Hey everyone, I recently got an offer from a MM bank in ER covering Med-Tech. I do not plan on looking for a new job anytime soon, but would love to hear some more experienced people's thoughts.
I would like to try to eventually transition over to Buy-Side ER at a HF, and I want to know how big of a role what sector you cover plays into making the transition. Is Med-Tech an attractive sector for HF's to poach SS ER associates from? After going through many 13-Fs I am aware that most HFs have some exposure to the Med-Tech industry, but still just want to hear other people's thoughts on what I can do to make myself an attractive candidate for a HF when I eventually would like to make the switch.
Would really appreciate any insight on this, and thank you!
Based on the most helpful WSO content, here are some insights regarding your situation:
Sector Attractiveness for Buy-Side Transition:
Making Yourself an Attractive Candidate:
General Advice for ER to HF Transition:
Long-Term Outlook:
By focusing on these areas, you can position yourself well for a future transition to a buy-side role in a hedge fund. Good luck!
Sources: ER Career Paths, ER Career Paths, Where does ER go from here?, Affect of the sector you cover on work/life balance for ER Associate?, https://www.wallstreetoasis.com/forum/hedge-fund/sell-side-er-to-buy-side-conundrum-staples-vs-energy?customgpt=1
bump
Following, do you have/need any medical background/experience?
I worked at a small HC VC firm for 3 years before wanting to transition over to sell-side research. No medical/HC education, was a finance major.
may I ask why the transition from VC to public?
Yes. P72 has a big medtech team.
Med tech is a decent spot to be in, usually end up cross covering some of the life science names as well. Don’t need advanced degree/med background for these tbh
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