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Is doing MBA a good idea for PhD with 4+ post PhD experience

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Is doing MBA a good idea for PhD with 4+ post PhD experience

by rajiv » Wed Jan 14, 2009 3:10 am
Hi there,
I have M.Sc and PhD in Biochemistry from Australian -Tier 1 University with 1.5 years of predoctoral academic research experience and 3.6 years of postdoctoral academic/Industry research experience. Presently, I am working as a Senior Scientist in a Drug Discovery company in Bangalore, India. Prior to this I have worked in academic labs in US and Australia. I am interested in a career transition within life sciences/ bio-pharma industry from research to life sciences management or consulting, or VC. I planning to sit for the GMAT within next 2-3 months and then apply for MBA for next year 2010. During my postdoctoral experience, I have been managing a team of research assistants, carrying out independent projects. I have published 7 peer-reviewed articles in high impact international science journals and more than 10 various conference articles. I have received several scholarships and awards, I am an active member of various scientific professional organizations.

I have done some research about MBA schools providing specialized MBA degree for life scientist. I could locate few business schools:
1. Johnson school- Cornell accelerated MBA for Scientists and Engineers
2. University of Alabama's MBA for scientists (GMAT not required for PhD's)
3. Rady Business School UCSD-started in 2005-(GMAT not required for PhD's)
4. Carey Business School Johans Hopkin- Satrting this year (GMAT not required for PhD's)

-Please suggest me, Is it good to do specialized MBA like these to make a career change within the life sciences industry from research to management? Are these 1 year MBA are as good as two year traditional MBA?

-What about the reputation of above schools? Since UAB's tuition is very low and they don't need GMAT, it looks better to me? but I am not sure about the reputation of this school?

-Can you suggest any other business schools (outside US as well) offering MBA good for life scientist and has high impact ranking?
With my kind of profile what GMAT score I should get, if I plan to go for Top 10 schools?

-And last but not least Is it a good idea to do MBA after PhD when I have a secured job?

You feedback would help in deciding my career path.
With Regards,
Raj :?:
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by Scottie@VeritasPrep » Wed Jan 14, 2009 6:16 am
None of the schools on your list are in the top ten though their programs may still provide you with the skills you need. Cornell is highly ranked and very reputable. If you are planning to apply to a top 10 program then you should aim for high 600's - 700+ range for your GMAT.

Your background will make your application even stronger. If you have a good understanding of the life sciences industry then a general MBA may be adequate. You should also find out if life sciences companies recruit at the schools you are considering. Finally, your decision to pursue an MBA even though you currently have a secure job is one you should think about because you will be asked to articulate your plans clearly in your applications and interviews.
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by gupts » Sun Feb 07, 2010 1:26 pm
Hi rajiv,
I am also in a same Boat. I am thinking to do MBA. I have completed my Phd in 06 and doing postdoc for past 3 in US. Hva eyou got any sufficient information about MBA after Postdoc and job opportunities.

Where did you did your Phd, means in which uni in australia. How about the MBA in Australia.
I have got Australian permanent residency , is there any good MBA schools there or is it worth to do MBA in Australia for peoples like our back ground.
you can mail to guptsb4u at g mail com
gupta
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by Sophia007 » Mon Feb 15, 2010 10:30 am
Hi Rajiv,

I just wanted to bring the following to your attention:

John Hopkins - is a well known school for medical students. If you want to stick to life sciences / pharmacy related field, I'd highly recommend that you research more on this school as it will best fit your needs. Even though, its MBA program is new, it is a renowned brand in the field of medicine and you may be able to network and get connected to people in the same field as you. Definitely look more into this school. Good Luck.

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by pradeepthalla » Fri Sep 30, 2011 9:00 am
Hello guys
I dont know whether you people still continuing this discussion. But I need one suggestion.
I am going to finish my PhD in Biomedical Engineering from Canadian University. I am very much interested in doing MBA after my PhD. I have more than 3yrs exp in management from Pharma company. Is there any business school in Canada that will give priority to PhD graduates or admit students without GMAT(for PhD graduates). please suggest me.
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by Jon@Admissionado » Sat Oct 01, 2011 1:20 am
Hey to all those with PhDs who want to do MBA!
I just wanted to point out that it's not necessarily for you to ONLY seek out programs that are designed for people with PhD (although not having to take the GMAT is sure sweet). We've had clients get accepted to your run of the mill Top MBA program :) with a PhD. Actually, a PhD can be a very strong argument to convince the AdCom of your capabilities. You just have to make sure you a) Give them very good reasons for understanding why you want an MBA b) Show that you are somewhat capable of translating ideas into business.. and this you can do through your essays.
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by dhawal64 » Sat Oct 08, 2011 7:55 pm
even i am in same dillema.
i am pursuing my phD student in pharmaceutics and drug designng in university of oklahoma health sciences center.i am about to graduate by 2014 year.Due to my utmost interest in management field, i am interest in management field i am pretty interested in applying for the management field specially general MBA.kindly acquaint me regarding the admission critaria for the course and is a freh phD student applicable for the MBA programme or even for phD students work experiance is required.also will my GRE score last till 2014 or 2015 which was 1370 on oct 2010
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by Jon@Admissionado » Sun Oct 09, 2011 1:05 am
Hello,
Well the admissions criteria would be the same as for everywhere else. Now if ALL you have done is study, due to your PhD program, you totally are eligible, but you will need to find interesting and impressive ways to show off your "work experience" and your success. Thankfully, PhD programs in hard sciences can have many elements that are very "joblike"

As for your prep - succeed, get a great GMAT, take leadership wherever possible, do something revolutionary in your Phd Studies


As for your GRE, I think you'd be better off taking the GMAT and trying to score very high there.
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by throughmba » Sun Oct 09, 2011 3:15 am
dhawal64 wrote:even i am in same dillema.
i am pursuing my phD student in pharmaceutics and drug designng in university of oklahoma health sciences center.i am about to graduate by 2014 year.Due to my utmost interest in management field, i am interest in management field i am pretty interested in applying for the management field specially general MBA.kindly acquaint me regarding the admission critaria for the course and is a freh phD student applicable for the MBA programme or even for phD students work experiance is required.also will my GRE score last till 2014 or 2015 which was 1370 on oct 2010
The greatest point to push to any ADCoM is that you want full value of your education. AdCom guys, no matter from where they are academic creatures. They know that PhD is a rock solid degree. You can clearly quote your experience by saying that being an MBA after a PhD you dont expect a huge increment in salary. Infact tell them that you want to get the full value of your PhD and dont want to be labeled. Finally a PhD with an MBA and a desire to open a firm in the future is taken with lots of weight.

Pursuit of new knowledge may not be right way to win their attention.
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by MBAPrepAdvantage » Tue Oct 11, 2011 6:36 pm
I just wanted to add that the OP (original poster) had mentioned Cornell Johnson's accelerated program. The program is designed for Scientists and Engineers in that the quantitative courses are taught at an accelerated rate under the assumption that the participants can handle the pace. It is a good fit for the applicant and Cornell does enjoy a very good reputation.

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by dhawal64 » Thu Oct 20, 2011 6:10 pm
thanks a lot for the reply and meaningfull information.also do i need to have some work experiance before cracking GMAT ,is research experiance during phD also counted as work experiance.
throughmba wrote:
dhawal64 wrote:even i am in same dillema.
i am pursuing my phD student in pharmaceutics and drug designng in university of oklahoma health sciences center.i am about to graduate by 2014 year.Due to my utmost interest in management field, i am interest in management field i am pretty interested in applying for the management field specially general MBA.kindly acquaint me regarding the admission critaria for the course and is a freh phD student applicable for the MBA programme or even for phD students work experiance is required.also will my GRE score last till 2014 or 2015 which was 1370 on oct 2010
The greatest point to push to any ADCoM is that you want full value of your education. AdCom guys, no matter from where they are academic creatures. They know that PhD is a rock solid degree. You can clearly quote your experience by saying that being an MBA after a PhD you dont expect a huge increment in salary. Infact tell them that you want to get the full value of your PhD and dont want to be labeled. Finally a PhD with an MBA and a desire to open a firm in the future is taken with lots of weight.

Pursuit of new knowledge may not be right way to win their attention.
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by throughmba » Thu Oct 20, 2011 8:56 pm
Get some real business experience. That will fortify your profile for sure. You know research experience is merciful experience. They would love to know how did you feel when you were at war.
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by bala_bt » Mon Jan 06, 2014 8:42 pm
Dear Member,

I was happy to see the discussion topic what I was looking for . I have completed my M.Sc. Biotechnology from University of Madras 2011. Currently I am pursuing my PhD now in the field of Nanobiotechnology. Till now I has 2.3 yrs of research experience in the field of Nanobiotechnology. Still now I dint have any publications. I am looking to shift my career towards industrial managerial position after my PhD. I am not in the situation of preparing to any competitive exam for MBA.
I want to carry out my MBA programme by Part time or by Correspondence or by Online which well suits me to the managerial position in Life science industries in India and abroad. Kindly clarify the following queries .


1. I came to know from previous discussions that MBA for Research programme is available in abroad, being I am India , provide me the possible way of do it and its value .

2. As I searched in India four MBA programmes are available related to Life science.

a.MBA in Technology management
b.MBA IN HOSPITAL MANAGEMENT
c.MBA in Biotechnology
d. MBA in Health Care Management.

Kindly suggest me the better MBA programme in India or abroad which suits me well for rewarding career .

Warm Regards

Thank you .
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by MBAPrepAdvantage » Fri Jan 10, 2014 9:54 am
To some extent you will want to reverse engineer this. Here is a process:

1. Identify the competencies that and industrial manager needs and the likely positions in your career path. Here are a couple of links (https://www.villanovau.com/industrial-pr ... n-manager/) & (https://education-portal.com/articles/In ... ments.html) but the identified skills might not match the ones needed in your desired positions in your country. Just because two titles are the same that does not mean the positions are the same.

2. Look at the coursework and programs for each degree you list and see which ones best align with your desired positions. Also, the programs themselves might say so on different websites. Call the career offices of schools with those programs to ask if these programs prepare you for an industrial manager position.

3. On a high-level:

a. An MBA in Healthcare Management is the broadest term and usually has coursework about the healthcare industry, comparative health care systems, financial dynamics, delivery, ethical aspects and more but some of the study is country-dependent. For example, in the U.S. regulation might be emphasized whereas in India reverse-innovation. This degree will most likely be beneficial to you especially over the long term.

b. An MBA in Hospital Management does not sound like it is suited for you unless you wish to work in a hospital or clinic.

c. An MBA in Technology Management is more for managing the functional area of information technology which does not seem to align with your more operationally-focused interests.

d. I know the least about an MBA in Biology,. My guess would be that it is similar to an MBA in Pharmaceutical Science and popular in India due to the Indian pharmaceutical industry. But per above I would look at the coursework, programs and career resources.

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by bala_bt » Thu Jan 16, 2014 2:08 am
Thank you for your valuable suggestions .
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