md/mba from low tier school

[premedk]

I've always been interested in business side of things and can't picture myself as "just" working in patient care. I want to one day open a clinic(start with a private practice and expand from there)...maybe even work as a medical director in a health care or pharma setting.

My medical school just started offering a MBA program for current medical students. You basically apply as a third year med student, take some b-school classes your fourth year along with rotations, and finish your mba the fifth year. This schedule is great, but the mba is from our local state college b-school and is just barely ranked in the top 300. It's a very inexpensive degree($10,000-$15,000), but still it takes an extra year.

So my question is, would it be worth the extra time an effort to get the mba now, from such a low ranked school? The other option would be do a part time mba after residency.

From the financial pov, the opportunity cost would be higher if I get it now, since I would essentially be losing a year of income as a physician, vs getting a part time degree.

But if I get it now, could I hit the ground running right after residency? For example, could I get a management level job at a hospital or would they be looking for more experienced candidates?

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[michaelrack]

I want to one day open a clinic(start with a private practice and expand from there)...maybe even work as a medical director in a health care or pharma setting.



But if I get it now, could I hit the ground running right after residency? For example, could I get a management level job at a hospital or would they be looking for more experienced candidates?

MBA won't be of much use for opening a clinic or being a medical director. As far as hospital management, if you are able to get some type of management job right after residency, the salary would likely be under 80k.

 

[mclysek]

My school offers a 4-year MD/MPH. It will give you the same administrative opportunities as a MD/MBA would, unless you want to do VC or something along those lines. See if your school offers this. Mine is free, so it was a no-brainer.

 

[cognitus]

I think an MBA from a low tier school is useless. Unless you have other career goals, I'd consider the MPH. I think only MBAs from top-10 business schools have value since they give you access to successful alumni, many of which would be glad to assist a fellow alum in getting to where you need to be. Lower-tier business schools only offer courses and in my opinion, business school classes have low value.

 

[guannaberry]

I think an MBA from a low tier school is useless. Unless you have other career goals, I'd consider the MPH. I think only MBAs from top-10 business schools have value since they give you access to successful alumni, many of which would be glad to assist a fellow alum in getting to where you need to be. Lower-tier business schools only offer courses and in my opinion, business school classes have low value.

What do you think about Tufts MD/MBA? I am currently considering doing it, but it is so pricey even without the MBA portion. If I want an MBA, how should I get into a top tier B school? I did not realize that it mattered so much which school you get the MBA from if it were a joint program, but I could be very well mislead.

 

[biotechpharma]

I am looking forward to hopefully enroll in a medical school and then apply to MBA in another school during my first year of college. I am applying straight from college with strong extracurricular, theme, GPA, but not MCAT. I was wondering if you could have your perspective on the application process to top MBA programs from a mediocre medical school and anything I should be preparing for or expecting. Any information will be greatly appreciated.

 

[cognitus]

I am looking forward to hopefully enroll in a medical school and then apply to MBA in another school during my first year of college. I am applying straight from college with strong extracurricular, theme, GPA, but not MCAT. I was wondering if you could have your perspective on the application process to top MBA programs from a mediocre medical school and anything I should be preparing for or expecting. Any information will be greatly appreciated.

I only applied to one MBA program which was at the same school as my medical school. I rocked the GMATs, so getting into the MBA program was no issue for me.

 

[amanda30]

A good GMAT score can help, also there is no use in doing MBA from a low tier school as you will only be wasting money it is better that you wait and prepare.

 

[ketosisevangelist]

If you want the cash, power, and business card, ask this question to the headhunters.

If you want the cash, power, and business card, you will need to part ways with 6% of your salary to the head hunter.

Find a head hunter.

Best luck to you.