Biomedicine and Business MS

2 Years On Campus Masters Program

Drexel University

Program Overview

The Master of Science in Biomedicine and Business at Drexel University is an interdisciplinary programme that combines biomedical sciences, scientific discovery, technology commercialisation, and business management. Designed for students interested in leadership and management careers in biotechnology, pharmaceuticals, healthcare, research, and other science-focused organisations, the programme develops expertise in biomedical technology development, finance, economics, organisational leadership, and business strategy while helping students understand how scientific innovations can be transformed into commercially viable products and services.

Curriculum Structure

Year 1: Biomedical Science Foundations and Business Principles

Students begin by developing an understanding of biomedical science, scientific research, and the commercial aspects of healthcare innovation. Core subjects include Foundations of Applied Biomedicine, Biomedical Ethics, Commercialization of Biomedical Technology, and Measuring and Maximizing Financial Performance. Students also study Managerial Economics and can select electives such as Applied Statistics for Biomedical Sciences, Biostatistics I, and Biomedical Career Explorations, developing the scientific and financial knowledge required to evaluate biomedical technologies and their commercial potential.

Year 2: Biomedical Innovation, Commercialisation, and Business Management

Students advance their knowledge through Biomedical Innovation Development and Management, focusing on the processes involved in developing, evaluating, and managing biomedical innovations. They can specialise through electives such as Fundamentals of Molecular Medicine, Immunology, Immunopathology and Infectious Diseases, Emerging Infectious Diseases, and Introduction to Clinical Trials. Business electives include Corporate Financial Management, New Venture Planning, Marketing Strategy and Planning, Business Consulting, and Leadership and Professional Development. Students may also undertake an optional flexible internship or experiential learning component to gain practical exposure to biomedical research, technology commercialisation, and business operations.

Focus Areas

Biomedical Sciences, Biomedical Technology Development, Scientific Discovery, Technology Commercialisation, Biomedical Innovation, Pharmaceutical Business, Biotechnology Management, Healthcare Finance, Managerial Economics, Business Strategy, Organisational Leadership, Biomedical Ethics, Clinical Research, Molecular Medicine, Immunology, Biostatistics, Entrepreneurship, and Business Development.

Learning Outcomes

Graduates will be able to evaluate the scientific merit of existing and emerging biomedical technologies, understand the fundamentals of basic science and clinical research, analyse business challenges associated with biomedical product development and commercialisation, evaluate organisational strategies and market opportunities, identify and address professional ethical dilemmas, develop financial and business management solutions, and communicate scientific and commercial findings through professional reports and presentations. They will also develop the skills to identify career opportunities and contribute to management and leadership roles in science-oriented organisations.

Professional Alignment (Accreditation)

The programme combines biomedical science education from Drexel University College of Medicine with business courses taught by faculty from the Bennett S. LeBow College of Business. The curriculum provides interdisciplinary preparation in biomedical research, technology development, pharmaceutical commercialisation, finance, and business management. The official programme catalogue does not specify a separate professional accreditation for this particular degree.

Reputation (Employability Rankings)

Career opportunities: Graduates are prepared for management and leadership positions in biotechnology, pharmaceutical companies, academic institutions, government agencies, and nonprofit organisations.
Industry relevance: The programme combines scientific knowledge with business and commercialisation skills, supporting career opportunities in biomedical technology development and healthcare innovation.
Practical experience: Students can choose an optional internship or experiential learning component to gain exposure to professional environments.
Potential career roles: Biomedical Business Manager, Biotechnology Business Development Manager, Pharmaceutical Project Manager, Biomedical Product Manager, Healthcare Business Analyst, Clinical Research Manager, Technology Commercialisation Specialist, and Research Operations Manager.
Career development: The curriculum includes Biomedical Career Explorations and professional development opportunities to help students identify suitable career pathways.

Note: The university does not publish a specific employment rate or programme-level employability ranking for this degree in the cited official sources.

Experiential Learning (Research, Projects, Internships etc.)

At Drexel University, the Biomedicine and Business MS program is designed to provide students with a robust blend of theoretical knowledge and practical skills essential for success in the rapidly evolving fields of biomedicine and business. Students engage in hands-on learning experiences that prepare them for real-world challenges, utilizing state-of-the-art facilities and resources. The program emphasizes experiential learning through various avenues, ensuring that graduates are not only knowledgeable but also equipped with the skills needed to excel in their careers.

Here are some key components of the experiential learning opportunities available in the Biomedicine and Business MS program:

- Interdisciplinary Collaboration: Students often work on group projects that bring together diverse perspectives from both biomedicine and business, fostering teamwork and innovative problem-solving.

- Internships: The program encourages students to participate in internships with leading healthcare organizations, biotech firms, and pharmaceutical companies, providing invaluable industry experience.

- Research Laboratories: Access to advanced research labs allows students to engage in cutting-edge research projects, enhancing their practical skills and understanding of biomedicine.

- Digital Tools and Software: Students gain proficiency in industry-standard software and tools, such as statistical analysis programs and project management software, which are crucial for data-driven decision-making in business contexts.

- Field Trips: The program includes field trips to local biotech companies and healthcare facilities, offering students firsthand insights into the industry and networking opportunities.

- Libraries and Research Institutes: Students have access to Drexel's extensive library resources and specialized research institutes, which support their academic and professional development.

- Networking Events: The program hosts various networking events and guest lectures featuring industry leaders, providing students with opportunities to connect with professionals and learn from their experiences.

These experiential learning opportunities are designed to ensure that you not only learn the theory but also apply it in practical settings, making you a competitive candidate in the job market.

Choosing the Biomedicine and Business MS program at Drexel means you’re investing in a future where you can make a significant impact in the healthcare and business sectors. I encourage you to apply and take the next step toward an exciting career!

Progression & Future Opportunities

The Biomedicine and Business MS program at Drexel University equips graduates with a unique blend of skills that are highly sought after in today’s job market. Alumni often find themselves in dynamic roles such as Clinical Research Manager, Pharmaceutical Sales Representative, and Healthcare Consultant. With the growing intersection of healthcare and business, the opportunities for advancement are vast and promising:

- University Services: Drexel offers robust career services, including personalized career counseling, resume workshops, and networking events that connect students with industry professionals.
- Employment Stats and Salary Figures: Graduates of the Biomedicine and Business program have a strong employment rate, with many securing positions within six months of graduation. The average starting salary for graduates in related fields is around $70,000, with potential for growth as experience increases.
- University–Industry Partnerships: Drexel has established partnerships with leading healthcare organizations and biotech firms, providing students with internship opportunities and real-world experience that enhances their employability.
- Long-term Accreditation Value: The program is accredited by relevant professional bodies, ensuring that the education you receive meets high standards and is recognized by employers in the industry.
- Graduation Outcomes: The program boasts a high graduation rate, with many students going on to pursue impactful careers in healthcare management, research, and entrepreneurship.

Further Academic Progression: After completing the Biomedicine and Business MS, students have the option to further their studies by pursuing a PhD in Biomedical Sciences or an MBA with a focus on healthcare management. This can open doors to advanced research positions, executive roles in healthcare organizations, or even academic careers in teaching and research. The interdisciplinary nature of the program prepares you well for these advanced studies, making it a stepping stone to even greater achievements in your career.