Health Care Group

Hello, I'm interning this summer with Morgan Stanley's health care group in NYC, and I would like to know a little bit more about the health care groups at banks. Do any of you have experience with health care groups? I suppose I would like some of your comments about what I should be expecting. Thanks.

6 Comments
 

as far as i know (please correct me if i'm wrong), healthcare is supposed to be one of the hardest working groups. terrible hours, sorry to say. but if you're interested in the stuff, that helps. i'm an econ major but i've been looking up a lot of M&A stuff for biotech firms for a course of mine and it can be interesting..if that's any consolation :)

 
Best Response

Healthcare hours in ECM at Citi are pretty bad- lots of dealflow and since ECM and IBD work together on deals, I'm guessing IBD healthcare has longer hours than other industry groups.

This was confirmed by a friend who was a SA in IBD healthcare, so I'm not just talking about it from an ECM perspective.

 

I don't necessarily think health care groups work longer hours on the whole. In my experience the hours are just more consistently long rather than have drastic peaks and valleys.

I'm not exactly sure why people are so high on UBS, either. Maybe I haven't been paying attention, but I haven't heard them announce anything big in a while. I've heard much more from Goldman these days.

 
Alison1986Hello, I'm interning this summer with Morgan Stanley's health care group in NYC, and I would like to know a little bit more about the health care groups at banks. Do any of you have experience with health care groups? I suppose I would like some of your comments about what I should be expecting. Thanks.

One thing: Boring......I interned a few years ago in equity research specializing in that sector...remember doing a lot of research about things i barely knew anything about and getting utterly confused over the terminology and other specs. the ER analysts also tended to assume that I knew more about the industry than I did...

I suggest you learn as much as physcially possible about the industry so you won't be utterly confused when you start your internship. Read back articles from publications, etc. Since they are mostly going to use you for bitchwork, to make the most of the experience you should really be able demonstrate a clear interest and at the very least a shallow understanding of the industry. The goal, as with all internships is to be granted as much responsibilty as possible.

 

Aut voluptatem velit omnis quia illo aliquam. Quas blanditiis magnam quaerat molestiae nulla. Minima ipsa aut minus mollitia. Animi laborum dolor nisi.

Exercitationem et sapiente facere. Accusantium assumenda soluta aperiam iste sit et. Possimus quam quod laborum qui.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”