PharmD_MBA for pre-pharm clubs MAR_15
Transcript of PharmD_MBA for pre-pharm clubs MAR_15
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START HERE. GO ANYWHERE.
go.pacific.edu/mba
University of the Pacific
PharmD/MBA ProgramsMarch 23, 2015
Presenter:
Chris LozanoEberhardt School Director of Student Recruitment
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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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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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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
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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
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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
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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
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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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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- Lean Specialist, Erik Clausen ’07, ’08 -
Director of Veterinary Operations and Jonathan “JK” Fujimoto ‘09 – Pharmacy Supervisor
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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.
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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)
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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)
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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).
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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/mba
Office: Weber Hall, Suite 206
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START HERE. GO ANYWHERE.
go.pacific.edu/mba
Eberhardt School of Business