Established in 1851, University of Minnesota is the state’s land-grant university and one of the most prestigious public research universities in the nation. It is considered as one of the “Public Ivy League” universities in the United States. Till now, there are 25 noble prize winners who has once studied or researched in the University of Minnesota.(9 in economics and 2 in medical). There are alumni who was former Chief Justice of the United States and former Vice President of the United States.

Carlson School of Management

Since its founding in 1919, the University Of Minnesota School Of Business is one of the leading public research land grant universities in the country. In 1920, the University of Minnesota became the 18th school to be accredited by the Association to Advance Collegiate Schools of Business (AACSB). It has the first MBA program in China with a focus on the medical industry.
2020, ranked the 47th as best Global Universities and 29th in subject of Economics and Business in U.S. News.
2020, ranked the 28th as America's Best Graduate Schools – Business in U.S. News.
2020, ranked the 13th as America's Best Graduate Schools - Part-Time MBA Program in U.S. News.
In 2017 BAHM Case Competition, the team from University of Minnesota Carlson School of Management got the 2nd place, with the team from Harvard Business School got the 1st place and team from Wharton School at the University of Pennsylvania got the 3rd place.

Tongji University is one of the top and most prestigious public research universities in China with more than 110 years of history. The history of Tongji can be traced back to 1907 when German Medical School was founded by Erich Paulun, a German doctor in Shanghai. It became National Tongji University in 1927, one of the seven earliest national universities of China. Over 140 alumni are academicians of the Chinese Academy of Sciences, or the Chinese Academy of Engineering.

School of Economics and Management, Tongji University

Tongji University began programs in Economics and Management in 1956 and was one of the earliest universities in China to launch such programs. The School of Economic Management was founded in 1984 and merged with the Business School to become the School of Economics and Management (hereinafter referred to as SEM) in 1998.
At present, SEM is an official member of AACSB, EFMD, AMBA and PRME. It has been awarded AMBA Accreditation, EQUIS Accreditation and AACSB Accreditation. 
2019, SEM’s master’s in management was globally ranked the 28th by Financial Times. 
2018, SEM ranked the 10th among top 20 Asia-Pacific business schools by Financial Times. 
2017, Management Science and Engineering Discipline is accredited as the A+ Level (the top 2% in China)

Overview

Tongji-University of Minnesota (Medical Industry) Double Degree MBA program is offered through a partnership between Tongji University School of Economics and Management and the Carlson School of Management. The program takes place primarily in Siping Campus, Tongji University, Shanghai, China.

The program serves experienced individuals who are current and aspiring managers in the medical industry of China. It is launched with the strategy of global perspective with the mission of offering a best-in-class MBA program with specialized knowledge of the medical industry.

The program is designed to equip experienced professionals with knowledge and practical skills related to the management of the medical industry. Graduates from the program will obtain the postgraduate diploma of Tongji University and master of business administration degree both from Tongji University and University of Minnesota.

Features
  • A unique MBA program specialized in medical industry.
  • Small-size class be taught in English; help students understand the complexity of the overall medial industry and business management.
  • Exchange study to Universities in the United States, Europe and other countries.
  • Enjoy the alumni association of both Tongji University and University of Minnesota.
  • Be a member of the Business School Alliance for Health Management (BAHM), connects with other top leading business schools who are members of BAHM, such as Harvard Business School, Yale School of Management, Northwestern University Kellogg School of Management, University of Pennsylvania Wharton School of Business and University of California Berkeley- Haas School of Business and etc.
  • Accelerating innovation through experiential learning in Valuation Lab project. Students from Minnesota campus and Tongji campus will work together on cross-functional teams to explore the complex intersection of business and science. It provides unmatched experience evaluating the potential for new technologies to be translated into commercial products.

Valuation Lab

The Medical Industry Valuation Lab is geared to provide participants interdisciplinary and experiential learning opportunities. Students work in cross-functional teams to conduct market assessments for new medical innovations, helping assess new medical product ideas and streamlining the time to market.

The valuation process involves multiple stages, from assumptions to validations, verifications, challenges, and proposed solutions. This dynamic experience helps students develop a more robust understanding of how to evaluate a new technology or service from a global perspective, and help prepare them for leadership roles in an ever-evolving medical industry.

At the end of the 10-day program and intense intellectual inquiry, students prepare client presentations and recommendations for faculty and inventor critique.

The Medical Industry Valuation Lab also provides industry innovators with a top-to-bottom analysis of their medical innovation and its prospects in the market.

Curriculum

The Medical Industry MBA program consists of 23 courses offered in 4-day modules once a month. First and second semesters provide students with the core curriculum of the MBA program, facilitating an in-depth examination of the functions of the organization. Courses in the third and fourth semesters are designed to expand on complex management challenges and the larger context of the global medical industry.

No Core Business Courses
1 Theory & Practice of Socialism
2 Business English
3 Information Systems and Information Resources Management
4 Operations Management
5 Management and Organizational Behavior
6 Managerial Economics
No Core Business Courses
7 Accounting
8 Marketing
9 Data Models and Decisions
10 Human Resource Management
11 Financial Management
12 Strategic Management
No U.M Medical Industry Courses
1 Ethics and Leadership
2 The Healthcare Marketplace
3 Pharmaceutical Industry(1 of 2)
4 Informational Technology in Healthcare
5 Medical Technology Evaluation and Market Research
No U.M Medical Industry Courses
6 Medical Device Industry: Business and Public Policy(1 of 2)
7 Anatomy and Physiology for Managers
8 Research and Development of Medical Technology
9 Health Law and Intellectual Property Strategy
No Intergration
1 Data Driven Project Work
No Intergration
2 Medical Industry Valuation Laboratory
No Compulsory
1 Lectures,Seminars and Outbound Training
2 Enterprise Research/ Overseas Study Trip
No Compulsory
3 Academic Integrity
4 Thesis
Alumni Background

Industry: medical device companies, pharmaceutical companies, biotechnology, and testing, incubation, regulation, training, consulting, database and finance companies with business in medical industry

Company: Johnson& Johnson, Medtronic, Abbott, Grager, SIEMENS, FOSUMPHARMA, YONGZHENG CRO, Allergan, ParkwayHealth, BECKMAN COULTER,Sanofi, paragonmedical and so on.

Average age is 34, with an age variety from 26 to 44.

Voice of Alumni

“I’ve been working in the medical industry since I obtained my doctor degree in 2010, mainly focused in the R&D and incubation of innovative technologies. I hope that through the study in Tongji-Minnesota Medical Industry MBA program, I can further expand my comprehensive management knowledge and contacts in medical industry. I also wish that in my future work, I will be able to graft China's power with global resources, introduce and incubate innovation for the benefit of human being.”

“Most case competitions, they’re like a day, a weekend, maybe a week. This was three months of research and strategizing. It’s been so rewarding, because if I look back three months ago, there’s no way I knew what I know now. It’s not even just the knowledge but the networks you gain and the thought process.”
Alex Feng, ’18 MD-MBA

“I want to have a meaningful impact on the shift to value in healthcare. I want to make providers and patients come together to make living a healthy life simple. I know that today our system is broken in many ways, but there are a lot of incredible, passionate people working to fix it. I want to be a part of that solution. ”
Danny Plooster, ’17 MHA-MBA

Admission

Application Criteria:

The Medical Industry MBA program is for professionals with 3+ years of work experience with bachelor degree or 2+ years working experience with master/doctor degree. Applications are carefully considered and enrollment is limited to the strongest candidates who show commitment to the academic rigor of the program. Online

  • Completed online application applymba.tongji.edu.cn
  • Past academic performance, including a bachelor's degree or above
  • Application essay outlining interest, career goals, and how you anticipate the MBA degree will help you achieve your goals
  • Professional references
  • Strong interpersonal and communication skills in the English language
  • Admissions interview and quantitative test with program management team

Location: The program takes place primarily in Siping Campus, Tongji University, Shanghai, China.

Duration:Two and a half year

Tuition Fee: Approximately 408,000 RMB for 2020 intake (about half will be paid to University of Minnesota in USD)

Degree: Graduates from the program will obtain the postgraduate diploma of Tongji University and master of business administration degree both from Tongji University and University of Minnesota.

Tel: 021-6598 0610;6598 2011
E-mail: adm.simba@tongji.edu.cn
Address: Floor 3, Block A, Sino-French Center, Tongji University,
 No 1239 Siping Rd, Shanghai, P.R.China

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