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Difference in Masters'

Discussion in 'Med Business [ MD/MBA, DO/MBA, DDS/MBA ]' started by FrkyBgStok, Apr 14, 2018.

  1. FrkyBgStok

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    I am currently in pediatrics residency and planning on applying to fellowship this fall and have been considering a masters degree during fellowship and I am having a hard time figuring out the differences in degrees. I am fairly interested in the MHA, MBA, MMM, and MME

    MHA/MBA: seems like this would be a fairly obvious choice however I have heard that an MHA is more tailored to people not in healthcare already and the MBA would be better for physicians to get business experience.

    MMM: masters in medical management. this seems to touted as "the MBA for physicians" but what situation would this be more valuable than an MBA?

    MME: masters in medical education. this one seems pretty self explanatory and appears to be a different trajectory but not exactly sure what that trajectory is.

    basically I am looking to get information on the differences between the degrees from a practical and career standpoint. basically looking for "MHA is typical for non-physicians, MBA is physicians moving into administration, and MMM for physicians looking to leader but not admin." something like that.

    Thanks for all the information.
     
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  3. mk04447

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    If you choose an MBA make sure you are getting what you want. Find out what a particular school emphasizes; some schools are much better at preparing you to start and run a business (IT, leasing, employee compensation), others are geared toward corporate operations (10K's, profit/loss, markets). My wife and I studied very different things.
     
  4. doc05

    doc05 2K Member

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    What are your career goals?
     
  5. FrkyBgStok

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    As of right now, I would like to attend PICU fellowship and eventually transition from 100% clinical to half admin and then see where it takes me. But administration in a community hospital with a small to medium sized residency. But I also am open to other things so I would like training to be versatile. If an opportunity presents to move to administration in a related business, I would be interested. I would say eventually director and then moving to more executive type positions when clinical med desires have decreased. I have also considered the med school/dean type career.

    but I have had many careers and am an older resident and I have never had a 5 year plan pan out like I thought it would, so I want to have room for changes.
     
  6. doc05

    doc05 2K Member

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    Sounds like you shouldn't do another degree just yet, I don't see the benefit.

    You don't need any of those degrees to be an administrator in a community hospital. If you're serious about moving out of medicine altogether, the MBA is the most versatile, but not absolutely necessary.
     

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