Job opportunities in Indian Pharma Industry
This article gives the information about the career opportunities in pharma industry. There are job opportunities available such as medical representative, sales representative or many other options
The rapid growth of the pharmaceutical industry over the last few years shows that a new opportunity has emerged in pharmaceutical field. Pharma franchises have come out as a career option for the fresher as well as for the experienced professional engaged in the pharmaceutical industry.
Usually, a pharmaceutical franchise gives to someone having capability to invest good amount of money and have good contacts with doctors, hospitals to endorse the pharmaceutical products of the company. Most companies wants that the franchisee to provide assurance about a minimum sales amount and if they are not able to meet those can result in cancellation of the franchise.
A Pharma franchisee generally works in a large area covering 4-5 districts. The sales targets and minimum starting orders are higher, investments required are also higher. Companies choose to appoint persons having understanding as a Pharma Marketing Managers of about 5 years and having an ability to invest good amount. Usually, an area of about 5 district headquarters is provided to a franchisee. Smaller firms permit Wholesalers, Distributors, Retailers, and even Medical Representatives to get a franchise.
The mindset is that reputed company will provide a higher return on your investment. Believing that the brands of a renowned company are more identifiable, however in order to be competitive, a small corporation is more likely to provide higher margins and better support to its franchisees. You have good chances to get a franchise at the place of your choice from smaller to medium sized companies. These companies are not loaded with the bloat and are more determined about creating brand awareness and possibly getting listed on the stock exchanges in future. Some of the rural people are investing in stock markets and seen not only as potential customers but also as potential shareholders. Apart from this, there is very less competition in rural markets.
The concerns about the quality of the products are always there when you take a franchise from the pharma company especially a smaller or medium sized company. Every pharma company agrees to independent testing of their products. Therefore, the product quality is not likely to be inferior. In recent times, a large pharma company has been charged by for producing sub-standard pharmaceutical products. In such conditions, a potential franchisee make sure that the company has a good reputation among existing franchisees, has some certifications, good manufacturing practices and has testing facilities for quality test. At the end, quality of the product makes the difference about the death and life of a person.