Is a management degree worth the investment for physicians? A survey of members of the American College of Physician Executives.
In a survey of 568 physician members of the American College of Physician Executives (ACPE), most of whom had advanced management degrees (MBA, MMM, MPH), approximately 90% of respondents reported that their investment in the education was "worth it." The return on investment was independent of the quality of the academic institution, although primary care physicians stood to gain more relative to specialists. Salary comparisons showed that female physicians had approximately 20% lower incomes than male physicians, confirming the presence of a "glass ceiling" for female physician executives as seen in other medical specialties. These findings have implications for early and mid-career physicians and physician recruiters.
Weeks
William B
WB
Center for the Evaluative Clinical Sciences, Dartmouth Medical School, Hanover, New Hampshire, USA. wbw@dartmouth.edu
Lazarus
Arthur
A
Wallace
Amy E
AE
D003625:Data Collection; D005260:Female; D051270:Headache Disorders, Primary; D006801:Humans; D008297:Male; D008511:Medicine; D008875:Middle Aged; D008486:Physician Executives / Q000191:economics* / Q000193:education*; D012044:Regression Analysis; D012456:Salaries and Fringe Benefits / Q000706:statistics & numerical data*; D012955:Societies, Medical; D013038:Specialization; D014481:United States