Glenmark Pharmaceuticals, an introduction
Glenmark Pharmaceuticals is a part of Glenmark Generics Ltd. (GGL) US. It is present in the Indian cities of Mumbai, Delhi, Nasik, Ankleshwar and Chandigarh. It is involved in the drug discovery related to ailments such as rheumatoid arthritis, asthma, COPD, inflammation, etc. It also conducts pharmaceutical research in the areas of metabolic disorders such as obesity and diabetes. It also manufactures drugs for inflammatory pain and neuropathic pain. Some seven drugs are being developed that are into preclinical and clinical development stages. Several of such drugs are in clinical trials phase. Some of these drugs are aimed for advanced treatments of chronic and debilitating diseases. The budget of the project may go up to $3 billion.
It has a state-of-the-art research center in Navi Mumbai, India. It has advanced facilities for drug development and discovery of new chemical entities. The biopharmaceutical research is conducted in its research and development facility in Switzerland. It focuses on developing monoclonal antibodies. Apart from it, it has its R&D facilities in the UK and the US.
Salaries offered by Glenmark Pharmaceuticals
A. Entry level salaries
Glenmark is not a very good paymaster, but it provides excellent learning opportunities. Most of the recruitments are done for the sales force and sales management. The field sales officer in Glenmark gets anywhere between Rs.160,000 and Rs.278,000. This is for the entry level positions. A field sales officer has to work under area sales manager. His job is to meet physicians, doctors, surgeons, and other medical practitioners to promote sales of the prescribed drugs. It is also responsible for maintaining sufficient stock of drugs at the medical stores/chemists/drugstores.
The job of an area sales manager involves supervising the field sales officers and meeting the sales targets allotted by the district sales manager. So, an area sales manager acts as a bridge between the field sales force and the sales managers.
B. Salary of a sales manager
An area sales manager gets an average of Rs.4.4 lakh per annum. Salary typically ranges between Rs.3.52 lakh per annum and Rs.4.58 lakh per annum for this designation. A district sales manager gets around Rs.26,000 per month. Incentives are not included in it.
C. Salary of a district sales manager
The annual package of a DSM is around Rs.4.5 lakh per annum. A quality assurance supervisor gets around Rs.3 lakh per annum. The salary ranges between Rs.2.8 lakh per annum and Rs.3.2 lakh per annum for this position.
D. Salary of zonal sales manager
The zonal sales manager in Glenmark gets around Rs.5.25 lakh per annum. Salary typically ranges between Rs.5 lakh per annum and Rs.5.5 lakh per annum.
E. Salaries in non-sales departments
An assistant office support gets something around Rs.1.8 lakh per annum. So, the salaries in the non-sales departments are below the market average. It is actually much below. Export logistics manager gets a package between Rs.4.7 lakh per annum and Rs.5.2 lakh per annum. So the average salary for this designation is around Rs.5 lakh per annum.
Glenmark Pharmaceuticals is profitable and it’s expanding. Furthermore, they are offering drugs for core ailments and for the mass markets; therefore, there is no issue of any immediate cash crisis. But, their paychecks are quite disappointing. With more drugs under clinical trial and a possible market expansion, they should revise their salaries.