TY - JOUR
T1 - What is the institutional financial impact of an MD-PhD program without extramural funding?
AU - Byrne, Margaret M.
AU - Losso, Izidore S.
AU - Koniaris, Leonidas G.
PY - 2010/1/1
Y1 - 2010/1/1
N2 - Background: Training in the form of MD-PhD programs is an important part of the academic mission of medical schools, yet the costs incurred in providing these programs may be consider-able. This research explores the financial impacts on a university of supporting an MD-PhD program. Summary: We estimate the net financial impact of an MD-PhD program under a variety of assumptions about the financial gain that the school obtains through MD-PhD students' contributions to externally funded research. Under certain assumptions, the net financial impact of the MD-PhD program is positive, and under the most unfavorable assumptions the cost per student year is less than $30,000. Conclusions: The apparent costs of an MD-PhD program are ameliorated or even turned into gains when one considers the resources generated by MD-PhD students. Thus, such programs can serve as a means of increasing external awards and improving the overall quality in graduate schools.
AB - Background: Training in the form of MD-PhD programs is an important part of the academic mission of medical schools, yet the costs incurred in providing these programs may be consider-able. This research explores the financial impacts on a university of supporting an MD-PhD program. Summary: We estimate the net financial impact of an MD-PhD program under a variety of assumptions about the financial gain that the school obtains through MD-PhD students' contributions to externally funded research. Under certain assumptions, the net financial impact of the MD-PhD program is positive, and under the most unfavorable assumptions the cost per student year is less than $30,000. Conclusions: The apparent costs of an MD-PhD program are ameliorated or even turned into gains when one considers the resources generated by MD-PhD students. Thus, such programs can serve as a means of increasing external awards and improving the overall quality in graduate schools.
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U2 - 10.1080/10401330903446404
DO - 10.1080/10401330903446404
M3 - Article
C2 - 20391285
AN - SCOPUS:77951199357
VL - 22
SP - 56
EP - 59
JO - Teaching and Learning in Medicine
JF - Teaching and Learning in Medicine
SN - 1040-1334
IS - 1
ER -