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START HERE. GO ANYWHERE.
go.pacific.edu/mba
University of the PacificPharmD/MBA Programs
June 1, 2016
Presenter:Chris Lozano
Eberhardt School Director of Student [email protected]
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
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*MBA aan 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.
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?
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)
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
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
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)* - Econ 2510 at CSU Stanislaus
Macroeconomics (Econ 55 at UOP)* - Econ 2500 at CSU Stanislaus
Probability and Statistics (Math 37 at UOP)* - Math 1600 at CSU Stanislaus
Business or General Calculus (Math 45 at UOP)* - Math 1410 at CSU Stanislaus
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
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
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
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.
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
How and When to Apply Complete PharmCAS and Pharmacy
Supplemental applications for earliest possible tier.
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 for main PharmD/MBA Program (Plan A).
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)
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)
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. **MBA year tuition and fee expenses for
PhramD/MBA are approx. $48,000 (36 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
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: [email protected]
Web: go.pacific.edu/mbaOffice: Weber Hall, Suite 206
START HERE. GO ANYWHERE.
go.pacific.edu/mba
Eberhardt School of Business
