This paper presents a model for developing an interdisciplinary principal preparation program, an MBA in Education Leadership, which integrates best practices in both education and business within an educational context. The paper addresses gaps that exist in many traditional principal preparation programs and provides an alternative model, which instills key business skills, and competencies that will allow principals to serve as exemplary school leaders. The paper provides a description of the program development process, program highlights, courses, program structure, faculty selection criteria, admissions and selection process, and executive coaching. This model provides a blueprint for other principal preparation programs to utilize, with the goal of developing well-rounded organizational leaders.