Securing a healthcare investment banking job in Boston can be highly competitive, but also rewarding for those passionate about healthcare and finance. Boston is a major hub for top medical institutions, pharmaceutical/biotech companies, and investment banks. When targeting Boston healthcare banking jobs, research which banks cover healthcare, leverage school/personal networks, highlight healthcare experiences, and showcase deal/valuation skills. Utilizing Boston’s dense healthcare ecosystem and presenting an expertise in healthcare finance is key. Preparation through healthcare investment banking technical guides, modeling courses, and networking outreach is essential.
Top banks for healthcare investment banking in Boston rely on academic networks
Many of the top-tier healthcare investment banks such as Goldman Sachs, JPMorgan, and Morgan Stanley have a strong presence in Boston. These banks, along with elite boutiques like MTS Health Partners, Look to target candidates from Ivy League and top medical/business schools located in Boston, such as Harvard, MIT Sloan, Wharton, and Columbia. Recruiting from target schools allows investment banks to leverage academic networks to source the top healthcare banking talent. Those attending non-target schools can break-in through exceptional networking and preparation.
Boston healthcare investment banking recruits candidates with medical/scientific backgrounds
Given Boston’s dense concentration of healthcare companies and research institutions, investment banks seek candidates with healthcare experiences and scientific backgrounds. Those with clinical degrees (MD/PhD), biomedical research, or healthcare business experience have a leg up for Boston healthcare banking positions. Healthcare investment banking groups value scientific fluency to better understand innovative technologies and communicate with clients.
Modeling skills and healthcare valuation expertise is vital for Boston healthcare banking roles
Regardless of scientific background, modeling skills are still critical for succeeding in healthcare investment banking interviews and day-to-day work. Boston healthcare banking recruits need to master DCF, M&A, LBO, accretion/dilution, and other valuation methodologies. Additionally, understanding dynamics of pricing drugs, running Phase 1-3 drug trials, and modeling biotech company valuations can provide advantages. Preparing complex healthcare valuation and diligence models ahead of time is key.
Networking is essential to break into competitive Boston healthcare investment banking jobs
While Boston healthcare investment banking roles are competitive, much can be done to improve one’s candidacy. Attending healthcare conferences and networking events allows one to build relationships with bankers and potential mentors. Speaking with alumni from your school working in Boston healthcare finance can reveal insights into the recruiting process. Networking calls should highlight one’s passion for healthcare and finance while determining how to craft an optimal background story. Conveying compelling reasons for pursuing healthcare banking in one’s essays and interviews is also critical.
Breaking into healthcare investment banking in Boston requires networking to access selective opportunities, grounding oneself in healthcare finance technicals, and clearly communicating one’s interest in the field. Strong healthcare and scientific backgrounds coupled with modeling skills can give candidates an edge. Preparation and utilizing Boston’s healthcare ecosystem are essential.