It appears as though more professional doctors are adding an additional business degree to their resumes
in order to compete in today’s competitive global market.
According to The New York Times, there are now 65 joint doctor of medicine (MD)/master of business administration (MBA) programs available at higher education institutions across the U.S.
One of the latest schools to introduce the dual degree to its curriculum is Creighton in Omaha, Nebraska. The college will begin offering the joint degree next summer.
Dr. Maria Y. Chandler told the news agency that the idea of doctors earning a dual degree in business can help physicians manage their own money better and think more like entrepreneurs.
All physicians need some kind of business training, Chandler added. “For example, some physicians with large research grants don’t know how to manage the money.”
Chandler estimates that there are currently as many as 500 students in the U.S. enrolled in the joint programs.
The Bureau of Labor Statistics reports that job opportunities for physicians are expected to grow faster than the average of all other occupations, by 22% through 2018.