<p>How hard would it be for someone who is a doctor to switch to business? Would it not be possible for him to get into a top 10 business school, or very easy because he has had a lot of people/ working experience? </p>
<p>What jobs are out there for business people that have MDs that pay well? I guess if there aren't any IB is always a good thing to "fall back on" :-).</p>
<p>If an MD has an average amount of work experience it would be much easier for him/her to get in a top business school than someone with a business background trying to get an MBA. Business schools like diversity and thus it's easier for someone with a different background to get into a program. </p>
<p>Also, some schools offer medical students to get their MBA also (sometimes quickly). For instance, I have a friend who is going to medical school. Rutgers allowed him and other medical school students to get their 2 year MBA in one year by taking a large course load.</p>
<p>Considering the amount of effort it takes to become a physician, it would be looked upon very favorably by MBA programs. Schools will want to know why the person wants his MBA, but that shouldn't be a problem. A Dr. would be very valuable to healthcare companies.</p>
<p>I don't know much about healthcare but I do know there are lots of business opportunities there (look at all of these multi billion dollar drug companies) and there are even mba programs/specializations geared toward that industry.</p>
<p>VC, LBO, and consulting would all love MD's.</p>
<p>There was an article in the New York Times a couple of months back about how many of the elite universities are now offering dual degree programs in MBAs and MDs . Apparently many of the most talented Med students are taking a pass on practicing and researching medicine and instead going into incredibly lucrative consulting jobs for big pharmaceutical and healthcare companies where an MBA is a great bonus to medical knowledge. </p>
<p>This was juxtaposed with an ever shrinking population of Geriatricians, who are often required to have the keenest eyes and cleverest minds in order to effectively treat their frail patients, but are also among the lowest paid doctors.</p>
<p>So I guess it would be kind of difficult because there's already pretty stiff competition among the Doctors too which prevents an MD from giving you the leg up you would expect.</p>
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already pretty stiff competition among the Doctors
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<p>Nah. McKinsey comes by my school a few times a year in pursuit of whatever spare candidates they can grab. They're the one firm that should have the least trouble landing people, and their events are very poorly attended -- maybe one or two curious students. Yet they keep coming back.</p>
<p>More and more MD's are entering business, sure, but they're not going to run out of job opportunities anytime soon.</p>
<p>Duke Fuqua, Wharton, Kellogg all have great healthcare management programs</p>
<p>Well, I am asking because if I become a doctor and their salaries suddenly drop a lot, like to $100,000, I might want a second career option.</p>
<p>Why not go into business directly in the first place?</p>
<p>Why would doctor salaries suddenly drop that low?</p>
<p>It's not that big a drop, actually. The most common specialties -- family practice, pediatrics, and internal medicine -- currently seem to make around $140K. It's been falling steadily over time, and new government budget pressures will probably force them down farther.</p>
<p>Um...so you want to choose Business as there's more money in it ? Choose Business if you naturally love...</p>
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Um...so you want to choose Business as there's more money in it ? Choose Business if you naturally love...
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<p>Good point. It's much easier to make money when you chase a passion/dream, rather than just chasing the money.</p>