MD in biotech ER: long term career advice

pancho23's picture
Rank: Monkey | 46

Hi guys- just wanted to get your opinions on career trajectory long term. To give some background I just started working in ER as an associate in biotech. I have an MD and just finished my internal medicine residency in the summer, passed Level I and II of the CFA as well, taking Level III in June.

I love the stock market and enjoy the work I'm doing- my plan is to stay in this role for 3 years. From there it seems like there are 3 routes: 1) continue in sell-side and work my way to being an analyst knowing that this positions are tough to come by given the low turnover as its a pretty good money with better job security than the other options; 2) transition to buy side at hedge/mutual fund- higher ceiling but less job security, also active management has been on a downward trend and with the algo's who knows if this will be a viable or attractive down the road; 3) join a biotech company in corporate strategy/CFO type role

What are your thoughts/advice? Thanks

Comments (5)

Feb 3, 2019

Also interested.

Feb 3, 2019

I think moving to your bank's (if they have one) biotech investment banking team is a reasonable option number 4. Outside of asking on here, there are probably people in your network who have gone those routes that you could talk to. Good luck.

Feb 6, 2019

Could you elaborate on how ER juniors would move to banking given the compliance surveillance/non-existent ability to network with banking?

Feb 3, 2019

If I had zero connections to the banking side, I would have to wait for a vacancy and apply via our intranet portal. I would send compliance a heads up that I applied and ask if they could provide me permission to directly email the hiring manager. Even if there isnt a vacancy, you can ask compliance for permission to email an IBD MD to indicate interest in moving. The ER guys that I know who moved both stayed in the same sector and have very strong sector knowledge relative to their peers and so I think the move can be a good one for both parties.

However, I do know the bankers at my firm and they would push my resume if I asked.

    • 1
Feb 7, 2019