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Life Science Degree Information - MBA Degree Info

Published Jan 14, 2007

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The MBA in Life Sciences degree prepares graduates to enter management positions in biotechnology, bioinformatics, pharmaceuticals and other life sciences that are grounded in scientific research. The MBA holder in this field will be prepared to handle the business applications such as strategic planning, financial operations, marketing and team building.

A Life Science MBA is a graduate level degree that teaches students to perform management functions in the fast growing life sciences industries. Students develop the clinical skills of biotechnology as well as the business management foundations of budgeting, human resource management, information technology applications and organizational development.

Coursework May Include:

  • Resource Economics
  • Marketing for Biotechnology
  • Environmental Law & Policy
  • Consumer Economics
  • Tax Accounting
  • Managing Research Organizations
  • Strategic Planning
  • Human Resource Management

Skills Acquired

Graduates of Life Science MBA degrees should be knowledgeable in biology, chemistry, environmental and other life sciences. An understanding of ethics as they apply to human and animal life in science is essential for managers of biotechnology, as is knowledge of funding large research projects and change management.

Why Earn this Degree?

This is one of the fastest growing industries in the United States and will continue to expand as new medical and biological technologies emerge and develop. Leaders in this field need to know how to find funding sources, manage professionals and understand the complex legal and ethical issues involved.

Economic Outlook and Salary Information

Opportunities will be plentiful in the fast moving, lucrative fields of scientific research and development in the life sciences. According to the United States Bureau of Labor Statistics (BLS), www.bls.gov, average annual salaries for managers in biotechnology and pharmaceuticals were $77,000 in 2004.

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