Healthcare/Life Sciences M&A Recruiting
Context: Dual degree sophomore studying Bio + Econ at a top target (Harvard/Wharton). Work experience is staggered (value-driven HF, MM IB, biotech outcomes research) and have limited healthcare exposure other then degree.
Have read a few biotech primers and reading a book on biotech valuation. That said, I would definitely say I'm not as knowledgable/passionate about biotech/healthcare as a lot of the other healthcare focused sophomores I know.
Would generalist or healthcare specific recruiting be an easier process for me? For firms like Moelis (Moelis Life Sciences), Centerview (healthcare), Lazard (Healthcare) with direct HC/LS recruiting processes, how competitive will it be?
Is it easier to get a generalist position with my background, or can I spin my degree and rudimentary understanding of biotech for an easier healthcare process with a higher hit rate.
Based on the most helpful WSO content, here's how you can approach Healthcare/Life Sciences M&A recruiting:
Leverage Your Academic Background: Your dual degree in Bio + Econ from a top target school is a strong foundation. Emphasize the analytical skills from Econ and the industry knowledge from Bio in your applications and interviews.
Highlight Diverse Work Experience: Your experience in a value-driven HF, MM IB, and biotech outcomes research, even if limited in healthcare, shows versatility. Frame these experiences as giving you a unique perspective on value creation and analysis in various settings.
Biotech Primers and Valuation Knowledge: Continue to educate yourself on biotech valuation and industry specifics. Being proactive in your learning can compensate for a lack of passion, as it shows commitment and a growing interest.
Generalist vs. Healthcare Specific: With limited healthcare exposure, generalist roles might be more accessible, as they often require a broad skill set that your diverse background supports. However, don't discount healthcare roles. Your degree and self-driven learning can be compelling if you can effectively communicate how they translate to real-world skills and understanding.
Competitiveness for Healthcare Roles: Firms with direct Healthcare/Life Sciences recruiting processes are competitive. However, your target school and dual degree can make you a strong candidate. Tailor your story to highlight how your experiences and education align with the firm's focus.
Spinning Your Background: To spin your degree and understanding of biotech for healthcare roles, focus on how your economic analysis skills complement your biological sciences knowledge, enabling you to assess companies and deals with a unique lens.
Remember, networking is key in M&A recruiting. Reach out to alumni and professionals at your target firms, and be prepared to discuss your interest in healthcare and how your background supports it. Good luck!
Sources: Biotech finance: from IB to VC / HF to funded startup, Medical School --> IBanking, Q&A: 1st year VC analyst (~750M AUM), Exiting a Family Office - help/advice?, Post MBA IB: deciding which group?
Hey man, I’m in a similar position (double major bio+Econ at target), do you wanna talk in private about this
With just a little bit of networking I’d say you’d have a better story for healthcare specific groups for sure
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