Here is an article by PRN Expert Panel Member and Education Center Guest Editor John C. Chang M.D., M.B.A, titled “It May Be A Great Time to Consider an Executive MBA.”
A recent article from the Wall Street Journal highlights a unique opportunity in the midst of the recessionary woes of the economy. Many physicians contemplating whether to pursue a MBA may find getting in to their top choice school a bit easier this year as a result of a declining applicant pool to the Executive MBA (EMBA) programs. The demographic of the traditional EMBA student body usually consists of a significant proportion of corporate sponsored employees where students’ tuitions are paid by their employers. As a result of the recession, many corporate sponsored education programs have been significantly cut back or curtailed altogether. Just over half of the schools surveyed by the Graduate Management Admission Council mentioned in the article saw applications drop this year, nearly double the number of schools which reported declines last year.
In contrast, standard curriculum MBA programs (also known as “Day” MBAs) have demonstrated the opposite trend with an increasing applicant pool. Given a much younger student demographic in Day MBA programs, recessions have generally stimulated students to seek safe haven in business school as a means to “wait out the economy.”
By the time most physicians contemplate getting a business degree, they find the EBMA offerings to be most attractive given the ability to maintain work while earning the degree. Physicians as a group are an increasing subset of many EMBA program cohorts. So what does all of this mean? For those physicians considering an EMBA to further a well-thought out career goal, this year provides a great opportunity to maximize your chance of getting in to a program of your choice. Many top programs are still accepting applications for January 2010 matriculation.
List of top EMBA programs: http://www.businessweek.com/bschools/rankings/
WSJ article:
http://online.wsj.com/article/SB10001424052970204731804574390841708418348.html
By John C. Chang M.D., M.B.A.
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