Cliff notes at bottom. I am currently a pharmacy student and due to some misgivings on my part, I will be extending my stay an extra year. I have always planned on getting an MBA after school and a few years of work experience, but now that I have an extra year to spread out my courses, I have enough free time to think seriously about my school's PharmD / MBA dual degree. I talked with the director yesterday and he said that I should be able to complete both easily in my remaining time, and that I am not too late to start if I complete a three week intensive prerequisite course this July. I would automatically be admitted, and my PCAT scores would replace the GMAT. Tuition would be an extra $17k (ballpark). Problem is, I understand that an MBA is worthless without work experience or not from a top 20 school. My university is known for its pharmacy program but our MBA is low tier. Alternatively, I can graduate and go for a better ranked MBA in the future. I am from NC so I was thinking about Duke Fuqua's Health Sector specialization MBA or UNC's Kenan Flager (or Wharton, Harvard, etc. if I can even get in). The cons to this is that I'd have to balance work, school, family and pay a ton more money later, while now I can knock out the MBA as a full time student and for cheaper. My career goals are to go into the military then VA. I want to eventually become an administrator but have no wish to become a CEO of a major hospital or pharmaceutical company. I am also dabbling in the idea of opening an independent pharmacy sometime in my career. But definitely "pharmacist first, businessman second" kind of mentality. My biggest concern here is name recognition. My school's MBA cannot compete with Stanford or Kellogg. But if my wish is to compliment my PharmD and not rise the ranks of a fortune 500 company, then does the name matter as much as a clinician? Especially if I can knock it out now and for cheaper? Cliffs: -Pharmacy student looking into my school's dual MBA, low ranked. -Dual MBA at my school is roughly $17k and can be finished by the time I graduate. -Career aspiration is to be a mid level administrator/manager and possibly entrepreneur. -Or should I wait and try for a higher ranked MBA later after graduation and work experience? Which should I choose? Thanks for any input.
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5/10/11 at 5:36pm