Medical Doctor-Business Administration (MD/MBA)
If you are pursuing a Doctor of Medicine (MD) degree at Creighton, you can pursue a Master of Business Administration (MBA) degree also, through a unique dual degree program offered by the School of Medicine and the Heider College of Business.
This combined degree program pairs the traditional medical curriculum with the study of business. Most students complete their MBA during a sabbatical from medical school, between the M2 and M3 years. Completing this degree program can provide you with additional career opportunities as an administrator or executive in a healthcare-related field. As a physician in large and small practice, this program can help you perform business-related functions more effectively and with a deeper level of understanding.
One hallmark of the combined MD/MBA program is flexibility. As long as you take at least 15 credits during the sabbatical year between M2 and M3, you can complete the remaining 14 hours for the MBA degree in a number of ways. This flexibility will provide you with an opportunity to work at jobs or internships, conduct research or engage in other valuable activities to enhance your academic work with practical experience.
According to the Bureau of Labor Statistics, employment of physicians and surgeons is projected to grow 18% in the next 8 years – faster than the average for all occupations – as healthcare-related industries continue to expand.
Many physicians will work in private offices or clinics, often with administrative and healthcare personnel. A working knowledge of business principles and practices can enhance their overall effectiveness in a changing healthcare environment.
- How to apply sound and ethical business principles to the delivery of healthcare services
- Critical thinking skills
- Communication skills
- Decision-making skills
MBA Plan of Study
If you pursue the MD/MBA program, the Graduate Business Programs office will map out a program of study for you that reflects your academic and work background, business competencies and overall career goals.
Your plan of study will consist of courses from the functional core and/or from an extensive list of concentration courses. The choice of courses will depend upon whether your academic background was in business or in another area or discipline.
Unless you already have an extensive academic background or work experience in business, you will take 15 credits of functional core courses. Taking these classes and the core MBA courses will lead to general competency in most areas of business.
If you hold an undergraduate business degree or have extensive business experience, you may elect to take one or more of these courses with the approval of the associate dean for Graduate Business Programs or may elect to move directly to concentration courses.
- MBA 701 Financial Reporting for MBAs
- MBA 711 Managerial Finance
- MBA 741 Economic Analysis for Managers
- MBA 761 Marketing Management
- BIA 731 Information Systems Management
Concentration: 8–23 credit hours
All MD/MBA students will complete the balance of their 29 hours from concentration courses available in all of the functional areas. These business courses cover advanced topics in all areas of business including:
- Information technology
To ensure appropriate breadth and depth:
- You must take 1 course in each of 3 of 5 functional areas (accounting, finance, economics, information technology and marketing);
- You may take a maximum of 3 courses beyond MBA 771 in the management/leadership area; and
- You may take a maximum of 4 courses in a given functional area.
Concentration courses are advanced courses in each functional area of business. These courses may be taken by students with undergraduate degrees in business or students who have completed the functional core courses and would like additional courses in an area. They include, but are not limited to:
- MBA 702 Managerial Decision Making Using Quantitative and Qualitative Data
- MBA 712 Advanced Managerial Finance
- MBA 742 Seminar in Applied Managerial Economics
- MBA 765 Marketing Information for Executives
- BIA 736 Managing Information Resources
- BIA 788 Business Information Analysis and Process Design
Depending on the number of credit hours to be filled by concentration courses, you may wish to delve deeper into a business function by taking multiple concentration courses in a single area. For example, a student wishing to focus on the study of investments may take courses from our Master of Security Analysis and Portfolio Management curriculum and our finance curriculum such as:
MBA 715 Investment Value and Theory
MBA 719 Current Issues in Finance
MBA 719 Institutional Investing
MSA 722 Fixed Income and Derivatives I
MSA 730 Financial Statement Analysis I
MSA 732 Capital Markets
MSA 734 Equity Analysis
- The student interested in information technology management could take courses from the Master of Science in Information Technology Management curriculum such as:
- BIA 734 Human Factors in Information Systems
- BIA 736 Managing Information Resources
- BIA 782 Data Base Management Systems
- BIA 788 Business Process Management
- BIA 789 Advanced Topics in IT Management
Students with a strong interest in accounting may take advanced accounting courses such as:
- MBA 717 Corporate Governance
- MBA 717 Current Issues in Accounting
- MBA 739 Tax Theory and Business Decisions
Students who wish to focus on the study of leadership may take advanced leadership electives such as:
- MBA 779 Personal Leadership Development
- MBA 779 Business Consulting
- MBA 779 Managing for Innovation and Excellence
- MBA 779 Leadership Through the Hollywood Lens
Students interested in bioscience entrepreneurship might consider taking:
- MBA 579 Technology Commercialization
- MBA 579 Bioscience Entrepreneurship
Students entering the MBA curriculum must provide evidence that they have completed IDC 135 (Ethical and Legal Topics in Clinical Medicine; 3 credits) and IDC 138 (Evidence Based Medicine; 1 credit). The traditional MBA application must be completed, including an application form, personal statement, 2 letters of recommendation and transcripts (copies from School of Medicine files are adequate). Prior admission to medical school and the MCAT score implied by that admission is accepted in lieu of a GMAT score submission for this program.
33 total credits; 4 transferred from IDC 135 and 138; 29 additional business credit hours
All MD/MBA students will complete 2 core courses (6 credits) that address business processes and skills. MBA 771 should be taken early in the student’s program of study; MBA 775 is a capstone business course and thus, should be taken near the end.
- MBA 771 Leadership and Organizational Behavior
- MBA 775 Business Policy and Managerial Action