IB/MC Medical Equivalence
Physician turned IB associate here.
For the fellow MDs in this forum.
Based on personal observations I can draw some parallels between Medical Specialties and IB/MC Roles, in terms of culture and fit.
IB = Surgery
MC Strategy = Research Heavy Internal Medicine
MC Implementation = Internal Med/Smaller Specialties
IB BB = Ortho, Plastics, General Surgery
IB EB = Cardiac/Thoracic Surg, ENT
MC MBB = Interventional Radiology, Neurosurgery
MC Strategy = Neurology, Cardiology, Anesthesiology
MC Implementation = Dermatology, Family Med, Pediatrics, Oncology
Curious. Why did you leave medicine to pursue banking? Usually it’s the other way around.
definitely not true. For an illustration, watch Bulge Brackets on Amazon Prime lmao
Kudos to you for asking the important question here.
OP - this forum doesn't see a lot of people who have any experience outside of finance. Would be awesome if you did an AMA.
For those not familiar, some people pursue an MD/MBA dual degree and opt out of a residency stint for MC and/or investment banking. The individuals I’ve met typically work with a healthcare coverage team, and many ascend to group head positions.
On paper, it checks out. There is an inherent divide between industry executives and investment bankers, and a firm’s ability to roll out an MD during a bake-off, especially if the company has a technical product/service offering, might seal the deal in being awarded the mandate.
So did you complete med school, then go into IB? What was your reasoning behind not doing residency?
Also, what is harder, med school or IB?
I did not although I have peers that have made that decision. Medical school is much more difficult in comparison to investment banking. It isn't even close.
Often, people that opt out of residency in pursuit of other opportunities were never totally sold on the medical profession from the beginning and have excessive student loans ($300,000+), which may be the result of financing their undegraduate degree and/or post-baccaleurate program prior to applying to medical school. You add insult to injury when these loans are accruing interest during a standard five year residency program where a resident makes well below the salary of an analyst without the potential for a bonus while working 80+ hours per week. It really isn't a pleasant experience.
Many medical professionals won't see a personal NPV turn positive until their mid-30s.
What's the equivalent for geriatrics?
Any chance you can pm me to answer a couple of questions?
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