For much of their education, physicians are encouraged to focus on developing clinical and procedural skills, with little formal training in business. For those who aspire to innovate and lead, is an MBA degree a worthwhile investment? In this episode of the Back Table Innovation podcast, Dr. Aaron Fritts explores the relevance and benefits of obtaining an MBA for physicians, joined by guests Dr. Roger Tomihama and Dr. Raj Khalsa.

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SYNPOSIS

The discussion covers various MBA programs, including the Wharton Executive MBA and the Quantic Executive MBA, highlighting their strengths, particularly for mid-career physicians. Drs. Tomihama and Khalsa share their personal experiences with these programs, comparing in-person and online formats. They also explore the advantages of structured learning, networking opportunities, and how an MBA can empower physicians to bridge the gap between clinical expertise and administrative or entrepreneurial roles. This conversation underscores the importance of continuous learning in fostering a more impactful and fulfilling career in healthcare.

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TIMESTAMPS

00:00 - Introduction

01:34 - Dr. Tomihama’s Wharton MBA Experience

06:10 - Dr. Khalsa’s Quantic MBA Journey

09:39 - Comparing MBA Programs and Networking Opportunities

23:10 - Thoughts on MBA Learning Styles

26:10 - The Language of Business

26:50 - In-Person vs. Online Learning

27:21 - Foundational Knowledge for Startups

28:56 - Applying Business Skills in Healthcare

32:16 - Marketing and Behavioral Psychology

43:52 - Timing and Career Advancement

47:52 - Final Thoughts and Reflections

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RESOURCES

BackTable VI Ep. 230: The Physician's MBA: Is It Worth It, and Where to Start:

https://www.backtable.com/shows/vi/podcasts/230/the-physicians-mba-is-it-worth-it-where-to-start