Biotech equity research possible with ZERO finance experience?
Hi all,
So I graduated a couple of years ago with a science background, have been in research 4+ yrs at a top institution (in a very competitive field) with a handful of publications (including first author).
I have been interning this summer at a pharma consulting firm but am also interested in exploring options in biotech/pharma equity research.
Is this even possible with no advanced degree (PhD etc), and **no finance experience? **
Moving into Healthcare ER, What's the Worst Line on this Resume? (Originally Posted: 05/16/2016)
Have said it elsewhere so I'll be brief, but I'm a PhD with several years' post-doctoral experience in neuroscience/pharmacology finally getting the f*** out of academia and move into ER in the healthcare fields. Biotech, pharma, med tech... I am fascinated by them all. I've done a bunch of informational interviews with associates and analysts, and have been told repeatedly that I am doing everything correctly and just need to keep working at it and the right opportunity will come along.
Well, I've been working at this for 8 months and been unemployed for 6 of those. Admittedly, I was not ready for the first half of that time frame, and have only been told that I have done everything that I can for the past three months. I know I'm making continual progress and will eventually get a shot, but I'm running out of savings to pay the bills. Hell, I've started reaching out to friends that might help me get behind the bar again to bring in some kind of a paycheck while I keep networking.
That said, I'm getting lots of positive phone and email interaction, but have only had 2 in person interviews. As I didn't take any finance/business classes in grad school or undergrad (had blinders on about being career academic until a few years ago) and haven't taken the CFA yet, I know I'm behind the curve on experience and need to network my way into an interview. But the resume can always be improved. I have recently done a major face-lift on the resume to shrink it from 2 to 1 pages (I'm not fresh out of college, but I know now that 2 pages was still a mistake). I have a few extra lines to cut (looks like 4), so I wanted feedback on which lines were least relevant (for healthcare ER) that I should cut to finish tightening it up. I'm pretty sure I know 2 or 3 of those, but I left them in case you monkeys hate others instead.
All comments, no matter how harsh, are welcome. Happy to answer any follow up questions. Thanks in advance.
Hit me, I'll be a better man for it.
EDITED I should add that most open positions ask for 1 or 2+ years experience in ER, but this job description shows what I am going for...
Requirements Exceptional academic background – PhD in a life-science related field or an MD is a strong plus Applicants without a doctoral degree but with experience in Healthcare Equity Research or Healthcare Investment Banking will also be considered Outstanding analytical skills. Ability to do deep primary research with industry executives, physicians and legal consultants Strong verbal and written communication skills Good work ethic, attention to detail and a desire to learn about the biotechnology industry and markets Proven ability to work well on teams, self-motivated, showing initiative and a willingness to work hard Series 7, 63, 86 & 87 required, or willingness to obtain