As the medical profession becomes increasingly complex, physicians are no longer engaged solely in clinical care or research. They must also be involved in the business of medicine.
An MBA provides essential management education that facilitates physicians' understanding of the larger impact the business of healthcare has on patient care, as well as how the specific clinical setting in which they work may impact their own patients. An MBA also provides essential skills to physicians contemplating opening a private practice or starting a business. Other career options for MD/MBA students are wide ranging and may include becoming a medical director, a consultant to pharmaceutical companies or a director of a public healthcare agency.
Admission to the MD/MBA programApplicants to the MD/MBA program will complete a joint application that is evaluated independently by each school. In order to qualify for the MD program, candidates must have completed at least one year of undergraduate study in English and one year each (including laboratory) of Inorganic Chemistry, Organic Chemistry, General Physics and General Biology.
Students may apply to the MD/MBA program at one of two points:
- Current students at the NYU School of Medicine may apply to the dual degree during their third year of medical school.
- Non-enrolled applicants may apply for admission to the MBA concurrently with their medical school application, prior to starting either program. In this case, upon acceptance to both the medical school and the MBA, students defer starting the MBA until completion of their third year of medical school.
Individuals who hold one or both of the individual degrees are not eligible to apply to the MD/MBA program.
View application deadlines and learn more about the MD/MBA application process.
Program StructureThe dual MD/MBA degree takes five years to complete, representing a savings of one year compared to the length of time required to earn the two degrees separately.
Students enroll in the School of Medicine on a full-time basis for the first three years before taking a dedicated year to enroll full-time at Stern to begin the MBA program. Enrollment at Stern begins in the third year and extends through the fall and spring semesters of the fourth year. Students then return to the medical school for the summer and fall of the fifth year, followed by a final semester of MBA coursework in the spring of the fifth year. Students are awarded the MD in May of the fifth year and the MBA upon successful completion of the final semester of the program. To view a sample schedule, visit the MBA Academic Affairs website.
Tuition & Financial AidMD/MBA students pay full tuition and fees at the school through which they are registered each semester. If a student exceeds the maximum number of per-semester credits and/or courses permitted by the school in which she/he is registered, the tuition and fees for the additional credits must be paid to that school.
All applicants admitted to Stern are automatically considered for merit-based scholarships. The School of Medicine offers scholarships that are primarily need-based. Both schools offer a variety of loan programs.
View information on Stern MBA financial aid and School of Medicine financial aid.
Career ServicesStudents are encouraged to take advantage of all career counseling and placement services at both Stern and the School of Medicine throughout the dual degree program. It is expected that MD/MBA students will pursue the typical medical residency application process during the fifth year of the program; however, those who have an interest in pursuing a career in business may utilize career services at Stern.
As MD/MBA students have required medical clinical work during the summer between the fourth and fifth year of the program, they are not eligible to participate in MBA summer internship recruiting. Students who wish to have access to on-campus recruiting for permanent (full-time) positions upon graduation must complete the Ignite program, offered by Stern's Office of Career Development (OCD). The program must be completed during the first full year at Stern.
All dual degree students have access to Stern alumni and Stern-specific job postings beginning in the first fall semester of enrollment at Stern.
Learn more about Stern MBA career services and School of Medicine career advising.