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Proposal: Combined DVM and MBA Degree Program

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Proposal: Combined DVM and MBA Degree Program Proposal: Combined DVM and MBA Degree Program Submitted by: David Bristol, Associate Dean, College of Veterinary Medicine, and Steve Allen, Associate Dean, College of Management JUSTIFICATIONS: Current poor business preparation of veterinary graduates: Increasingly, veterinary practitioners need good business skills to succeed in practice. In 1999, KPMG completed a study of the veterinary profession, an executive summary of which was published in the Journal of the American Veterinary Medical Association. The study found that while 73% of veterinary practice owners rated business skills as required for veterinarians, 60% of them rated new graduates business skills as marginal and 32% rated them as inadequate or poor. The study also found that most veterinary practices do not take advantage of standard good business practices, and that those that did were much more profitable. The gender shift Veterinary medicine has experienced a tremendous gender shift in the last 20 years, from being a male dominated profession to a female dominated one. Currently, 83% of the students in the College of Veterinary Medicine are women. In 2005, the number of practicing veterinarians will transition from a majority of males to a majority of females. This will quickly shift to a high majority of females as older males retire or die and are replaced by female new graduates. This is important to this proposal because surveys have found women veterinary graduates have lower confidence in their business skills than male graduates. College Debt The amount of college related debt is also increasing quickly for veterinary graduates. Improved business knowledge would allow these students to participate in more profitable business practices and help to address the increased debt levels. The need for high-level business skills for veterinarians entering the agribusiness and pharmaceutical industries. Many veterinarians are employed in agribusiness or in the pharmaceutical industry. Having both the DVM and MBA degrees would substantially improve their potential for advancement in those industries beyond the herd health, animal welfare and research roles. Veterinarians in these industries deal with the same business concepts needed in manufacturing industries. Competitive admission of highly sought non-resident students The College of Veterinary Medicine competes with other similar colleges for the top non- residents in our applicant pool. Because the need for business training has received a lot of emphasis in veterinary journals, students are increasingly seeking opportunities for that training in their veterinary programs. Three of the 28 US Veterinary Colleges have associated MBA programs. These programs are at Colorado State University, Texas A&M University, and the University of Pennsylvania. The Veterinary College at NC State competes with these universities for the same highly motivated, business oriented students. CURRENT DEGREE PROGRAMS: The Doctor of Veterinary Medicine (DVM) program The DVM is a four-year professional degree program. In each of the first five semesters the students take a 13 week core curriculum followed by two weeks of electives. The electives give the students the opportunity to tailor their education toward their intended post-graduate career goals. The senior year begins just a few days after the end of the junior year, and consists of 24 rotations, approximately two weeks in length. (longer rotations occur over holiday periods). The current curriculum is as follows: Year 1, Fall semester Course Credits (Lecture – Instructor lab) VMB 911 Anatomy I 4(2-8) Hudson VMB 914 Histology & Cytology. 3(2-4) Sannes VMB 913 Physiology I 5(4-4) Peters VMP 914 Path.Bacteriology/Mycology 3(2-2) Carter VMP 912 Evidence Based Medicine 2(2-0) Levine VMP 916 Health Main. & An. Prod. I 1(0-4) Wages Electives: 2 credits Total Credits:20 Year 1, Spring Semester VMB 921 Vet. Comparative Anatomy 4(2-8) Smallwood VMB 922 Vet. Embryology & Teratology 2(1-1) VMB 923 Physiology II 5(4/4-5/0) Keene VMP 924 Virology 3(2-2) Fuller VMP 925 Immunology 3(2-2) M. Tompkins VMC 927 Intro to Comp Animal Behavior 1(0-2) B. Simpson Electives 2 credits Total Credits: 21 Year 2 Fall Semester VMP 931 Pathology I 4(3-3) Cullen VMP 932 Parasitology 5(4-3) Hammerberg VMB 933 Pharmacology 5(4-2) Fleisher VMB 930 Anesthesiology 2(2-0) Swanson VMC 932 Principles of Surgery 3(1-2) Hardie Electives 2 credits Total Credits: 21 Year 2, Spring semester VMP 941 Pathology II 5(4-3) Meuten VMP 942 Clinical Pathology 3(2-2) Grindem VMP 945 Population Medicine 2(2-0) Cowen VMB 943 Pharmacology/Therapeutics 3(3-0) Papich VMB 965 Veterinary Clinical Nutrition 2(1-2) VMP 936 Hlth Maint & Animal Prod II 1(0-4) Wages VMC 937 Intro to Physical Exam Skills 1(0-4) Stoskopf Electives 2 credits Total Credits: 19 Year 3, Fall Semester VMC 951 Comp. Animal Med. & Surgery 5(4-4) Jackson VMC 952 Equine Medicine & Surgery 4(4-0) Breuhaus VMC 953 Lab Animal & Sp. Species Med. 3(2-2) Lewbart VMP 951 Theriogenology 3(2-4) Whitacre VMB 954 Toxicology/Poisonous Plants 3(3-0) Brownie VMP 958 Public Health Issues in Vet Practice 2(2-0) Cowen Electives 2 credits Total Credits: 22 Year 3, Spring semester VMC 962 Ethics, Jurisprudence, Professional 4 (4-0) Bristol Development and Practice Management VMP 962 Ruminant Medicine and Surgery 3(3-0) Anderson VMC 961 Comp. Animal Med & Surgery II 4(3-4) Munana VMP 964 Swine and Poultry Med 3(3-0) Ley/McCaw VMC 965 Advanced Principles of Surgery 1(0-4) Bowman VMB 960 Radiology and Radiobiology 3(3-0) Thrall VMP 956 Hlth Main & Animal Prod III 1(0-4) Wages VMC 957 Intro to Clinical Practice 1(0-4) Ford Total Credits: 20 The VMC 962 course is a new course planned to be taught the first time in Spring 2007. The focus is on business and career related skills. Credits earned in this course are counted towards the MBA degree. Year 4, Clinical rotations: All students are required to complete a minimum of 20 rotations at 2 credits per rotation, for 40 credits. Student requirements in the senior year depend on their selected focus areas. These requirements are outlined on the attached spreadsheet. The Masters of Business Administration (MBA) Program The NC State MBA program is accredited by the The Association to Advance Collegiate Schools of Business International. The degree is typically completed over a two-year period for full time students and three years for part time students. In addition to completing core courses in the basics of management, students select electives and specialized concentrations: technology commercialization, information technology management, production innovation management, supply chain management, marketing, financial management and biotech/pharmaceutical management. A unique aspect of NC State’s MBA program is its technology focus. The curriculum for the MBA varies depending on the concentration area selected. Below is the course sequence for the biotech/Pharma concentration. Students in the combined program may not take this exact combination of courses, but it provides an idea of the type of courses to be taken. Fifty-one credits are required for the degree. Fall Year One ACC 580 Survey of Accounting ECG 507 Economics for Managers BUS 530 Managing People in the High-Tech Environment BUS 550 Statistics and Quantitative Methods BUS 590 Managerial Effectiveness I (1.5 hours) Spring Year One BUS 520 Managerial Finance BUS 560 Marketing Management and Strategy BUS 570 Production & Operations Management BUS 590 Managerial Effectiveness II (1.5 hours) BUS 590 Strategic Overview of Pharma and Biotech Fall Year Two BUS 500 Strategic Management BUS 506 Legal and Regulatory Issues in Pharma and Biotech Concentration 1 Concentration 2 Spring Year Two MB 590C Case Studies in Microbial Biotechnology Concentration 3 Concentration 4 IT Elective or Global Elective Combined Degree Proposal Applicants interested in the combined degree program must be accepted by both colleges. The DVM application is handled through a national application procedure – the Veterinary Medical Common Application system or VMCAS. The CVM sends supplementary applications to qualified candidates and that application will contain questions to determine the applicant’s interest in the MBA program. Students accepted into the DVM program who express interest in the MBA will have their folders forwarded to the MBA program for evaluation by their admissions committee. Students accepted to both programs will spend year one attending the College of Management’s MBA program full time. This will allow completion of most of the required courses for the program with completion of 27 credits toward the MBA degree. During their first summer they will take one more MBA course, putting them at 30 hours. At the end of the summer they will take part in the CVM orientation exercises. Years two through four will consist of the courses required in the DVM program during daytime class hours in the fall and spring. The VMC 962 Ethics, Jurisprudence and Practice Management course in the DVM program will count as a 4 credit elective in the MBA program. The MBA program also will accept 6 hours of DVM courses as MBA electives, following the practice of the joint MBA/MMB degree. The additional 11 hours of MBA courses will be completed by distance education, during the evenings, and during the summer sessions. We also anticipate the development of some management-oriented electives that will be taught during the last two weeks of the first five semesters in the DVM program. The MBA degree would be granted by no later than the end of the fourth year. Year five will be primarily DVM clinical rotation requirements. During this year students will complete a 6-week, 6 credit business internship at either an Agribusiness or Pharmaceutical firm.
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