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University of the PacificPharmD/MBA Programs

September 21, 2016

Presenter:Chris Lozano

Eberhardt School Director of Student Recruitmentclozano@pacific.edu

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 programsFinancial 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?

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

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)

Raj Gandhi- 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

Formerly 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

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

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 After completing your advancement

application, Start your MBA application for the earliest possible Round.

Online Application available at Eberhardt MBA website usually in late September for the next year.

Key Application DatesFall 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

Online MBA Application, 2 Personal Statements and Resume

Official Transcripts (Pulled from your student records)

Letters of Recommendation (2 recommended) Official GMAT (or GRE) Scores Application Fee - $50 (waived for ALL Pacific

applicants) 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

*Costs 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: 209.946.2629or

800.952.3179

E-mail: mba@pacific.edu

Web: go.pacific.edu/mbaOffice: Weber Hall, Suite 206

START HERE. GO ANYWHERE.

go.pacific.edu/mba

Eberhardt School of Business