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Chicago Booth Targets Healthcare Sector With New Business & Biomedical Sciences Joint Degree

The prestigious business school aims to prepare students to become leaders in the healthcare sector with a chance to study an MS in Biomedical Sciences while also gaining their MBA

Tue Sep 12 2023

The University of Chicago Booth School of Business announced the launch of a new joint degree for professionals interested in the healthcare sector, combining an MBA with an MS in Biomedical Sciences (BMS). 

The announcement revealed students will gain the chance to study the highly prestigious Booth MBA program—ranked among the best in the world by the Financial Times—while also undertaking the BMS MSc via the University of Chicago Pritzker School of Medicine. The entire program will take two years to complete. 

Combined, the curriculum will involve 14 courses taught at the Booth School of Business—one of the world-renowned M7 Business Schools. A further six modules will be taught at the university. The business school portion will also involve a practical experiential leadership development course. 

The joint degree program was designed to prepare students with leadership and managerial skills alongside clinical and research-based knowledge to help them succeed within the healthcare sector. 

“The program is aimed at anyone interested in building, managing, or investing in healthcare businesses where understanding clinical science is important, and who have some work experience under their belt,” said Dan Adelman, director of Chicago Booth’s Healthcare Analytics Laboratory, and professor of operations management. 

“Today with the explosion of scientific innovations, as we saw with mRNA vaccines during COVID, genetics, and advances in care delivery, the world needs people trained in both biomedicine and business to bring these innovations to people around the world,” he added. 

After completing the program, graduates will be prepared to launch careers in areas including biotechnology, pharmaceuticals, and government. 

The announcement also revealed the addition of a new healthcare concentration within the Booth MBA curriculum. This will provide students with the option to study four healthcare-specific courses and one lab-taught course in areas ranging from Healthcare Economics to Healthcare Analytics. 

Both the new degree and concentration are part of a renewed focus on healthcare at the university. Chicago Booth launched the Healthcare Initiative in 2020 to bring together industry leaders, policy makers, and experts at the school to work towards improving healthcare research. 

“Chicago Booth’s rigorous data-driven, evidence-based approach to business and economic thinking, together with a world-class medical school at the University of Chicago Pritzker School of Medicine, makes us an ideal place to study healthcare,” added Adelman, who is co-director of the initiative. 

Elsewhere, Chicago Booth also recently announced the launch of a Master in Management degree, making it the latest in a number of US business schools to enter the MiM market. 

The main image in this article is attributed to Spikebrennan at English Wikipedia and used under this license.