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.
N1 - Funding Information:
On average, MD-PhD students who graduated between June 1987 and June 2006 spent a total of 8.05 years in the MD-PhD program and 4.66 years (range = 1–7 years) in the PhD part of the program. Overall, 23 (60.5%) of the students were cited as having made a substantial contribution to preliminary data resulting in a successful grant application. Breakdown of the grants awarded included 25 R01/P01 awards from the National Institutes of Health, 1 award from the National Science Foundation, 2 Food and Drug Association awards, and 2 state foundation grants. Average direct award amount converted to 2007 dollars was $1,193,930. Principle investigators attributed an average of 50.3% (range = 10–90%) of the preliminary data for the received grants to the MD-PhD students. Indirect dollars received from grants averaged $202,815 per student across all students and $330,085 across those students whose work contributed to successful grant applications.
PY - 2010/1
Y1 - 2010/1
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 -