Earlier this week, The Atlantic published an in-depth piece exploring the rise of the M.D./MBA degree. It seems there’s been an explosion of joint MD/MBA programs in the United States, growing from six to 65 in 20 years, The Atlantic reports, noting that from 2011 and 2012 alone, the number increased by 25%.
In its characteristic exhaustive fashion, The Atlantic looks at the numerous advantages for hospital administrators that have both degrees, because, as one MD/MBA graduate quoted in the piece says, “Many of the greatest challenges in healthcare today are business problems.”
An interesting cultural point mentioned in the article is how differently these two disciplines operate. In medicine, there’s a rigid hierarchy with absolute respect for attending physicians, while in business school, students are taught that the next great idea can come from anyone, no matter their age or professional experience.
It’s a great read, and chock-full of ideas on how merging these two disciplines can greatly benefit today’s complex healthcare industry. I urge anyone considering this dual degree option to check out the article by following the link above.