What Is Better an MBA or M.Pharm?

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The confusion among graduates about what to do next in their career or perhaps their life is a question that brings stress and anxiety. It also matters, as decisions taken at this point of time in life will have a longer impact than before. Hence, the common question a pharmacy graduate faces, whether to go for an MBA or M.pharm!

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The answer to this question largely depends on the person as to what kind of job profile he wants to see himself in five or ten years down the line. A small PMID analysis can help you to take an informed decision.

Profile:

There are various profiles in an MBA such as Finance, Marketing, HR, Business development, Consultancy, Health care management.Each field has different working profiles in various sectors which is very huge.

As, the health care industry is booming right now due to the epidemic, it would be wise to choose health care management as there you will be managing hospitals and other companies related to medicines.

Marketing also absorbs many graduates as there is always a need for management in pharmaceutical companies as they work on a larger scale.

In the last decade, there has been a huge demand for people who have a management degree and are relate to healthcare background.

In the terms of growth, MBA is again a very good option as the growth will be based on your skills and talents.On the other side, M.pharm specialization includes fields such as pharmaceutics, pharmacology, Chemistry, Microbiology, Drug Regulatory Affairs and many more subjects.

This will totally depend on your interest of subjects which you studied in your undergraduate curriculum. It is beneficial also when you want to go for research ahead such as to do PhD. The growth here will be slow if you turn towards industry, but it will be stable and if it is your niche then you will definitely enjoy it a lot.

Money:

Money is the second important factor in deciding what to pursue in your life.

MBA will definitely provide you with more money than any other degree, but that should not be the reason to pursue it. On the downside, you will have to compete with people coming from different fields which will increase the level of competition slightly so, be prepared for that.

Always keep in mind that you should pursue your MBA from a top college or university so that you can stay ahead in the competition and it will open a different arena of possibility for you.

M.pharm will also provide you with money, but lesser than an MBA but definitely with more stability and security as you will be working in your own niche with people who are from your field.

Interest:                        

                                     

This is a very misunderstood term of all the time. It is mostly understood as passion which is very different;

“Interest in something combined with hard work leads to passion”

Not the other way around. You can have passion in more than one thing but your hard work, knowledge and perseverance will convert that interest into passion.

If you have interest in various subjects of pharmacy such as pharmacology or medicinal chemistry but you get drained while leaning all the structures and drugs. Then you can opt out of pharmacy by choosing MBA. If you have interest in various domains of an MBA such as marketing or HR then you can go for MBA.

But if you get interested while reading various developments in the field of science and drugs or you want to change the face of the medicine by developing some drug and want to publish your articles. Then you can blindly go for M.pharm.

You can also find out your interests by doing various internships in your college time, do not be bothered by the kind of work or whether it is paid or unpaid. You should just choose it and start and then realize it yourself.

If your college is finished then you can take a job and work somewhere to gain knowledge about your industry and also to enhance your profile.

Degree to Which You Belong:

Each and every individual has his own degree of doing work. Some people can work day in and out as they love to work this much and so they are promoted faster and more bread to eat but some people just work enough to gain financial freedom and are happy with other things in their life.

Both of the fields will have their different stress from time to time and you can analyse these stressors before hand by analyzing what it is that you want from your life.

MBA will be surely put a little pressure than your own degree as it will be about managing different people with different opinions about a common thing and leading them on a project by maximizing their potential.

However, with M.pharm you can go to more core field jobs which will be focused on technicalities more than other things. An honest PMID analysis can take you far in your career.

Written by – Chavi Goel

Edited by -  Adrija Saha