Anyone know any former physicians in finance?
Does anyone know any former physicians in finance? One of my buddies from medical school left a month in, and landed a job at a small HF (due to inside connections from his family). But, he said he knew quite a few MDs (not managing directors) on Wall Street. I'm about to finish up medical school, but don't want to pursue clinical medicine. I know medical doctors are a rare breed in finance, but does anyone know any either in a IB or PE/VC?
http://en.wikipedia.org/wiki/Michael_Burry
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Beat me to it Eddie
Physician Assistant to Financial Analyst (Originally Posted: 09/15/2016)
I'm currently in grad school to become a physician assistant. I've realized I like finance more than medicine and want to enroll in a master's in finance program. Any advice for how to get accepted or how to change career plans?
All you have to do is study for the GMAT and apply but if I were you, I would just go for a top 15 MBA program.
Thanks for your advice! But, I don't have any professional working experience, and I didn't take any finance or business classes in college. I think the top MBA's require 2 years of work experience. Someone told me to take the CFA level 1 to show my interest in finance, but I don't know if it would actually help me get accepted.
Are you looking to go into IB-type finance, or the corporate finance world?
I'd think you went into PA school for a reason -- have you thought about healthcare finance? If that's a route you'd be willing to explore, I'd recommend finishing PA school. Clinical experience is always valued in the healthcare world. Work for a year (while taking any necessary prereqs -- my program required Accounting, so I took an accounting course at a local community college while doing bench research...nothing wrong with that as long as you get the grades).
Then go back to school -- on the plus side, you could always pick up a shift if you need cash. Or, if you need to keep working, UNC has both an online MBA and an executive MHA (three long weekends in Chapel Hill each year for three years). That said, it is easier to change career paths when you have the clean break of a full-time program.
Disclaimer: I work in healthcare finance.
look into health care focused funds
Doctor in Finance (Originally Posted: 10/31/2016)
Can't figure out how to deltete this... delete delete detlete deltllete delete deltete deletetd detlete
you want to do finance AFTER completing med school?
I have a few real sharp buddies who had this type of dilemma BEFORE finishing under grad and the primary objection to medicine is the time/cash investment in med school. I am sure you are well aware that if you stay in medicine, depending on your specialty, in five to ten years you can reasonably expect to be making $300k, an income level that maybe 1% of finance guys ever obtain. So I wont even mention that.
The best advice I have for you is to get your story straight as to why you want finance now and what took you so long to figure it out. As of now, you kind of seem like someone who has no idea what they want to do, and that will scare the hell out of a hiring manager... An analyst does not need to be brilliant, but they do need to be reliable.
There are plenty of awesome success stories out there, so if you stick with it, things will pan out for you.
Best of luck.
apply to a company like the one this poster talked about
http://www.wallstreetoasis.com/forums/interview-today-with-small-invest…
Damn, that dude is badass.
Samiam, what do you think I should do to get started in finance? My current plan of action is to apply to MBB, do that for a few years, apply to top 7 MBA, then do IB for a couple of years, then jump into PE. Other than that, I really don't know of any way to get into PE firms directly, even ones that focus on health care corporations. From what I've heard, you need PE experience to get into PE. Any suggestions?
http://www.burrillandco.com/
They've got some former physicians
They exist, but from what I have seen they tend to function more in the advising capacity at the fund. The problem with that is like being a lawyer who has never practiced law, you have the education but you might not have the experience that the fund would be looking for...which is likely what they value most.
The path you outlined above is very possible. Just keep your eyes open and continue to network and you might just end up finding an opportunity.
I admire doctors, but feel sorry for them on some levels. My ex just finished med school and has 5 more years of school! that's nuts! then, on top of all the school...she will literally make twice as much money her first year of real work then she will over the next 5 years combined...and she will be working really shitty hours over those 5 years. lucky for her she will have an awesome specialty and good hours with stellar pay...just sucks you have to spend soo much time in school.
Best of luck to you.
Regards
^ after medical school, you don't go to school again...instead, you do a residency and make between 45-55k every year (which is essentially nothing considering the hours you work)
Yes, I know it isn't "school" its more like OJT, but the point is, you aren't done learning and you aren't making good money yet.
Regards
I've certainly met a few people with medical qualifications in finance; there's a guy at MS London's Healthcare team, there's a woman who just got picked up by Citi Healthcare at the MD level.
@Genesis,
Do you know what past work experiences they had to be able to break into finance? Also, how different are these healthcare groups? Do they just operate like boutiques within BBs?
Thanks.
As far as healthcare IBD groups, they're just like any other industry group at BBs, just focused on transactions for biotech/pharma companies, hospital groups etc. This may be interesting to you - http://medicalsuccess.net/speakers.php
The MS guy I met is on there.
Just found this, thought you might like to see it:
http://www.businessinsider.com/michael-burry-2010-3
[quote=Edmundo Braverman]Just found this, thought you might like to see it:
http://www.businessinsider.com/michael-burry-2010-3[/quote] Glass eye? That's awesome. He probably lost it when he traveled forward in time to see the market movements.
Oh, and apparently the author thinks neurology and neurosurgeons do the same thing, haha.
or you could do consulting then finance...
i know tons of MDs at MBB
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