Job Prospects for Freshers in Pharmaceutical Industry

The pharmaceutical industry is one of the most promising sectors in India, with the market size expected to grow from the present $49 billion to $130 billion by 2030. The supply chain disruption caused by the pandemic has further boosted the scope of India becoming a leading contributor to the global pharma market, which is expected to grow at a 19.5% CAGR for the next few years.

As the sector grows rapidly amidst this tech-first business environment, the need for white-collar professionals is only bound to rise. That means if you are someone who is looking to have a career in this domain, there are plenty of pharmaceutical industry jobs waiting for you.

In Episode 06 of Career Live, Vishal Bhardwaj, Chief of Digital Transformation at Taggd interacted with Pankaj Phatak, Head of Talent Acquisition at Dr Reddy’s and K Kulbhushan, Global Head and Vice President at Dr Reddy’s, to discuss this rising demand for jobs in the pharmaceutical industry.

Read the blog to know all about the job opportunities currently available for freshers in the pharma industry.

• High-Demand for Tech-based Roles

During the interaction, Mr Kulbhushan mentioned that with the rapid growth of the sector, pharma companies are looking to cut-down their lead time for product development. In order to achieve this goal, companies require talent proficient in machine learning, artificial intelligence, and static/dynamic simulation software.

Additionally, according to Pharmaceutical Technology, in the current times, 70% of drug development is done by leveraging smart technologies like Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP).

This means people pursuing streams like computer science engineering, software engineering, data analytics, etc., have tremendous opportunities in the sector.

• Project Management Roles

Research and development (R&D) departments in pharma companies are looking to develop effective State-Gate processes which opens up another broad avenue for job seekers. Additionally, companies are seeking ways to create a seamless project work structure, manage the risks involved, and ultimately drive productivity across all aspects of the project.

• Opportunities for Professionals Proficient in Agile Workflows

Most pharma executives are looking to implement agile and flexible working methods, resulting in an increase in demand for Lean and Six Sigma roles.

• Quality Function & Manufacturing Roles

Quality function, one of the core domains of the pharmaceutical industry, has also witnessed a surge of new roles to develop error prevention techniques, streamline inventory management, and better material flow. Candidates from Lean and Sigma backgrounds are also hired in the quality function space to improve the quality assurance process.

Similarly, people from BPM (Business Process Management) backgrounds have many opportunities in the pharma industry’s manufacturing arena as companies are looking to streamline processes.

• Marketing & Sales Roles

Lastly, with the growing competition, companies need a strong marketing and sales team to gain a competitive edge in the market. Companies are looking to target digital channels to promote their products, opening doors for roles like digital marketing, branding, marketing management, business development and many more.

Top Skills For a Successful Career in Pharma Industry

• Artificial Intelligence
• Machine Learning
• Natural Language Processing
• Data/Big-Data Analytics
• Cloud Computing
• Project Management
• Marketing & Branding

The bottom line is that the pharmaceutical industry has become welcoming for freshers from different disciplines. Whether you are a software engineer, a data analyst, or someone from a marketing background, you have ample opportunities to enjoy a fruitful career in pharmaceuticals.

Landing a job in a pharma company for freshers is no longer a huge hurdle. Sign-up with Taggd’s digital requirement platform and get access to exclusive jobs from top pharma companies.

To learn more about the trends in the pharma industry and how to get a job in a pharma company, check out Episode 06 of Career Circles Live.