Specialized degree combining a Pharmacy degree and an MBA
The major goal of the joint Doctor of Pharmacy/Masters of Business Administration (PharmD/MBA) program is to educate student pharmacists to assume responsibilities as managers, administrators, consultants, and executives in health care systems designed to provide health care to their patients.
Pharmacy can be described is a multi-faceted profession in that it involves both clinical and managerial skills and responsibilities. Those students who wish to lead in their healthcare environments and have a competitive advantage in terms of technical acumen and managerial prowess should explore the dual degree which combines the Doctor of Pharmacy (PharmD) and the Masters of Business Administration (MBA) course content.
UC’s joint PharmD/MBA Program allows pharmacy students to complete their MBA at the same time they are completing their PharmD program. Students apply in the spring of their P1 year (first year of pharmacy school).
Health care managers need a broad organizational overview to successfully plan, organize, lead, and control in the dynamic health care environment. They need to know how to motivate, lead, and work with others to accomplish organizational and personal objectives.
To this end, the program is directed toward providing the education students need to develop an understanding of the major functional areas in health care organizations, and to design strategic plans and policies to cope with the changing pharmaceutical and health care environments. By combining a “generalist” management degree with a Doctor of Pharmacy degree, students will gain the requisite skills to do this and will realize additional career opportunities upon graduation.
The dual degree is designed to aid students who seek positions of management and leadership that require a combination of patient care and management skills.
Examples of these positions include, but are not limited to:
- Pharmaceutical Marketing
- Institutional formulary development and management
- Chain or Independent store pharmacy management
- Pharmacoeconomics in industry and managed care
- Managed Care Management
- Management of any health care institution (hospital, health-system, etc)
- Professional association work (e.g., APhA, NCPA)
- Outcomes research
- Monitoring clinical trials
- Project management in health care
- Teaching in a college of pharmacy
Today’s healthcare managers need a broader organizational overview to successfully plan and control their respective areas of authority and responsibility. They need to know how to motivate, lead, and work with people around them to accomplish organizational and personal objectives. The MBA degree is ideal in that the student pharmacist will acquire these skills to be competitive in the rapidly changing health care environment.
Advantages of the UC PharmD/MBA Program:
- Significant reduction in cost of obtaining the MBA degree
- Professional career training
- Sequential program allowing completion concurrent to earning the PharmD degree
- Individual instruction and small classes
- No need to relocate job, family, or home
- Hybrid based instruction in that student pharmacists will meet in-seat one night per week for eight weeks during the semester. In addition, there is an on-line component to each course. Student pharmacists will attend classes during either the first or second eight weeks of each semester in which they have pharmacy courses.
Please refer to the University of Charleston School of Business for further details on the MBA Program.
Applicants must be a full-time P1 student at UCSOP with a minimum of a 3.00 cumulative grade point average at the time of application AND at the end of the P1 year. (Having a 3.0 grade point average during the first two semesters of the pharmacy program does not guarantee admittance.) A minimum of four students is needed to administer a PharmD/MBA cohort and no more than five students will be admitted each year. On successful completion of PharmD and MBA, both degrees will be conferred together at the UC spring commencement.
MBA Application Requirements:
- A completed MBA Application.
- A personal statement that discusses career goals and other relevant information (question #24 on the MBA application).
- Three recommendations (one from your pharmacy advisor, one from another pharmacy faculty member, and one from an employer or non-UCSOP faculty member); recommendation forms can be found on the UC MBA website.
- Submit a letter of good academic/professional standing from the Dean of the UCSOP.
- Submit all graduate and undergraduate transcripts (can be copies from your UCSOP admissions file).
- A cumulative GPA of at least 3.0 in undergraduate work (may be waived for PharmD students).
- Submit a current Resume.
- Complete a Personal Interview with the MBA Program Director.
- A bachelor’s degree from a regionally accredited institution (waived for qualified PharmD students).
- At least three years of professional work experience. UC PharmD students satisfy requirement through Introductory Pharmacy Practice Experience (IPPE) and Advanced Pharmacy Practice Experience (APPE).
- Undergraduate business prerequisites of Accounting, Economics, and Statistics (3 credit hours each); PharmD students missing the accounting pre-requisite must successfully complete an approved undergraduate Principles of Accounting course or Massive Open Online Course (MOOC) the summer prior to starting MBA coursework.
All application materials must be submitted to the UCSOP Office of Professional and Student Affairs (OPSA) no later than the deadline that will be announced at the start of each fall semester.