Discussion in 'Med Business [ MD/MBA, DO/MBA, DDS/MBA ]' started by civic4982, 06.25.05.
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I think a 4yr program is rushed. As to benefits, it shows that you want a leadership/admin role which might help cheif resident time. After you get out it will help for private practice, or helping you land a consultant job after quitting clinical medicine.
That was the key for me. I don't know if a residency interviewer will be find any value in the extra MBA I'm getting. If they don't really care then there's not much reason for me to do it.
All the other advice was really great, especially on the reasoning for getting an MBA when my career requires it. Thanks.
Most people in the MD/MBA program(s) do not necessarily get better residency placements.....
One of my friends was in the Texas Tech program and he tells me that your graduates did not fare well in the REsidency Match.
Could you PM me or give him my info? I'd love to talk to him and get some advice. I'm on the fence right now.
You would be much better served by dropping the MBA now and going to the regular MD program. You will not learn anything of significance in an MBA program which will assist you in either matching to a choice residency or running a practice in the future. In the future, you will provide medical care while your nurse will assist, your administrative assistants will make the appointments and file the insurance claims, your lawyer will provide you with legal advice and your accountant will assist with a variety of tax reporting and payment issues. Notice your lack of involvement in any decisions that require formal business training. By staying in the MBA program, all you are doing is creating stress for yourself and running up needless debt for classes of very dubious value.
As I have remarked in previous posts, the MBA is a very low value credential. I graduated from a top 20 school with a 3.8. The degree cost me a lot of money and stress yet failed to open any career doors. I was sold a bill of goods like most people who believe an MBA will enhance their career options. Wrong. The MBA is just a huge quantity of busy work dressed up as scholarship so it can be sold for a high price to people who believe in the notion that they will learn something in business school that will enhance their future economic success. Wrong again. The only class I found in any manner enlightening was finance which I would recommend to everyone. It always helps to grasp how money works. The remainder of B school is a complete waste of time, energy and stress that is devoid of applicable learning.
The MBA is marketed heavily by business schools since it is so profitable to teach. One professor per subject, one class room and often over 100 tuition paying students who will not need any costly labs. Sounds like a money maker to me. Please note that there are over 700 MBA granting institutions in the United States. The degree does not confer any unique benefits on the holder. It just means you were sold the same bill of goods.
I have a number of friends who are very successful physician/business people. They do not have any formal business training. When they require legal, business or accounting expertise, they purchase it like any other service.
To answer your question "What kind of benefits can I expect when it comes residency time?", the answer is none at all. In fact you may suffer for the higher class load you carried which detracted from the time available to study anatomy, physio, pharm, etc. and excel on the boards. Why do that to yourself? Drop out of that useless MBA now and focus all of your energies on learning the medical sciences.
Good luck with your decision and with your future in medicine.
Thanks for taking the time to write this. I really think it's helped me solidify my decision.
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