As the demand for business-savvy health care professionals grows, business schools are taking notice. Leading the way is the Business of Medicine MBA at Indiana University’s Kelley School of Business, which is designed to train practicing physicians to assume management positions and face a changing health care business environment. As the Financial Times reports, the two-year degree program began in the fall of 2013 and presents a new kind of opportunity at the intersection of business management and medical practice.
The degree combines the basic curriculum of Kelley’s full-time MBA with specialized health care courses supported by the school’s Center for the Business of Life Sciences. The Financial Times quotes Idalene Kesner, who was interim dean at the time of the article but has since been appointed dean, as saying, “With this degree, physician leaders will emerge with the full skillset to transform individual institutions, the broad healthcare field and, most important, patient outcomes.” Part of the Business of Medicine MBA program is taught online, drawing on Kelley’s pioneering strengths in distance learning, while the other part entails one weekend residence per month, allowing for a more flexible time commitment.
Despite the size of its parent institution, another Midwestern business school, the Fisher College of Business at Ohio State University boasts a relatively intimate classroom experience—with approximately 100 students in each incoming full-time MBA class—and a close-knit community. Fisher students consequently benefit from the school’s wider university network (more than 550,000 alumni) and its proximity to major companies based both in Columbus and throughout the Midwest. Bloomberg Businessweek ranked Fisher 37th in its list of top U.S. full-time MBA programs in 2017.
The Fisher curriculum consists of a core sequence spanning the first year of the program and offers 11 disciplines in which students can major (including a “Make Your Own Major” option). A particularly noteworthy highlight of Fisher’s MBA curriculum is its experiential Leadership Development program, which spans the full two years. The first program of its kind to be offered at a business school, the program organizes various workshops and assessments during the academic year, in addition to connecting students with corporate mentors who offer career guidance and networking opportunities. Also among the offerings are expert speakers, including such leaders as the chairman of Harley-Davidson and the founder and CEO of KRUEGER+CO Consulting, Inc.