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New science, medical MBAs at GRU

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Those with a head for science and medicine can also sharpen their business sense with new degree programs at Georgia Regents University, the school said.

The James M. Hull College of Business at GRU will start its first MD/MBA classes this fall with about eight students, even without a significant amount of marketing the program to the current medical students, said Dean Marc Miller. Beginning in October, the college will also start recruiting for its first MBA program for students with a degree in science, technology engineering or mathematics – also known as STEM degrees.

The MD/MBA program is the fruit of the consolidation GRU underwent that now makes it possible, Miller said.

“This consolidation is really spinning off things that beforehand I simply could not do,” he said. “And here’s the reason why: a student by law is not allowed to receive financial aid from different institutions at the same time.”

The college worked with Medical College of Georgia on the timing so that adding business classes would not interfere with medical education, Miller said.

“The last thing I wanted to do is to put anybody in jeopardy for their medical degree,” he said. “We want them to concentrate almost solely on their medical curriculum with a small amount of business to get started.”

After they take some crucial exams, then more business classes are added, Miller said. The college is trying to work up similar joint MBA programs with the College of Dental Medicine and the College of Nursing, he said.

The STEM-MBA option will aim at recent graduates who decide an advanced degree in their field might not be the way to go and who seek business training that could allow them to learn finance and marketing and leadership to move into management, Miller said.

The 15-month program, which will also target those who might have applied but failed to get into medical school, will also include an internship with local science-based industry, such as information technology, biomedical companies and nuclear energy, he said.

“We’re going to recruit statewide for this degree,” Miller said. “A young person graduating from the University of Georgia or maybe even Clemson or any of these other places will find themselves in Augusta doing an internship at a local company and we’re hoping they will stay. I think this will become an attracter for not only students who have graduated from GRU, now obviously I want to see those students in our program as well, but I think it is going to have a draw across the state.”

The program could create great opportunities for those who will learn “the business of science,” he said. “These folks will come out with an amazing degree. They’ve got incredible analytical skills, they’ve got problem-solving skills that they learned in their science program. Sometimes it’s just hard to see how that translates into the business arena. And adding an MBA to that should open up new prospects for them that they may not have even thought about before.”

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Riverman1
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Riverman1 07/22/14 - 07:41 am
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Doc, I Don't Want Financial Advice

Just what we need, a doctor with an MBA. Go see him because your back hurts and he tries to sell you an annuity. Did Azziz think of this foolish program?

Edward1968
578
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Edward1968 07/22/14 - 08:16 am
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How About...

... MD and Masters in Horticulture? With the new medical marijuana this would be a good combination.

thauch12
6610
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thauch12 07/22/14 - 10:28 am
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1
No Riverman, your physician

No Riverman, your physician has better things to do in life than sell you annuities or dispense financial advice.

With thousands of pages of new regulations set to take effect in the next few years (partly due to Obamacare), dwindling Medicare/Medicaid/private insurance payouts, an aging babyboomer population, etc., modern physicians almost NEED an MBA (even if it is from GRU) to stay afloat.

Plus nearly every top medical college offers similar programs in addition to other dual degrees in law, public health, policy, etc. GRU has to institute programs like this to stay competitive.

lgr
227
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lgr 07/22/14 - 11:35 am
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1
new programs

some people can not accept that things change and that doctors, nurses, all of them need to change with it so that we can get the best care possible and that they can get paid for it.

Riverman1
83931
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Riverman1 07/22/14 - 03:29 pm
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Office Managers

I don't have a problem accepting change, but I'd rather my physicians concentrate on the hundreds of hours in CME credit they must do and allow their office managers to run the business.

Riverman1
83931
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Riverman1 07/22/14 - 03:28 pm
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No Change Here

"Plus nearly every top medical college offers similar programs in addition to other dual degrees in law, public health, policy, etc."

Since GRU or whatever it's called now doesn't have a law school, a dual degree in law is not going to happen. In addition, there is no med school-law school anywhere that offers any type of "dual" degree. They are totally different programs. A master's degree in public health is also a different animal that is possible after a med degree, but that's not what this is about.

thauch12
6610
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thauch12 07/23/14 - 01:20 am
1
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Ignorance

"In addition, there is no med school-law school anywhere that offers any type of "dual" degree. They are totally different programs. A master's degree in public health is also a different animal that is possible after a med degree"

It's amazing how one can spout off such nonsense without knowing a thing about what they speak of...

http://www.med.emory.edu/education/programs/md_dual/index.html
https://medschool.vanderbilt.edu/md-dual-degree-programs
http://academicdepartments.musc.edu/com/admissions/dual_degree/
http://www.medschool.vcu.edu/admissions/dual/
http://medicine.yale.edu/edu/degree-programs.aspx
http://hms.harvard.edu/departments/medical-education/joint-degree-programs
the list goes on...

And now you just look silly...

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