In fact the career in pharmaceutical business development is very rewarding and jobs are highly compensated too.
The major objective for pharmaceutical business development is dealing with deals, licensing etc. to provide the growth of the firm’s business.
Business Development Team (BD Team) works in close proximity with the organization’s management team and most of the time they are exposed to firm’s corporate decision making. BD team also involved with the corporate’s growth based projects, we called it corporate vision setting projects.
Business Development team will be working with group heads and the CEO, and Directors (Management team).
Business development team works generally in operating hours of the company – 9 am to 6 pm. But late evening / night meeting with skype / web conferencing are quite common while handling clients of different timezone.Hierarchy:
Generally one may join as Management Trainee and slowly grow up in the corporate ladder.
- Management Training
- Business Development Executive
- Business Development Manager
- VP – Business Development
- Director – Business Development