When it comes to a career change, don’t think that highly educated people like physician or attornies are not considering doing something else that they’re trained to do. For many of these professionals, getting into another line of work, though related to their profession, may be a great option.
As you go about your work at the hospital or clinic you entertain the thought that an MBA degree might open up all sorts of new career vistas. While there are specific considerations for each physician, the following general issues should be thought through carefully. See also this great Christi Hay video (TEDxFoggyBottom) about a doctor’s standard career path.
A. Remember that it is a part of our professional culture as physicians to place a high value on formal qualifications. Project ahead; how do you envision using the degree?
B. If you elect to get an MBA degree as a way around a career conundrum, you are short-circuiting the process of putting your career under the microscope.
C. An MBA is a general business degree. You get a taste of a whole range of business disciplines, but little in substantial depth.
D. There are scores of very sharp business minds in every arena of healthcare without an MBA.
E. A common misconception is that possession of an MBA is going to up your worth in industries like medical insurance or pharmaceuticals. On the contrary, your primary appeal remains your medical degree and your specialty training.