pacific pharmd_mba session oct 27 2016_slideshare
TRANSCRIPT
START HERE. GO ANYWHERE.
go.pacific.edu/PharmD-mba
University of the PacificPharmD/MBA Information session
October 27, 2016
Presenter:Chris Lozano
Eberhardt School Director of Student [email protected]
Why MBA? GMAC 2016 MBA Alumni Perspectives survey:
89% say FT MBA developed Qualitative analysis skills
87% say FT MBA developed Quantitative analysis skills
82% say FT MBA prepared them for leadership positions
80% say FT MBA prepared them for their chosen career
80% say FT MBA offered me opportunities for quicker career advancement
Professionally, financially, and personally rewarding
Provides access to strong learning community and network
Skills are broadly applicable- 9% of all MBA alumni are working in Healthcare/Pharmaceuticals Industry
*source: 2016 Graduate Management Admissions Council Alumni and Prospective Student Surveys
PharmD/MBA Offers Differentiation
Quick fact: Although demand is expected to grow fast (25%+), supply is growing due to more Pharmacy Schools (29%) and therefore more graduates (46% increase from 2004-’11)PharmD/MBA Signals interest, knowledge and commitment to managementCompensation one year after graduation was found to be 15% higher than PharmD alone*MBA can be completed in one additional year in most programsPacific’s MBA offers a healthcare management trackFinancial assistance often available
For more information on PharmD/MBA schedules:go.pacific.edu/pharmd-mba
*source: Impact of a Dual PharmD/MBA Degree on Graduates' Academic Performance, Career Opportunities, and Earning Potential , Elinor Chumney, Kelly Ragucci and Kathy Jones, American Journal of Pharmaceutical Education. April 2008.
Key questions about PharmD/MBA
Programs What are the Program options for PharmD/MBA?
Application and Admissions Are any admissions tests required? Are there any additional prerequisite classes for the
MBA? Cost & Financial Assistance
What are the costs for the 1 year of MBA in the dual degree PharmD/MBA ?
What types of merit-based financial assistance is available?
Other Areas What New (job) opportunities would an MBA provide
to a Pharmacist?
LinkedIn: Great Resource for Pacific PharmD/MBA Network
Other interesting profiles: Christine Ahn ‘11- Director, Value-based Care Redesign (UCLA Health), Mahan Patel ’09 ’10 - National Clinical Director (PharMerica), Erik Clausen ‘07 ‘08 - Director of Veterinary Operations (Golden Gate Pharmacy) and Jonathan “JK” Fujimoto ‘09 – Pharmacy Supervisor (CVS-La Habra)
Prerequisites Microeconomics (Econ 53 at UOP)* Macroeconomics (Econ 55 at UOP)* Probability and Statistics (Math 37 at UOP)* Business or General Calculus (Math 45 at UOP)* Completion of a Bachelor’s Degree (U.S. or equivalent) Suggested electives (based on space in your schedule)
*Faculty have recently proposed to remove all MBA Program course prerequisites
Traditional PharmD/MBA Option (A): Applied Business Principles for Pharmacy + Healthcare Elective
Week
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
MODULES + HC Course - 17 Units Total
MBA
Orientatio
n
Mgmt. Info. SystemsMW 11:00-11:45 am
Assessment
Testing
Mgmt. & Org. BehaviorTR 12:30-3:00 pm Marketing
TR 12:00-2:30 pm
Accounting for Managers MW 3:30 – 6:00 pm
FinanceMW 4:00-6:30 pm
Data and DecisionsTR 12:30-3:00 pm
Healthcare Elective Times vary, typically late morning
Career Development (Not Required for PharmD/MBA)T 10:00-11:30 am
Associate Dean’s Seminar T 6:30-8:30 pm
Remaining MBA courses for PharmacySpring Term-
MBA 18 Units*
May-Jun Jun-Aug 2nd year Pharm-Fall/Sp
ring/Sum. Term
Healthcare Finance/
InsuranceStrategy
Implementation
Global MarketingGlobal Business
Competition(Units in Spring
Term Registration)*
Recommended MBA Internship
Healthcare Area elective
Entrepreneurial Management
Quality & Productivity
1 Healthcare Area Elective
Alternative PharmD/MBA Option (B)- Begins in Year Two of PharmD
PharmD Fall – Year 2: 1 Healthcare MBA Course
PharmD Spring – Year 2: 1 Healthcare MBA Course
1st Term of MBA Year: Applied Business Principles for Pharmacy + Healthcare Elective
Week
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
MODULES + HC Course - 17 Units Total
MBA
Orientation
Mgmt. Info. SystemsMW 11:00-11:45 am
Assessment
Testing
Mgmt. & Org. BehaviorTR 12:30-3:00 pm Marketing
TR 12:00-2:30 pm
Accounting for Managers MW 3:30 – 6:00 pm
FinanceMW 4:00-6:30 pm
Data and DecisionsTR 12:30-3:00 pm
Healthcare Elective (3 Units) Times vary, typically late morning
Career Development (Not Required for PharmD/MBA)T 10:00-11:30 am
Associate Dean’s Seminar T 6:30-8:30 pm
Remaining MBA courses for MBA Year
Spring Term-MBA
18 units
May-Jun Jun-Aug
Healthcare Finance/ Insurance
Global Marketing
Global Business Competition
(Units in Spring Term Registration)*
Recommended MBA Internship
Entrepreneurial Management
Quality & Productivity
Strategic Management
International ExperienceEach year, the Global Business Competition course travels abroad for a two-week period of intensive instruction and business visits.
2013 - Shanghai and Hong Kong
2014 - Istanbul & Izmir, Turkey
2015 - Toulouse, France
2016 - La Havre, Dijon and Paris, France
2017 - Proposals Currently being Reviewed
2008 - Taiwan and Hong Kong
2009 - Panama and Costa Rica
2010 - London, England
2011 - Istanbul, Turkey
2012 - Shanghai and Beijing
How and When to Apply Apply for MBA in 3 Easy Steps for Pharmacy
Applicants Online Application usually available in late
September for the next year. Key Application Dates
Fall 2017 Round 1 - January 15 (FT Priority Review)
Round 2 - March 1 (FT MBA – All Programs)
Round 3* - June 1 (FT MBA late submission)
*Round 3 is considered on-time for Alternative PharmD/MBA for currently matriculated Pharmacy students (Plan B); however, I recommend applying as soon as you have received an interview offer for Original PharmD/MBA Program (Plan A).
APPLICATION ELEMENTS
Part 1: Complete App and Submit Online MBA Application, 2 Personal Statements and
Resume Letters of Recommendation (1 recommended) Application Fee - $50 (waived for ALL Pacific
applicants). Tip: Be sure to return to app for verification steps when you receive the app fee waiver.
Part 2: Supplemental Documents Official Transcripts (Pulled from your student records) Official GMAT (or GRE) Scores Interview (by invitation only)
2015 New FT MBA Student Profile GPA Average: 3.41 (Range 3.12 - 3.73) GMAT Average: 560 (Range 460 - 640) Average Age: 23.0 (Range 20 to 25) Average Experience: 1.0 years (Range 0 to
3) International: 18% (Up from 17% in ‘14) Female: 55% (Up from 50% in ‘14)
Costs for MBA Year for PharmD/MBA (AY 2016 -17)
Tuition- Full-time (2 semesters)* $ 44,068.00
Wellness Center Fee (9+) $ 240.00
ASUOP & Activity Fees (9+) $ 140.00
Travel – Global course (est.)** $ 3,500.00
Books & Personal (est.)** $ 5,000.00
TOTAL COSTS $ 52, 948.00
* MBA Courses taken in PharmD may require overload at Pharmacy Tuition Rates
**Costs may vary by location and required texts/cases.
Scholarships and Assistantships Eberhardt Merit Scholarships
Joseph Kaeslin Memorial Endowed Scholarship Edward M. Nagel Scholarships Robert and Frances Ferguson MBA Endowed Scholarship Credit Bureau of San Joaquin Endowed Scholarship Marian & George Malloy Endowed MBA Scholarship
PharmD/MBA Merit-Based Scholarship Long Foundation(s) scholarships for PharmD/MBA Students
MBA Merit-Based Graduate Assistantships 1/3 Tuition Assistantship 1/2 Tuition Eberhardt Scholars Assistantship
Private Scholarships ACHE – Albert W. Dent and Foster G. McGaw scholarships
(ache.org.Students)
Time for some Q & A
For more information
Call: 209.946.2629
E-mail: [email protected]
Web: go.pacific.edu/mbaOffice: Weber Hall, Suite 206
(Student Services)
Presentation available at Slideshare.net/clozano67
START HERE. GO ANYWHERE.
go.pacific.edu/mba
Eberhardt School of Business