How to be a Healthcare beast come time for recruiting?
Hey all, I go to a school extremely well known for healthcare and think pharma valuations are super interesting. Want to leverage school name to get into a healthcare group. Lots of kids end up in healthcare banking and have obv been speaking to them. However, would greatly appreciate any extra advice what to read to up my knowledge on all the healthcare verticals. Have read the DB 2012 primer and listen to fierce pharma podcast already. Thanks all!
Congrats on LSM/LSBE
Hell nah, no hate to umich tho
Oh shi it’s Penn also hell nah
JHU?
Sign up for newsletters and read the headlines every day—Fierce, Endpoints, PharmaDive, Stat, Axios
Finished recruiting recently. My advice would honestly be to read a ton of news. Sign up for as many newsletters you can and read them diligently. That way you get to read about recent things and it will be more interesting than a primer (which can be hella dry). Idk about healthcare specific stuff tho, wasnt my vertical of interest.
Have a good reason as to why Healthcare and have that reason be demonstrable by way of things like following healthcare news, demonstrating particular interests in sub-sectors of healthcare such as life sciences or services etc (you should know which sub sector the group you’re interviewing for is practicing) and speaking about it in a way that doesn’t sound scripted or robotic. It’s fine if you don’t have a HC background at all but being able to “casually” articulate your interest in biotech for example by discussing some recent transactions or recent developments in TAs that interest you would be great.
Try to understand industry definitions first before you throw around what you want to do. I seriously don't get why people bundle healthcare and life sciences together, but I guess thats mostly an American thing (i.e., "JPM healthcare conference). In general I would say there is a clear distinction between verticals:
- healthcare
- life-sciences
- med-tech
Healthcare: retirement homes, health care providers (i.e., dental roll ups, private care facilities, beauty clinics, etc.)
Life-sciences: large pharmacos, biotechs
Med-tech: medical equipment manufacturers
I'm not a banker but covering healthcare is something completely different than covering life-sciences as a consultant. Healthcare takes mostly some regulatory/market knowledge whereas life-sciences needs a mix of factual/scientific knowledge (R&D, patient funnels, treatment areas), regulatory knowledge (market access), operational knowledge (manufacturing), commercial knowledge (launch, pricing).
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