I don't have an MBA (yet), but I'd like to pursue one someday. Like many of you, I've been thinking about the pros/cons of an MBA. When's the right timing? Given the current economic conditions, I feel like I should be saving instead of spending towards further education. After all, I don't "need" an MBA to work right now. Therefore, when would it make sense to make the time and financial investment? What type of ROI (return on investment) will I see if I invest an an MBA? Why do tuition costs vary so much from one school to the next?
If you're thinking about getting an MBA in healthcare management, there's a long list of programs that focus on healthcare or medical management. One program that comes to mind is the University of Tennessee College of Business Administration. This program is offered exclusively for physicians seeking high-quality leadership, management, and business operation skills. This program is conveniently available nationwide, requiring only four, one-week, on-site residence periods during the 12-month program. All other course hours are available at your computer desktop through the Internet. Classes start in early January; graduation is in December of each year.
Want to see some of the profiles of recent graduates? Click on this link to see graduates from 2009. You'll see a mixture of U.S. and foreign/international medical graduates (IMGs/FMGs) in various hospital positions throughout the country. Modern Physician has consistently ranked the University of Tennesse program as the "#1 Preferred MBA Program Exclusively for Physicians."
Dr. Joseph Kim is the founder of NonClinicalJobs.com, an independent website owned and operated by Dr. Kim. He is also the President of MCM Education, a professional medical education and publishing company that develops continuing medical education (CME) activities in joint sponsorship with medical universities, hospitals, and medical associations. Dr. Kim is a digital entrepreneur and technologist who has a passion for health information technology, mobile health, and social media. He frequently speaks at conferences about non-clinical careers for physicians, continuing medical education, mobile health technology, and social media in medicine. Dr. Kim holds a bachelor of science in engineering from the Massachusetts Institute of Technology, a doctorate of medicine from the University of Arkansas College of Medicine, and a master of public health from the University of Massachusetts Amherst School of Public Health.