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Looking to obtain an executive MBA has anyone in the pain world done this and feel it was helpful?
Anyone out there done an executive MBA
- Thread starter foxtrot
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Got a buddy doing one now at NYU. It's costing him a fortune in tuition, and he's not sure what to do with it when he finishes. He's basically speculating that the future of health care will be in pushing paper.
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This is also my fear, which is why I am trying to be as prepared as I can.
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I haven't done one but sometimes I wish I did. I've know several physician's (not Pain docs) who've done this and it opens doors, big time. CEO of multi-specialty physician group, CEO of a hospital, hospital administration, corporate job with pharmaceutical company are all options you would have. Would it help you run your solo Pain practice? Maybe, but that's not the reason to do an MBA. If you want to be a full time clinical doc your whole career, its probably not worth it. If you want to get out of medicine or get into the business/administrative aspect of of medicine, an MBA would open a lot of doors. You also have to ask yourself how many years do you want to spend paying tuition instead of earning $$. Just my 2 cents.
I got an mba while in medical school and graduated with an md/mba. I was able to get free tuition toward the mba and only had to pay for books (and loss of free time). I cannot see how the mba has helped me thus far but I like having it in my back pocket for a rainy day.
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I have heard good things about Carnegie Mellon's program. Does anyone know if any other quality programs?
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That money could be used toward the down payment on a Subway or ice cream shop...
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Business school is mainly about networking and narrowing the pool of people top companies choose from. I read an article by some professor at Harvard's business school that a really savvy applicant would just shop around his acceptance letter to the top companies, get his desired job, and save $100K.
It's really not worth doing unless you:
1) Are already in line for an executive level promotion within an organization, and the MBA will put you over the top.
2) Get in to a top 20 US News program, and have a stellar pedigree in medicine. Then you'll be competitive for all kinds of sweet exec jobs everywhere.
Otherwise it's a gamble.
It's really not worth doing unless you:
1) Are already in line for an executive level promotion within an organization, and the MBA will put you over the top.
2) Get in to a top 20 US News program, and have a stellar pedigree in medicine. Then you'll be competitive for all kinds of sweet exec jobs everywhere.
Otherwise it's a gamble.
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Other thing I heard about MBAs.
It's not like doctors where a pt shows up and you get whoever the doc is. For example in the ED.
However, when it comes to MBAs, if you have a MBA from a 'top" program, it's likely to be more helpful and open more doors. From what I hear, the 'top' are: Harvard, Wharton (Penn), MIT (sloan), Northwestern (Kellog).
an MBA from one of those places and a MD frm wherever....you will be golden.
It's not like doctors where a pt shows up and you get whoever the doc is. For example in the ED.
However, when it comes to MBAs, if you have a MBA from a 'top" program, it's likely to be more helpful and open more doors. From what I hear, the 'top' are: Harvard, Wharton (Penn), MIT (sloan), Northwestern (Kellog).
an MBA from one of those places and a MD frm wherever....you will be golden.
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you have to look at the cost opportunity...
a good MBA executive program will take 2-2.5 years (sometimes 3 years) of every other weekend, and tons of homework...
will cost you about 40-60k/year not including commutting and other hassles
and what will it gain you?
most executives make 150-300k in most organizations...
the number of MD/MBAs who make TONS of cash either started their own health-care start-ups, or spend many years slaving their way up the corporate ladder at larger hospital groups...
in my mind that is a money losing proposition.... i'd rather make my current money for 5 years than jump on a new bandwagon with thope of making good money in 10-15 years.
a good MBA executive program will take 2-2.5 years (sometimes 3 years) of every other weekend, and tons of homework...
will cost you about 40-60k/year not including commutting and other hassles
and what will it gain you?
most executives make 150-300k in most organizations...
the number of MD/MBAs who make TONS of cash either started their own health-care start-ups, or spend many years slaving their way up the corporate ladder at larger hospital groups...
in my mind that is a money losing proposition.... i'd rather make my current money for 5 years than jump on a new bandwagon with thope of making good money in 10-15 years.
ditto. seems a lot of work and gamble for little reward. Or at least for reward that i dont think i would particulary enjoy...
its medicine for now, then maybe Subway, or best westerns after that. I heard gas stations are great also...
its medicine for now, then maybe Subway, or best westerns after that. I heard gas stations are great also...
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I spoke with a recruiter for a company in NY looking to hire a pain doc to help with utilization review (I have an MHA from my non-Ivy undergrad in the northeast). Salary was likely $275K after bonus, 4 weeks vaca. If I hated clinical medicine, that would be one thing, but otherwise.. Meh.
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from what I hear about how pain pays in NYC, that 275K/year may not be that bad for someone ambivalent about clinical medicine
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I'm thinking about getting a MBA too. I'm an assistant professor at USC. I can get full tuition reimbursement for a MBA from USC. Tempting.
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Awesome idea, I'm gonna look into this with my university.
I hate you...mainly cuz you live in Huntington. And its raining and 38 degrees here RIGHT NOW IN MIDDLE APRIL (formely known as march)!!!
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