START HERE. GO ANYWHERE. go.pacific.edu/mba Information Session for PharmD/MBA & Healthcare MBA November 11, 2014 Presenters: Chris Lozano – Eberhardt Director of Student Recruitment Vanessa Fillmore – Current MBA Student Peter Hilsenrath – Joseph M. Long Chair of Healthcare Management
This is a copy of the presentation used in a recent PharmD_MBA Information Session-November 2014. Key topics covered included: The Changing Healthcare Environment and Role of Pharmacists, the Dual-degree Program options, MBA Admissions, and MBA Costs and availability of merit-based assistance.
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Transcript
START HERE. GO ANYWHERE.
go.pacific.edu/mba
Information Session for
PharmD/MBA & Healthcare MBANovember 11, 2014
Presenters:Chris Lozano – Eberhardt Director of Student
RecruitmentVanessa Fillmore – Current MBA Student
Peter Hilsenrath – Joseph M. Long Chair of Healthcare Management
Welcome to the MBA Information Session
What to Expect in an MBA Program PharmD/MBA Program Options MBA Tracks and Elective areas The Changing Environment for
Pharmacists MBA Application and Admission
Criteria Costs and Financial Assistance Questions & Answers
Presenter and Student Introductions
Name
Undergraduate
major/concentration(s)/minor(s)
Reasons for considering an MBA- Career,
Money, Love?
MBA focus area(s) of interest, if known-
Finance, Marketing, Entrepreneurship,
Healthcare, Sport Management
Your comments & questions
Programs How long to finish? FT? What are the Program options for PharmD/MBA?
Application and Admissions Application and Acceptance processes Can we take the GRE instead of GMAT? Do Pacific undergrads have an advantage over non-
Pacific undergrads? How do letters of recommendation effect
acceptance into a program? Do we need to have all of our prerequisite classes
completed before we can apply for the program?
Your comments & questions (cont.) Cost & Financial Assistance
Info. on Assistantships Cost, Financial Aid and Loans What is the total cost of tuition for the accelerated
program? Other Areas
What is expected as a graduate student? Where would the abroad trip be? Are we allowed to
“Demand is also increasing in managed care organizations where pharmacists analyze trends and patterns in medication use, and in pharmacoeconomics—the cost and benefit analysis of different drug therapies. New jobs also are being created in disease management—the development of new methods for curing and controlling diseases—and in sales and marketing. Rapid growth is also expected in pharmacy informatics—the use of information technology to improve patient care.” - Occupational Outlook Handbook 2010
Impact of Affordable Care Act Healthcare spending growth will
Pharmacists in primary care such as MTM & retail clinics
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)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.
MBA Application Form, 2 Personal Statements and Resume
Official Transcripts (all Universities attended) Letters of Recommendation (2
recommended) Official GMAT (or GRE) Scores Application Fee - $50 (waived for Pacific
applicants) Interview (by invitation only)
ADMISSIONS CRITERIA
Academic Record (Grade trends,
curriculum)
GMAT (or GRE) Scores
Work/Volunteer experience
Personal Statements
Recommendations
Interviews (if required)
MBA Admissions Formula Score
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)
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 (37units).
Scholarships and Assistantships – FT Only
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