BAML Healthcare in SF
What is the reputation of Baml's SF team?
What are the disadvantages and advantages of taking an SF full time offer over a NYC offer in IB? There are like 8 people in Baml's SF healthcare office versus like 60 in their NYC office.
Any idea what the hours are like for the healthcare group in either office?
As far as culture goes, it's a sweatshop
specifically within HC? Cuz I've heard conflicting opinions
They do more life sciences / bio tech work and more IPOs and deep dives into companies / drugs. Recently had some people leave.
any info on the culture? thanks!
B of A Health Care IB (Originally Posted: 10/20/2012)
I have a potential strong contact in this group and was wondering some info on it. Starting salary for first year associate (no business school), hours, dealflow, prestige. I figure it would be similar to other groups but just wondering.
That was the best h-care group on the Street a few years ago. Don't know about now, though.
Says who?
I've met a few MDs and analysts in the group. Very good and one of the better coverage groups at BAML. Deal flow seems strong which leads to fairly bad hours.
bump.. opinions?
My info is a bit stale, but they lost a bunch of the team to Leerink Swann a few years (~2-3) back. I don't know if they have rebuilt or not.
hm okay thanks for the insight. any other info would be appreciated.
ML Healthcare West Coast (Originally Posted: 04/07/2007)
Anyone know anything about this group? This is for an Associate position. Is the group any different from the healthcare group in NY?
I am currently in the healthcare practice at a top tier MC (M/B/B). Will be interviewing for a 2nd yr Associate position. What lifestyle should I be expecting and what kind of exit options could be there in a couple of years?
Anyone?
Pretty brutal group in terms of prestige. Exit opps can be tough. Sometimes NY tosses them a part of a good deal tho -- sometimes.
Vast majority of the work is done in NYC. The NY group is one of the top on Wall St, but the San Francisco group is pretty slow and a lot lighter on exit opps. Hours are probably lighter than NY too, though. Co-group head in San Fran is pretty well respected, though, so you could learn a lot from him.
Thanks. So it seems like the SF group is a bit of a sidekick of the NY group...
wrt exit options, when you say it can be tough are you talking about some specific exit options? My aim in the long term is to work in a fund investing in the healthcare space. Open to both VC or PE, though the former would be better. I am not aspring for the Kleiner's or the Pincus's. Looking more at shops like Panorama Capital, Frazier Healthcare, etc. Also, would prefer to be in the West Coast.
I have been trying to break into these jobs currently, but am finidng a lack of IB on my resume to be a deterrent. Hence the thought of combining my MC experience in the healthcare space with a year or two IB healthcare. Does this plan make sense or do you think a stint in ML West Coast won't really get me where I want to be?
Also, when you say lighter than NYC hours what range are we talking? Just trying to benchmark it with my hours in MC.
Regarding hours, I'd say an Associate is going to average around 90 in the NYC HC group (though of course the range would be something like 70-120+). In SF, hours are probably closer to 75 or 80 with a range of 60-100 - you'll have to be having a shit-show of a week to get over 100. As far as exit opps go, so much of that is based on more than just your group and bank, it's hard to say. But, very generally, the NYC HC people do so many more deals that they have much better contacts, and better relationships with the senior HC bankers who know everyone in the sector, and are able to help people get jobs. That said, if you want to be in VC, the SF group might be the way to go since that's where most VC money is, and those senior bankers might know a lot of VC people. This is all very general info, obviously things like hours and exit opps are going to vary widely from situation to situation.
If you're at a top MC firm and are interested in landing a VC PE job, I would forgo IB route. Don't live for your resume.
Merrill Lynch - Health Care San Francisco (Originally Posted: 02/14/2007)
Can anybody tell me anything about this group? Hours, deal quality, culture, etc?
Thanks a lot...
informational interview
sorry, i'm not really sure what that means...
the only thing i know about ML is that their LA office is supposed to be pretty hectic, but i suppose that could be a rumor. anyone else out there have an opinion? if so, i'd be very grateful...
I believe that healthcare is IBK-PA not IBK-SF.
It's a good group.
Wrong, they're in SF.
They are in palo alto.
Nope, all the ML Health Care ppl moved to SF, I was in the ML PA office recently, and there are alot of empty offices from the HC ppl moving up north
and they are not a good tech bank. Not top 5. Outside of NY, Merrill is relatively weak.
3am+ is the norm according to a guy I know who works there
Good to know they hadn't sneaked out while I wasn't looking. In this business, you never know.
Hours are not that bad (for banking at least), pretty laid back culture. Having weekends off is not uncommon. Probably 70 hr workweeks on average. It is in SF.
True.
ML Healthcare is better than ML Tech any day of the week.
unless you want to work with University of Hawaii alum.
man, i know who you're talking about exactly. he's fucking weird too. i guess the tech group liked him.
corgi95,
are you speaking from personal experience or is that just what you've heard? thank you for your response.
bump
bump
would be interested in hearing more about this group as well
Merrill health care?? (Originally Posted: 09/30/2007)
Any views on ML healthcare? or MT? Are these guys top notch or just another average group? Thanks all.
UBS has the top healthcare group. Media and Telecom are best at CS and Lehman. ML is very good in Power and Energy.
ML Healthcare Banking West Coast (Originally Posted: 10/26/2007)
Does anyone know anything about this group? Any ex-employees?
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