MBA Experience For Medical Professionals

Indiana University’s  Kelley School of Business  is the latest to tailor MBA experience to medical professionals. In September 2013, it will launch Kelley Business of Medicine MBA, a hybrid online and in-residence degree targeting experienced doctors.

Kelley’s two-year program aims to accommodate practicing physicians by offering half of the curriculum online —the remaining portion will be covered during in-residence weekends. Students living outside of the program’s headquarters in Indianapolis, Indiana, will be expected to fly in one weekend a month to attend classes.

The program’s first class will enrol 25 to 35 MBA candidates. They have to move through eight six-week quarters as a cohort, with a few elective options. The degree is designed for experienced physicians—an M.D. or D.O. is required, and successful applicants are generally at least three years out of their fellowships.

The Curriculum

The curriculum has been designed around six themes: collaboration, innovation, analytics, transformation, optimization and sustainability.

The new program will be completely separate from existing dual M.D.-MBA degree.  Where M.D.-MBA degrees emphasize a core business curriculum with few, if any, classes to bridge the two areas of study, the Business of Medicine MBA will focus on integrating the two worlds in the classroom.

Fee Structure

Students can expect to pay up to $58,395 in tuition, which does not include hotel or airfare for weekend sessions.  Some partial tuition fellowships will be awarded based on academic performance and professional performance, personal and career achievements and application strength.

Health care is fast becoming a hot area of growth for business education, with prestige players such as Yale, Duke, Dartmouth and Brown already in the game. The University of Tennessee and Auburn University also offer Physician Executive MBAs, which also target experienced doctors looking to burnish their business credentials.

Adapted From : Kelley MBA Merges Medicine With Market

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