MSc in International Pharmacoeconomics & Health Economics
An exciting career path
Graduates in health-related subjects, including those working in the pharmaceutical sector.
This unique, first of its kind collaborative provision is delivered by international staff at the Hochschule Fresenius (HSF), a state-approved University of Applied Sciences in Germany, and leads to the award of a Cardiff University MSc Degree.
The Programme is modular and consists of 240 CU credits. The first semester comprises predominantly taught material at Master level, taking students from typical graduate standard at entry, to a contemporary research base level. In the second semester, students undertake a mixture of taught and more independent, project-based studies, where interpretation of information, methods of analysis, and research-based skills are practised and developed. Finally, the second year is primarily research based, beginning with the hands-on, residency placement for one semester and culminating with the submission and assessment of an individual dissertation in a field associated with pharmacoeconomics and/or health economics.
Graduate-based learning develops systematically into research-based learning as the programme progresses. In general, the programme has been constructed using the modular approach taking into account supply and demand in the market and employers expectations. The pharmacoeconomic theme develops out from the Health Economic principles on macro and micro levels. More specialised optional modules are introduced to enable specialisation or focus on a particular career path. Some specialised areas include:
Healthcare Systems and Regulations
Ethical Issues in Healthcare Resource Management
International Pharmaceutical Schemes, including Benefits, Reimbursement and Pricing Mechanisms
Mode of study:
The mode of study is full-time or part-time, whereas some modules are also offered as free-standing units to support continuing professional development and training of professionals employed by organisations already involved in pharmacoeconomics and health economics. As freestanding modules, they will not lead to a CU award. Instead the candidates may obtain a certificate of attendance/completion issued jointly by the WSP and HSF.
Applicants for the MSc in International Pharmacoeconomics and Health Economics Programme must fulfil the following requirements:
An undergraduate degree (Bachelor/honours degree or equivalent) of at least 360 CATS (180 ECTS) points in a health or pharmaco-related field of study
Proof of English language skills: TOEFL certificate of 90 pts (internet based) or IELTS of 6.5 pts. If the undergraduate degree is not in the field of health or pharmaceutical sciences, documentation of 6 months direct experience in the health or pharmaceutical science field is required.
Course conducted completely in the English language.
Students are taught specific concepts and tools of economic analysis in healthcare and pharmaceutical development. International Pharmacoeconomics and Health Economics is an exciting career path in today’s healthcare environment and graduates from such disciplines are in high demand. Their skills represent an exceptional asset to finding professional openings at international firms, consultancy groups, and international organisations or to pursue an academic career in the specific field of health and pharmacoeconomics. In addition, they have excellent career and promotion opportunities at healthcare organisations, medical insurance companies and in the pharmaceutical industry.