PhD vs MD

[newton740]

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My goal has been to make good money on the business side of the pharmaceuticals / biotechnology industry. I am a senior at an excellent university with a very high GPA majoring in biochemistry and minoring in math. I was contemplating whether I should go the MD/MBA route or the PhD (in biochem, bioE, or pharmacology)/MBA route. I may be wrong, but it seems to me most MD/MBAs work in hospital admin or in health insurance. But for my purposes, would there be any reason to get an MD instead of the PhD?

 

[thePathOfMed]

I think a PhD would be more suitable if you aren't planning to practice.. you might not enjoy what you have to go through as a medical student and could spend that time on research.

Or you could do all three MD/PhD/MBA and show everyone up. 👍

 

[pdz]

My goal has been to make good money on the business side of the pharmaceuticals / biotechnology industry. I am a senior at an excellent university with a very high GPA majoring in biochemistry and minoring in math. I was contemplating whether I should go the MD/MBA route or the PhD (in biochem, bioE, or pharmacology)/MBA route. I may be wrong, but it seems to me most MD/MBAs work in hospital admin or in health insurance. But for my purposes, would there be any reason to get an MD instead of the PhD?

If your main purpose is to make money and do business, I would definitely avoid the MD and would go the PhD/MBA route. In fact, I would just go for the MBA, unless you really think you'd enjoy doing research for several years.

 

[thePathOfMed]

If your main purpose is to make money and do business, I would definitely avoid the MD and would go the PhD/MBA route. In fact, I would just go for the MBA, unless you really think you'd enjoy doing research for several years.

I agree. You will already have good credentials with the bachelor's in Biochem to secure a job on the administration side. Find a reputable biotech/pharm job for two years and apply to MBA. Some companies will even pay for your MBA if you guarantee you will work for them when you are done.