Before we answer this question, let's consider a few other questions that will impact our answer:
- How do you plan to leverage your graduate degree? If you get an MBA or an MS in biomedical or medical informatics, how will you use that degree?
- What level of experience do you have in the health information technology industry?
- Have you mapped out a long-term career plan for yourself? Do you hope to become a CMIO? A medical director of informatics? A CEO of a company?
- How strong is your professional social network? Are you already well-connected with high-level executives who work in health IT?
- Are you currently working in health IT?
At the end of the day, you may find yourself pursuing both an MBA and an MS in biomedical informatics. We're lifelong learners, aren't we? If we could learn for free, then many of us would take that course. The unfortunate reality is that graduate degrees can be expensive (especially executive MBAs that can easily cost well over $150,000). Degrees in biomedical informatics are much more affordable.
If you're willing to learn online, then an online degree in either medical or biomedical informatics could be a great learning experience. If you'd like to build your professional social network and explore options outside of becoming a CMIO, then make the investment and pursue an executive MBA.