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Management in Life Science Industry

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According to statistics and expert opinion this century will belong to biotechnology industry which will one day outplay IT industry. Indian biotechnology industry touched 2 billion dollar mark in revenue for 2006-07 from the 1 billion dollars in 2004-05, thus registering a growth of 37 percent. Indian biotech industry is cruising away and will reach the target revenue of five billion dollars by 2010. It will generate minimum 100,000 jobs. Government and business organizations have been placing emphasis on transfer of technologies from lab to market in biotechnology sector. Management professionals with technology background can accelerate this process for the benefit of business and commerce at the national and global levels.  

Some interesting facts about Indian biotech industry are- The bio-pharma sector revenue touched $1.4 billion dollar mark while the bio-services sector reached $250 million and bio-agri sector crossed the $250 million mark revenues in the fiscal year 2006-07. Indian bio-agri industry achieved the highest growth rate of 50%. Indian biotechnology sector attracted good amount of money and the investments crossed $580 million in 2006-2007. Clinical research is more than $1 billion industry by now. India ranked third (following Japan and Korea) in the Asia Pacific region in Biotechnology as per survey conducted by Ernst &Young. The pharma industry has grown tremendously in the last five years and it is $8 billion business in India. Though it is just 2% of the global market and 1% of the total global production, there is a good growth for the business due to the unbeatable medical prices and affordable and quality manpower. How India's R&D sector is doing can be understood by its patent filing speed. India is ranked third in Asia in patent filings. India is the second largest manufacturer of vaccines used by children and these are exported to more than 100 countries.

Besides above data remarkable increase in the number of start-up companies in this area has been seen in the last six years. As far as share of biotech business region wise is concerned, 40 percent of the business generated is by companies headquartered in the West, South accounts for 38 percent of the business, and the rest is by companies located in the North. There are more than 20 biotech parks currently operational in India with more in pipeline. It will further strengthen its R&D  activities and product quality. Good revenue and profits from the industry and assistance from the government has facilitated in opening these parks.

Just like other industry biotech industry also needs service of MBA students to run its management and business smoothly. But slight problem may arise when MBAians donít understand the scientific intricacy or nature of the biotech products. Itís difficult for the regular medical representatives to convince the doctors to use the new therapeutic drugs. Here comes the opportunities for the life science graduates, who after persuing MBA  can enter in the world of biotechnology business via enhancing their business and management skills by getting specialized in the fields like- marketing, human resources, entrepreneurship, business strategies and accountancy & finance. Some topical areas of modern biotechnology are also covered in the degree programme like- molecular biology, bioinformatics and industrial biotechnology. Similarly life sciences students donít understand the business and management parameters properly. Thus management programs transform science and technology students to become management savvy professionals to run biotech business. These programs improve their decision making and managerial skills.

Salary: Starting salary Rs.20,000 or even more, depends upon the type of branch opted and candidate's capabilities. B.E/B.Tech Students entering in marketing job in biotech companies also get packages around Rs. 20,000.00 per month depending upon their industrial trainings and personal skills.

 

Educational Institutes  

Aligarh Muslim University

Course:  Master of Agricultural Economics and Business Management (MAEBM).

Click: http://www.amu.ac.in/faculties.html 

Allahabad Agricultural University

Course: Postgraduate Diploma in Agribusiness, MBA and PG Diploma in Business Administration. Click: http://www.aaidu.org/admission.asp

Amity University, Jaipur, Course: MBA Biotechnology. Click: http://www.amity.edu/

Anna University, Coimbatore. Course: PGDM in Biotechnology.

Click: http://www.annauniv.ac.in/

Best Biotek Research labs (p) Ltd. www.bestbiotek.com.

Course: Diploma in Biotech Business Management.

Dr Y S Parmar University of Horticulture and Forestry

Course: MBA (Agribusiness)

Forest Research Institute (Dehra Dun)

Course: M.Sc Forestry (Economics and Management)

G B Pant University of Agriculture and Technology (College of Agribusiness Management)

Course: MBA (Agribusiness)

ICFAI, Tripura  

Course: Masters in Agribusiness Management. Click: http://www.iutripura.edu.in/

Indian Institute of Forest Management (Bhopal)

Course: P G Diploma in Forest Management.

Indian Institute of Forest Management, P.O. Box - 357, Nehru Nagar, Bhopal - 462003, India. Phone : +91-755-2775716, 2773799 Fax : +91-755-2772878.

Click: http://www.iifm.ac.in/mdp/mdp.html

Course: Post graduate diploma in forest management.

Indian Institute of Management (Ahmedabad)

Course: Post Graduate Diploma in Agribusiness Management

Indira Gandhi National Open University

Course: Certificate in Participatory Forest management

Institute of Health Management and Research, 1 Prabhu Dayal Marg, Sanganer Airport, Jaipur-302011. Tel: 91-0141-392 4700, Fax: 91-0141-279 2138.

Click: www.iihmr.org, E-mail: pgdhm@iihmr.org, Course: Post Graduate Programme in Pharmaceutical Management.  

Institute of Management and Entrepreneurship Development (IMED), Bharti Vidyapeeth University, Pune

Course: MBA in Biotechnology. Click: http://www.bharatividyapeeth.edu/MBA-BT.html

International Institute of Information Technology, Pune. Course: MBA Biotech

Jawaharlal Nehru Krishi Vishwavidyalaya

Course: Master of Agricultural Business Management (MABM)

Kerala Agricultural University

Course: B.Sc. (Cooperative & Banking), M.Sc (Cooperative and Banking), MBA in Agribusiness management.

Krishi Vigyan Kendra - Babhaleshwar, Maharashtra, http://www.kvk.pravara.com/

Course: An ICAR unit. An Agricultural Extension project funded by ICAR for dissemination of technology, refinement and assessment of the available packages to suit the local environment.

M.R. Morarka-GDC Rural Research Foundation, Vatika Road, Off Tonk Road, Jaipur. Tele Fax: 91-141-2771100, 2771101. Mobile: 098290-56650. E-mail: info@morarkango.com www.morarkango.com .

Course: Post Graduate Diploma in Organic Agriculture Management (PGDOAM), in Joint Collaboration with Maharanapratap University of Trained Human Resource for Agriculture and Technology.

Mahatma Gandhi Chitrakoot Gramodaya Vishwavidyalaya

Course: MBA (Agribusiness)

Mahatma Phule Krishi Vidyapeeth

Course: 2 years P G Diploma in Farm Business Management.

MITCON Institute of Management, Belawadi, Pune.

Course: MBA in Biotechnology via Distance Education. PG DM in Agribusiness Management and Pharmacy Management. Click: http://www.mima.edu.in/cources.html

Mysore University

Course: Master of Food and Agricultural Marketing Management (MFAMM)

National Academy of Agricultural Research Management (NAARM), Indian council of Agricultural Research, Rajendra nagar, Hyderabad-500407. www.naarm.ernet.in

Course: An ICAR Unit. One year full-time residential PGD in IT Management in Agriculture (PGDITMA).

National Centre for Agricultural Economics and Policy Research (NCAP),

Click: http://www.ncap.res.in

National Centre for Agril Economics & Policy Research, New Delhi, http://www.icar.org.in/ncap/ncap_index.htm 

Course: An ICAR unit. Conducts Policy oriented research and strengthens agricultural economics research and teaching capability in state agricultural universities and ICAR institutes.

National Institute of Agricultural Extension Management (MANAGE), Hyderabad

Course: P G Diploma in Agriculture-Business Management, Post Master Course in Natural Resource Management

Pune University, Pune

Course: 2 Yrs MBA in Biotechnology. Click: http://pumba.unipune.ernet.in/pumba-mba-biotech.php

Punjab Agricultural University (College of Agribusiness Management)

Course: MBA (Agribusiness Management)

Sri Chandrasekarendra Saraswati Vidyapuram, Navi Mumbai

Course: PG DM-Biotechnology Management.

Click: http://www.siescoms.edu/programmes/pgdbbm.html

Suryadutta Institute of Business Management and Technology (SIBMT), Pune.

Course: MBA in Biotechnology. Click: http://www.suryadatta.org/sibmt_tec%20mba.shtml  

Tamil Nadu Agricultural University

Course: Master of Business Management (MBM), M.Sc (Agricultural Marketing Management)

Tamil Nadu Veterinary and Animal Sciences University

Course: Postgraduate Diploma in Business Management (Animal and Fisheries Sciences)

University of Agricultural Sciences, Bangalore

Course: B.Sc (Agricultural Marketing & Cooperation), M.Sc (Agricultural Marketing)

University of Agricultural Sciences, Dharwar

Course: B.Sc (Agricultural Marketing & Cooperation).

 

 

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