MS/MBA

MS/MBA

The Department of Molecular Pharmacology & Therapeutics and the Loyola Graduate School of Business offer a 2.5-year dual degree program that leads to a Master of Science (M.S.) in Pharmacology degree and a Master of Business Administration (M.B.A.) degree. This program is especially designed for individuals who are planning a career in the pharmaceutical, biotechnology, or other health-related industries. The ability of our graduates to understand both the science and business aspects of developing and marketing a new product or therapy gives them a competitive advantage in obtaining a position in industry and advancing their careers. This dual degree program also allows students to earn the two degrees in a shorter period of time than completing each one separately.
 
Testimonials from graduates of our M.S./M.B.A. program:
  • "Having an M.S./M.B.A. degree certainly opened doors to me that would have been closed with just a traditional M.B.A."
  • "Adding a Masters in Pharmacology to the mix really improves your prospects in the job market because it shows you have a diversified skill set that sets you apart from other applicants."
  • "I have an edge with the additional business degree."
  • "I basically cut off 6 years to get where I am now."
 

Curriculum Organization

Students complete the first year of the curriculum at the Loyola Medical Center in Maywood. The first year consists of core basic science courses that are taken by all graduate students at the Medical Center. These include Molecular Biochemistry, Cell Biology, Methods in the Biomedical Sciences, and Systems Biology (physiology, pharmacology, immunology, virology). These courses are designed to give each student a broad and solid foundation in the life sciences. This is especially important in industry where teams of scientists need to effectively communicate with each other. The second semester includes courses that focus on key principles of pharmacology and on methods of statistical analysis of data. Students also gain laboratory research experience during this semester by rotating through the laboratories of three different faculty members in our department (6 weeks each).
 
During the first semester of the second year, students take a Drug Discovery course at the Medical Center, and also start evening and Saturday business courses at the Graduate School of Business at the Water Tower Campus in downtown Chicago. The business curriculum, which is scheduled on the basis of a quarterly academic year, consists of two or three 3-hour courses in each of the fall, winter, spring and summer quarters of the second year, and the fall quarter of the third year. Students take a capstone course, which integrates pharmacology and business skills, during the subsequent winter quarter.
 
The M.B.A. curriculum is flexible and practical. Students in the M.S./M.B.A. program take the six Fundamental Core courses, a Global Perspective course, five Advanced Leadership Core courses and Business Ethics.
 
Students are also encouraged to do a 10-week internship during the summer of the first year to obtain work-related experience in an industry environment, and to make valuable professional contacts. The Career Management Services of the Graduate School of Business can assist students in identifying internship opportunities, which will count as a three-hour business elective.
 
The total credit hours required for the M.S./M.B.A. dual degree are 24 for Pharmacology, and 45 for Business (15 3-hour courses). Up to four business courses can be waived based on demonstrated competency (grades of "B" or better) in previous relevant coursework.
 

How to Apply to the M.S./M.B.A. Program

Applicants should submit an application, which will be evaluated sequentially by both the Department of Molecular Pharmacology and Therapeutics, and the Graduate School of Business. The following documents are required:
  • Completed free online application forms for the Medical Center Graduate School.
  • Official transcripts from all undergraduate and graduate institutions attended (one set only).
  • Resume or curriculum vitae.
  • Three letters of recommendation (one set only).
  • GRE Scores (no more than 4 years old). (The Loyola GRE Institutional Code is 1412; PHAR GRE Department: 0126.)
  • Statement of Purpose (not to exceed 4000 characters). The Statement of Purpose should outline the applicant's scientific and business interests, motivations for graduate study, future goals, and reasons for applying to the M.S./M.B.A. program.
International applicants should also provide the following documents:
  • Official TOEFL or IELTS scores (no more than 2 years old).
    (The Loyola TOEFL and IELTS Code is 1412; PHAR TOEFL Department: 47.)
  • Course by course evaluation of all non-U.S. transcripts by Educational Credential Evaluators.
  • Completed "Declaration and Certification of Finances Form" and supporting information, sent to:
    The Office for International Programs
    Loyola University Chicago
    6525 N. Sheridan Rd.
    Chicago , IL 60626-5311
Official transcripts, transcript evaluations, and letters of recommendation should be mailed to:
 
Graduate Enrollment Management
Loyola University Chicago
820 N. Michigan Ave.
Chicago, IL 60611
 
The application deadline is May 1. Classes at the Medical Center begin on August 4, 2014. There is a 2-day new student orientation on Thursday and Friday of the previous week.
 

Academic Requirements

Applicants should have a Bachelor's degree with an emphasis on the sciences. (Foreign applicants should have the equivalent of a 4-year U.S. Bachelor's degree as verified by the Educational Credential Evaluators.) Some business coursework is desirable, but not required. Applicants should have strong letters of recommendation, grades, and GRE scores. Accepted students typically have a GPA > 3.0 and a GRE composite score of >300 (verbal > 148). Foreign students should also have a TOEFL iBT score > 100 (or written score > 600). The admissions committee focuses on the overall strength of the application, and not just on one criterion.
 
Selected applicants who live in the United States will be invited to interview at the Medical Center Campus, and to tour the facilities and meet with students. Applicants can also arrange to tour the Graduate School of Business and sit in on a class. Overseas applicants will be interviewed by telephone.
 

Tuition

Tuition for the 2013-2014 academic year is $930 per credit hour for M.S. courses and $4,110 per course for the M.B.A. 

Contact information


William Simmons, PhD
Co-Director and Chair of the M.S./M.B.A. Admissions Committee
E-mail: wsimmon@luc.edu


Joanna Bakowska, PhD
Co-Director E-mail: jbakowska@luc.edu


Department of Molecular Pharmacology and Therapeutics
Loyola University Chicago Stritch School of Medicine
2160 S. First Ave. Maywood , IL 60153  


Graduate School of Business
Loyola University Chicago
1 E. Pearson, Room 204
Chicago, IL 60611
Phone: 312.915.6124
Fax: 312.915.7207
E-mail: gsb@luc.edu
Website: luc.edu/quinlan

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