Undergraduate Programs:
School of Life Sciences
School of Business
Postgraduate Program:
Professional Program:
Pharmacist Professional (Apoteker)
Mastering Financial Management in the Innovation-Driven Industry
Monday, June 23, 2025 — In today’s fast-evolving world, finance is no longer confined to spreadsheets and balance sheets. It is a strategic enabler that connects science, policy, business and innovation, regardless of the industry. Whether you’re from life-science industries such as biotechnology, pharmaceuticals, or are from the non life-science industries like banking, IT, logistics, engineering, or finance, understanding the financial mechanisms behind growth, sustainability, and risk is essential for leadership.financial literacy is just as critical as scientific expertise.
Master’s level, Financial Management equips professionals not just to manage money, but to build sustainable, high-impact ventures. For professionals, this means mastering the unique financial challenges and opportunities that define the industry. Financial fluency becomes the common language that unites cross-functional teams and drives strategic impact.
Whether you’re launching a clinical trial, managing a blockchain startup, overseeing infrastructure projects, or optimizing a logistics hub, budgeting is more than setting spending limits. It’s about creating a strategic roadmap that aligns scientific ambition with financial reality it’s about building a roadmap that aligns ambition with economic reality.
Key skills include:
Regardless of the sector, professionals must master tools like:
The ability to read and analyze financial statements such as income statements, balance sheets, and cash flow reports is essential for professionals within industries. These skills enable managers to effectively communicate with investors, grant funders, and other stakeholders, while also evaluating the financial health of a project, department, or organization. By understanding key financial indicators, professionals can make informed decisions that align scientific goals with long-term business sustainability. In this context, financial data is more than just numbers; it represents the ability to maintain research continuity, support patient access, and ensure the overall viability of innovations in the market. Financial data becomes a strategic asset.
Break-even points are crucial for managers in the life sciences industry to determine when a new drug, diagnostic tool, or health service will begin generating profit. This is especially important in sectors where regulatory approvals can take years, fixed costs are high, and early-stage revenues are uncertain. Break-even analysis helps organizations make smarter decisions about pricing, partnerships, and which products to prioritize in the development pipeline. By identifying the point where total costs are covered by revenues, managers can better plan for sustainability and ensure the long-term success of their innovations in the market.
Break-even analysis is essential not only in life sciences (to evaluate drug or device commercialization) but also in:
Professionals use break-even points to decide when to launch, scale, pause, or pivot making it a universal metric for sustainability and success.
From Indonesia’s Danantara Sovereign Wealth Fund to the growth of ESG investments and digital payment infrastructure (QRIS), it’s clear that finance and innovation are increasingly intertwined.
Financially literate professionals are better positioned to:
At the Indonesia International Institute for Life Sciences (i3L), our Master in Biomanagement (MBM) is built for professionals across industries who aim to integrate finance, science, strategy, and sustainability in their leadership journey.
Our Financial Management course teaches you to:
About Master in Biomanagement
Master in BioManagement is a specialized program that combines scientific knowledge roles in the life science industry. With the growing demand for life science products and services, this program offers excellent career prospects for those interested in science and business.
Upon completion of a Master in BioManagement program, graduates are well-equipped to pursue a variety of careers and may work in management positions in biotech companies, startups, pharmaceutical companies, research institutions, or government agencies, careers in areas such as product development, project management, regulatory affairs, technology transfer, marketing, and business development are common for graduates of this program.
Undergraduate Programs:
School of Life Sciences
School of Business
Postgraduate Program:
Professional Program:
Pharmacist Professional (Apoteker)
Undergraduate Programs:
School of Life Sciences
School of Business
Postgraduate Program:
Professional Program: