Students pursuing a graduate degree in pharmaceuticals management can gain leadership, management, interpersonal and project management skills to supervise employees. Applicants must have a bachelor's degree and meet a minimum GPA requirement. Some schools may require courses in relevant subjects for admission. Most programs require students to complete a graduate project or clinical project.
Graduates cannot become pharmacists with only a Master of Science in Pharmaceuticals Management. That career path requires a graduate degree, licensure and the passing of a national examination.
Master's Degree in Pharmaceuticals Management
Courses offered within the master's degree program in pharmaceuticals management focus on the business and technological aspects of the pharmaceuticals industry. Students learn about how to make decisions based on consumer behavior that can enhance the availability of the products. Examples of pharmaceutical-based courses may include:
- Trends and issues
- Marketing and sales
- Strategic management
- Organizational behavior and design
- Regulations and compliance
Popular Career Options
Graduates of master's degree programs in pharmaceutical management can be qualified to assume management positions in various settings of the pharmaceutical field, including manufacturing, marketing and research. Some possible job titles could include:
- Drug distribution manager
- Marketing manager
- Pharmaceutical sales manager
Employment Outlook and Salary Information
The U.S. Bureau of Labor Statistics (BLS) doesn't mention employment projections for managers in the pharmaceuticals industry; however, it does note growth and salaries for sales managers and marketing managers. Employment growth from 2014 through 2024 is projected to increase 9% for marketing managers and 5% for sales managers. The median annual salary in May 2015 was $128,750 for marketing managers and $113,860 for sales managers.
Continuing Education Information
Graduates interested in entering research-based or academic careers upon graduation can pursue the Doctor of Philosophy (Ph.D.) in Pharmacoeconomics, Ph.D. in Health Policy or Doctor of Pharmacy (Pharm.D.) programs. A dissertation based on original research in the field is typically required for the completion of these programs.
Individuals who wish to practice as a pharmacist within the United States must have a license, which can be obtained through a State Board of Pharmacy. Typically, an accredited Pharm.D. is required to obtain this licensure. In addition to state exams, aspiring pharmacists must take a North American Pharmacist Licensure Examination (NAPLEX), which tests students on their knowledge and pharmacy skills (http://www.nabp.net).
Students pursing a Master's Degree in Pharmaceuticals Management will learn about the pharmaceuticals industry and be prepared for a doctorate program or pharmaceutical licensing.