Pharmaceutical Marketing & Management

Types of Degrees Pharmaceutical Marketing & Management Majors Are Getting

The following table lists how many pharmaceutical marketing and management graduations there were in 2020-2021 for each degree level.

Education Level	Number of Grads
Bachelor’s Degree	67
Master’s Degree	18
Basic Certificate	12

What Pharmaceutical Marketing & Management Majors Need to Know

In an O*NET survey, pharmaceutical marketing and management majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Pharmaceutical Marketing and Management Majors

This major prepares you for careers in which these knowledge areas are important:

• 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

When studying pharmaceutical marketing and management, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

• 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

Some of the most crucial abilities to master while a pharmaceutical marketing and management student include the following:

• 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?

The major attracts more women than men. About 55% of the recent graduates in this field are female.

Racial-Ethnic Diversity

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

Race/Ethnicity	Number of Grads
Asian	7
Black or African American	4
Hispanic or Latino	3
White	41
International Students	6
Other Races/Ethnicities	6

Geographic Diversity

Pharmaceutical Marketing and Management appeals to people across the globe. About 9.0% 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 the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

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.

Amount of Education Required for Careers Related to Pharmaceutical Marketing & Management

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

Find out what the typical degree level is for pharmaceutical marketing and management careers below.

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 2020-2021 academic year, 9 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	0
Post-Baccalaureate	0	0
Master’s Degree	4	2
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!

Majors Related to Pharmaceutical Marketing & Management

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

Major	Number of Grads
Pharmacy	15,637
Pharmaceutical Sciences	2,139
Other Pharmacy, Pharmaceutical Sciences, and Administration	876
Pharmaceutics and Drug Design	503
Pharmacy Administration and Pharmacy Policy and Regulatory Affairs	240
Clinical and Industrial Drug Development	206
Pharmacoeconomics/Pharmaceutical Economics	175
Natural Products Chemistry and Pharmacognosy	175
Medicinal and Pharmaceutical Chemistry	161
Industrial and Physical Pharmacy and Cosmetic Sciences	152
Clinical, Hospital, and Managed Care Pharmacy	32

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.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By {} under License

More about our data sources and methodologies.