Campus: DeLand, FL
Base Program Cost: $42,000
Per Credit Hour: $750
Minimum Credit Hours: 24
GMAT Required: No
GRE Required: 300
Time Commitment: 33-40 months
Online Concentrations: MSPharma/MBA Duel Degree
On Campus Requirements: No
School Site: Overview
The online PharmaMBA program is a joint MSPharma/MBA degree with the University of Florida’s College of Pharmacy and Stetson University’s School of Business Administration.
Founded in 1883 by New York philanthropist Henry A. DeLand as the DeLand Academy, Stetson University was the first private school in Florida. Later renamed in honor of John B. Stetson, the school launched its business school in 1885 and offered its first MBA degree in 1960. It began offering its online MSPharma/MBA in conjunction with the University of Florida in 2008.
The University of Florida is the state’s largest university – and the nation’s fourth-largest – traces its beginnings to a small seminary founded in 1853. Enrolling approximately 50,000 students annually, UF is home to 16 colleges and more than 150 research centers and institutes. UF offers online degrees in a variety of fields.
The average student is a working professional. Sixty percent of the students are pharmacists. Other students work in pharmaceutical or hospital settings and are seeking a degree to enhance their careers.
Stetson University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools. Stetson’s School of Business Administration is accredited by AACSB, the Association to Advance Collegiate Schools of Business, placing it among the elite business schools worldwide. The University of Florida is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools.
The MSPharma/MBA degree is structured for working adults and coursework is fully online, with the exception of in-person exams near the conclusion of the three-year program. Students are exposed to non-clinical courses through the University of Florida School of Pharmacy and core business principles through Stetson’s School of Business. Neither of the degrees in the join program are abridged: Students are taking a full complement of the requirements for each.
MSPharma: Students complete 24 School of Pharmacy credits within one of six specialty tracks: pharmacy regulation and policy, applied pharmacoeconomics, drug regulatory affairs, clinical research regulation and ethics, patient safety and risk management, and institutional pharmacy leadership. Six credits are transferred from the Stetson MBA program to complete the MSPharma degree.
MBA: The Stetson online MBA curriculum is divided into two broad areas: the pre-requisite, business foundation and the advanced, MBA level courses. Most applicants will not need foundation coursework and will begin advanced work immediately even if their undergraduate degree was in something other than business. Coursework in the MSP program usually satisfies the pre-requisite, business foundation requirement. This allows the typical student to complete the required advanced business coursework in 4 semesters. Each student’s situation is evaluated individually.
Dual degree students complete 24 credits in the form of 3-credit online courses at each school, with each institution accepting 6 transfer credits from the other to complete each 30-credit program of study. Students in the joint degree program complete 48 credit hours of study overall. Both degrees can be completed in approximately three years.
Students study one class at a time for seven weeks and usually meet twice a week. There are two classes per semester. Online coursework in both the MBA and MSPharma are delivered in a synchronous format via Elluminate, which allows for live interaction with professors and students. Classes are scheduled at 8:30 pm ET to ensure students are able to attend classes.
The program utilizes Sakai for course management and Elluminate as its virtual classroom platform.
Stetson University also offers an online Master’s of Accountancy degree. The University of Florida offers a variety of online degrees as well.
Candidates for the online MSPharma/MBA are required to apply to the University of Florida’s School of Pharmacy and also submit transcripts to Stetson University School of Business Administration. Acceptance in the joint degree program by the University of Florida guarantees admission into the Stetson University portion of the program.
Students may enter the program for either a Fall or Spring start. Students starting in the Fall will complete the joint program in 33 months. Students who begin in Spring will complete the program in 40 months.
University of Florida School of Pharmacy admissions criteria:
- Application and application fee
- Accredited undergraduate degree (in any field) or a Pharm.D. degree
- Official transcripts
- GRE results. (The GRE is waived for those students who have already earned a Pharm.D., J.D., M.D., or Ph.D.)
- 3.0 or better GPA in upper division undergraduate coursework
Stetson University School of Business admissions criteria:
- Official transcripts
Complete details on the admission process can be found on the program site. Information for international students can also be found on the site.
To learn more about admission requirements, financial aid and tuition, contact the University of Florida School of Pharmacy admissions office.
Tuition and Financial Aid
The base program cost is $42,000. This figure does not include the cost of fees or textbooks.
The UF MSPharma portion of the joint degree has a base cost of $18,000 or $750 per credit hour for a total of 24 credits — an additional 6 credit hours will be applied from the Stetson portion of the degree. The Stetson MBA portion of the joint degree has a base cost of $24,000 or $1,000 per credit hour for a total of 24 credits — an additional 6 credits will be applied from the University of Florida. Each degree has a total of 30 credit hours.
Online students have access to technical support services, alumni networks and alumni affairs offices at both the University of Florida and Stetson University. Faculty and staff are available for academic advising. Students will also have access to career services and library collections.