SURVEY: Is an MBA valuable for a career in medical affairs? N=668
A third thinks it is overrated, another are not sure of the value (yet), and another third says it is needed to climb the corporate ladder. 4% thinks it is a must!
Here are some of your comments:
- There are so many things to upskill on, not sure the MBA is number one. I would maybe start with clinical trial development, medical planning/launch excellence or regulatory/reimbursement processes.
- Is it helping, yes for sure. Is it needed? Hard to say!
- Doing an MBA is very demanding particularly when traveling as an MSL. If you are happy to work during the evening and weekend then go for it.
- MBA can be very expensive. I would ask my company if they can help pay some of it and/or provide study days.
- Business acumen is a critical part of any senior role, so yes I believe it is a must, but perhaps start after you have done 2-3 years of MSL-ing.
- It gives you a strategic mindset and a different view in your decision-making process that is needed for more senior roles
- If you do decide on doing an MBA, do it part-time while working, this way you can put your learning into your work and your work into your learning, while paying for the (MBA) bills.
PS: For aspiring MSLs, It is pretty clear from our previous survey that an MBA is NOT needed/required to break into the MSL role. For those interested to read this article, click HERE
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