Global Medical Industry MBA
Minneapolis, USA
Master degree
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
STUDY FORMAT
Blended, Distance Learning
Key Summary
The program is designed to equip experienced professionals with the knowledge and practical skills related to the management of the medical industry. Graduates from the program will obtain an MBA degree from the University of Minnesota and is available virtually to applicants in any country.
Accredited and Respected
Carlson School has held accreditation since 1920 from the Association to Advance Collegiate Schools of Business. It has the first MBA program in China with a focus on the medical industry.
Top-Ranked Curriculum
At the Carlson School, you'll learn from the best. Faculty and industry practitioners who teach medical industry-specific courses are experts in the medical industry with academic teaching and research backgrounds.
Diverse Global Network
You'll join the Carlson School network of fellow students and alumni in more than 100 countries worldwide, and forge new connections among our community of influential business leaders.
“The Global Medical Industry MBA combines the best elements of the Carlson School’s award-winning and innovative medical industry experiential learning, popular virtual executive education, and strong worldwide professional network of alumni, entrepreneurs, and collaborating intuitions across six continents. As a professor and architect of this program, I teach the Global Healthcare Marketplace course to set the stage and expectations for the opportunities, challenges, and potential breakthrough pathways for future global leaders of the largest and most vital industries on the planet.”
– Steve Parente, Associate Dean of Carlson School of Management and Director of the Medical Industry MBA
“For my leadership and ethics course, it is important to unpack and explore these real-time case examples: the supply chain for adequate PPE for essential workers; the accelerated timelines for new vaccine development; the need to adopt sometimes difficult measures to protect employees from COVID-19. My course allows students to discuss and analyze these cases, and others, in a reflective and methodical way.”
– Rand Park, Senior lecturer, Carlson School of Management
The Global Medical Industry MBA program is designed to equip experienced professionals with the knowledge and practical skills related to the management of the medical industry. Online course delivery allows students to complete this degree from anywhere in the world. Students will fully engage with the class content and virtual discussions, facilitated by faculty. Classes are taught by preeminent faculty in the field who hold a strong commitment to teaching, learning, and research. A key component of the class will be the use of cases based on real issues facing well-known organizations and leaders. In addition, students conduct market assessments for new medical innovations through the Medical Industry Valuation Lab, helping assess new medical product ideas and streamlining the time to market.
The Global Medical Industry MBA program consists of 19 online courses. The first and second semesters provide students with the core curriculum of the MBA program, facilitating an in-depth examination of the functions of the organization. Courses in the third and fourth semesters are designed to expand on complex management challenges and the larger context of the global medical industry.
First Academic Year
- Financial Accounting
- Leading Others
- Strategic Management
- The Global Healthcare Marketplace
- Health Law and Intellectual Property Strategy
- Managerial Accounting
- Data Analysis and Statistics
- Financial Management
- Managerial Economics
- Supply Chain & Operations
Second Academic Year
- The Ethical Environment of Business
- Information Technology & Systems
- Pharmaceutical Industry
- Medical Device Technology
- IT in Healthcare
- Medical Technology Evaluation & Market Research
- Research & Development of Medical Technology
- Data-Driven Project Work
- Medical Industry Valuation Lab
The Medical Industry Valuation Lab is geared to provide participants interdisciplinary and experiential learning opportunities. Students work in cross-functional teams to conduct market assessments for new medical innovations, helping assess new medical product ideas and streamlining the time to market.
The valuation process involves multiple stages, from assumptions to validations, verifications, challenges, and proposed solutions. This dynamic experience helps students develop a more robust understanding of how to evaluate new technology or service from a global perspective, and help prepare them for leadership roles in an ever-evolving medical industry.
At the end of the 10-day program and intense intellectual inquiry, students prepare client presentations and recommendations for faculty and inventor critique.
The Medical Industry Valuation Lab also provides industry innovators with a top-to-bottom analysis of their medical innovation and its prospects in the market.
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