MBA in Biotechnology Course - Eligibility, Career Options After Biotechnology, Top Recruiting Companies, Salary
Update on 29 Apr, 2024
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MBA in Biotechnology is a two-year postgraduate program that combines the study of management principles with the field of biotechnology. The course is designed to provide students with a strong foundation in business management and entrepreneurship along with advanced knowledge of biotechnology. The program aims to produce professionals who can bridge the gap between biotechnology and business.
MBA Biotechnology Course: Highlights
| Full Form | Master of Business Administration in Biotechnology |
| Course level | Post-Graduation |
| Duration | 2 years |
| Examination Type | Semesters |
| Eligibility | Graduation in the field of Science, Medicine or Engineering. |
| Admission process | Entrance Based |
| Course Fee | INR 5-17 LPA |
| Average salary | INR 3-14 LPA |
| Top Recruiting Area | Specialized Biotechnology Companies, Pharmaceutical firms, Food manufacturing companies,Aquaculture and Agricultural companies, etc . |
| Job Positions | Biotechnology Researcher, Analyst, Product Manager, R&D Executive, etc. |
| MBA in Biotechnology Scope | MPhil/PhD |
Eligibility Criteria for MBA in Biotechnology
The eligibility criteria for MBA in Biotechnology may vary from institute to institute.
However, the basic eligibility criteria for the program are:
- Candidates must have completed a Bachelor's degree in Biotechnology or a related field with a minimum of 50% aggregate marks.
- Some institutes may also require candidates to have a valid score in a national-level management entrance exam such as CAT, MAT, or XAT.
Admission Process for MBA in Biotechnology
The admission process for MBA in Biotechnology typically involves the following steps:
- Step 1: Candidates need to apply to the institute of their choice by filling out the application form online or offline.
- Step 2: Candidates will be shortlisted based on their academic qualifications and their score in the management entrance exam.
- Step 3: Shortlisted candidates will be called for group discussions and personal interview rounds.
- Step 4: The final selection of candidates will be based on their performance in the group discussion and personal interview rounds.
Career Options after MBA in Biotechnology
The career options after MBA in Biotechnology are diverse and include:
- Biotech Entrepreneur: An MBA in Biotechnology can equip individuals with the skills and knowledge required to start their own biotech venture. Biotech entrepreneurs can start their own biotech companies or provide consulting services to biotech startups.
- Business Development Manager: Biotech companies require business development managers to identify new business opportunities, develop strategies to expand their market share, and maintain relationships with clients.
- Marketing Manager: Biotech companies also require marketing managers to develop and implement marketing strategies to promote their products and services.
- Product Manager: Product managers are responsible for overseeing the entire life cycle of a biotech product, from conception to launch.
- Investment Analyst: MBA in Biotechnology graduates can also work as investment analysts, providing investment advice to clients looking to invest in biotech companies.
Top Recruiting Companies for MBA in Biotechnology Graduates
Some of the top recruiting companies for MBA in Biotechnology graduates are:
- Biocon
- Novartis
- Pfizer
- Johnson & Johnson
- Roche
- GSK
- Merck
- Genentech
- Sanofi
Salary After MBA in Biotechnology
The salary after MBA in Biotechnology may vary based on several factors such as the candidate's work experience, job profile, and the company they are working for. On average, the starting salary for MBA in Biotechnology graduates ranges from INR 4-8 lakhs per annum. With experience and expertise, the salary can go up to INR 10-20 lakhs per annum or even higher in some cases.
Conclusion
MBA in Biotechnology is a lucrative and rewarding career option for those interested in the field of biotechnology and business management. The program equips individuals with the skills and knowledge required to succeed in the biotech industry and opens up several career opportunities with top biotech companies.
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