MBA in Biotechnology Management - Careers, Salary, Jobs, Scope
Brief Summary
| Course Name | MBA in Biotechnology Management |
| Duration | 2 years |
| Level -Degree/Diploma | Degree |
| Eligibility | Graduation with at least 50% and clearance of national level management test like CAT/MAT/CMAT/GMAT/NMAT/DYPCET. |
| Key Skills Required | Communication skills, creative, management skills, stress management, confidence |
| Expected fee | Rs 3,00,000- Rs 12,00,000 |
| Average Starting Salary | Rs 30,000-Rs 55,000 p.m |
| Admission process | Online/Offline |
| Top recruiting companies | Abbott Laboratories, GVK Biosciences Pvt Ltd, Biomax Life Sciences BioGenex, Laurus Laboratories Ltd, Mithros Chemicals, Nektar Therapeutics India, Regeneron Pharmaceuticals, Bayer, Roche, Novartis |
Why MBA in Biotechnology Management?
Emerging as one of the most prosperous career options in the management area, MBA in Biotechnology demands the knowledge of both Management and Biotechnology. Biotechnology is a scientific research-oriented field. Biotechnology incorporates a wide range of subjects like Genetics, Molecular biology, Biochemistry, Embryology, Immunology, Virology, Cell biology etc.
The duration of the course is 2 years and the average fee ranges from Rs 3,00,000 to 12,00,000 depending upon the college.
MBA’s trained in biotechnology management can work with the various educational institutions, pharmaceutical companies, agriculture and allied industries, food processing industries, chemical industries, research laboratories, and even information technology, under both government and the private sector.
Below is a list of top colleges offering MBA in Biotechnology Management-
- DY Patil University
- Amity University, Noida
- Panjab University
- Shoolini University, Solan
- Savitribai Phule Pune University
The graduates with this specialization are offered the job roles where they generally work in the labs and offices as their job is research-oriented dealing with production and marketing strategies. They usually work in the office hours, but those who work in the research field needs to have flexible work hours as the research can go on for long hours.
Students can also check out our MBA in Pharmaceutical Management Article.
MBA in Biotechnology Management: Job Roles and Career Opportunities
Management graduates can seek the job profiles that offer the roles in Sales, Marketing, Market Research and Analysis, Research and Development Support, Product Executive, etc. The overseas nations such as USA, UK, New Zealand, Australia, Europe have a noteworthy interest for such MBAs who can be a great asset to the biotech industry.
The following are few of the common job roles played by MBAs in Biotechnology:
Biotech Consultant
They generally provide information to the organizations related to environmental, safety, health and technology sectors, when an organization does not have the workforce to deal with a present undertaking or issue. They offer help to enable customers to take care and address issues.
Quality Assurance Manager
A quality assurance manager is in-charge of performing analysis of manufacture and quality control. He assures consent to in-house details, guidelines, and good production practices. The personnel in this field must be skilled enough in tackling with the quality-based issues.
Quality Control Analyst
A quality control expert is in-charge of directing routine and non-routine examination of raw materials. He assembles the information for documentation of test techniques and reports variations. Furthermore, he also audits the information obtained for consent with the particulars and reports abnormalities.
Research Assistant
He/she is responsible for performing the research and lab tasks for assigned projects and future tasks, in a coordinated effort with others. He mentions point by point objective facts, analyses the information and deciphers the results. He is also responsible for making the technical reports, outlines, and quantitative investigations.
Associate Scientific Manager
In charge of arranging, planning and overseeing the exercises of one or more projects in the research department. The manager at this position undertakes the long-term and short-term arranging and supervision of projects, which generally require communication with business and production units. He creates the strategies to guarantee the effective accomplishment of business targets. He also provides assistance in preparing the budgets for capital uses, labour, and contracts.
Here are few other career prospects in Biotech industry:
- Biotechnology Expert
- Marketing Executive
- Lab Technician
- Industry Analyst
- Protein Purification Team Leader
- Quality Control Manager
- Biotechnology Patent Analyst
- Lab Technician
- Assistant Professor
MBA in Biotechnology Management: Salary Offered
In India, the average pay scale offered to the management biotech graduates in this field varies from Rs.3,50,000 to Rs.6,00,000 per annum highly depending on the knowledge and skills of a person whereas, in the developed countries, the salary range that a biotech graduate can expect is comparatively much higher.
On the global level, the freshers can expect a package of US $32,000 to $ 50,000 and experienced professionals can somewhere expect a package of US $80,000 to $ 120,000.
MBA in Biotechnology Management: Recruiters
Some of the significant employers from the global biotech and pharmaceuticals companies are:
- Albany Molecular Research Centre Pvt Ltd
- Merck & Co.
- Johnson & Johnson
- Eli Lilly
- Abbott Laboratories
- GVK Biosciences Pvt Ltd
- Biomax Life Sciences BioGenex
- Laurus Laboratories Ltd
- Mithros Chemicals
- Nektar Therapeutics India
- Regeneron Pharmaceuticals
- Bayer
- Roche
- Novartis
- Biotech Consortium India Limited
- Rajiv Gandhi Centre for Biotechnology (RGCB)
- All India Biotech Association (AIBA)
Specializations offered
MBA in Biotech Management offers various career prospects. The graduates specialized in this field can go for:
- Business Development
- Quality Control Management
- Assistant Estate Management
- Tissue Replacement and Engineering Management
- Innovation and Knowledge Management for Biotechnology
- Food Safety Management
- Market Research & Management
- Environmental Management Systems
- Pharmaceutical Industry Management
- Production Management
- Entrepreneurship Management
MBA in Biotechnology Management: Syllabus
Students who want to pursue MBA in Biotech will acquire an insight on the administrative role of the administrative part of the state and government agencies, worldwide bodies and various professional groups.
Extensively, this course will show you the idea of “business of biotechnology”, and cover the major sectors of strategic, financial and HR management in this industry. Students are taught various aspects of biotech management included under the following subjects:
| Semester | Topics |
| SEMESTER I |
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| SEMESTER II |
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| SEMESTER III |
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| SEMESTER IV |
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Popular colleges offering MBA in Biotechnology Management
There are many institutes in India that offer the 2-years MBA in Biotech. The information regarding the admission criteria, eligibility, fee structure and placements of few colleges is mentioned below:
| College | Eligibility | Fee | Placement |
| Department of Management Sciences, Pune | Students must have at least 50% marks in graduation.
Students need to appear in the entrance examination ATMA, followed by GD and PI. |
Rs.1,32,000 | The average salary package offered to the graduates is Rs.5,25,000 to Rs.5,50,000 whereas the highest package offered was Rs.7,50,000 p.a.
|
| Amity Institute of Biotechnology, Noida | Students must have at least 50% marks in 10th, 12th and graduation in Life Sciences or students applying through CAT/XAT (75 percentile)/ MAT/GMAT (500)/ NMAT (60 percentile) must have the mentioned score.
Students can apply either through the CAT/XAT/MAT/XMAT/NMAT scores or through the Amity Written Test, each of which is that is followed by GD and PI. |
Rs. 3,24,000 | The average salary package offered to the graduates is Rs.5,00,000 |
| School of Management, Dr. D.Y. Patil University, Navi Mumbai | Students must have at least 50% marks in graduation. For students applying through CAT/XAT/MAT/XMAT/NMAT, must have a score of 500/800 or 60 and above percentile.
Students can apply either through the CAT/XAT/MAT/XMAT/NMAT/ MAHCET scores or through DYPCET (D Y Patil Common Entrance Test), followed by GD and PI. |
Rs. 5,90,000 | The average salary package offered to the graduates is Rs.5,40,000 |
| Shoolini University, Solan | Students must have at least 50% marks in their graduation.
Students can apply either through the CAT/XAT/MAT/GMAT/NMAT scores or HPCMAT conducted by HP University, followed by GD and PI. |
Rs.3,40,000 | The average salary package offered to the graduates is Rs.4,50,000.
|
| Mangalayatan University, Aligarh | Students must have at least 50% marks in 10th, 12th and graduation (in any stream). For students applying through CAT/XAT/MAT/NMAT, must have a score of 500/800 or 60 and above percentile. | Rs. 2,20,000 | The average salary package offered to the graduates is Rs.3,50,000 |
Requirements for MBA in Biotechnology Management
The candidates who have a graduation degree in Biotechnology/ Biology/ Botany/ Chemistry/ Microbiology/ Zoology/ Biochemistry/ Physics/ Agriculture/ Medical Sciences/ Pharmacy/ Applied Sciences/ Ayurveda/ Veterinary Sciences/ Engineering/ B. Tech/ B.Sc./ MBBS/ BAMS etc. are preferred to get enrolled in this course.
Why should you choose to do an MBA in Biotechnology Management?
Since we have the trinity of a blooming healthcare industry, a maturing population, and a more prominent requirement for better, more precise diagnostic tools, the biotechnology MBA is the suitable course. Besides proffering opportunities for research, the biotech MBA also provides them the opportunity to be leaders and directors in their field.
India’s Biotech is highly advanced and is moving towards a solid development direction. With its massive development potential, this sector will keep on playing a huge part as an inventive manufacturing center. This sector is a standout amongst the most noteworthy sectors in upgrading India’s worldwide profile.
Achievements
- India is one of the top 12 biotech harbors in the world and stands at the third position in the Asia-Pacific region.
- Followed by the USA, India has the second-most elevated number of US Food and Drug Administration (USFDA)–approved plants and is the largest manufacturer of recombinant Hepatitis-B immunization.
- Out of the best 10 biotech organizations in India (by income), seven have mastery in bio-pharmaceuticals and three have practical experience in Agri-biotech.
Developing at a rapid pace, in correlation with the earlier years, the Indian biotech industry saw a development of 57.14% in FY16; the aggregate business size remained at US$ 11 billion by FY16 and is evaluated to achieve US$ 11.6 billion by FY17.
Quick paced development is probably going to proceed with; the industry is relied upon to increment in size to US$ 11.6 billion by 2017, driven by a scope of components, for example, developing interest, intensive R&D exercises, and strong government actions.
Seen as the new hope for information improvement, the biotech industry has gotten pace in India and additionally in the universal field. As this is again a learning concentrated field, India is required to have an upper hand, something along the lines of IT revolution. Keeping in mind the end goal to capitalize and exploit this developing field, there is a huge requirement for trained personnel, both mechanical and administrative.
The enormously developing biotech industry demands many such specialized professionals with a management degree in biotechnology.
