I know I'm going to get heat for this, but why would someone choose to go into healthcare investment banking? I know it's one of those industries that will continue, but the volatility and unpredictability seems to be a deterrent.
Any info will help.
Massive industry disruptions are generally a good thing for investment bankers.
I assume the Insurance mergers will fall under FIG and not Healthcare?
Depends on deal team. Usually HC and FIG staffed together to leverage each group's expertise. This of course assuming the insurance company is HC related.
It's usually both healthcare and insurance. Source: work in HC IB
Professor told me that healthcare will never be fixed; therefore, you will always be guaranteed a job there. Obviously take that with a grain of salt, but healthcare is a fucked up system that is volatile but is good for bankers
Sadly, there's some truth to this.
Wow... a lot more than I was expecting. Thank you all for your input
not a banker, but we have a lot of clients in healthcare. a couple reasons make this an attractive industry:
plenty of venture money interested in it, so early companies with interesting compounds/delivery methods will have capital available to them, so that takes care of early stage
FDA is becoming very friendly to innovative drugs that cure a lot of diseases, like immunotherapies
mature companies that own the molecules have cash to make acquisitions
marketers generate tons of free cash flow to make acquisitions once the drugs become marketable
pharma got really fat over the past 2 decades, but it has recently gotten leaner, with companies getting more focused, spinning off divisions, etc. this goes in waves, expect that cycle to continue.
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