Non-Life Science Background for HC PE
Say you are at a MM Bank in their HC group - is it worth staying in HC if you don't have a life science/bio background? I feel like nearly all the buyside roles in HC love / only hire these backgrounds (vs an Infra PE team only wanting to hire a person with an Engineering degree/background).
Feel like there is no point to staying in this coverage because it will just fuck me when it comes to buyside recruiting.
Don't get me wrong, I am not aiming for KKR Healthcare but I still want to be able to have a genuine chance working for a good UMM / MM fund (in their Healthcare team).
Any insight from people in HC teams i.e. what do you guys look for? I noticed before a good chunk of people hired were just classic finance bros but now it seems the weighting has shifted way more towards hiring actual doctors/PhDs/advanced degree holders.
? i feel like healthcare buyout has plenty of non science majors? different for like biotech/medtech VC/crossover/royalties, but doesn’t rlly seems to be a limiting factor especially from first principles of the job
if ur group only does biotech deal flow that might just be harder for PE in general (also take me w grain of salt, its just what I hear)
My group is mainly biotech, also my bad - should have been clear. I am in Europe so seats are limited - most I've seen posted or heard about, majority seem to be from life sciences.
check if it’s life sciences services teams or therapeutics, if u know u wanna do biotech investing (pre-commercial) then yep it’s gonna be difficult, but at least in the us there’s plenty of finance ppl doing life sciences services
This is only true the early stage molecule investors. For some reason I’m forgetting the actual term for such people but Bain BioVentures is a prototypical example.
Healthcare PE is just normal finance people.
Arent most PE deals in HCIT or HC Services anyways? Only the biotech/life sci ones look for PhDs
I did an internship at a HC PE firm, only like a special VP had a science background, the rest were traditional finance
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