On this week’s episode of the PNC podcast, I give 7 top reasons to complete your business degree. I also list one poor reason for doing so.

A Master’s in Business Administration is not for everyone. But if you are in it for the right reasons, it can be a career-changing decision that benefits you in many ways.

Our Sponsor

We're proud to have the University of Tennessee Physician Executive MBA Program, offered by the Haslam College of Business, as the sponsor of this podcast.

The UT PEMBA is the longest-running, and most highly respected physician-only MBA in the country, with over 650 graduates. And, unlike other programs, which typically run 1 – 1/2 to 2 years, this program only takes a year to complete. Recently, Economist Magazine ranked the business school #1 in the world for the Most Relevant Executive MBA.

While in the program, you'll participate in a company project, thereby contributing to your organization. As a result, University of Tennessee PEMBA students bring exceptional value to their organizations.

Graduates have taken leadership positions at major healthcare organizations. And they've become entrepreneurs and business owners.

By joining the University of Tennessee physician executive MBA, you will develop the business and management skills needed to advance your career. To find out more, contact Dr. Kate Atchley’s office by calling (865) 974-6526 or go to vitalpe.net/physicianmba.

The Seven Top Reasons to Complete Your Business Degree

 In my opinion, the seven top reasons for pursuing an advanced business degree are to:

1. Stand apart from the competiton.

An MBA will differentiate you from your competition and demonstrate a commitment to self-improvement. If you express your desire to take on more responsibilities and leadership positions in your job, your business degree will serve as proof that you are serious about learning more about how to be a better manager.

2. Aquire certain jobs where it's a requirement.

Some jobs strictly adhere to the requirement for an advanced business degree. Although it's listed as preferred in most leadership job listings, in certain large, highly competitive organizations, a position as CMO or CMIO may require the degree to apply. 

3. Pick up some powerful skills.

In the process, you will gain interesting and useful skills you didn’t learn in medical school. Physicians are, by nature, lifelong learners. Learning business, negotiation, marketing, and finance skills will benefit you in many situations.

4. Develop once-in-a-lifetime connections.

The program will expose you to incomparable networking opportunities to make life-long connections. You’ll learn adn work with other professionals who support and motivate you for years to follow.

5. Enjoy stimulating intellectual challenges.

The intellectual challenges will inspire and stimulate you. Learning is fun, and energizing.

 

6. Increase career options.

Diverse educational experiences will add flexibility to your career in the long-term. With your knowledge of medicine and the healthcare industry, an MBA will open the door to nonclinical careers that integrates both. Many grduates go on to start a business, or work in pharma or the health insurance industry.

7. Give yourself a raise.

Lastly, an advanced degree will increase your compensation dramatically. You’ll be eligible for positions such as VP, CMO and COO, and salaries in those positions are very generous.

Summary

In summary, there are 7 good reasons to complete your business degree. There are several degrees to consider, but that is less important than whether to get the degree or not.

Thanks for listening.

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Thanks to our sponsor…

Thanks to the UT Physician Executive MBA program for sponsoring the show. It’s an outstanding, highly rated, MBA program designed for working physicians. It is just what you need to prepare for that fulfilling, well-paying career. You can find out more at nonclinicalphysicians.com/physicianmba.

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Podcast Editing & Production Services are provided by Oscar Hamilton

Disclaimers:

Many of the links that I refer you to, and that you’ll find in the show notes, are affiliate links. That means that I receive a payment from the seller if you purchase the affiliate item using my link. Doing so has no effect on the price you are charged. And I only promote products and services that I believe are of high quality and will be useful to you, that I have personally used or am very familiar with.

The opinions expressed here are mine and my guest’s. While the information provided on the podcast is true and accurate to the best of my knowledge, there is no express or implied guarantee that using the methods discussed here will lead to success in your career, life or business.

The information presented on this blog and related podcast is for entertainment and/or informational purposes only. It should not be construed as medical, legal, tax, or emotional advice. If you take action on the information provided on the blog or podcast, it is at your own risk. Always consult an attorney, accountant, career counsellor, or other professional before making any major decisions about your career.