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Overview

University of the Sciences in Philadelphia

Campus: Philadelphia, Pennsylvania

Type: Private, nonprofit

Accreditation: MSCHE

Base Program Cost: $57,031

Per Credit Hour: $1,391

Minimum Credit Hours: 41

GMAT Required: No

Minimum Time Commitment: 22 months

Online Concentrations: Pharmaceutical and health care business

On Campus Requirement: Yes; although the majority of course work is completed online, students complete three campus-based, one-week residencies at certain milestones of the program. Some courses may require a classroom-based final presentation.

School Site: Online MBA Overview | Tuition | Financial Aid

Introduction

University of the Sciences in Philadelphia is a private, not-for-profit university that is largely focused on educating students in areas of pharmacy, health, and the sciences. The university has nationally ranked professional programs in pharmacy, occupational therapy, and physical therapy, according to U.S. News & World Report. The university strives to better serve working adults by offering an online MBA program. Compared to other online MBA programs in Pennsylvania, University of the Sciences’ program is unique in that it not only equips students with skills and knowledge in general management, but also equips them with specific skills in managing pharmaceutical and health care businesses.

Accreditation

University of the Sciences in Philadelphia is accredited by the Middle States Commission on Higher Education, one of the six most respected regional accreditation agencies in the nation. The university has maintained this accreditation since 1962. Its programs in pharmacy, occupational therapy, and physical therapy also hold specialized accreditation from various accrediting agencies.

Academics

The University of the Sciences in Philadelphia online MBA features course work that centers on students creating a hypothetical pharmaceutical company and working in teams to explore all that is entailed in the successful operation of such a business, from accounting to human resources to marketing. Students will complete group projects, make presentations, participate in vigorous online discussions, study computer simulations, and absorb lectures from faculty and guest speakers. A special feature of the program is the one-week colloquia which take place on campus at three different points in the program, adding some face-to-face interaction to a program that largely takes place online.

Students take general MBA courses like Managerial and Financial Accounting, Managerial Finance, Business Statistics, Leadership and Development, and more. However, hallmarks of the online MBA programs in pharmaceutical and health care business are the courses that prepare students for this unique specialization. These specialization courses include Pharmaceutical Marketing and Sales Management, Issues & Trends in Health Policy, Health Economics, Pharmaceutical Research and Development Management, and Regulation of Prescription Drugs and Ethical Issues, among others. The program concludes with a capstone project in which students get to showcase the knowledge and skills they obtained throughout the program.

Admission

To be admitted into the University of the Sciences online MBA program, applicants must possess at least a bachelor’s degree from an accredited institution of higher education, be fluent in English, show that they have the potential and motivation to pursue demanding graduate study, and submit the following:

  • Completed application
  • Official college transcripts of all colleges and universities attended
  • 500-word statement of professional goals
  • Resume or CV
  • Three letters of recommendation

Most applicants to the online MBA program have a minimum of four years of professional work experience; in fact, the GMAT or GRE is not required because admissions staff value professional work experience over entrance exam scores.

Tuition and Financial Aid

The cost per credit hour for graduate school tuition at the University of the Sciences was $1,391 for the 2012-2012 academic year. With 41 credits required, the total base cost comes out to $57,031, not counting fees, books and course materials, colloquia, or other costs associated with the program. Students should contact the controller’s office for a specific tuition and fee schedule. Financial aid is available for students who qualify. Financial aid may come in the form of merit- or need-based awards, state and federal grants and loans, and part-time employment. The main sources of funding for graduate student grants and fellowships includes: external funding sources, graduate student instructor stipends and tuition scholarships, graduate research assistantships, tuition waivers, and other fellowships, according to the university website.