Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 56-59 |
| Number of pages | 4 |
| Journal | Teaching and Learning in Medicine |
| Volume | 22 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jan 1 2010 |
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ASJC Scopus subject areas
- Medicine(all)
- Education
Cite this
What is the institutional financial impact of an MD-PhD program without extramural funding? / Byrne, Margaret M; Lossos, Izidore; Koniaris, Leonidas G.
In: Teaching and Learning in Medicine, Vol. 22, No. 1, 01.01.2010, p. 56-59.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - What is the institutional financial impact of an MD-PhD program without extramural funding?
AU - Byrne, Margaret M
AU - Lossos, Izidore
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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UR - http://www.scopus.com/inward/citedby.url?scp=77951199357&partnerID=8YFLogxK
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 -