With six to eight years of study under their belts, the typical pharmacist isn’t a stranger to the classroom. But many pharmacists today are opting to take their education one step further with an MBA. It may not be a necessity to break into the field, but there are many benefits to this degree for a pharmacist. Here’s 5 reasons pharmacists should get an MBA.
- Prepare for a management role
Although pharmacists receive extensive clinical training, management training is minimal. A pharmacist may have taken a few undergrad management courses, which will prepare her for a career as a pharmacist, but they will not prepare her for anything beyond this.
An MBA allows room for growth. With this additional degree, your career could eventually advance to a senior management or executive hospital role.
- Boost your confidence
With a better understanding of the business components of healthcare, you will have more confidence in dealing with management throughout your career. Since your educational background will likely be on par with the executives, you’ll understand why decisions are made at that level. Business jargon will be more like second nature than a foreign language. You’ll hold your own and remain confident in your abilities.
- Lift limitations on your industry
A healthcare MBA broadens the scope of your education and it can qualify you careers you may not have even considered, such as a role in commercial pharmaceuticals.
- Stand out in interviews
No one wants to blend into the crowd of applications hospitals receive daily. An MBA will help your application stand out in the best way possible. With an additional degree, you offer something the other applicants do not: versatility. Noting an MBA on your application tells potential employers that you are not only qualified for the job, but you are poised for upward growth.
- Be prepared for anything
Even if you have reviewed all the reasons you need an MBA and decided they don’t apply to you, understand that things change. According to a Career Builder study, 32% of college graduates don’t end up in the same position they went to college to pursue. As your career progresses, you may find that you want to take more of a leadership role. And while it’s possible to get your degree at any time, most find it easier when they are fresh out of school.
If still on the fence about whether you should pursue an MBA, think about what you stand to gain and whether it makes sense for you. The degree itself means nothing unless you take action and put the skills you’ve learned to good use.
Written by; Emily Walter, Freelance Writer