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Attitudes and Perceptions of Dual PharmD/MBA Degree Program Students
David M Jacobs1, Christopher J Daly1, Sarah-Elizabeth L Tierney1
1University at Buffalo School of Pharmacy and Pharmaceutical Sciences, Buffalo, New York.
Pharmacy students pursue a dual Doctor of Pharmacy/Master of Business Administration (PharmD/MBA) for better employment and career advancement. This dual degree is recommended for navigating the challenging pharmacy job market.
Area of Science:
- Health Professions Education
- Pharmacy Administration
- Business Administration
Background:
- The job market for pharmacy graduates is increasingly competitive.
- A dual PharmD/MBA degree may offer a competitive advantage.
- Understanding student motivations for pursuing dual degrees is crucial for program development.
Purpose of the Study:
- To investigate pharmacy students' motivations for pursuing a dual PharmD/MBA.
- To assess students' perceptions of the career impact of a dual PharmD/MBA.
- To evaluate the perceived value of the PharmD/MBA for career advancement in pharmacy.
Main Methods:
- Cross-sectional survey administered to students enrolled in a PharmD/MBA program.
- Electronic survey developed in collaboration with a School of Management.
- High response rate (96%) achieved from enrolled students.
Main Results:
- Employment opportunities and career advancement were primary drivers for pursuing an MBA.
- 100% of respondents perceived the pharmacy job market as increasingly difficult.
- 96% anticipated higher salaries with a dual PharmD/MBA; 82% would recommend it.
Conclusions:
- Pharmacy students recognize current job market challenges.
- The dual PharmD/MBA is viewed as a strategic choice for career enhancement.
- Students perceive significant value in combining pharmacy and business expertise.
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