ABSTRACT
This chapter explores the current relevance of the Masters in Business Administration (MBA) and the applicability of it for healthcare professionals. In an analysis and ranking of the performance of 2000 Chief Executive Officers (CEOs) globally, CEOs with an MBA ranked 40 places higher on average than CEOs who didn’t have an MBA. Many doctors may feel uncomfortable with the concept of ‘networking with a purpose’ but this is largely due to unfamiliarity with it as a skill. The proportional share of United Kingdom (UK) gross domestic product (GDP) spent on healthcare is set to rise to 14% by 2030. Both the level of spending and the rate of increase in healthcare spend in the UK are unsustainable for the future economy. In the UK, MBAs have historically been designed to attract students with five to ten years’ postgraduate experience. Medics doing MBAs is one possible route for cross-sector innovation and learning to achieve this.
