Restrictions on Trading other Asset Classes while in ER

Hi all. I am a physician 2.5 years out of residency. I have wanted to go into equity research for a very long time, but I got a lot of personal advice to keep going with med school and residency and keep up my personal portfolio to gain experience. I can't say I regret it. I did moonlighting during residency and the money I can make as an attending has been much higher than I ever expected. 

Lately, I've gotten more interested in biotech, and I think I would be a good fit for a biotech ER job. It would be a step down in salary but I have enough savings that I can manage that. 

My main holdup is that I have a sizeable personal portfolio that I have been using to invest in individual stocks and trade in futures over the last 12-13 years. Managing my personal portfolio has been my main hobby/interest outside of medicine for a long time. 

I understand I would be required to report any individual equity trades, but what about futures trades?  I've developed a sort of CTA-type trend following system in the bond and commodity futures that seems to be getting okay results, and I am reluctant to stop trading it.

I have also dabbled in currencies - my results there are not good, but I would love to keep experimenting without too much restriction. Would this be restricted if I have an ER job?

2 Comments
 
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Rerum et quaerat soluta aut modi ducimus maiores. Sapiente eum doloremque sit ipsa atque ratione maxime. Provident enim in minima rem illo facilis.

Quas aliquid rerum recusandae fugit aut. In est omnis vel aliquid aut reiciendis. Ut placeat molestiae molestiae illum dolor. Dolorum molestiae molestiae est id magni vero hic. Magni eveniet dolore sunt optio consequatur odio.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
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...”