pharmd_mba for pre-pharm clubs mar_15
TRANSCRIPT
START HERE. GO ANYWHERE.
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University of the Pacific
PharmD/MBA ProgramsMarch 23, 2015
Presenter:
Chris LozanoEberhardt School Director of Student Recruitment
Key questions about PharmD/MBA
Programs What are the Program options for PharmD/MBA?
Application and Admissions Can we take the GRE instead of GMAT? Do we need to have all of our prerequisite classes
completed before we can apply for the program? Cost & Financial Assistance
What is the total cost of tuition for the 1 year of MBA in 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?
Christine Nguyen ’10 PharmD/MBA
Vice President, Trade Relations at EnvisionRx Options Envision is a Pharmacy Benefits Management (PBM)
Company Envision was recently acquired by RiteAid and recently
acquired MedTrak
Christine’s Key Responsibilities: Manages manufacturer contracts and rebate administration
operations Coordinates Pharmacy benefits for companies as a 3rd Party
administrator Leverages relationships with drug manufacturers like Astra
Zeneca and Pfizer to provide drug cost savings and key disease management programs for company partners
Benefits of PharmD/MBA Acc. to Christine MBA opened doors otherwise not available to her (outside of
clinical) Learned she is capable of handling larger course loads Provided a well-rounded educational background
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*Can be completed in one additional yearFinancial assistance often available
For more information on PharmD/MBA schedules:Pacific web page: 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.
Prerequisites
Microeconomics – Econ 53*
Macroeconomics – Econ 55*
Probability and Statistics – Math 37*
Business or General Calculus – Math 45*
Completion of a Bachelor’s Degree (U.S. or equivalent)
Suggested electives (based on space in your schedule)
*AP units or equivalent course are also acceptable
First Term: 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 - 17 Units Total
MBA
Orientation
Mgmt. Info. SystemsMW 4:00-6:30 pm
Assessment
Testing
MarketingTR 3:30-6:00 pm
Accounting for Managers MW 6:30 – 9:00 pm
FinanceMW 7:00-9:30 pm
Data and DecisionsTR 12:30-3:00 pm
Mgmt. & Org. BehaviorTR 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 Pharmacy
Spring Term-MBA
May-Jun Jun-Aug 2nd year Pharm-Fall/ Winter Term
Healthcare Finance/
Insurance
Strategy Implementation
Global Marketing
Global Business Competition
Recommended MBA Internship
Healthcare Area elective*
Entrepreneurial Management
Quality & Productivity
1 or 2 Healthcare Area Electives*
*The 2nd healthcare elective may be taken either semester
International Experience
Each year, the Global Business Competition course travels abroad for a two-week period of intensive instruction and business visits.
2008 - Taiwan and Hong Kong
2009 - Panama and Costa Rica
2010 - London, England
2011 - Istanbul, Turkey
2012 - Shanghai and Beijing
2013 - Shanghai and Hong Kong
2014 - Istanbul & Izmir, Turkey
2015 – Toulouse, France
1997 - Singapore and Malaysia
1998 - Chile
1999 - Spain
2000 - Ireland
2001 - U.K. and France
2002 - Estonia and Finland
2003 to 2005 - E.M. Lyon
2006 & 2007 - Taipei, Taiwan
Career Management Services for MBAs
MBA Career Development Module
Individual Career Management Planning with
a dedicated career services professional
Required MBA Internship for Accelerated MBA
program except for Dual-degree Programs
Focus on mastering critical tactical skills
necessary for career success and to manage
your career pathway
Raj Ghandi- PharmD ‘09/MBA ‘10
Senior Pharmacy Manager at United HealthCare Alliance (UHA) UHA is a Physician Network and medical foundation partnered with
Stanford Healthcare and Stanford Medicine
Raj’s Key Responsibilities: Developing, Implementing, Managing and Assessing Medicare
Advantage pharmacy utilization management programs to improve quality and cost-effectiveness
Form. at MedImpact as Clinical Program Manager he optimized clinical quality and cost-effectiveness for MedImpact clients. Also, created analytics of claims data and performance indicators to identify and promote performance improvement opportunities.
Other Keys to Raj’s Success Completed a 1 year Managed Care Residency after completing
PharmD and before completing MBA Published article on Pulmonary Arterial Hypertension Constantly improving skills and developing new relationships
LinkedIn: Great Resource for Pacific PharmD/MBA Network
Other interesting profiles: Christine Ahn ‘11- Lean Specialist, Erik Clausen ’07, ’08 -
Director of Veterinary Operations and Jonathan “JK” Fujimoto ‘09 – Pharmacy Supervisor
How and When to Apply
Online Application available at Eberhardt MBA website beginning October 15, 2014.
Key Application Dates
Fall 2015 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; however, recommend applying as soon as you have received an interview offer.
APPLICATION ELEMENTS
MBA Application Form, 2 Personal Statements and Resume
Official Transcripts (Pulled from PharmCAS application)
Letters of Recommendation (2 recommended)
Official GMAT (or GRE) Scores Application Fee - $50 (waived for ALL
PharmCAS applicants) Interview (by invitation only)
2014 New FT MBA Student Profile
GPA Average: 3.45 (Range 3.21 - 3.69)
GMAT Average: 648 (Range 570 - 740)
Average Age: 22.7 (Range 21 to 27)
Average Experience: 1.2 years (Range 0 to
7)
International: 17% (Up from 14% in ‘13)
Female: 50% (Down from 52% in ‘13)
16-month Total Program Costs (AY 2014 -15)
Tuition- $1,276/unit** $ 63,345.00
Wellness Center Fee (9+) $ 360.00
ASUOP & Activity Fees (9+) $ 420.00
Travel – Global course (est.)* $ 3,000.00
Books & Personal (est.)* $ 7,500.00
TOTAL COSTS $ 74, 625.00
*Costs vary by location and required texts. **PharmD/MBA tuition and fee expenses
are approximately $46,000 for MBA year (37 units).
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
Time for some Q & A
For more information
Call: 209.946.2629or
800.952.3179
E-mail: [email protected]
Web: go.pacific.edu/mba
Office: Weber Hall, Suite 206
START HERE. GO ANYWHERE.
go.pacific.edu/mba
Eberhardt School of Business