PharmD/MBA

What is PharmD/MBA?

The PharmD/MBA program produces graduates with career choice flexibility and competitive advantage in the sense that they are able to utilize their business training to pursue careers in health sector management and leadership in a variety of organizations. Their business preparations also afford those who are interested in owning an independent pharmacy the competencies to enhance their probability of success.

 

 

 

PharmD/MBA Careers

Graduates with a PharmD/MBA degree work in a variety of organizations and healthcare and related organizations. Graduate have opportunities to work in a variety of pharmacy organizations both clinical and retail. The MBA component of the degree program allows the graduates to extend their career options beyond pharmacy roles.

Potential career trajectories:

• Pharmaceutical Management
• Healthcare Consulting
• Healthcare Administration
• Regulatory Affairs
• Managed Care
• Biotechnology Management
• Academia
• Market Access and Reimbursement
• Global Health and International Business
• Healthcare Policy and Advocacy
• Healthcare Policy Analyst

 

PharmD/MBA Salary Expectations

In 2022, the U.S. Bureau of Labor Statistics stated the average Manager made:
• An average of $63 and hour
• A median salary of $107,000
• The top percentile made an average of $220,000

States with the highest employment level in Management Occupations:
• California
• Texas
• New York
• Florida
• Illinois

In 2022, the U.S. Bureau of Labor Statistics stated the average Pharmacists made:
• An average of $62 and hour
• A median salary of $132,000
• The top percentile made an average of $164,000

States with the highest employment level in Management Occupations:
• California
• Texas
• New York
• Florida
• Illinois

 

PharmD/MBA Frequently Asked Questions (F.A.Qs)

Q: Does the MBA program provide candidates with opportunity for pursuing a concentration or a major?
A: Although the MBA program does not officially offer majors or concentrations, candidates are able to take elective courses in their fields of interest in order to develop an emphasis in those fields.

Q: Is it possible to take any of the MBA courses online?
A: SBI currently has a limited number of online courses for main campus MBA students. We are however, planning on adding more online course in the future

Q: What resources are available to SBI PharmD/MBAs after graduation?
A: SBI graduates have the privilege of networking with a network of successful SBI and FAMU alumni for professional advice and social connections.

Program Faculty