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University of the PacificPharmD/MBA Programs

March 2016

Presenter:Chris Lozano

Eberhardt School Director of Student Recruitmentclozano@pacific.edu

Why MBA? Practical leadership and management skills

“Still in very scarce supply” (Harvard Business Review, 2014)

Access to learning community and alumni network

GMAC 2014 MBA graduate survey: 92% say MBA prepared them for leadership

positions 88% say MBA prepared them for their career 82% say MBA prepared them to manage

work/life balance 71% say MBA allowed them to achieve an

otherwise unattainable career outcome (GMAC, 2014)

Professionally, financially, and personally rewarding

Broadly applicable

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 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.

Key questions about PharmD/MBA

Programs What are the Program options for PharmD/MBA?

Application and Admissions Can we take the GRE instead of GMAT? Do we need to have all of our prerequisite classes

completed before we can apply for the program? Cost & Financial Assistance

What is the total cost of tuition for the 1 year of MBA in dual degree PharmD/MBA ?

What types of merit-based financial assistance is available?

Other Areas What New (job) opportunities would an MBA provide

to a Pharmacist?

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) Learned she is capable of handling larger course loads Provided a well-rounded educational background

Raj Ghandi- PharmD ‘09/MBA ‘10

Senior Pharmacy Manager at United HealthCare Alliance (UHA) UHA is a Physician Network and medical foundation partnered with

Stanford Healthcare and Stanford Medicine Raj’s Key Responsibilities:

Developing, Implementing, Managing and Assessing Medicare Advantage pharmacy utilization management programs to improve quality and cost-effectiveness

Form. at MedImpact as Clinical Program Manager he optimized clinical quality and cost-effectiveness for MedImpact clients. Also, created analytics of claims data and performance indicators to identify and promote performance improvement opportunities.

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

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 – Pharmacy Supervisor (CVS)

Prerequisites Microeconomics (Econ 53 at UOP)* - Econ 3 at UCR Macroeconomics (Econ 55 at UOP)* - Econ 1 or 2 or 4 at

UCR Statistics (Math 37 at UOP)* - Stats 48 or Stats 100A at

UCR Calculus (Math 45 at UOP)* - Math 8B or 9A, and 9B at

UCR Completion of a Bachelor’s Degree (U.S. or equivalent) Suggested electives (based on space in your schedule)

*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 + HC Course - 17 Units Total

MBA

Orientatio

n

Mgmt. Info. SystemsMW 11:00-11:45 am

Assessment

Testing

Mgmt. & Org. BehaviorTR 12:30-3:00 pm Marketing

TR 12:00-2:30 pm

Accounting for Managers MW 3:30 – 6:00 pm

FinanceMW 4:00-6:30 pm

Data and DecisionsTR 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 MBAs

MBA Career Development Module Individual Career Management Planning with

a dedicated career services professional Required MBA Internship for Accelerated MBA

program except for Dual-degree Programs Focus on mastering critical tactical skills

necessary for career success and to manage your career pathway

Remaining MBA courses for PharmacySpring Term-

MBA 18 Units*

May-Jun Jun-Aug 2nd year Pharm-Fall/Sp

ring/Sum. Term

Healthcare Finance/

InsuranceStrategy

Implementation

Global MarketingGlobal Business

Competition(Units in Spring

Term Registration)*

Recommended MBA Internship

Healthcare Area elective

Entrepreneurial Management

Quality & Productivity

1 Healthcare Area Elective

International ExperienceEach year, the Global Business Competition course travels abroad for a two-week period of intensive instruction and business visits.

2009 - Panama and Costa Rica

2010 - London, England

2011 - Istanbul, Turkey

2012 - Shanghai and Beijing

2013 - Shanghai and Hong Kong

2014 - Istanbul & Izmir, Turkey

2015 - Toulouse, France

2016 – La Havre, Dijon and Paris, France

1997 - Singapore and Malaysia

1998 - Chile

1999 - Spain

2000 - Ireland

2001 - U.K. and France

2002 - Estonia and Finland

2003 to 2005 - E.M. Lyon

2006 & 2007 - Taipei, Taiwan

2008 - Taiwan and Hong Kong

How and When to Apply

Online Application available at Eberhardt MBA website beginning October 15, 2016.

Key Application DatesFall 2017 Round 1 - January 15 (FT Priority

Review) Round 2 - March 1 (FT MBA – All

Programs) Round 3* - June 1 (FT MBA

late submission)

*Round 3 is considered on-time for Alternative PharmD/MBA for currently matriculated Pharmacy students (Plan B); however, I recommend applying as soon as you have received an interview offer (Plan A).

APPLICATION ELEMENTS

Online MBA Application, 2 Personal Statements and Resume (Same system as Pharmacy Supplemental app.)

Official Transcripts (Pulled from PharmCAS app.) Letters of Recommendation (2 recommended) Official GMAT (or GRE) Scores Application Fee - $50 (waived for ALL PharmCAS

applicants) Interview (by invitation only)

2015 New FT MBA Student Profile GPA Average: 3.41 (Range 3.12 - 3.73) GMAT Average: 560 (Range 460 - 640) Average Age: 23.0 (Range 20 to 25) Average Experience: 1.0 years (Range 0 to

3) International: 18% (Up from 17% in ‘14) Female: 55% (Up from 50% in ‘14)

16-month Total Program Costs (AY 2015 -16)

Tuition- $1,325/unit** $ 63,636.00

Wellness Center Fee (9+) $ 360.00

ASUOP & Activity Fees (9+) $ 420.00

Travel – Global course (est.)* $ 3,500.00

Books & Personal (est.)* $ 7,500.00

TOTAL COSTS $ 75, 416.00

*Costs vary by location and required texts. **PharmD/MBA tuition and fee expenses

are approximately $48,000 for MBA year (36 units).

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

Time for some Q & A

For more information

Call: 209.946.2629or

800.952.3179

E-mail: mba@pacific.edu

Web: go.pacific.edu/mbaOffice: Weber Hall, Suite 206

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 Management or Healthcare tracks

International study experience

Dedicated Eberhardt Career Management staff

Small Interactive Classes (Average - about 20)

Dual & Cooperative Programs: JD/MBA, PharmD/MBA & Peace Corps New Master of Accounting (MAcc) students add new perspectives

START HERE. GO ANYWHERE.

go.pacific.edu/mba

Eberhardt School of Business