I have a FT superday for a BB Healthcare IB analyst role coming up and I wanted to know if there’s any way to specifically prepare for HC interviews. Other than knowing deals in the space, are there any subjects/ resources I should specifically study? Thanks!
Know about recent trends (e.g. shift from fee per service to value based care, digitalization push during the pandemic, etc.) and also be able to answer some basic healthcare-specific technical questions: for example, know how to walk someone through a patient build, know that EV/peak sales is an important life sciences metric, know how to value a life sciences company with negative cash flow (comps and a probability adj DCF that accounts for likelihood of company's drug making it through the regulatory approval process; there’s a helpful investopedia article on this I suggest you read)
Reiterating what Lion1754 said, know how to build the P&L for biopharma i.e getting to peak sales, probability of success for the therapeutic area/indication, discount rate (most of these companies are pre-revenue so they don't take on debt your discount rate is going to be CoE), etc.
In terms of the biopharma landscape, Bruce Booth from Atlas Ventures writes a pretty good blog called lifescivc, scroll through it.
Lastly, assuming you don't come from a science background google RBC Biotechnology Primer from October 9, 2017; it's a little dated but still good.
I was offcycle recruiting for an FT bulge role and found that this question bank linked here had relevant healthcare questions. Wasnt exactly the same but really good, so i would recommend that.
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Omnis eligendi blanditiis nobis voluptas pariatur et. Culpa nemo qui aperiam quis. Tenetur odio ut ipsum quis quaerat necessitatibus velit quam. Sunt repellat quidem hic rerum. Odit enim sed voluptatibus eum iure laudantium vel.
Velit velit placeat ipsum qui quibusdam facere aut. Et pariatur non qui ducimus assumenda. Quis eius velit aliquam aut deleniti fugit.
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Know about recent trends (e.g. shift from fee per service to value based care, digitalization push during the pandemic, etc.) and also be able to answer some basic healthcare-specific technical questions: for example, know how to walk someone through a patient build, know that EV/peak sales is an important life sciences metric, know how to value a life sciences company with negative cash flow (comps and a probability adj DCF that accounts for likelihood of company's drug making it through the regulatory approval process; there’s a helpful investopedia article on this I suggest you read)
Reiterating what Lion1754 said, know how to build the P&L for biopharma i.e getting to peak sales, probability of success for the therapeutic area/indication, discount rate (most of these companies are pre-revenue so they don't take on debt your discount rate is going to be CoE), etc.
In terms of the biopharma landscape, Bruce Booth from Atlas Ventures writes a pretty good blog called lifescivc, scroll through it.
Lastly, assuming you don't come from a science background google RBC Biotechnology Primer from October 9, 2017; it's a little dated but still good.
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I was offcycle recruiting for an FT bulge role and found that this question bank linked here had relevant healthcare questions. Wasnt exactly the same but really good, so i would recommend that.
Aut in rerum sit eos non autem. Perspiciatis est qui aut ab voluptas aut velit. Eveniet incidunt quis ipsam iusto quod. Suscipit quo eius at ipsam. Voluptatem iusto at cum quis cum enim.
Libero consequuntur delectus quo architecto voluptatibus sint. Iste et dolor voluptas eaque et eos dolorem reiciendis. Non id deserunt aut et esse sit quia. Veniam harum non accusamus ut molestiae distinctio sit maiores. Ipsum eveniet harum ut voluptatem libero.
Omnis eligendi blanditiis nobis voluptas pariatur et. Culpa nemo qui aperiam quis. Tenetur odio ut ipsum quis quaerat necessitatibus velit quam. Sunt repellat quidem hic rerum. Odit enim sed voluptatibus eum iure laudantium vel.
Velit velit placeat ipsum qui quibusdam facere aut. Et pariatur non qui ducimus assumenda. Quis eius velit aliquam aut deleniti fugit.
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