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MBA/MD Dual Degree Programs

Sep 07, 2018

Students interested in the business and/or leadership side of clinical healthcare may consider pursuing a dual MBA and MD degree. Find out about the admission requirements for these programs, as well as some common coursework.

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Dual Master of Business Administration (MBA) and Doctor of Medicine (MD) degree programs are fairly common and are designed to equip students to be leaders in the field of healthcare. These programs are typically 5 years in length and include clinical rotations and other hands-on learning experiences. Explore this dual degree program and some of its common requirements here.

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Information on MBA/MD Dual Degree Programs

Some MBA/MD dual degree programs may offer additional concentrations, such as in health sector management, and usually have students taking MBA and medical courses concurrently. Some programs may require a thesis. Classes vary based on a student's personal interests, but here we discuss some of the common courses for these dual programs.

Marketing

Most MBA portions of the MBA/MD dual degree program include a course in marketing management and/or marketing strategy. Courses in marketing management teach students to analyze customer demands and create profitable goods or services, as well as effective marketing programs. Courses in marketing strategy go more in-depth into creating and managing market-based resources and may include case studies.

Financial Accounting

Many MBA portions require a course in financial accounting that provides the foundational skills for financial decision-making. Students are trained to create and analyze financial statements and learn how to apply their analysis to the decision-making process. Some of these courses may be offered at a basic and/or advanced level and may include some topics in global financial reporting.

Leadership

MBA programs usually include a course that examines various aspects of leadership and aims to answer questions like why would someone follow you or why should others listen to you. These courses may cover topics in ethics, analyzing and improving organizations and aligning leadership action with leadership goals. Some of these courses may offer hands-on experience through class exercises and role plays that offer personal feedback.

Human Structure/Anatomy

Most MD programs include a course in human structure/anatomy early in the program that discusses topics in gross anatomy, physiology and/or micro anatomy. These courses may contain lecture and laboratory sections where students are able to participate in dissections. Through these activities students study the structure and function of various parts of the body.

Clerkships

The primary hands-on learning experiences for MD programs are clerkships that may begin as early as year 2 of the dual program. These clerkships, or clinical rotations, typically provide students with experiences in a range of medical areas, such as medicine, pediatrics, primary care, neurology and surgery. Through these experiences MD students gain the knowledge and skills for diagnosing and treating patients.

Common Entrance Requirements

Students wishing to apply to MBA/MD dual degree programs usually need to apply and be accepted into each program separately. MBA programs may include an interview process and typically require students to include their official transcripts, GRE or GMAT scores, letters of recommendation, essays and/or a resume with their application. MD programs generally have more requirements than MBA programs, such as prior coursework in areas like biology, biochemistry, physics and statistics. Students applying to MD programs must include their MCAT scores and letters of recommendation and/or evaluation with their application and then undergo an interview process.

Five-year MBA/MD dual degree programs equip students with a solid foundation in business, science and the clinical disciplines of medicine. Students still complete clerkships/clinical rotations and generally tailor their program to their specific interests.

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