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1) yeah its joke. You won't get a job related to biomedical industry unless you have least master. You learn few ME and EE in biomedical and call it a degree along with medical school prerequiste classes.
2) if they pursue medical school and that's if.
3) your gpa is important factor when you apply to medical school. Most student in georgia tech decide to go into industrial engineer and do medical school prerequisite courses since industrial engineer is joke.