ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 197: Feeling Burnt Out? Is Pivoting and Earning Your Executive MBA Worthwhile?

Conventional wisdom would suggest that becoming more educated should result in earning more money. And when you combine that sentiment with ambitions of change either within or outside of emergency medicine, seeking an Executive MBA may be an appealing option, especially for an ER doc looking to reduce clinical hours. But when it comes to EM, more money and a better opportunity may not be as matter of fact as it is with other careers.

On today’s episode, we’ll discuss our experience with clients who have pursued and obtained their Executive MBA and what changes it led to personally, professionally, and of course, financially.

Topics Discussed:   

  • Should ER doctors get an EMBA?
  • Financial implications and opportunity costs of getting an EMBA.
  • Mental and emotional challenges of getting an EMBA while working clinically.
  • New career options an EMBA can provide, such as hospital administration roles.
  • Risks of getting an EMBA, like lower pay and job instability.
  • Financial success and long-term planning for ER doctors.

Resources Mentioned:

Tags

financial planner, emergency medicine, ER docs, emergency doctors, 401k, Executive MBA, burnout, recovery, career change, higher education, professional growth, EMBA journey