Biotech ER and PhD tough times find a job still
Does anyone have insights into the biotech ER market right now? I have a PhD in biology from a top university and have found it very difficult to break into the industry. Anyone have insights into hiring? I see a few firms like JPM keep posting there spot.
Based on the WSO Dataset, breaking into the biotech equity research (ER) sector with a PhD in biology, especially from a top university, is a path many have trodden, albeit with varying degrees of difficulty. The market for biotech ER positions can be competitive, but your advanced degree puts you in a favorable position, given the technical expertise required to analyze biotech companies.
A user named BioTekkie, with a background in neuroscience/pharmacology, shared their journey of transitioning from academia to ER in the healthcare fields, including biotech. They highlighted the importance of conducting informational interviews with associates and analysts in the field. These conversations can provide valuable insights into the hiring landscape and what firms are looking for in candidates. BioTekkie's experience underscores the necessity of persistence and networking in finding the right opportunity.
JPMorgan, as you mentioned, is known to actively recruit for their biotech ER positions. This indicates a demand for experts with a deep understanding of the biotech sector. Your PhD should serve as a strong foundation for analyzing scientific data and trends within the biotech industry, which are critical skills for ER.
To enhance your candidacy, consider the following based on insights from the WSO community: 1. Networking: Continue to expand your network within the industry. Reach out to professionals working in biotech ER at firms like JPMorgan and others. LinkedIn can be a powerful tool for connecting with industry insiders. 2. Showcase Your Expertise: Tailor your resume and cover letter to highlight your research experience, publications (if any), and any relevant financial analysis skills you may have acquired. Even if your direct finance experience is limited, demonstrating your ability to analyze and interpret complex scientific data is valuable. 3. Learn the Financials: If you haven't already, gaining a basic understanding of financial modeling and valuation specific to the biotech sector can make you a more attractive candidate. There are resources and courses available that can help bridge any gaps in your financial knowledge.
Remember, persistence is key. The right opportunity could come from continued networking and showcasing your unique blend of scientific expertise and any financial acumen you can develop.
Sources: Biotech equity research possible with ZERO finance experience?, Guide To Evaluate a Biotech Company, What am I expected to know as an incoming ER SA?, 3 Key Tips for Getting an ER Interview, Any pathway from big 4 to ER?
Definitely tough rn but ER in general is tough given low turnover/less number of seats.
You’ve gotta have a couple solid pitches/write ups lined up (and know these companies very well) when you network so Analysts know you can do the job. Your top uni doesn’t mean much tbh. Good stocks (imo) that you can pitch include SLN, AVTE, CABA, KROS, IMVT, AVBP, GHRS.
Takeaway: Network like a madman and pitch good stuff and you’ll get noticed.
Good to know thanks!! Are you in ER? Biotech?
I just gave u a list of smid cap bios. No shit I’m biotech man
Tell us a bit about these tickers if you don’t mind pls
Are these in any particular order???
Evercore has a few open seats for fresh out of school PhDs. Happy to help with applications/interviews if you dm.
Nah man I ain’t going to London… but I might take you up on that kn the future!
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