PhD / MBA Program
In an era of rapid change, technological advancement and the growing potential to make life-saving discoveries makes this an exciting time to pursue a PhD in biomedical sciences! Many ambitious students are now looking to an MBA as a useful enhancement to their biomedical research experience and expand their career options.
An MBA is an investment in the future careers of biomedical graduate students. The full benefits may not be realized until much later. We know our alums will be future college presidents, department chairs, entrepreneurs, government officials, patent holders and CEOs of biomedical companies. This program will ensure they leave us not only as cutting-edge scientists, but also prepared for the leadership challenges they will face regardless of what lies ahead.
Regardless of career trajectory, PhDs can benefit from pursuing a business education. From a practical standpoint, the managerial skills, business acumen and financial literacy one develops from an MBA program are useful for managing labs, staff, grants or even starting a business. The biomedical industry and higher education are increasingly influenced by legal issues and shifting healthcare policy, both of which are covered by the MBA curriculum. Students will expand their networks by taking classes alongside CEO’s and business leaders enrolled in the Executive MBA program.
The immediate financial advantages of a PhD / MBA option at UM are substantial. Not only will accepted students receive 100% tuition waivers for the doctoral portion of their studies, they will receive shared credit savings and a 50% scholarship from the School of Business Administration for their MBA. In the long-term, students with MBA’s can expect to have greater earnings over the lifetime of their careers.