IBUS 6997: Global Medical Valuation Lab
Graduate Global Enrichment in Stockholm, SwedenProgram Dates:
-Priority Application Deadline: October 16, 2023
Travel Dates: May 19 - June 1, 2024
Pre-departure class sessions in Spring B-term:
Saturdays, 9am - 12pm (March 30, April 13, April 20, May 4)
Program Details
Innovations in medical technologies are one of the leading areas of economic growth in the world. Whether new technologies take the form of pharmaceutical, medical device, biotechnology, information technology of some combination of these innovations, the opportunities for both private enterprise and social welfare are substantial. However, these innovations are not without cost, and require reimbursement from either a privately or publicly financed health care delivery system to enter the marketplace. Thus, the strong demand for the valuation of new medical technologies continues to grow due to the confluence of an aging society seeking new therapeutic agents to enhance health and productivity and unyielding medical care price inflation.
This course is offered as a collaboration between the Carlson School of Management and the Stockholm School for Entrepreneurship (SSES) and Karolinska Institute in Stockholm, Sweden. The program is a mix of class sessions, research, site visits, and group work. This lab is geared to provide participants with an opportunity to work in cross cultural teams with students from two universities on a valuation project.Â
The course is designed to: increase students' ability to work in diverse teams; help students develop a more robust understanding of how to evaluate a new technology or service from a global perspective; and increase students tolerance for working through ambiguous situations.
Students participating in this class gain resume quality experience working on live project, increase their knowledge of the business environment in Northern Europe, and develop life-long friendships with fellow students.
This immersion portion of this class will take place in Stockholm, the capital of Sweden. The city of almost 1 million is the cultural, media, political and economic center of the country. It is located on Sweden's southeast coast on the Baltic Sea. The city is home to major Swedish banks and insurance companies, as well as famous clothes retailer H&M.Â
The Stockholm School of Entrepreneurship (SSES) is a collaboration between Stockholm’s top five schools. They were established to provide the member schools’ students with education, training and inspiration in applied entrepreneurship.
Students are housed at a conveniently-located hotel and will share a room with one or two classmates of their same gender. Because networking and community-building are key parts of the program, students will not have the option of a single room. Guests are not permitted during the program. Breakfast daily, a welcome dinner, and a closing dinner are provided.
- Four graduate elective credits
- Grading is A-F basis
This program is open to Carlson School graduate students in good academic standing, with a minimum GPA of 3.0 at the time of application. The application process is competitive, and space is limited. Meeting the minimum requirements does not guarantee acceptance.Â
U.S. citizens will need a valid passport to travel to Sweden. If you already have a passport, you need to check the expiration date and confirm that it is more than seven months after the program ends. If you do not have a passport, or your passport needs to be renewed, you will need to apply for one immediately upon confirmation.
A visa is a document that proves that travel into a particular country has been approved by their governing body. U.S. citizens do not need a visa to enter Sweden. Non-U.S. passport holders should check with the Swedish consulate regarding visa requirements and fees. If you carry a passport other than a U.S. passport and are required to carry a visa into Sweden, you will be responsible for securing your visa; you will work closely with the Program Manager to make sure you have any University-specific documentation that you need.
To apply, please visit the Apply page. Students will be charged a $50 application fee.
The application cycle starts on September 1 and the priority deadline is October 16. Â
Applications for programs that do not fill by the priority deadline will be accepted on a rolling basis until full. Priority deadline applications will be reviewed and students will be informed of their status no later than November 16.
Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships. Please see Financial Aid and Fellowships webpages for more information including deadlines.
Cost Estimate (Summary)
Fees are based on estimates and may change due to international economic factors. This information applies to 2023-2024 programs.
*Calculated based on the 2023-2024 PTMBA tuition rate. Students enrolled in another degree program will be charged the tuition rate for four credits associated with their degree program. Please see One Stop for more information about tuition and fees or contact us with questions.
| Tuition for Four Academic Credits (not including collegiate, graduate student assembly, or transportation fees)* | $6,640 |
| Program Fee (includes program administration, international health insurance, housing, some meals, course materials, transportation between program cities and site visits) | $3,000 |
| International Airfare between Minneapolis and Stockholm, Sweden | $1,800 |
| Passport and Visa expenses (based on prices for U.S. citizens) | $165 |
| Daily Living Expenses (includes incidentals, local transportation, and other expenses not covered by the program fee) | $300 |
| Meals not covered in the program fee (most lunches and dinners) | $700 |
| Total | $12,605 |