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Psychiatrist

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Psychiatrist [#permalink] New post 06 Jun 2014, 21:03
I'm a Psychiatrist in training nearing the end of my residency and planning to apply to B schools after taking my GMAT next year.

I'll be 28 next year.
4 years of work ex including residency.
Have worked upto 16-18 hours/day upto 3 days at a stretch. Long hours are not an issue.
Was an average medical student in undergrad.
Participated in numerous charity camps throughout residency.
Have worked at all levels from being an intern to being the senior most resident.
Have taught undergrad students during my residency.
I am an outdoorsy kind of person, and have undertaken rather unusual trips in the past.
Was also the lead singer of my high school choir, having learnt indian classical vocals for 6 years.

I want to switch careers from Psychiatry to Finance, simply because I was never interested in becoming a doctor, I just became one because of parental pressure. The idea of working at a hedge fund/PE gets me really excited and that is what I would like to do post MBA. Getting the GMAT 700+ score isn't much of an issue, since I have taken many many exams with huge preparation requirements during med school and residency, and I am confident I can crack it with 3-4 months of prep.

I'd like to know how difficult it is for doctors with specialty training to make it to a top 10 b school in America. My #1 choice is Tuck School of Business. Also, I'd like to know what percentage of successful B school applicants are actually doctors who have completed their residency, or am I the oddball?
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Re: Psychiatrist [#permalink] New post 09 Jun 2014, 13:27
Expert's post
Hello,

Doctors certainly do get admitted to b-school. But I believe you face some high hurdles in getting admitted to top tier b-schools including Tuck.

Most doctors who attend b-school are seeking to leverage their career and experience to go into organizational leadership roles in some area of healthcare industry. (By the way, I don't know the percentage, but it is very small.)

AND many people successfully apply to b-school in order to change careers. But you need something more than the idea that you’d like a profession in order to be a credible applicant. The adcom will want to see deep knowledge of your target industry (even if not direct), will want to see affirmative reasons for your career change (they won’t care that you don’t like your current career and it might even be seen as a negative factor that you followed it for so long before taking initiative to change). Finally, they’ll want to see a plan for how you would get employed in your target industry, since most finance companies want to hire people with a related background.

If you want to pursue a career in finance, perhaps try to gain experience and exposure to the industry first, then apply to b-school.
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