GOING BACK TO SCHOOL

Physician's Money Digest, May 31 2003, Volume 10, Issue 10

Sensing an educational gap thatmedical school courses were nevermeant to fill, many physicians areheading back to school—businessschool. Whether they're looking tomake their own medical practicesmore efficient or preparing to makethe leap into medical administration,doctors are becoming more commonin graduate business schools, many ofwhich are tailoring degrees for physicians.Some doctors are opting forseminars and courses offered by theAmerican College of PhysicianExecutives (ACPE; 800-562-8088;www.acpe.org), which has 10,000members, one third of whom haveadvanced business degrees, such asan MBA or an MMM, or are workingtoward them. An ACPE survey alsoshowed that physician-executiveswith postgraduate business degreeshave an average salary that is about7.5% higher than their colleagueswith no advanced degree.