MBA & Doctor of Pharmacy
Be an Effective Leader in the Pharmacy Profession
An MBA is an inarguable asset to a pharmacist, who are able to enter into management positions within pharmacy settings, creating efficient, effective care delivery systems from day one. After establishing your studies in the Doctor of Pharmacy program, you will enter the MBA program in the fourth year of your graduate education, earning a complete MBA as you finish your PharmD and becoming integrated into the Carlson School's prestigious network of business leaders, academics and alumni. PharmD-MBA students will also have the opportunity to take advantage of the unique experiences offered through the Carlson School's Medical Industry Leadership Institute, which brings together graduate students from across the University of Minnesota to work on healthcare industry problems from the organizational to the political realms.
The PharmD-MBA Dual Degree Program was developed for students who have already been enrolled in the University of Minnesota PharmD Program (Twin Cities or Duluth campus). This program serves students who wish to earn an MBA degree as well as their PharmD.
More Information About PharmD-MBA
The Medical Industry Leadership Institute (MILI) supports the MBA's Medical Industry Specialization and so much more. It offers experiential learning through the Valuation Lab, access to national and international medical industry firms, and affiliations and governance through the National Industry Council and Executive in Residence. Not only that, it hosts its own annual conference Convene which brings together industry leaders and academics to discuss their perspectives on trends, opportunities, and challenges in healthcare.
Dual Degree students must apply separately and be admitted to both programs. Students apply to the Full-Time MBA Program during the fall semester of their third year in the College of Pharmacy, but do not begin the MBA Program until the fourth year of this five-year dual degree program.
MBA Application Dates - Fall Start
| Round | Submission Deadlines | Decision Notification |
|---|---|---|
| Round 1 | October 1 | November 15 |
| Round 2 | December 1 | February 1 |
| Round 3 | February 1 | March 15 |
| Round 4 | April 1 | May 15 |
Deadlines that occur on a weekend or holiday are extended through the next business day. We will review applications beyond our final round deadline on a case by case basis.
For PharmD-MBA Students, the GMAT or GRE is waived with the submission of your PCAT
Many students immediately pursue their residency post-graduation and work in healthcare services or a retail/chain pharmacy. But there are a variety of other options for PharmD-MBAs including but not limited to consulting research, and pharmaceutical companies. Many PharmD-MBAs are in high demand for leadership positions such as Director of Pharmacy Operations, Lead Pharmacist, Department head in a pharmaceutical manufacturing company, or Administrator in a managed care department.
PharmD-MBA students pay the tuition and fees at the school through which they are registered each semester. Scholarships are awarded separately by each program and are applied when a student is enrolled in that designated program.
All applicants admitted to Carlson are automatically considered for merit-based scholarships.
Program Structure
Both degrees are completed in five years.
PharmD
Fall Semester
- Year One required coursework
Spring Semester
- Year One required coursework
Summer Semester
- Phar7325 IPPE
PharmD
Fall Semester
- Year Two required coursework
- PharmD Electives
Spring Semester
- Year Two required coursework
- PharmD Electives
Summer Semester
- Phar7325 IPPE
PharmD
Fall Semester
- Year Three required coursework
- PharmD Electives
Spring Semester
- Year Three required coursework
- PharmD Electives
Summer Semester
- Select two APPEs
MBA
Fall Semester (MBA)
- Managerial Economics
- Financial Accounting
- Marketing
- Supply Chain & Operations
- Financial Management
- Strategic Management
Spring Semester (MBA)
- Leading Others
- Competing in a Data-Driven World
- MBA Electives
Summer Semester (PharmD)
Select three APPEs
MBA & PharmD
Fall Semester (PharmD)
- Select three APPEs
- Leadership and Personal Development
- Electives
Spring Semester (MBA)
- Business Ethics
- MBA Electives
- Global Experience
PharmD
Fall Semester
- Year One required coursework
Spring Semester
- Year One required coursework
Summer Semester
- Phar7325 IPPE
PharmD
Fall Semester
- Year Two required coursework
- PharmD Electives
Spring Semester
- Year Two required coursework
- PharmD Electives
Summer Semester
- Phar7325 IPPE
PharmD
Fall Semester
- Year Three required coursework
- PharmD Electives
Spring Semester
- Year Three required coursework
- PharmD Electives
Summer Semester
- Select two APPEs
MBA
Fall Semester (MBA)
- Managerial Economics
- Financial Accounting
- Marketing
- Supply Chain & Operations
- Financial Management
- Strategic Management
Spring Semester (MBA)
- Leading Others
- Competing in a Data-Driven World
- MBA Electives
Summer Semester (PharmD)
Select three APPEs
MBA & PharmD
Fall Semester (PharmD)
- Select three APPEs
- Leadership and Personal Development
- Electives
Spring Semester (MBA)
- Business Ethics
- MBA Electives
- Global Experience
Credit Distribution
To complete in this time frame students will carry a very demanding course load, but with a credit reduction benefit of a dual degree program.
MBA = 52
Transfers= 12 per program
Full-Time & Part-Time MBA Programs
Email: [email protected]
Phone: 612-625-5555
PharmD Program
Peter Haeg
Director of Student Services
612-624-2649
College of Pharmacy Dual Degree Program Information