Program Goals & Objectives
The goal of the Pharm.D/M.B.A. Joint Degree program is to educate and develop students in the skills critical to be able to assume responsibilities as executives and managers in the pharmaceutical industry and in health care environment.The program is directed toward providing didactic and experiential education to students that will allow them to: (1) understand the major functional areas in managing healthcare organizations and 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 (Pharm.D/M.B.A.) 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 Pharm.D/ M.B.A. 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 M.B.A. students, pharmacy students may apply to the Rinker School of Business for admission to the Pharm.D/M.B.A. joint degree program. Upon admission to the joint degree program, students continue in the Pharm.D. curriculum while also completing the business course requirements.
The approximate time required to complete all professional and graduate coursework is five years. Degree requirements for the joint program include 142 credits of pharmacy professional coursework, 12 credits of foundational business courses, and 36 credits of graduate business coursework. The following 21 credits of professional pharmacy coursework are also needed to complete the joint Pharm.D./M.B.A. degree.
Experiential Rotation in Pharmacy Management
(select one of the following)
- PRX 4266 Institutional Administration Elective Advanced Pharmacy Practice Experience
- PRX 4286 Community Administration Elective Advanced Practice Experience
Pharmacy Coursework Applied to the M.B.A.
Note: Completion of ACG 2013 Financial Accounting or ACG 2023 Managerial Accounting for pre-requisite completion for the M.B.A. program satisfy the pharmacy elective requirement of 2 credit hours as long as the student completes the course while enrolled in the Doctor of Pharmacy program. If these courses (or their equivalents) were taken prior to enrollment in the Doctor of Pharmacy program, they will not count towards the elective credit in the pharmacy program. However, they might be eligible for consideration for satisfying the pre-requisite for the M.B.A. program.
Pharm.D./M.B.A. Admission Requirements
Admission to Pharm.D., M.B.A. dual degree program is selective. Strong interpersonal skills, communication ability, motivation, maturity, career focus and leadership potential are also important qualities in prospective students. Pharmacy students should express their interest in this program during the first professional year and seek the advice of the Director of Pharm.D., M.B.A. Program along with their advisor prior to completing the application.
- Student must first apply and gain admission to the Pharm.D. program.
- Students are highly encouraged to express interest through the “Intent to Apply” form during the first year of the pharmacy program. This form is due by November 1st. However, students may express interest at any time.
- Student completes all foundational (pre-requisite) courses for the M.B.A. program including:
- ACG 2013 - Financial Accounting (3 credits)
- ACG 2023 - Managerial Accounting (3 credits)
- BUS 2013 - Business Statistics (3 credits)
- BUS 2343 - Principles of Macroeconomics (3 credits)** or
- BUS 2353 - Principles of Microeconomics (3 credits)
- After the successful completion of the first pharmacy year, the student must submit the Pharm.D., M.B.A. Application form.
- The recommendations from the student’s advisor, the Director of the Pharm.D., M.B.A. Program, and the Chair of Graduate Programs (Rinker School of Business) are required as part of the application process.
6. The following criteria may be considered when making a decision about entrance into the program:
- Cumulative pharmacy GPA of 3.2 or higher.
- Performance in core didactic courses, including but not limited to foundational science courses, pharmacotherapy courses, and patient care courses.
- Performance in MBA pre-requisite courses such as statistics and economics.
- Student response(s) to the essay submitted with the application form.
7. The Assistant/Associate Dean of Academics in the Gregory School of Pharmacy will review the recommendations from the student’s advisor, the Director of the Pharm.D., M.B.A. Program, and the Chair of Graduate Programs (Rinker School of Business) to determine student acceptance into the dual degree program. The Assistant/Associate Dean for Academics will notify the student applicant of the outcome of the application process and submit the completed application form to the Registrar’s office.
8. Modified track students or any other students not meeting the above criteria may petition the Assistant/Associate Dean of Academics for enrollment into the dual degree program. The Assistant/Associate Dean of Academics will review these cases on an individualized basis with the student’s advisor and the Director of the Pharm.D.,M.B.A Program.
** Pre-pharmacy prerequisites may meet these course requirements.
NOTE: The Graduate Management Admission Test (GMAT) is no longer required for admission to the program.
There are a variety of scheduling options for successfully completing the Pharm.D, M.B.A. dual degree coursework. The time required will depend upon the student’s initiative in scheduling M.B.A. courses while still completing pharmacy courses.
M.B.A. course schedules will be determined by the Director of the Pharm.D.,M.B.A Program and Chair of Graduate Programs (Rinker School of Business) in consultation with the student. The Assistant/Associate Dean for Academics will register the student for M.B.A. courses each semester.
Students must complete the didactic pharmacy coursework within 5 years as noted in the Academic Probation and Dismissal Policy. The M.B.A. course work must be completed within 2 years of completion of the pharmacy degree.
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 coursework. For M.B.A. courses, a student will be placed on Academic Probation at the end of a term if he/she does not meet the cumulative 3.0 GPA. In addition, a student can receive a grade of “C” in two courses during the M.B.A. program to maintain good standing. Students placed on Academic Probation must meet and be cleared by the Chair of Graduate Programs (Rinker School of Business) and the Director of the Pharm.D., M.B.A. program prior to registering for the next term.
If a student feels that he/she is unable to complete the course work for the dual degree program or changes their mind regarding enrollment in the dual degree program, he/she may consult with the Chair of Graduate Programs (Rinker School of Business), the Director of the Pharm.D., M.B.A Program, and the Assistant/Associate Dean for Academics. Based on these discussions, the student can transfer to the Doctor of Pharmacy program only.