Concept – PharmD/MBA

The Pharm.D./MBA double degree is designed to enhance the business skills, knowledge and practical experience of students in the Doctor of Pharmacy (Pharm.D.) program.  The Pharm.D./MBA program is intended for individuals who seek careers that may lead to managerial and executive positions in the pharmaceutical industry and in health care delivery systems that provide pharmacy services to patients.

Concept – Organizational Leadership MBA

The Organizational Leadership MBA allows pharmacy professionals who began their graduate studies more than four years ago (and thus are not eligible for the Pharm.D./MBA program) to earn an MBA from Oregon State University.

The Pharm.D./MBA program might be a good fit if you:

  • Want to become a manager or executive with a community pharmacy chain
  • Want to own your own pharmacy
  • Want to become a manager or executive for a health care system
  • Want to work for the pharmaceutical industry
  • Want to broaden your leadership and business abilities

Current students interested in the Pharm.D./MBA program should contact a College of Pharmacy advisor and submit the interest form. OSU Alumni interested in the MBA program should contact Paige Clark, or send a letter to Oregon State University, College of Pharmacy, 203 Pharmacy Building, Corvallis, OR 97331.

Pharm.D./MBA Learning Outcomes (beyond the MBA Core Learning Outcomes)

  • Understand the concepts, principles and fundamentals of pharmacy operations, finance and personnel management.
  • Create a business plan for the purpose of evaluating alternatives to offer pharmaceutical services.
  • Describe current health policy and evaluate how it affects current and future business models. 
  • Develop an evidence-based process for evaluating drug therapy.
  • Explain the application of health technology assessment in the health care system.
  • Discuss and apply the legal and ethical aspects of health administration.

Pharm.D./MBA Admission Requirements

  • Students must be fully admitted into the Pharm.D. program at OSU and have earned a four-year undergraduate degree with a minimum GPA of 3.0 in the last 90 quarter credits received.
  • International students must achieve a minimum score of 575 on the paper based version,  a minimum score of 91 total and sub scores of at least 22 on the internet based version (iBT), or a minimum score of 7 on the IELTS.
  • Statement of objective
  • Resume
  • The GMAT requirement is waived for students admitted to the OSU Pharm.D. degree program 

Admission to the MBA program as part of the Pharm.D./MBA double degree program presumes concurrent enrollment in good standing within both degree programs.  Any student who withdraws from the Pharm.D. program may be required to meet the full admission requirements of the MBA program (that is, completion of GMAT, submission of letters of reference, etc.) and will need to complete the requirements of an established MBA track.

Current students interested in the Pharm.D./MBA program should contact a College of Pharmacy advisor and submit the interest form. OSU alumni interested in the MBA program should contact Paige Clark, or send a letter to Oregon State University, College of Pharmacy, 203 Pharmacy Building, Corvallis, OR 97331.

MBA Core Coursework: (27 credits)

BA 528 Financial and Cost Analysis (3)

BA 540 Corporate Finance (3)

BA 550 Organization Leadership and Management (3)

BA 555 Practical Business Analysis  (3)

MGMT 559 Management Ethics and Corporate Responsibility (3)

BA 561 Supply Chain Management (3)

BA 569 Advanced Strategic Management (3)

BA 572 Advanced Information Systems (3)

BA 590 New Product Development (3)

Elective (3 credits)

Any graduate-level business class (3)

Pharmacy Coursework (26 credits)

PHAR 746 – Pharmacy Management (3)
PHAR 773 – Pharmacoeconomics (3) 
PHAR 774 – Drug Policy/Drug Use Management (4)
PHAR 798 – Pharmacy Health Administration (16) 

Note:  The PHAR 798 provides the experiential and integrative component for the MBA program through a 12-week clerkship where the student performs management functions within a Pharmacy.

MBA Foundation Knowledge Requirements

Foundation Knowledge coursework includes business fundamentals such as Accounting, Business Law, Finance, Marketing, Organizational Behavior, and Operations Management. The foundation knowledge courses may be completed on-line, completed on-campus as undergraduate coursework, or completed in an intensive series of courses offered in the summer. Students who possess an undergraduate degree or minor in business may have satisfied all of the foundation knowledge requirements – please check with the Graduate Business Program Staff.

Area of Knowledge

Undergraduate Coursework

 

Summer Series Coursework

Accounting and Economics

BA 215 - Fundamentals of Accounting

OR

BA 515 --  Managerial Decision Tools

 

Finance and Economics 

BA 360 -- Intro to Financial Mgt OR FIN 340 - Finance

OR

 

BA 517 -- Markets and Valuation

 

Marketing and Economics

 

PHAR 746 -- Pharmacy Mgt

  OR

BA 516 -- Marketing and Management

BA 390 -- Marketing

Operations and Statistics

 

ST 201

OR

BA 514 -- Operations Management

BA 357 -- Operations Management

Business Law

PHAR 707 & PHAR 708 or PHAR 728

OR

BA 513 -- Business Legal Environment

MBA Degree Requirements

MBA candidates must complete a capstone project and Pharmacy Coursework

MBA Program (Interest Form) - This form is used to express interest in the Pharm.D./MBA program. An academic advisor will follow up with you after you submit the form.