You are here: Home / News Release Archives / 2012 / February / Penn State to Offer Joint M.D./M.B.A. Program

Penn State to Offer Joint M.D./M.B.A. Program

The Smeal College of Business and Penn State College of Medicine have teamed up to offer a five-year joint M.D./M.B.A. program beginning in the 2012-2013 academic year. Designed to appeal to highly qualified and motivated medical students who have an interest in the business of medicine, the program is now accepting applications for admission in the fall 2012 semester.
February 15, 2012

The Smeal College of Business and Penn State College of Medicine have teamed up to offer a five-year joint M.D./M.B.A. program beginning in the 2012-2013 academic year. Designed to appeal to highly qualified and motivated medical students who have an interest in the business of medicine, the program is now accepting applications for admission in the fall 2012 semester.

The program's goal is to train medical doctors as both good clinicians and skilled business analysts. Such graduates may decide to be in clinical practice, but possessing the additional M.B.A. degree opens up myriad possibilities, including managing hospitals and working for firms in biotechnology, consulting, insurance, medical devices, pharmaceuticals, venture capital, and other industries.

"There is a clear demand in our economy for managers and leaders who are able to understand both the scientific side of an industry and the business models that drive that industry," said James B. Thomas, the John and Becky Surma Dean of Smeal. "Graduates of the M.D./M.B.A. program will be experts in medicine who have credibility with both their health care and business constituents, allowing them to lead their organizations and the industry to new levels of success on both fronts."

The first three years of the joint M.D./M.B.A. program will be spent at the College of Medicine completing the standard medical school curriculum. During the fourth year, students will move to the Penn State Smeal MBA Program to participate in the standard first-year M.B.A. curriculum. The fifth year will consist of a mix of work in both business and medicine.

M.D./M.B.A. students must be accepted to both Smeal and the College of Medicine. Interested students will be encouraged to identify themselves as candidates for the joint degree program upon application to the College of Medicine, however, they can apply at a later date.

For more information about admissions to the Penn State Smeal MBA Program and the College of Medicine, respectively, visit www.smeal.psu.edu/mba/admission and med.psu.edu/web/md/admissions.

The M.D./M.B.A. program is not the first joint degree program for either college. Smeal offers a four-year J.D./M.B.A. program with the Penn State Dickinson School of Law. The College of Medicine offers an eight-year M.D./Ph.D. program to prepare students for careers as physician scientists and an M.B.A./Ph.D. in Pharmacology program with Penn State Harrisburg.

Filed under:
Recent News
Penn State Smeal team finishes second in inaugural Smeal MBA Sustainability Case Competition 18 Dec Penn State Smeal team finishes second in inaugural Smeal MBA Sustainability Case Competition

A team of MBA students from the Penn State Smeal College of Business finished second in the inaugural Smeal MBA Sustainability Case Competition, which the college recently hosted in its Business Building on the Penn State University Park campus.

Rost Named Fall 2014 Smeal Student Marshal 15 Dec Rost Named Fall 2014 Smeal Student Marshal

The Penn State Smeal College of Business has named Daniel Rost as the student marshal for fall 2014.

Final Five Teams to Vie for $17,500 in Smeal MBA Sustainability Case Competition 01 Dec

Five teams of MBA students from programs in the U.S. will compete Dec. 5 for $17,500 in prize money in the inaugural Penn State Smeal College of Business MBA Sustainability Case Competition.

Businessweek ranks Smeal MBA Program No. 2 in ROI 17 Nov

The Penn State Smeal MBA Program ranks No. 2 in return on investment according to the latest Bloomberg Businessweek rankings.

Smeal Names Four New Members to Its Board of Visitors 31 Oct

The Penn State Smeal College of Business has named four new members to its Board of Visitors. Joining the board are Jon Grosso, ’89, executive vice president and director of stores for Kohl’s Department Stores; Ron Morgan, ’93, co-founder of MorganFranklin Consulting; Stephen Reeves, ’81, executive vice president and chief financial officer of Enviva Holdings; and Salomon “Sal” Sredni, ’87, chief executive officer of TradeStation Group, Inc.

More Recent News... More Recent News...