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START HERE. GO
ANYWHERE.
go.pacific.edu/mba
University of the Pacific
PharmD/MBA Programs
March 2017
Presenter:
Chris Lozano
Eberhardt School Director of Student Recruitment
clozano@pacific.edu
Why MBA?
 GMAC 2016 MBA Alumni Perspectives survey:
 89% say FT MBA developed Qualitative analysis skills
 87% say FT MBA developed Quantitative analysis
skills
 82% say FT MBA prepared them for leadership
positions
 80% say FT MBA offered me opportunities for quicker
career advancement
 Professionally, financially, and personally rewarding
 Provides access to strong learning community and
network
 Skills are broadly applicable- 9% of all MBA alumni are
working in Healthcare/Pharmaceuticals Industry
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
management
Compensation one year after graduation from both programs
was found to be 15% higher*
Can be completed in one additional year (4 years total)
Financial 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-HC
Management Track
 Programs
 What are the Program options for PharmD/MBA?
 What is Structure for 16-month Early Advantage MBA?
 Application and Admissions
 Are any admissions tests required?
 Are there any prerequisite classes for the MBA?
 Cost & Financial Assistance
 What are the costs for the 1 year of MBA in the dual degree
PharmD/MBA ? For 16-month MBA?
 What types of merit-based financial assistance are available?
 Other Areas
 What New (job) opportunities would an MBA provide to a
Pharmacist specifically? In the HC Industry generally?
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 –
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)
Raj Ghandi- PharmD ‘09/MBA
‘10
 Senior Associate Director, Account Medical Advisor at
Boehringer Ingelheim (BI)
 BI is a German - based Pharmaceutical Company focused on developing
value-based health solutions for people and animals.
 Raj’s Key Responsibilities:
 Provide timely and appropriate scientific information including data, BI’s
pipeline to key decision makers and medical and commercial team
members.
 Assess and understand account strategies for disease management,
treatment protocols and the patient journey.
 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
Not Prerequisites but
Suggested
 Microeconomics* - Econ 20A or Econ 26A at UCI
 Macroeconomics* - Econ 1 or 20B or H190B at UCI
 Statistics* - Stats 7 or Stats 8 at UCI
 Calculus* - Math 2A, 2B at UCI
 Completion of a Bachelor’s Degree (U.S. or equivalent)
 Suggested electives (based on space in your schedule)-
Business Law, Basic Accounting, and/or Management
*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+HCCourse-17UnitsTotal
MBAOrientation
Mgmt. Info. Systems
MW 11:00-11:45 am
AssessmentTesting
Mgmt. & Org. Behavior
TR 12:30-3:00 pm
Marketing
TR 12:00-2:30 pm
Accounting for Managers
MW 3:30 – 6:00 pm
Finance
MW 4:00-6:30 pm
Data and Decisions
TR 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 Full-time
Programs
 MBA Career Development Module
 Individual Career Management Planning with a
dedicated career professional
 Required MBA Internship for 16-month MBA
program
 Meet the Firms Event for all MBA and MAcc
Students
Remaining MBA courses for
Pharmacy
Spring Term-
MBA
18 Units*
May-Jun Jun-Aug 2nd year Pharm-
Fall/Spring/Sum.
Term
Healthcare Finance/
Insurance
Strategy
Implementation
Global Marketing
Global Business
Competition
(Units in Spring
Term Registration)*
Recommended
MBA Internship
Healthcare Area
elective
Entrepreneurial
Management
Quality &
Productivity
1 Healthcare Area
Elective
International Experience
Each year, the Global Business Competition course
travels abroad for a two-week period of intensive
instruction and business visits.
2013 - Shanghai and Hong Kong
2014 - Istanbul & Izmir, Turkey
2015 - Toulouse, France
2016 - La Havre, Dijon and Paris, France
2017 - Spain
2008 - Taiwan and Hong Kong
2009 - Panama and Costa Rica
2010 - London, England
2011 - Istanbul, Turkey
2012 - Shanghai and Beijing
Alternative PharmD/MBA Option (B)-
Begins in Year Two of PharmD
 PharmD Fall – Year 2: 1 Healthcare MBA
Course
 PharmD Spring – Year 2: 1 Healthcare MBA
Course
MBA Year (Year 3 of 4): Applied Business
Principles for Pharmacy + Healthcare Elective
Wee
k
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
MODULES+HCCourse-17UnitsTotal
MBAOrientation
Mgmt. Info. Systems
MW 11:00-11:45 am
AssessmentTesting
Mgmt. & Org. Behavior
TR 12:30-3:00 pm Marketing
TR 12:00-2:30 pm
Accounting for Managers
MW 3:30 – 6:00 pm
Finance
MW 4:00-6:30 pm
Data and Decisions
TR 12:30-3:00 pm
Healthcare Elective (3 Units)
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
Remaining MBA courses for MBA
Year
Spring Term-MBA
18 units
May-Jun Jun-Aug
Healthcare Finance/
Insurance
Global Marketing
Global Business
Competition
(Units in Spring Term
Registration)*
Recommended MBA
Internship
Entrepreneurial
Management
Quality & Productivity
Strategic Management
How and When to Apply
 Complete PharmCAS with Pharmacy Supplemental
questions for earliest possible tier.
 MBA Online Application available on Instructions for
Pharmacy Applicants page beginning October 15,
2017*.
 Key Application Dates
Fall 2018 Round 1 - January 15 (FT Priority Review)
Round 2 - March 1 (FT MBA – All Programs)
Round 3** - June 1 (FT MBA late
submission)
* I recommend applying as soon as you have received an interview offer (Plan
APPLICATION ELEMENTS
Step 1: Complete Application and Submit
 Online MBA Application, 2 Personal Statements and
Resume
 Letters of Recommendation (At least 1 addl. recommended)
 Application Fee - $50 (Waived for ALL PharmD/MBA
applicants)
Step 2: Supplemental Documents
 Official Transcripts from all institutions (incl. transfer)-
Pulled from PharmCAS application
 Official GMAT (or GRE) Scores
 Interview (by invitation only)
2016 New FT MBA Student
Profile
 GPA Average: 3.44 (Range 3.10 - 3.72)
 GMAT Average: 541 (Range 440 - 670)
 Average Age: 23.4 (Range 21 to 26)
 Average Experience: < 1 year (Range 0 to 4)
 International: 13% (Down from 18% in ‘15)
 Female: 50% (Same in ‘15)
Costs for Graduate Business Programs (AY 2016 -17)
Please see the
MBA & MAcc Cost & Financial Aid
Page for the latest Information
Costs for MBA Year for PharmD/MBA (AY 2016
-17)
Tuition- Full-time (2 semesters)* $ 44,068.00
Wellness Center Fee (9+) $ 240.00
ASUOP & Activity Fees (9+) $ 140.00
Travel – Global course (est.)** $ 3,500.00
Books & Personal (est.)** $ 5,000.00
TOTAL COSTS $ 52, 948.00
* MBA Courses taken in PharmD may
require overload at Pharmacy Tuition
Rates
**Costs may vary by location and required
texts/cases.
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
Why the Eberhardt Graduate Programs in Healthcare
?
 One of a only few Healthcare Management Programs (and only
PharmD/MBA) in an AACSB accredited school in Northern California
 Ranked as #9 Most Diverse Business School by Businessweek
 Member of AUPHA- Assoc. of University Programs in Healthcare
 Advanced management training with opportunity for
individual focus within General Mgmt. or Healthcare Mgmt. tracks
 International study experience
 Dedicated Eberhardt Career Management staff
 Small Interactive Classes (Average - about 20)
 Dual & Cooperative Programs: JD/MBA & PharmD/MBA
 New Master of Accounting (MAcc) students add new perspectives
For more information
Call: 209.946.2629
E-mail: mba@pacific.edu
Web: go.pacific.edu/mba
Office: Weber Hall, Suite 206
(Student Services)
Presentation available at
Slideshare.net/clozano67
START HERE. GO
ANYWHERE.
go.pacific.edu/mba
Eberhardt School of Business

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PharmD/MBA for UCI pre-pharmacy club MAR 17

  • 1. START HERE. GO ANYWHERE. go.pacific.edu/mba University of the Pacific PharmD/MBA Programs March 2017 Presenter: Chris Lozano Eberhardt School Director of Student Recruitment clozano@pacific.edu
  • 2. Why MBA?  GMAC 2016 MBA Alumni Perspectives survey:  89% say FT MBA developed Qualitative analysis skills  87% say FT MBA developed Quantitative analysis skills  82% say FT MBA prepared them for leadership positions  80% say FT MBA offered me opportunities for quicker career advancement  Professionally, financially, and personally rewarding  Provides access to strong learning community and network  Skills are broadly applicable- 9% of all MBA alumni are working in Healthcare/Pharmaceuticals Industry
  • 3. 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 management Compensation one year after graduation from both programs was found to be 15% higher* Can be completed in one additional year (4 years total) Financial 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.
  • 4. Key questions about PharmD/MBA-HC Management Track  Programs  What are the Program options for PharmD/MBA?  What is Structure for 16-month Early Advantage MBA?  Application and Admissions  Are any admissions tests required?  Are there any prerequisite classes for the MBA?  Cost & Financial Assistance  What are the costs for the 1 year of MBA in the dual degree PharmD/MBA ? For 16-month MBA?  What types of merit-based financial assistance are available?  Other Areas  What New (job) opportunities would an MBA provide to a Pharmacist specifically? In the HC Industry generally?
  • 5. 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 –
  • 6. 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)
  • 7. Raj Ghandi- PharmD ‘09/MBA ‘10  Senior Associate Director, Account Medical Advisor at Boehringer Ingelheim (BI)  BI is a German - based Pharmaceutical Company focused on developing value-based health solutions for people and animals.  Raj’s Key Responsibilities:  Provide timely and appropriate scientific information including data, BI’s pipeline to key decision makers and medical and commercial team members.  Assess and understand account strategies for disease management, treatment protocols and the patient journey.  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
  • 8. Not Prerequisites but Suggested  Microeconomics* - Econ 20A or Econ 26A at UCI  Macroeconomics* - Econ 1 or 20B or H190B at UCI  Statistics* - Stats 7 or Stats 8 at UCI  Calculus* - Math 2A, 2B at UCI  Completion of a Bachelor’s Degree (U.S. or equivalent)  Suggested electives (based on space in your schedule)- Business Law, Basic Accounting, and/or Management *AP units or equivalent courses at a CC or Online are also acceptable
  • 9. 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+HCCourse-17UnitsTotal MBAOrientation Mgmt. Info. Systems MW 11:00-11:45 am AssessmentTesting Mgmt. & Org. Behavior TR 12:30-3:00 pm Marketing TR 12:00-2:30 pm Accounting for Managers MW 3:30 – 6:00 pm Finance MW 4:00-6:30 pm Data and Decisions TR 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
  • 10. Career Management Services for Full-time Programs  MBA Career Development Module  Individual Career Management Planning with a dedicated career professional  Required MBA Internship for 16-month MBA program  Meet the Firms Event for all MBA and MAcc Students
  • 11. Remaining MBA courses for Pharmacy Spring Term- MBA 18 Units* May-Jun Jun-Aug 2nd year Pharm- Fall/Spring/Sum. Term Healthcare Finance/ Insurance Strategy Implementation Global Marketing Global Business Competition (Units in Spring Term Registration)* Recommended MBA Internship Healthcare Area elective Entrepreneurial Management Quality & Productivity 1 Healthcare Area Elective
  • 12. International Experience Each year, the Global Business Competition course travels abroad for a two-week period of intensive instruction and business visits. 2013 - Shanghai and Hong Kong 2014 - Istanbul & Izmir, Turkey 2015 - Toulouse, France 2016 - La Havre, Dijon and Paris, France 2017 - Spain 2008 - Taiwan and Hong Kong 2009 - Panama and Costa Rica 2010 - London, England 2011 - Istanbul, Turkey 2012 - Shanghai and Beijing
  • 13. Alternative PharmD/MBA Option (B)- Begins in Year Two of PharmD  PharmD Fall – Year 2: 1 Healthcare MBA Course  PharmD Spring – Year 2: 1 Healthcare MBA Course
  • 14. MBA Year (Year 3 of 4): Applied Business Principles for Pharmacy + Healthcare Elective Wee k 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 MODULES+HCCourse-17UnitsTotal MBAOrientation Mgmt. Info. Systems MW 11:00-11:45 am AssessmentTesting Mgmt. & Org. Behavior TR 12:30-3:00 pm Marketing TR 12:00-2:30 pm Accounting for Managers MW 3:30 – 6:00 pm Finance MW 4:00-6:30 pm Data and Decisions TR 12:30-3:00 pm Healthcare Elective (3 Units) 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
  • 15. Remaining MBA courses for MBA Year Spring Term-MBA 18 units May-Jun Jun-Aug Healthcare Finance/ Insurance Global Marketing Global Business Competition (Units in Spring Term Registration)* Recommended MBA Internship Entrepreneurial Management Quality & Productivity Strategic Management
  • 16. How and When to Apply  Complete PharmCAS with Pharmacy Supplemental questions for earliest possible tier.  MBA Online Application available on Instructions for Pharmacy Applicants page beginning October 15, 2017*.  Key Application Dates Fall 2018 Round 1 - January 15 (FT Priority Review) Round 2 - March 1 (FT MBA – All Programs) Round 3** - June 1 (FT MBA late submission) * I recommend applying as soon as you have received an interview offer (Plan
  • 17. APPLICATION ELEMENTS Step 1: Complete Application and Submit  Online MBA Application, 2 Personal Statements and Resume  Letters of Recommendation (At least 1 addl. recommended)  Application Fee - $50 (Waived for ALL PharmD/MBA applicants) Step 2: Supplemental Documents  Official Transcripts from all institutions (incl. transfer)- Pulled from PharmCAS application  Official GMAT (or GRE) Scores  Interview (by invitation only)
  • 18. 2016 New FT MBA Student Profile  GPA Average: 3.44 (Range 3.10 - 3.72)  GMAT Average: 541 (Range 440 - 670)  Average Age: 23.4 (Range 21 to 26)  Average Experience: < 1 year (Range 0 to 4)  International: 13% (Down from 18% in ‘15)  Female: 50% (Same in ‘15)
  • 19. Costs for Graduate Business Programs (AY 2016 -17) Please see the MBA & MAcc Cost & Financial Aid Page for the latest Information
  • 20. Costs for MBA Year for PharmD/MBA (AY 2016 -17) Tuition- Full-time (2 semesters)* $ 44,068.00 Wellness Center Fee (9+) $ 240.00 ASUOP & Activity Fees (9+) $ 140.00 Travel – Global course (est.)** $ 3,500.00 Books & Personal (est.)** $ 5,000.00 TOTAL COSTS $ 52, 948.00 * MBA Courses taken in PharmD may require overload at Pharmacy Tuition Rates **Costs may vary by location and required texts/cases.
  • 21. 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)
  • 22. Time for some Q & A
  • 23. Why the Eberhardt Graduate Programs in Healthcare ?  One of a only few Healthcare Management Programs (and only PharmD/MBA) in an AACSB accredited school in Northern California  Ranked as #9 Most Diverse Business School by Businessweek  Member of AUPHA- Assoc. of University Programs in Healthcare  Advanced management training with opportunity for individual focus within General Mgmt. or Healthcare Mgmt. tracks  International study experience  Dedicated Eberhardt Career Management staff  Small Interactive Classes (Average - about 20)  Dual & Cooperative Programs: JD/MBA & PharmD/MBA  New Master of Accounting (MAcc) students add new perspectives
  • 24. For more information Call: 209.946.2629 E-mail: mba@pacific.edu Web: go.pacific.edu/mba Office: Weber Hall, Suite 206 (Student Services) Presentation available at Slideshare.net/clozano67