Program Goals & Objectives
The goal of the PharmD/MBA Joint Degree program is to educate students to assume responsibilities as executives and managers in the pharmaceutical industry and in health care delivery systems that provide pharmacy services to patients. The programs directed toward providing didactic and experiential education to students that will allow them to: (1) understand of the major functional areas in administering organizations and managing patient care systems; and, (2) design and implement strategies and policies that produce effective management practices within changing health care environments.
This program leads to a single degree (PharmD/MBA) awarded jointly by the Lloyd L. Gregory School of Pharmacy and the Rinker School of Business. No degree is awarded until the student completes the entire program and meets all requirements of the PharmD/ MBA joint degree. Candidates must first secure entrance into the Doctor of Pharmacy degree program in the School of Pharmacy. After successful completion of the first year of professional pharmacy coursework and the pre-requisite business courses required for prospective MBA students, pharmacy students may apply to the Rinker School of Business for admission to the PharmD/MBA joint degree program. Upon admission to the joint degree program, students continue in the PharmD curriculum while beginning to complete business course requirements as time and schedules permit.
The approximate time required to complete all professional and graduate coursework is five years. Degree requirements for the joint program include 146 credits of pharmacy professional coursework, 12 credits of undergraduate business prerequisites, and 27 credits of graduate business coursework.
The following 14 credits of professional pharmacy coursework substitute for 12 credits of graduate business courses.
Experiential Rotation in Pharmacy Management (one of the following):
PHR 4604 Community Administration 4
PHR 4605 Community Management 4
PHR 4607 Hospital Administration Pharmacy Coursework 4
PHR 1242 Communication Skills in Healthcare 3
PHR 3103 Servant-leadership and Pharmacy Management 3
PHR 3222 Pharmacoeconomics 2
PHR 2102 Pharmacy and Healthcare Delivery Systems 2
The PharmD/MBA joint degree program is not open to students who have already earned either one of the degrees.
PharmD/MBA Admission Requirements
Before applying to the Rinker School of Business for admission to the PharmD/MBA joint degree program, the candidate must secure a letter of recommendation from the Dean of the School of Pharmacy indicating that the student is in good academic standing and possesses academic ability and professional bearing sufficient to succeed in the program. Pharmacy students will not be permitted to enroll in the PharmD/MBA joint degree program without written authorization from the Dean.
Admission to PharmD/MBA joint degree program is very selective. Pharmacy students should express their interest in this program during the first professional year and seek the advice of their advisors, the Dean of the School of Pharmacy, and the Director of the MBA program in the Rinker School of Business. Applicants who have at least a 3.0 grade point average or higher and a Graduate Management Admission Test (GMAT) score greater than 500 are especially encouraged to apply. Applicants may take the GMAT at any time prior to applying for the program in the second professional year of the Doctor of Pharmacy program. Applicants for admission must submit satisfactory scores on the GMAT as well as transcripts for all previous academic work. Details regarding the GMAT can be obtained at www.gmac.com.
Business Coursework for the PharmD/MBA Degree
(In addition to the standard Pharm.D. curriculum)
A grade of at least “C” and a GPA of at least 2.0 on a four-point scale is required for “successful” completion of all pharmacy and graduate business coursework.
Undergraduate Business Prerequisites
(These courses must be completed prior to admission into the PharmD/MBA Joint Degree program.)
ACG 2013 Financial Accounting
ACG 2023 Managerial Accounting
BUS 2013 Business Statistics
CIS 2133 Information Systems for Business
Graduate Business Courses
(These course are completed after the admission into the PharmD/MBA Joint Degree program
either during or following completion of the pharmacy curriculum listed above.)
ACG 5033 Advanced Managerial Accounting
BUS 5043 Quantitative Methods
BUS 5053 Marketing Management
BUS 5063 Corporate Finance
BUS 5073 Contemporary Leadership in Management
BUS 5093 Corporate Strategies
BUS 5103 International Business
BUS 5363 Integrated Marketing Communications
BUS 5623 Business Research Methods
Completion of the Major Field Achievement Test (MFAT)
There are a variety of scheduling options for successfully completing the PharmD/MBA joint degree coursework. In most cases, an additional one or two semesters after completing all pharmacy coursework will be necessary to finish the requisite business courses. The time required will depend upon the student’s initiative in scheduling business courses while still completing pharmacy courses, either during summer sessions or during a fall or spring semester. To increase the likelihood of success and preventing students from overextending themselves academically, each student will be required to design a complete course sequence for both pharmacy and business courses before commencing the program. This plan must be formulated in consultation with and authorized by the student’s pharmacy advisor. After being formally accepted into the joint degree program by the School of Business, the student will not be allowed to enroll in business courses until the proposed course schedule has been approved by the Director of the MBA Program and the Dean of the School of Pharmacy.