Career focus: Studying for an MBA
The Masters of Business Administration is becoming de rigueur for senior and middle managers. Wai-Ching Leung tells you what it is and how to get it
Since the 1970s, it has almost become fashionable to study for the master of business administration (MBA) degree - not only for those engaged in the commercial and industrial sector but also for professionals such as engineers, teachers, police, lawyers, nurses, and doctors. Although the cost for studying for an MBA is 5-10 times that of other masters programmes, over 7000 MBA graduates a year are produced in Britain. The MBA is no longer a passport to a well paid job - it is a basic qualification for any middle or senior post with substantial management responsibilities.
Senior doctors are increasingly expected to undertake management duties. The recent affairs at Bristol Royal Infirmary further highlighted the importance of doctors acquiring management competencies. These factors may partly account for the increasing number of doctors pursuing the MBA.
The MBA is a generalist qualification in business administration open to first degree holders