How much salary do Entry Level (Fresher) Brand Managers earn In India?
Entry Level (Fresher) Brand Manager Salary In Indian Pharma Industry (Survey Id: PSS/13102022)
Why we conducted this survey?
Brand managers increase sales and boost market share for the company. They oversee marketing and advertising initiatives while keeping a close eye on market trends. A Brand Manager is in charge of product, placement, price, and promotion in consumer goods companies and the FMCG sector.
If you’re interested in a brand manager job in the pharma industry, you have a wide range of choices.
- A marketing or sales degree:
A Bachelor’s degree in marketing or a marketing-related role is a reasonable path for someone interested in becoming a Brand Manager because it is part of an organization’s marketing function.
- A diploma in brand or a similar field:
Advertising colleges provide Brand Management or brand-relevant diplomas that provide applicants with hands-on experience with the types of tasks that a Brand Manager would be expected to do.
- Strategy and leadership experience:
Many firms seek a Brand Manager who can demonstrate strategic thinking and has previously led a team. Prospective Brand Managers should be able to demonstrate strong teamwork, creativity, and analytical talents.
Investing time in the field while concentrating on developing your leadership and marketing skills will help you advance.
To know how you can become an Entry level Brand Manager in a Pharma company you can read our blog post on Pharma Brand Manager- A lucrative career choice.
Before entering the profession, it’s always good to know about the salary structure, and career growth options available in the industry but the information or data is not available in ample right now. So, PharmaState Academy conducted a survey to bring out this information for professionals who want to join Pharma marketing as their career path & Brand Manager is the entry-level for this high-growth industry.
A total of 120 pharma professionals participated in it. Their responses, placed in the context of pharma brand managers, helped us to show a true picture of brand manager salaries in India.
The survey is still active!
Participate via the link provided below to share your opinions on Entry Level Brand Manager Salaries in the Pharma Industry:
- In relation to Salary, Entry Level Brand Managers in India is?
In this survey, 53.4% of respondents reported being underpaid, with 34% responded they are getting a salary as per the industry standard, and only 2.9% of respondents reported being overpaid. But 9.7% of respondents had no idea about the pay scale for medical representatives.
- Do you think there is a significant difference in Entry Level Brand Manager salaries given by International MNCs & Indian MNCs?
68.9% of respondents revealed more than 20% in the pay scale set by International MNCs and Indian Pharmaceutical companies, while 15.5% also indicated a difference but, it was less than 20%. And, 13.6% of respondents didn’t know about the difference between salaries provided by International MNCs and Indian pharma companies.
- How much salary (per month) do Indian Pharma Companies give to Entry Level Brand Managers?
34% of respondents reported a salary of more than Rs 35000 per month for a fresher medical representative. In addition to this, 21.4% of those surveyed had a salary between Rs 15000 and Rs 25000 monthly, with 7.8%, between Rs 10000 to 15000 and 1.9% of respondents indicated salary was even lower than Rs 10000.
- What is the salary range (per month) for 2 yrs Experienced Brand Manager in Indian Pharma?
42.7% of respondents said that the salary for 2 years experienced brand manager was above 45000 per month. Alongside this, 32% reported salaries between Rs 35000 to 45000. Furthermore, 18.4% said that it was between Rs 25000-35000, and 6.8% with less than Rs. 25000.
- How much is the Salary Increment for Medical Rep if the company is changed for the same role?
As per the Survey result, just 21.4% of respondents reported the increment was between 5 to 10% increment and 37.9% between 11 to 20%.
Additionally, 30.1% of the surveyed indicated more than 20%, and 10.7% with more than 30%.
- After how many years a Brand Manager is promoted to the next level role?
The majority of the respondents said promotion comes after having more than 3 years of experience, with 29.1% stating 2 years, 14.6% mentioning 4 years, and 12.6% of those we surveyed expect the promotion following more than 4 years of work-ex.
- How much is the Salary Increment for the Brand Manager if promoted to the Next level role in the hierarchy?
20.4% of respondents reported an increase between 21 to 30%, with almost 59.2% seeing an increase of 10 to 20%. 9.7% of those who reported increments said their salaries were raised by over 30% but 10.7% also indicated less than a 10% raise.