Meet the health Sector MBA

 

Boston leads the nation in research and discovery in the health and life sciences. In fact, Boston is #1 among Top Ten U.S. clusters for biopharma and a leading city for academic medical centers in the world. Questrom’s Health Sector Full-Time MBA program (HSM) is your ticket to all of it.

Interested in health services delivery, biotechnology, pharmaceuticals, medical devices, or diagnostics? The Health Sector MBA program will prepare you to lead in this fast-growing industry no matter which path you take. As a Top 5 business school in healthcare management (U.S. News 2019), Questrom will make sure you develop the insight and expertise you’ll need to make a difference. Questrom Health Sector MBA students are a part of the Full-Time MBA cohort with a targeted health sector focus. You’ll be prepared to dive right into this competitive marketplace with skills and confidence.

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program overview

Questrom was one of the first business schools in the country to believe an MBA was the best degree to prepare professionals for leadership roles in healthcare and biopharma. Since 1972, the HSM program has equipped talented students with the education and experience they need to lead in the health sector through an innovative, experiential curriculum, intensive skills education, and global learning experiences.

Learn From Nationally-known Health Sector Experts

Questrom is home to some of the nation’s top health sector researchers and practitioners. In fact, over 40 of the 160+ Questrom faculty members have research, specific interest, or industry experience in the health sector. Your HSM professors will bring their expertise directly to you in the classroom every day, covering everything from healthcare delivery to drugs, devices and diagnostics. They’ll also make sure you’re on top of industry trends like new market forces, consumer-driven healthcare, cost sensitivity, and new policies impacting the healthcare and biopharma regulatory ecosystem.

 

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COMMUNITY

The Health Sector MBA community is a tight-knit group. Our students come from all over the globe and have backgrounds in everything from healthcare to biopharma to marketing to finance.

“The faculty here are so plugged in. They are wonderful at introducing students to their contacts, which range from pharmaceutical companies to the Department of Public Health.”

 

Everyone is here to challenge themselves and learn from each other. Diversity is valued. So is teamwork. This is Questrom—globally minded, socially conscious, ethical people determined to use their MBAs to create value and lead positive change.

When you join us, we’ll connect you right away with alumni and other top professionals ready to support and guide you through our Health Sector Mentoring Program. After you graduate, you’ll become part of our vibrant HSM alumni network—more than 2,000 professionals you can rely on throughout your career. 

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Student Experience

Beyond the Classroom

In addition to gaining the same valuable hands-on academic experience as our Full-Time MBA students through summer internships and global immersion courses, our health sector students also participate in HSM-specific student clubs, case competitions, and student treks.

Experiential Learning

Apply what you learn in the classroom to work in the real world right away—creating positive outcomes while you’re still a student.

HSM students can participate in our annual student-led health and life sciences conference or design a health sector-related student trek. Best of all, you’ll study and learn in the center of the world-class Boston health sector scene, collaborating with leaders in the nation’s premier center of health and life sciences. 

 

Student Clubs

We have over 25 different student clubs and organizations, and over 60% of students get involved.

Here are a few options specifically for HSM students.

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careers

The healthcare and biopharma industries are growing—and hiring. In Boston, it’s predicted that biopharma will add 10,000+ new jobs by 2023. With a Health Sector MBA from Questrom, you’re sure to stand out in a crowded field of competitors. In this increasingly complex sector, leaders must possess more than scientific expertise.

The decisions they must make require mastery of sophisticated tools and methods, like the advanced technology of digital health and health analytics. And the teams they lead are interdisciplinary, essential to advancing care and new therapeutics and diagnostics. Questrom’s HSM program—accredited by the Commission on Accreditation of Health Care Management Education (CAHME) and a member of the prestigious Business School Alliance for Health Management (BAHM)—delivers well-prepared graduates who meet these new demands.

YOUR Health Sector CAREER GOAL.
WE’RE ON IT!

Customize for your career

Create a curriculum for the career you want. In addition to your health sector specialization, our MBA career pathways allow you to mix and match electives to reach your individual career goals. Travel your own path! Learn more about career pathways.

Whatever your specialty or area of interest—health services delivery, biotechnology, pharmaceuticals, medical devices, diagnostics—the HSM program will prepare you for the kinds of challenges faced every day across the industry and give you the insight and expertise you need to make a difference. Many of our students go into biopharma, care delivery, healthcare consulting, and digital health. In addition to all of the great career resources we provide to all full-time MBA students, Health Sector MBA students will engage directly with academic experts and industry leaders in the health sector space through global immersion courses, consulting projects, case competitions, guest speakers, classroom activities, and more.

 

 

93%HSM grads employed within 90 days of graduation (2021)

1/3About one-third of HSM graduates find jobs in consulting, biopharma, and care delivery (2021)

$127,701Average salary of HSM grads (2021) + signing bonus

2,000+A strong HSM alumni network in Boston and beyond will help you succeed

Top Health Sector Employers & Recruiters

No matter where you want to work, Questrom’s HSM is a valuable asset. Our students secure internships and employment at all types of industry leaders.

  • Abbott Laboratories
  • Amgen
  • Amwell
  • Anderson Management Consulting Co., Ltd.
  • athenahealth
  • Beacon Health Options
  • Biogen
  • CBPartners
  • Change Healthcare
  • CVS Health
  • Deloitte
  • Harvard Bioscience
  • Healthcare Strategy Partners
  • IQVIA
  • Mathematica
  • Mercer
  • Millipore Sigma
  • New England Quality Care Alliance
  • Optum
  • PwC
  • Sanofi Genzyme
  • Simcare Pharmaceutical Corp.
  • Takeda
  • Thermo Fisher Scientific
  • Vantage Partners

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curriculum

Success in the ever-changing health and life sciences industry calls for a rigorous, responsive curriculum. That’s why we give you plenty of opportunities to customize and focus your degree. Master the core foundations of business, dive deep into Health Sector courses and electives, then put what you learn to the test with a real organization in an internship and a capstone project. And then there are Learning Communities, global immersion courses, and specific Career Pathways. The choice is yours.

HSM Program Requirements

Because the Health Sector MBA is a specialization within the Full-Time MBA program, they share the same curriculum. By adding the health sector specialization, however, you’ll be able to focus your MBA degree with our HSM targeted electives. HSM students must take 3 Health Sector courses and choose 2 additional Health Sector electives. 

The required Health Sector courses follow this path:

Health Sector Issues and Opportunities (QSTHM703)

This course provides a dynamic introduction to the health sector, beginning with the burden and distribution of disease and current patterns of expenditures. While the emphasis will be on the American system, a global context will be developed. The basic elements of insurance and payment, service delivery, and life sciences products will be described, and put in the context of the unique economic structure of the sector. The intense challenges of the sector will be explored, as well as both the ethical issues presented and the opportunities that emerge. Public policy and technological and practice development as drivers of change will be addressed throughout.

Strategy, Economics, and Policy in the Health Sector (QSTHM820)

This course studies the strategic and economic issues facing insurers, providers, and life-sciences companies in the healthcare sector. The course will adapt tools from health economics, strategy, and finance to understand the problems faced by these firms. The course will also examine the problems faced by regulators, who must craft policies that shape the healthcare sector: which hospital mergers to allow; what procedures health insurers must cover; how public programs ought to reimburse life-sciences companies; how quality of care is measured and rewarded; and so on.

Choose ONE of the following:

Health Service Delivery: Strategies, Solutions and Execution (QSTHM710)

The overarching theme of this course is health care organizational transformation. The course will provide knowledge and skills needed to develop and implement high performing health care systems capable of delivering accessible, high quality, efficient services. It will draw upon relevant information from disciplinary areas of study including strategy, operations, marketing, finance, law, human resources, quality improvement, and information technology.

Drugs, Devices, and Diagnostics: New Challenges, Strategies, and Execution (QSTHM717)

This course will examine issues and opportunities in life sciences focused on the pharmaceutical, biotechnology, medical devices sectors and the life sciences service industry supporting these sectors, through the eyes of the CEO. The course will investigate who manages these companies and what are the strategies that are used to build successful enterprises. Students will be introduced to individuals and institutions at every stage of the development cycle from idea generation and start-up fundraising to manufacturing, commercialization and global expansion. We will specifically look at key elements of strategy and the execution by examining companies, that have either succeeded or failed, by discussing the pros and cons of different approaches and teasing out the lessons one can derive from leaders in the field and case studies examining their approaches.

HSM ELECTIVES

Full-Time MBA students at Questrom have choices—10 electives within the program to be exact. Health Sector MBA students are required to take 5 Health Sector electives and may use the additional 5 electives as they wish. You can either take additional health sector electives or explore any elective we offer that fits your interests.

Here’s a sample of some of the Health Sector MBA electives you’ll be able to choose from.

Health Service Delivery: Strategies, Solutions and Execution (QSTHM710)

The overarching theme of this course is health care organizational transformation. The course will provide knowledge and skills needed to develop and implement high performing health care systems capable of delivering accessible, high quality, efficient services. It will draw upon relevant information from disciplinary areas of study including strategy, operations, marketing, finance, law, human resources, quality improvement, and information technology.

Drugs, Devices, and Diagnostics: New Challenges, Strategies, and Execution (QSTHM717)

This course will examine issues and opportunities in life sciences focused on the pharmaceutical, biotechnology, medical devices sectors and the life sciences service industry supporting these sectors, through the eyes of the CEO. The course will investigate who manages these companies and what are the strategies that are used to build successful enterprises. Students will be introduced to individuals and institutions at every stage of the development cycle from idea generation and start-up fundraising to manufacturing, commercialization and global expansion. We will specifically look at key elements of strategy and the execution by examining companies, that have either succeeded or failed, by discussing the pros and cons of different approaches and teasing out the lessons one can derive from leaders in the field and case studies examining their approaches.

Bench-to-Bedside: Translating Biomedical Innovation from the Laboratory to the Marketplace (QSTHM801)

The subject of the course is the translation of medical technologies into new products and services for the healthcare system. The course begins with a rigorous study of university research commercialization including intellectual property, licensing and planning, creating, funding and building new entrepreneurial ventures. Concepts and tools are presented for assessing new technologies and their potential to be the basis for commercialization. Cross- disciplinary teams of students will be formed which will evaluate translational research projects currently being developed at Boston University and other local academic research institutions, to develop a go-to-market strategy. There will be a case studies and guest lecturers to discuss examples of both success and failure in technology commercialization.

Advances in Digital Health (QSTHM817)

Digital technologies are fundamentally transforming the health sector. Health information technology now permeate every segment of the health value chain, starting with the search for health information, to improving patient outcomes, to improving health. In this course students explore the evolving digital health landscape through a mix of case studies, practitioner talks, individual papers and team projects. Students will enhance their digital health requirements and systems selection toolbox. They will develop competence in current digital health technology standards, gain a deeper understanding of the strategic drivers of digital health through the eyes of the healthcare CIO and CMIO, the operational challenges from the perspective of the end user and the healthcare providers, and challenges of incorporating digital health technologies into existing workflows.

Health Sector Marketing (QSTHM833)

This course provides an understanding of health sector marketing for health care services delivery (e.g., health systems, independent hospitals, hospices, pharmacies), for private business (e.g., life sciences, pharma, and biotech), and for insurance (e.g., commercial insurance and government). The course explores marketing insights and marketing strategies in the context of the evolving health sector. Topics addressed include the marketing of health care services by providers, insurance product marketing, marketing to physicians, new product development, particularly for pharmaceuticals and medical devices, and consumer adoption of medical and service innovations. The course will build students' knowledge of the unique challenges of health sector marketing and will build facility with applying the principles of marketing to situations across this vast landscape.

Health Sector Consulting (QSTHM840)

This is an applied consulting project course that aims to develop reflexive practitioners who can elicit client requirements, translate requirements into a problem statement and develop actionable solutions that meet client needs. The course uses a mix of case studies, individual memos and team project deliverables to systematically apply skills developed over the course of the MBA to solve real-world health sector problems. Students work on the consulting assignment in teams of up to four students based on having a shared interest in a prospective consulting project. These projects are curated in partnership with sponsor organizations to be executable within the framework of an academic semester. Projects in the past have ranged from improving the departmental revenue cycle within an academic medical center, developing an international pricing strategy for the introduction of a new product by a pharmaceutical company, to improving safety culture at a large hospital. These projects all have active involvement of the project sponsors who provide access to their organizations and provide ongoing feedback over the lifecycle of the consulting engagement.

Driving Health Sector Innovation (QSTHM848)

This course examines an array of compelling opportunities for innovation, incremental and disruptive, across products and services, created within existing organizations or by starting new businesses. It bridges design and implementation, examining the unique and complex array of elements that make successful innovation in the health sector so difficult, and developing the skills and knowledge needed to effectively address those challenges. The course provides a conceptual framework, and then emphasizes hands-on engagement, concrete exercises, written cases, and in-class speakers who are engaged in real-world innovation initiatives. Students will have the opportunity to focus on areas of particular interest and relevance to current or future work. They will leave better equipped to drive or support the viable, value-creating innovation so desperately needed in the health sector.

Intellectual Property Strategies (QSTSI814)

This course covers the ways in which companies use intellectual property to protect their investments in knowledge assets. Traditionally a concern for technology-intensive businesses, patents, copyrights, trademarks, and trade secrets have become important business tools throughout the knowledge-based economy. A good understanding of what IP assets are and how they work has become essential for managers in all types of organizations. This is not a law course, nor a how-to manual rather it is intended to develop your analytical understanding of fundamental economic and legal aspects of intellectual property systems, and how they drive competition and strategy.

*Courses QSTHM710 and QSTHM717 will count as an HSM elective if not taken as an HSM core course.

 

RELATED DEGREE PROGRAMS

You can take on the Health Sector MBA at a full-time or part-time pace. Or, tackle two areas at once with our health sector joint degree options. It’s your career vision. We’ll help you make it real.

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