Corporate Development/FP&A to Equity Research
So, I'm looking to move into equity research, specifically as part of a healthcare group. A Corp Dev/FP&A analyst role with a healthcare company has been recommended to me by a recruiter.
I understand that FP&A can give you a lot of experience in accounting, but how relevant would this be to ER?
Also, how difficult would it be to move from Corp Dev/FP&A to ER?
The thing with ER is that each analyst has their own preferences. I've done a FP&A role as well, and I've gotten hits on the resume. So if they want an accounting based person living in models then you should be a fit. It is transferrable, you just have to know how to pitch it. The next best thing to do would be to try and get some industry experience, especially in healthcare, where I've found breaking into an associate role to be a bit more challenging than other sectors.
The problem you will face with healthcare ER associate roles is many of these guys have master's degrees in that field or at least have their undergraduate studies geared toward it. They hire a lot of guys straight from med tech companies and teach them the accounting and the modeling instead of teaching finance types the industry.
You can definitely do it. You might want to look into some classes to take in that field to put on your resume to show you're passionate about the industry. Outside of that, I'd say best bet is to network. I have some names of analysts that you could cold email, although you will probably have to wow them with something to really get their interest. I had a decent interest in Med Tech ER, actually got a final round interview at a MM with FP&A on my resume.
Thanks for the reply, LS.
I have a master's in chemistry, with a focus on pharmaceuticals, and I've interned for a year at a large pharma company (think Pfizer, GSK, AZ, Novartis etc.). So I feel this shows that I'm passionate about the industry. But I think my lack of experience in finance, especially modelling may be hurting my chances.
I would really appreciate it if you could pass on the names of those analysts.
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