Explore the pharmaceutical industry for ideal jobs
India is one of the emerging pharmaceutical markets in India. The last few years have been crucial for the growth of this industry in the country. During the period of fiscal year 2009-2013, the pharmaceutical industry in India grew at an annual growth rate of 13%. A major contributor to this has been the export of drugs to other countries. The pharmaceutical industry in India accounts for nearly 1.4 percent of the world market. During the last decade, the country has become more sensitive towards health care, as a result of which, the main pharmaceutical companies have been increasing their income.
Some of the major reasons contributing to the growth of this industry in the country include increased revenues, health care awareness, improved health care facilities, insurance support, and government initiatives. In recent years, the country has witnessed an expansion in the size of the pharmaceutical market. Revenues from local sales and exports have grown considerably, while future revenues are expected to increase by 14.4% over revenues generated in 2012. As reported by the Executive Director of the Council of Pharmaceutical Export Promotion of India, growth of about 12 percent during the year 2014-2015.
With such high expectations positioning the expansion of the Indian pharmaceutical industry, the future of employees in this sector also remains on the positive side. Those looking for work in this sector can continue to hope to explore attractive opportunities.
Some of the jobs you can explore in this industry are listed below:
Research associate
These professionals continue to be sought after in the pharmaceutical and biotech industry to carry out research programs. Those who have worked in a laboratory and have a B.SC or M.SC degree are eligible to apply for the Research Associate job.
scientific researcher
This is one of the higher level positions that require a Ph.D. or equivalent qualification. They are involved in designing and conducting experiments. The average annual salary for this position is Rs 581,098 per year.
Sales representative
These are the professionals, who represent a company and its products to doctors. They maintain contact with covered doctors within their region and add to the company’s sales figures. To qualify for these jobs, one has to earn a bachelor’s degree in science. However, some companies even consider those who have not yet completed their graduation, but only those who come from scientific backgrounds. These professionals can expect to earn Rs 242,449 per year.
Product manager
Employees as Product Managers in this sector must manage a team, which is aimed at determining different product elements, i.e. medicines produced by the company. They work to manage the pricing, distribution, branding, forecasting, and overall strategy of the drugs produced. They possess extensive knowledge of market trends and demands, which in turn helps them perform their tasks efficiently. A Product Manager in this industry manages to earn more than Rs 6,00,000 per year in India on average.
Regulatory Affairs Associate
These professionals are in charge of handling all the paperwork and regulatory matters. They are in contact with the regulatory agencies and also participate in any type of dealing with them, such as any type of problem. They also establish regulatory strategies for the companies with which they are associated. His average annual salary package is Rs 244,933.