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Now one of the largest private universities in the country, Drexel University was founded by Anthony J. Drexel who saw a need for higher education in areas that met the requirements of industry. He founded Drexel Institute of Art, Science and Industry to meet that need. Initially, the school offered no degrees, but, in 1914, after a reorganization, the school began offering bachelor’s degrees. Drexel became the first to offer a cooperative education program in 1919. That model continues today with students alternating periods of study with full-time professional employment.
In 1936, the school became Drexel Institute of Technology and it gained university status, becoming Drexel University, in 1970. Today, more than 24,000 students attend Drexel and the school has a global reputation for leadership, academic technology and use-inspired research. It is ranked as one of America’s best colleges by U.S. News & World Report and in the top 100 colleges by Wall Street Journal. It is ranked in the top 8 percent of institutions in the country by several publications. U.S. News & World Report also ranks Drexel among the top ten “up-and-coming” schools. Drexel was the 2010 Sloan-C Award for Excellence in Institution-Wide Online Education winner as well as the winner of the USDLA 21st Century Distance Learning Award.
MBA in Pharmaceutical Management/Healthcare
The online Master of Business Administration program with a concentration in Pharmaceutical and Healthcare Management is designed to specifically meet the pharmaceutical profession. The program was created by leaders in both business and medicine with a curriculum that explores medical, political, economic and technological forces that shape the industry. The program is customizable, allowing students to match their degree with their own interests. Students are provided multiple residency options as well as networking opportunities that assist them in finding a position upon graduation. Students learn to think strategically using quantitative data and the program can be completed in as little as 18 months.
The MBA program is organized into four 10-week quarters per years rather than a traditional two semester system. This allows students to take more courses in a shorter period. Courses required include:
- Business Problem Solving
- Business Statistics
- Career and Professional Development
- Corporate Financial Management
- Corporate Governance*
- Corporate Reputation Management*
- Essentials of Economics I & II
- Essentials of Financial Reporting
- Financial Performance of Firm Accounting
- Financial Performance of Firm Finance
- Healthcare I, II & III
- Healthcare Marketing
- International Business*
- Introduction to Statistics for Business Analysis
- Leadership & Professional Development
- Leading Dynamic Environments
- Leading High-Performance Teams
- Legal Options in Decision Making
- Managerial Accounting
- Managerial Economics
- Managing & Leading the Total Enterprise
- Managing Techniclogical Innovation
- Marketing & Strategy Planning
- Operations and Supply Chain Management
- Strategic Leadership*
- Strategic Management
- Strategy Analysis
*Students choose one of these courses.
Students must also complete 12 elective credits that will help customize their degree in pharmaceuticals and healthcare. A capstone course is also required.
Drexel University Accreditation Details
Drexel University is accredited by the Middle States Commission on Higher Education which indicates that Drexel offers exceptional education across a wide range of academic disciplines. In addition, accreditation indicates that Drexel has the resources necessary to meet its goals while also striving to improve any areas identified by the accrediting agency as needing improvement during periodic review.
The Lebow College of Business is accredited by the Association to Advance Collegiate Schools of Business and U.S. News & World Report ranks the MBA program as one of the best online graduate programs in the country.
Drexel University Application Requirements
Students who wish to attend Drexel University must complete an application along with required materials. These include official high school transcripts as well as official ACT or SAT scores. Some programs may also require references and a current resume. Students who wish to enter graduate programs must hold a bachelor’s degree or higher from an accredited college or university with a cumulative GPA of at least 3.0. There is not required undergraduate major to apply for the MBA program. Students must also provide official transcripts from all colleges and universities attended as well as two letters of recommendation. A resume, personal statement and official GMAT scores must be provided. Students must have a GMAT score of at least 570. Students may apply for a GMAT waiver if they have at least three years of professional management experience, a consistent career progression or can demonstrate strong quantitative skills.
Drexel University Tuition and Financial Aid
Tuition for Drexel University’s online programs varies depending on the degree program chosen. Tuition for the MBA program is $1,306 per credit hour. Special tuition rates are available for alumni, military members and members of Drexel partner organizations, but the rates only apply to new online students or those being readmitted. Students must contact applyDUonline@drexel.edu within the first two weeks of the term in order to qualify for the tuition reduction. Students cannot combine tuition reductions. If they qualify for more than one, they will be provided the tuition rate that provides the most savings.
Financial aid is available in the form of gift aid, such as grants and scholarships or aid that must be repaid, such as federal and private loans. Students may also qualify for work-study programs. The Free Application for Federal Student Aid (FAFSA) must be completed to qualify for any financial assistance.
Drexel University also offers payment plans and acceptance of Employer Reimbursement as part of their financial aid programs.
Drexel University has been providing outstanding education for almost 100 years and its cooperative education program allows students to gain hands-on experiences that assist them with classroom learning. Drexel University offers a wide range of online programs that provide classes in a flexible format so that students who may have other obligations can achieve their higher education goals. Through Drexel University’s online programs, students are able to move into a new career or advance in a current career while still meeting work, family and social obligations that may prevent them from attending traditional classes.