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Accelerated Pathway for Doctor of Medicine (MD) and Master of Business Administration (MBA) Degrees

A collaboration between Cooper Medical School of Rowan University (CMSRU) & Rowan University’s Rohrer College of Business (RCB).

MD/MBA Degree Overview

• Gain a business perspective of healthcare and medicine.
• Develop skills in leadership for positions within for-profit and not-for-profit organizations (e.g., health systems, hospitals, governmental organizations, professional societies, and more).
• Acquire skills to manage, motivate, and lead health services teams, community members, administrative teams, and other stakeholders.
• Understand the complexities and implications for making financial and managerial decisions.
• Learn how to invest time and resources using conceptually sound business decision-making practices.
• Learn to analyze and refine promotion and marketing strategies.
• Gain the skills to build and manage medical practices and/or other business endeavors.
• Develop skills to establish productive and mutually beneficial working relationships with insurance companies, laboratories, hospitals, and other corporate partners.

Accelerated MD/MBA Program Benefits

• CMSRU students in good academic standing and approval from the CMSRU Program Development Committee are guaranteed acceptance into Rowan University’s MBA Program as a part of the Accelerated MD/MBA program.
• Rowan University accepts 9 graduate-level elective credits from the MD curriculum into Rowan University's MBA Program (leaving only 11 courses / 27 graduate credits to complete the MBA).
• Rowan University provides CMSRU students the opportunity to complete all MBA coursework within a 9-month period (2 semesters).

Candidate Logistics

• Candidates must apply to and be accepted by CMSRU and then apply to the Rowan Accelerated MD/MBA program.
• CMSRU students will pursue their MBA studies after completion of the second or third year of MD studies and will take a leave from CMSRU to complete this work.
• Students must have successfully completed Phase 1 and passed Step 1 before starting the MBA program.
• Students must meet with their advisor and the Associate Dean for Program Development & Continuous Quality Improvement to discuss applying for the MD/MBA program.
• Students must have completed all required Foundation course (undergraduate) credits for the MBA program prior to beginning the MBA graduate-level work.
• The expectation is that students will complete the Accelerated MD/MBA degree program within five years.
• The time between a student’s first MBA course and their final MBA course may not exceed 6 years.

Streamlined MBA Application Process

• Apply to the MBA using the Rowan Global Application Form
  • Required documents: application fee, undergraduate transcripts, GRE/GMAT scores, and letters of recommendation
  • Additional requirements: Current CV; confirmation of good academic standing at CMSRU; confirmation of approval from college advisor and Associate Dean for Program Development & Continuous Quality Improvement

Flexible Schedule and Delivery

• MD/MBA students can choose from course format options including:
  • On the main campus in Glassboro (Fall and Spring)
  • Online (Summer, Fall, and Spring)

MBA/MD Curriculum

Pre-MBA Foundational Business Knowledge

• Calculus
• Statistics
• Accounting (Financial and Cost)
• Economics (Micro & Macro)
• Marketing
• Finance
• Operations Management

Sample Curriculum and Course Sequence for MBA Program

Fall Semester:

• MGT 06567 Responsible Leadership: Aligning the Interests of Stakeholders, Profit and Planet (1.5 credits)
• MGT 06515 Employee Engagement and Performance (1.5 credits)
• MIS 02501 Information Systems for Managers (1.5 credits)
• MKT 09.511 Marketing Management Fundamentals (1.5 credits)
• ACC 03500 Managerial Accounting (3 credits)
• General/Concentration Elective (1.5 or 3 credits depending on chosen course)

Spring Semester:

• MGT 06629 Managing Organizational Strategy (3 credits)
• FIN 04500 Financial Decision Making (3 credits)
• MGT 07550 Operations Analytics (3 credits)
• General/Concentration Elective (1.5 or 3 credits depending on chosen course)
• General/Concentration Elective (1.5 or 3 credits depending on chosen course)
• Most MBA courses are 3 credits each, but the MBA core curriculum includes four 1.5 credit courses.
• Traditional MBA students would also complete six elective or Concentration courses (18 credits), but MD/MBA candidates may select three courses from the MD curriculum for the Office of Graduate Programs in Business to consider and approve to satisfy 9 credits of the MBA elective requirements.
• MD/MBA candidates would then complete three general or concentration electives (9 credits) to complete the MBA elective requirements.