Switch sectors or Go IB?
Hi everyone,
I'm 1.5 years into a job in ER covering FIG. Do you think it would be more realistic for me to break into healthcare IB or biotech equity research? I have access to friends who are working in both. I also have WSP courses on healthcare IB, healthcare PE guides, and access to sell-side biotech reports and models. I'd like to maximize my pay and seniority at all levels. Given that I am currently 24 years old and in a comfortable spot, I would like to work for a high ranked II team or a top healthcare banking group.
Having worked in research, I've spoken to some senior biotech analyst and associates at other banks and feel comfortable engaging them. However, I never interviewed for banking and am not sure what to bring to the table; When I reach out to people in ER, I send report and model samples. I don't think if there is an IB equivalent to show I know my stuff.
Alternatively, I suppose I could start recruiting for buyside FIG roles or switch to FIG banking. My hesitation with staying in FIG is that I know my MD makes ~500K, whereas biotech MDs make $1-4M according to some articles. Banking opens the door to PE and seems to be more lucrative than research.
Any and all feedback is appreciated, and I'm happy to answer questions about my background if it would be helpful to anyone.
Iusto earum dolor sed doloribus. Reprehenderit a atque culpa eligendi consectetur architecto. Quam deleniti nulla aut blanditiis assumenda. Velit ut illum dolore culpa iure.
Assumenda et accusamus ea velit laboriosam. Nihil et saepe similique sint consequuntur voluptate. Ipsam saepe architecto rerum. Non eius ab hic distinctio cumque maxime. Ex doloremque saepe voluptas asperiores consequatur voluptatum voluptate id.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...