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Pharmaceutical Marketing & Management Major

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Pharmaceutical Marketing & Management

44 Bachelor's Degrees Annually
33 Master's Degrees Annually
#86 in Popularity
$140,320 Median Salary

Types of Degrees Pharmaceutical Marketing & Management Majors Are Getting

The following table lists how many pharmaceutical marketing and management graduations there were in 2019-2020 for each degree level.

Education Level Number of Grads
Bachelor’s Degree 52
Master’s Degree 21

What Pharmaceutical Marketing & Management Majors Need to Know

People with careers related to pharmaceutical marketing and management were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Pharmaceutical Marketing and Management Majors

Pharmaceutical Marketing and Management majors often go into careers in which the following knowledge areas are important:

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  • Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.

Skills for Pharmaceutical Marketing and Management Majors

pharmaceutical marketing and management majors are found most commonly in careers in which the following skills are important:

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  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Speaking - Talking to others to convey information effectively.
  • Persuasion - Persuading others to change their minds or behavior.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Abilities for Pharmaceutical Marketing and Management Majors

As you progress with your pharmaceutical marketing and management degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:

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  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Pharmaceutical Marketing & Management Major?

Below is a list of occupations associated with pharmaceutical marketing and management:

Job Title Job Growth Rate Median Salary
Marketing Managers 10.1% $134,290
Sales Managers 7.5% $124,220

Who Is Getting a Bachelor’s Degree in Pharmaceutical Marketing & Management?

52 Bachelor's Degrees Annually
50% Percent Women
37% Percent Racial-Ethnic Minorities*
According to recent stats this major attracts about equal numbers of men and women. Roughly 50% of the graduates are women, and 50% are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of pharmaceutical marketing and management majors is as follows:

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Race/Ethnicity Number of Grads
Asian 11
Black or African American 5
Hispanic or Latino 2
White 30
International Students 2
Other Races/Ethnicities 2

Geographic Diversity

Students from other countries are interested in Pharmaceutical Marketing and Management, too. About 3.8% of those with this major are international students.

How Much Do Pharmaceutical Marketing & Management Majors Make?

Salaries According to BLS

Pharmaceutical Marketing and Management majors often go into careers where salaries can range from $140,320 to $147,240 (25th to 75th percentile). This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a Pharmaceutical Marketing & Management Major  ( 140320 to 147240 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some careers associated with pharmaceutical marketing and management require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to pharmaceutical marketing and management have obtained the following education levels.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 2.2%
Some College Courses 3.4%
Associate’s Degree (or other 2-year degree) 6.9%
Bachelor’s Degree 59.6%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 3.3%
Master’s Degree 18.4%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 6.5%

Online Pharmaceutical Marketing & Management Programs

In the 2019-2020 academic year, 7 schools offered some type of pharmaceutical marketing and management program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 0 0
Certificate (1-2 years) 0 0
Certificate (2-4 Years) 0 0
Associate’s Degree 0 0
Bachelor’s Degree 1 1
Post-Baccalaureate 0 0
Master’s Degree 3 1
Post-Master’s 0 0
Doctor’s Degree (Research) 0 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Pharmaceutical Marketing & Management Worth It?

The median salary for a pharmaceutical marketing and management grad is $140,320 per year. This is based on the weighted average of the most common careers associated with the major.

This is 252% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $2,008,400 after 20 years!

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You may also be interested in one of the following majors related to pharmaceutical marketing and management.

Major Number of Grads
Pharmacy 15,416
Pharmaceutical Sciences 1,615
Other Pharmacy, Pharmaceutical Sciences, and Administration 824
Pharmaceutics and Drug Design 542
Pharmacy Administration and Pharmacy Policy and Regulatory Affairs 281
Clinical and Industrial Drug Development 223
Medicinal and Pharmaceutical Chemistry 177
Pharmacoeconomics/Pharmaceutical Economics 152
Industrial and Physical Pharmacy and Cosmetic Sciences 79
Clinical, Hospital, and Managed Care Pharmacy 35
Natural Products Chemistry and Pharmacognosy 19

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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