PharmD_MBA pre-pharmacy (UCR)
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Transcript of PharmD_MBA pre-pharmacy (UCR)
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START HERE. GO ANYWHERE.
go.pacific.edu/mba
University of the PacificPharmD/MBA Programs
March 2016
Presenter:Chris Lozano
Eberhardt School Director of Student [email protected]
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Why MBA? Practical leadership and management skills
“Still in very scarce supply” (Harvard Business Review, 2014)
Access to learning community and alumni network
GMAC 2014 MBA graduate survey: 92% say MBA prepared them for leadership
positions 88% say MBA prepared them for their career 82% say MBA prepared them to manage
work/life balance 71% say MBA allowed them to achieve an
otherwise unattainable career outcome (GMAC, 2014)
Professionally, financially, and personally rewarding
Broadly applicable
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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.
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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?
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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
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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
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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)
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Prerequisites Microeconomics (Econ 53 at UOP)* - Econ 3 at UCR Macroeconomics (Econ 55 at UOP)* - Econ 1 or 2 or 4 at
UCR Statistics (Math 37 at UOP)* - Stats 48 or Stats 100A at
UCR Calculus (Math 45 at UOP)* - Math 8B or 9A, and 9B at
UCR Completion of a Bachelor’s Degree (U.S. or equivalent) Suggested electives (based on space in your schedule)
*AP units or equivalent courses at a CC or Online are also acceptable
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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
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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
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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
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International ExperienceEach year, the Global Business Competition course travels abroad for a two-week period of intensive instruction and business visits.
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
2016 – La Havre, Dijon and Paris, 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
2008 - Taiwan and Hong Kong
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How and When to Apply
Online Application available at Eberhardt MBA website beginning October 15, 2016.
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 (Plan A).
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APPLICATION ELEMENTS
Online MBA Application, 2 Personal Statements and Resume (Same system as Pharmacy Supplemental app.)
Official Transcripts (Pulled from PharmCAS app.) Letters of Recommendation (2 recommended) Official GMAT (or GRE) Scores Application Fee - $50 (waived for ALL PharmCAS
applicants) Interview (by invitation only)
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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)
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16-month Total Program Costs (AY 2015 -16)
Tuition- $1,325/unit** $ 63,636.00
Wellness Center Fee (9+) $ 360.00
ASUOP & Activity Fees (9+) $ 420.00
Travel – Global course (est.)* $ 3,500.00
Books & Personal (est.)* $ 7,500.00
TOTAL COSTS $ 75, 416.00
*Costs vary by location and required texts. **PharmD/MBA tuition and fee expenses
are approximately $48,000 for MBA year (36 units).
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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
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Time for some Q & A
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For more information
Call: 209.946.2629or
800.952.3179
E-mail: [email protected]
Web: go.pacific.edu/mbaOffice: Weber Hall, Suite 206
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Why the Eberhardt Graduate Programs in Healthcare ?
One of a only few Healthcare Management Programs (and only PharmD/MBA) in an AACSB accredited school in Northern California
Ranked as #9 Most Diverse Business School by Businessweek Member of AUPHA- Assoc. of University Programs in Healthcare
Advanced management training with opportunity for individual focus within General Management or Healthcare tracks
International study experience
Dedicated Eberhardt Career Management staff
Small Interactive Classes (Average - about 20)
Dual & Cooperative Programs: JD/MBA, PharmD/MBA & Peace Corps New Master of Accounting (MAcc) students add new perspectives
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START HERE. GO ANYWHERE.
go.pacific.edu/mba
Eberhardt School of Business