MD/MBA DUAL DEGREE PROGRAM AGREEMENT Effective November 1, 2008, the School of Medicine and the Darden School of Business will offer a dual degree program in which a student may obtain both the M.D. and the M.B.A. degrees in 5 years instead of the 6 years that would be required if each were taken separately. 1. RATIONALE AND OBJECTIVE – To allow students to gain expertise and receive degrees in Medicine (M.D.) and Business (M.B.A.). 2. ADMINISTRATION OF THE PROGRAM – A Program Committee administers the dual degree and is composed of Meg G. Keeley M.D., Assistant Dean for Student Affairs from the School of Medicine and Philippe L. Sommer, Director of Entrepreneurship Programs from the Darden School of Business, as designated by the respective Deans. 3. ADMISSION TO THE PROGRAM – The student is obligated to secure separate admission to both the School of Medicine and the Darden School of Business. Application to one school may be made prior to entrance to the other, or while the applicant is a first, second or third year student in the School of Medicine. In either case, the applicant will be held to the same standards as any other applicant, and the fact that he or she is a candidate for the dual degree program will not be considered in the admissions process. Once admitted independently to each school, the student may make application to the Program Committee for admission to the dual degree program. Admission to the dual degree program will be judged according to criteria which it is the responsibility of the Program Committee to develop and will not be guaranteed by virtue of acceptance at both schools. 4. CURRICULUM – The curriculum is outlined in the table below. The following table reflects the breakdown of where the students will spend their time during the 5 years. Fall Spring Summer Year 1 SOM SOM Year 2 SOM SOM * Year 3 SOM SOM * Year 4 Darden Darden SOM * Year 5 Darden Darden / SOM *Students will spend the summer of years 2-4 in the SOM. School of Medicine: Number of Credit Hours Required: The SOM does not use credit hours for courses. The SOM does aggregate credits for the 4th year Electives Program. The courses from the Darden School are medically-related courses. The students in the dual degree program must successfully complete 4 of these courses to receive credit towards completion of their Electives Program. Detailed Curriculum Description (see Appendix I) Darden School of Business: Number of Credit Hours Required: 52.5 Detailed Curriculum Description (see Appendix II) 5. REGISTRATION, TUITION AND FEES – During the first three years in Medical School, the participant is treated as a regularly matriculated student at the Medical School. During the first year in the Darden School of Business, the participant is treated as a regularly matriculated student at the Darden School. During the summer between his/her 4th and 5th year, the participant will be matriculated in the School of Medicine. During the first semester of his/her fifth year, the participant is treated as a regularly matriculated student at the Darden School and during the second semester of his/her fifth year, the participant is treated as a regularly matriculated student at the School of Medicine The participant will be charged the tuition and fees of the school he/she is registered in. Unlike other school of medicine students, he/she will be charged tuition and fees for the summer session between his/her 4th and 5th year. Also, during the second semester of his/her fifth year, the participant will be charged a separate SOM tuition and fees which blends both SOM and Darden tuition. The SOM will reimburse Darden for the 3rd quarter of the 5th year when the participant will be registered in the School of Medicine and taking classes in the Darden School. 6. CHANGE OF STATUS – At any point in the program, the participant will be permitted to terminate plans for a combined degree and to continue toward a single degree at either school. He or she will then be required to satisfy the normal requirements for the school he or she has chosen, which may include credit for some of the work done in the other school as determined by the appropriate officials of the school in question. 7. FINANCIAL AID – Financial aid will be administered by the financial aid offices of the school the student is registered in. Unlike other Darden students, participants in this dual degree program are only eligible for 3/4ths of a merit scholarship in their 5th year, appropriated to the 3 quarters in which they will be taking Darden coursework. Participants are eligible for ½ a semester of medical school financial aid in the last semester of their fifth year but will have full access to medical school loans. The summer session at SOM will be considered a trailing semester for financial aid purposes. Students receive UFAA forms for the coming academic year based on the school they are registered in currently. Therefore, Darden and SOM financial aid offices will ensure that MD/MBA students who will switch registrations 4 times during the program receive and complete the correct UFAA forms. This will be coordinated between both offices in the business practices for Financial Aid meeting. 8. EXTRACURRICULAR ACTIVITIES – The participant will be eligible to participate in the extracurricular activities of both schools to the extent time permits. 9. GRADING STANDARDS – The participant is required to meet the grading standards of both schools independently to remain in good standing. Each school retains the right to drop students from its degree programs following its usual academic standards and procedures. Problems which arise in translation of different grading scales resulting from the dual degree program will be dealt with by the Program Committee. Grades will be recorded on the student’s transcript under the system in effect at the school in which the course is taken. 10. FACULTY ADVISORS – The School of Medicine faculty advisor is Dr. Meg Keeley, Assistant Dean for Student Affairs. The Darden School of Business faculty advisor is Philippe Sommer, Director of Entrepreneurship Programs. Approved: 1/27/2009; SOM course update 8/29/2013 Appendix I First 18 months in the School of Medicine FOUNDATIONS OF MEDICINE CELLS, TISSUES AND MECHANISMS OF DISEASE CLINICAL PERFORMANCE DEVELOPMENT I CLINICAL PERFORMANCE DEVELOPMENT II CLINICAL PERFORMANCE DEVELOPMENT III EXPLORATORY-1 (Social Issues in Medicine) INTEGRATED SYSTEMS I INTEGRATED SYSTEMS II Clerkship Training- in the School of Medicine MEDICINE OBSTETRICS & GYNECOLOGY PEDIATRICS SURGERY PSYCHIATRY FAMILY MEDICINE EMERGENCY MEDICINE PERI-OPERATIVE AND ACUTE CARE MEDICINE NEUROLOGY MED 6712 MED 6714 MED 7718 MED 7719 MED 7720 MED 6513 MED 7729 MED 7730 MED 8642 MED 8646 MED 8648 MED 8650 MED 8652 MED 8656 MED 8657 MED 8651 MED 8672 Year 4 (spring/summer) and Year 5 in the School of Medicine: GERIATRIC MEDICINE MED 8643 ELECTIVES PROGRAM MED 9670 DXRX: HEALTH CARE POLICY MED 9680 Appendix II Year 4 in Darden: Management Communication Global Economies & Markets Financial Management & Policies Accounting for Managers Marketing Operations Management Leading Organizations Decision Analysis Business Ethics Strategic Thinking and Action first-year elective* first –year elective* first-year elective* Year 5 in Darden: Innovation Emerging Medical Technology Survey of the Healthcare Sector Darden Business Projects – Consulting Darden Business Projects – Venturing Darden Business Projects – Case Development Biomedical Discovery in the 21st Century: Innovation, Entrepreneurship, and Social Responsibility GBUS 721 GBUS 723 GBUS 725 GBUS 727 GBUS 729 GBUS 731 GBUS 734 GBUS 735 GBUS 738 GBUS 740 ENTRE 884 ENTRE 8345 GEN 8402 895A-C 895D-E 8952-3 PHS 681/581 A number of courses at the Law school are appropriate. For example: Themes In Biomedicine: The Future Of Health Care Reform (Yr) (Section 0001) Food And Drug Law (Section 0001) Germs and Justice: Law and Disease A multi school independent study: “Independent Study in Biomedical Innovation, Design, and Commercialization”. This is a joint project of Darden, School of Architecture, School of Nursing and Biomedical Engineering. All non-Darden courses taken for Darden degree credit would require the approval of the Darden second-year coordinator.