Leerink Partners Culture?
Currently a student at a semi-target looking to break into IB after graduation. Lots of family in the south east so would prefer to stay close to them (not as interested in NYC or other north east locations).
Very curious on Leerink Charlotte right now (healthcare interest, location, etc). Any insights into this group in particular? Interested but very cautious as I've heard horror stories of horrid culture / treatment of juniors by associates upward / sweatshop hours. Can anyone confirm? Thoughts on other offices too?
Avoid bro I had an offer there but they came off as very stuffy and egotistical (nyc)
bump
I know that hours =/= culture, but it gets to a point where they grind you so hard it becomes a cultural issue. Know analysts there who sleep 3 hours a night consistently and work past midnight even on weekends
Going to give some measured feedback aside from the usual disgruntled emotion that usually gets tossed around on here as a former employee. 1st off I think we need to acknowledge that the biopharma side of this business is second to none - though I have mixed to negative feelings on the HC Services side. Charlotte office in particular primarily revolves around pharma services and CDMO but unfortunately has taken a step back (even pre-bk) with one of the top MDs running the show down there leaving for RayJ. This has only been crippled further by the support in NY also being poached by RayJ some time back and as of now I think is really a shell of it's former self.... Now with that being said I think the guys out in Charlotte are phenomenal guys and VERY different culturally to the NY crowd.
Firm wide - without getting into the specs of it there were issues pre-bk but since then culture as mentioned by some on this forum has really taken a nose dive (I've literally had at least 3 former interns who matriculated FT call me for advice unsolicited b/c they literally have no idea wtf is happening and the place is unrecognizable, and make no mistake there is a real fear of repercussion to speak up about the issues and a lot of firing happening atm at all levels). I think all of us who got out in the last 6 months (whether forced or otherwise) are really happy we did when we did b/c it really began to reach an inflection point after the bk. MDs are phenomenal across the board but the issue lies in the VP / ASO crowd which has contributed to 1) a lack of development / reps across key quantitative skills, 2) political and snipey workplace, 3) lack of visibility on what this product will look like in a years time, & 4) Hunger games level factionalization within the analyst pool. For reference many of the heavy hitter SMD / MDs have already jumped ship for better ops (see new articles about Jed Brody if you need any proof) and those which are still around I'm pretty positive won't be if push comes to shove come contract renewal.
IMO - if you are serious about making IB a long-term career path I think there might be an argument to give it a look, but otherwise I'd say that the lack of job security (in excess of IB generally in a stagnant market), obvious cultural issues, and real uncertainty of the firm being able to come back from the brink would have me looking elsewhere if I were in your shoes. There are plenty phenomenal other HC coverage groups to look at and I just think you're better off looking for a place where at least you know you will attain the skills necessary for exit if that is what you choose sans the political BS that inevitably would come along with this one.
I have an offer for leerink next summer can I PM you?
Yep, reply to this under your username and I’ll reach out. No problem setting some time to chat via phone if needed
Regarding top-down management styles, will agree with above poster that senior leadership at Leerink is top-notch. But, the example set by them doesn't always flow down through the hierarchy.
I can speak for Leerink NY but i heard the culture is similar at all branches
Avoid at all costs. Associates have openly admitted to “dumping work” on analysts just because they can. The higher ups are lazy and have never been hardworking at anything in their lives. You can tell everything’s been handed to them because they do not take accountability for any work. They also have severe communication issues within the firm. Tasks get created for absolutely no reason. And mid level management cannot even agree on comments given on tasks.
Lack of deal closing ability by senior team. Only a few people here know what they’re doing, and the rest create unnecessary work because of their incompetency and insecurity. analysts and associates have been flocking away making the workload for junior staff even more atrocious. AVOIDDDDDDDDDDDD
btw i don’t work there but my roommate does. he is a trooper for staying all this time honestly , no one at this firm makes it easy. And the stuff i’ve heard about the higher ups…………I’ve never heard of a more passive aggressive and manners- lacking group of people ever in my life.
biopharma or hcs or both?
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