Potential exits for a U.S physician post MBB?
Hey everyone, wanted to get some advice as I'm pretty new to the business world.
For background, T15 private U.S undergrad in the U.S and T20 U.S medical school, not sure how much it matters. No business experience until toward the end of med school when I decided to pivot to consulting after realizing that clinical medicine is not for me. Did some healthcare-related internships and managed to land a BCG offer through the ADC Bridge to BCG program. Also interviewing soon with McKinsey for final rounds.
Now that I have an offer in hand, I kind of realized that I never thought that much about what I want to do after my time at MBB. I know that staying until partner is one path but it's highly skill and luck dependent so don't want to count on it. A friend in PE mentioned PE Ops as well but I know that's also highly competitive and might not be realistic.
Assuming that I work exclusively in healthcare and/or pharma during my time at MBB, what are some exits/ positions that might fit the profile of a physician with MBB experience? Thanks!
Based on the most helpful WSO content, here are some potential exit opportunities for a U.S. physician post-MBB, especially if you work exclusively in healthcare and/or pharma:
Pharma/Biotech Specific Funds:
General Healthcare Private Equity (PE):
R&D Management:
Strategy Teams in Large Companies:
Business Development in Tech Startups:
Portfolio Management:
Equity Research:
Consulting within Specialized Healthcare Firms:
These roles leverage your unique combination of medical knowledge and consulting experience, making you a valuable asset in various high-impact positions within the healthcare and pharma industries.
Sources: Q&A: 2.5 years @ MBB post PhD, Q&A: 2.5 years @ MBB post PhD, Q&A: PhD -> MBB (with some steps in between), Doctor thinking of exit opportunities, Pharma/Biotech Exit Opps
Given your background, your main exits will be:
- Corporate strategy/analytics in a healthcare/pharma company (I heard Pharma companies pay pretty well, I'm sure you'll have enough issue getting 250k - 350k TC after 2-3 years of MBB if you find the right role).
- PE Ops in your industry
- Another boutique consulting firm that specializes in your industry of choice
- A startup (Depending on your personality)
- VC
PE Ops and VC are competitive, but your background as an MD will help you a lot. If I'm a biotech VC firm, I'm taking the consultant who has medical training any day over a standard MBA --> MBB guy. When I was in MBB consulting, I did a project with a med tech company and there were multiple MDs on the case. The MD not only adds credibility, but you will also understand medical technologies and systems in a way a standard consultant cannot.
Thanks for the comprehensive list, it's very helpful!
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