PharmD / MBA

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Logo Rutgers Business School-Newark and New Brunswick

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Description

Dual Degree PharmD/MBA Program Description

In response to strong expressions of interest from current students and alumni, the Ernest Mario School of Pharmacy has partnered with the Rutgers Business School – Newark and New Brunswick (RBS) to develop a dual degree PharmD/MBA program. This program enables qualified PharmD students to begin work on the MBA while still enrolled in the PharmD Program. PharmD students will remain with their cohort and complete their doctoral degree at the same time as their classmates. After degree completion, they may matriculate into the MBA for full-time study (one year) or flex-time study (approximately three years) to complete the second degree.  

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Dual Degree PharmD/MBA Program Description

In response to strong expressions of interest from current students and alumni, the Ernest Mario School of Pharmacy has partnered with the Rutgers Business School – Newark and New Brunswick (RBS) to develop a dual degree PharmD/MBA program. This program enables qualified PharmD students to begin work on the MBA while still enrolled in the PharmD Program. PharmD students will remain with their cohort and complete their doctoral degree at the same time as their classmates. After degree completion, they may matriculate into the MBA for full-time study (one year) or flex-time study (approximately three years) to complete the second degree.  

Pharmacy students in the dual degree program will obtain advanced standing in the MBA for some of their required PharmD courses, plus the opportunity to take a limited number of MBA courses while completing the PharmD. Tuition for fall and spring courses taken while at the School of Pharmacy will be at the School of Pharmacy rate – and if taken with a full course load, will not incur additional costs. Upon completion of the PharmD, students will enroll at the School of Business and pay Business School tuition and fees. The MBA requires a total of 60 credits; more than one third of the credits may be completed before matriculation into the School of Business.

Specific features

  1. Entrance into the Dual Degree Program

    The dual degree program, while very attractive to many students, requires a high level of academic commitment and work in addition to the heavy demands of the PharmD program. Students must demonstrate their academic preparedness and their willingness to take on the additional responsibilities. The School of Pharmacy is committed to the success of each of its PharmD candidates and will only recommend students for the dual degree program who are sufficiently qualified and motivated.

  2. Advanced Standing

    PharmD students will be granted up to 9 credits of advanced standing towards the MBA from the following courses (note - to transfer credit, students must achieve grades of B or better in these courses):

    • Pharmaceutical Economics (3 credits)
    • Pharmacy Law and Bioethics (4 credits)
    • Business Writing Essentials, Writing for Business and the Professions OR Collaborative Writing Practices: Social Networking for Business (3 credit course; students earn 2 credits of advanced standing in MBA program.)¹

    PharmD students should apply to the Rutgers Business School in their final year (P4) at the School of Pharmacy, no later than March 1. They must be admitted to the Business School before they complete the PharmD, and they will formally matriculate into the Business School after completion of the PharmD. Once they are matriculated in RBS, they will receive an additional 6 elective credits from the Business School to satisfy credit requirements of the MBA.

  3. MBA courses for students in the PharmD program

    PharmD students (in their 2nd and 3rd professional years) may take two selected MBA courses (for a total of 6 credits) instead of pharmacy professional electives². Students may choose up to two of the following 3-credit courses³.

    • Pharmaceutical Industry: Issues, Structure & Dynamics (3 credits)
    • Legal, Regulatory and Ethical Issues in the Pharmaceutical Industry (3 credits)
    • U.S. Healthcare Systems and Pharmaceutical Managed Markets (3 credits)

    PharmD students in the 2nd and 3rd professional years may also take MBA core courses (such as Accounting, Management, Organization Behavior) or business electives, if they have fulfilled the prerequisites and as their schedules permit. Business courses are typically offered in the evening. In order to transfer credit to the MBA program, students must earn a grade of B or better in these courses.

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