Mid-career switch into healthcare IB

Hi, so I am currently a consultant for a life sciences consulting company. Thinking about a switch to a healthcare-focused IB (maybe a industry analyst or equity research associate). Would appreciate some help.

first, my background: top 5 undergrad business school, 2 years at a top 3 consulting firm, MD and MBA degree (tier 1 MBA) and 1.5 years at my current role in healthcare-specific consulting.

I have been contacted by recruiters for IB roles such as "industry analyst" or "equity research associate" -- in which they say I will work hand in hand with Managing Directors of healthcare-focused IBs (most full service).

My questions are: -What do these roles look like in the hierarchy of IB org charts? Would I "be starting over," or essentially lumped in with 25 year olds with 3 years of IB experience within these organizations? Is there something special about "working hand in hand with a managing director -- like a fast track? -What type of hours am I look at with this role? I currently work 65-70, but don't want to go too crazy here. -What is the salary for this type of position, given my background?

Thanks -- I admittedly know little to nothing about the IB space.

1 Comments
 
Best Response

Tempora amet et recusandae alias sit omnis. Optio quas est amet voluptate minus eos pariatur. Ad odit debitis totam ipsam esse et. Sunt eius eos iusto veniam labore est perferendis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 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 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $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

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...”