If you are a healthcare provider and contemplating a career change then you are probably wondering if you should invest in an MBA ? With the continued interest of healthcare providers seeking administration roles, you will need an advanced degree. As of 2022 I would recommend either an MBA or a degree in data science.

I completed an in person, traditional executive MBA in Chicago c/o 2015. While I had a great experience, the degree did not immediately lead to job opportunities. I will share my experience in a format to answer commonly asked questions. On an almost weekly basis I am asked the questions below:

• Did you get an MBA? Was it worth it?
• Should I get an MBA? They are expensive and so many to choose from…
• Do you think an IVY league MBA is worth it? What about a healthcare or online MBA?
• Maybe I should just start my own business? I know this one doc that….

I recommend using the framework below as a guideline since ultimately this is a personal decision with varying circumstances. Pursuing a degree will require support from family and friends, as it will be time consuming.

1. Why do I need an MBA? – Frankly, many of the people applying for the same job will have an MBA as well as relevant experience. Not having an MBA will make it very hard to even be considered. So consider an MBA as an invitation to apply.
2. What are the various MBA programs?
   1. Full time – the traditional 2 year MBA program with a summer internship between year 1 and 2. This is a full fledged MBA with class 4 days a week and group projects on the weekends. The average student is a few years out of college and I’m not sure how a full time healthcare professional can juggle this, but if you can then go for it. Just do not expect to practice much medicine
   2. Part time – Typically you decide between a weekday night(s) or weekend approach. The MBA is at your own pace and can take up to 5 years. I do not recommend this one as life can get in the way and many people that start it do not finish it.
   3. Executive MBA – Typically 18-21 months program with class every other weekend. Depending on the school many people will travel in for this. It can be expensive but this seems like the best model for a healthcare professional. It is a grind but you will build a strong network and you will complete the program in less than 2 years.
   4. Top tier program – Reputation and name matters to an extent. An MBA is about the network you build, the strength of their alumni and the career placement program. I would ask specifically about previous healthcare providers that went through the program. You could even ask to connect with alumni to learn more. However it is a balance between cost, feasibility and your specific goals.
   5. Healthcare MBA – I am not a fan of this unless you are in an admin position now that recommends obtaining this degree. Working in corporate is less about being the smartest person in the room and more about finding the answers through team work and collaboration. So go to an MBA where your classmates will be from various industries. Learning how to problem solve is the goal here.
   6. Online degree – I recommend against this type of degree. I think it is a watered down experience and most hiring managers will be able to tell you did not get a true MBA experience.
3. Will an MBA lead to a good job? – There are no guarantees as this space is continuing to evolve. If you decide to get an MBA, fully immerse yourself in the program without expectations beyond gaining an education and a new network.

I hope this provides a good framework on how to approach getting an MBA. When considering any program make sure to connect with current and past students to learn about their experience. Making the transition is not a linear one but if you are committed it will be worth it. If I missed anything please leave feedback in the comments.