biotech & business

bioman's picture
Rank: Chimp | 9

hello everybody

I'm currently PhD student in biochemistry. I have a lot of questions about my future... The only certitude is I don't wank to become a researcher although my thesis is successful.

I'm very interested in non-academic biotech careers. I will take business courses after my phd (probably a MBA in ESSEC, a junior MBA in France (I'm french..)). According to you, what jobs are possible for double graduate people in biotechnology and business?

I would like to make money but I want an interesting job (where I can use my skills in biotech and business).

What do you thing about .. ?:
- Sell-side equity research analyst (in a bulge bracket)?
- Consultant in strategy (M/B/B for example) ?
- Private equity, venture capital analyst ? (I'm not sure It's a good idea to reach VC before having experiences)
- Healthcare investment banking analyst ?(I think my skills in biotech won't be very useful contrarily to PE..)

Have you others ideas?

What would you advise me ?

Thanks a lot

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Comments (9)

May 9, 2008

I definetly know a lot of bio phds that went into consulting. It is the most common path into the private sector apart from big pharma. Venture capital is also a possibility. Also, the people that did consulting did not have MBAs and had no intention of getting them.

May 10, 2008

what about more financial jobs ? equity research, VC, others ?

Are there some insiders here ? what are salaries for theses jobs ?

I wonder if there are some interesting jobs in stock exchange ?

(all these questions are for a life sciences PhD / MBA)

May 15, 2008

this is a kind of very interesting jobs !
no?

"Associate Biotech Research Team

Location: New York, NY, United States
Description:

Goldman Sachs is looking for a science/ technology focused Associate Analyst to join our Biotechnology Investment Research team. The Global Investment Research Division forms a vital link between the firm's businesses by providing analyses that significantly impact markets, companies, industries, economies and currencies worldwide.

Qualifications:PhD (and/or MD) is biology and or other biomedical/medical-related discipline from a top tier institution

Consulting experience at top tier firm in lifescience or toehr related industry (e.g. McKinsey, BCG, Bain, etc), pharamaceutical / biotech industry experience and /or other related business experience

An independent problem solver with demonstrated strong analytical, quantitative and problem solving skills, we well as attention to detail

Excellent oral and written communication skills with a demonstrated ability to communicate advanced mendical concepts in lay terms

Ability to work independently, work flexible hours, travel as required and meet deadlines

Good working knowledge or Excel, Word and PowerPoint

Job Description: The candidate will support the lifescience (biotech and other life sciences) sector senior investment analysts to develop the firm's scientific and medical knowledge base. Research coverage will target small to mid cap companies in the biomedical industry, focusing on important therapeutic areas, emerging companies, and technologies as they relate to investmentb opportunities. "

May 19, 2008

Yeah, biochem phd's are useful for ER definitely. Although kind of sucks balls when it comes to ER, but hey, they're still GS.

May 24, 2008

thanks for your response Ratul
I've heard ER is not as great as before, for example, salaries would not be as consequent. What's your opinion?
Have you an idea of salaries in ER (always in biotech sector)?

May 24, 2008

have you thought about taking out your life sciences requirement and looking for quant roles? A good friend of mine is finalizing his Phd thesis in biophysics (not sure if thats the degree exactly but I know it's highly specified bio-phys research) and I think is within months of his Phd. He is leveraging his ability to test complicated models over long periods of time to the world of finance, at least thats what he says. He got a full time offer upon completion of his degree at a well respected shop in deriv trading. Search out quant roles and see if any appeal to you. He got placed by a Head Hunter, so keep your ears open!

May 26, 2008

I'm not sure I'm interested in very quantitative jobs.

In fact, I'd like to reach venture capital jobs but they require huge experience so It will probably be for a second part of my career.
For the beghining, I thing equity research or strategy consulting career could be very interesting..
I have the feeling the science part (undestranding biotech) is more important in ER than in consulting.
What do you think about this? Which one is the more lucrative?

I have also seen some life science graduated working in biotech/pharma investment banking. Isn't it only finance? Are life science skills useful?

May 26, 2008
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