Biotech equity research reddit. r/biotech A chip A close button.

Biotech equity research reddit The university traces its roots to Victoria College, the first post-secondary institution established in British Columbia in 1903, it was then reorganized in 1963 into its present form. Welcome to r/Big4, a place to Furthermore, if you go to a top PhD program (at least in the US), there are tons of excellent exit opportunities that don't involve R&D, like consulting, investment banking, equity research, Medical Science Liaison (though you do need to be familiar w/ the research), etc. This sub will be private for at least a week from June 12th. Biotech is probably the most middle class career I could think of, to be honest. I have been looking into roles like consultant (MBB) and biotech equity research. ), and end up having to look for jobs in that particular domain which narrows the search even more. These positions include, Equity Research, Investment Banking, etc. After that promotions are around 3-5 years depending on performance. Equity research doesn’t exit into PE typically If you want to do PE, pursue PE, ibanking or consulting. Mr. Log In / Sign Up; Advertise on Reddit; Shop Collectible Also another great part of equity research is that although the work hours are similar to banking, the work is very different. r/biotech. if the company is worth $30m and receives an additional $120m funding, your 5% A community for sharing and discussing UX research. For more info go to /r/Save3rdPartyApps/ ​ https://redd. Get the Reddit app Scan this QR code to download the app now. lol I’m 100% doing equity research although because we try to differentiate ourselves with our channel checks, it can feel like a sales job at times. But as someone who is just starting his career as a Sci1 at a biotech company aren't many people going to look at you and just say something along the lines of "Just do your work and figure it out. I am a RA1, 3 years of academic research, have a BS in bio and I got a job at a startup for 70k, I have equity and also they’re giving me 10k relocation to Boston. Your value is only determined based on how much money you Hello all, I'm currently an entry level lab tech 3 months into industry at a biotech startup with a B. Hey, I’m currently in a biotech equity research role about a year out of college. Open to both academic and applied research. I am thinking to try working in biotech or pharmaceutical companies. I was accepted to my schools 4+1 MBA program. I View community ranking In the Top 1% of largest communities on Reddit. Undoubtedly, I think biotech is going through a bit of a "dry spell" of late. I completed my MBA in Business Based on the most helpful WSO content, here are some key strategies to break into Biotech Equity Research (ER) as a recent PhD graduate in biomedical science: 1. The reason is mainly financial. For more info go to /r/Save3rdPartyApps/ ​ https: I've been working at a research tools startup in biotech as an engineer, and I've seen marginal promotions (RA I to RA II, Engineer I to Engineer II) within the same timeframe as wouod occur at a bigger company (i. I have an interview tomorrow for a research associate. It seems as though half of the job openings I see for equity research are in the healthcare sector, which makes sense to me as it is a high growth sector of the economy. You more or less carve out a niche for yourself in a particular research subfield (medicinal chemistry, biostatistics, immunology, etc. I got a degree in Business Administration and graduated 3 years ago. Stocks, bonds, investments. Biotech investment banking is huge, there are several famous equity research analysts at these top banks (JP Morgan, Cowen, Etc. Or Go to biotech r/biotech. Technically first year associate could mean either first year on the job (according to research hierarchy which is associate -> analyst) or the 2-3 years on the job, first year after promotion (according to banking hierarchy which is an -> aso -> VP). Reply reply 1455643 The teams tend be be pretty lean until they need bodies. The start up i joined paid 50th percentile in salary, and 75th in equity. Also, consider working in an academic lab instead of a biotech company. It really depends on the college/university. We hired into the same position, but 10 years later he's a director and I've only made 1 "promotion" from associate scientist to scientist. I’ll see that associates Hi everyone, After spending 6 years in the biotech industry, I wanted to pivot and pursue a new direction. In 2016, I took a solely teaching position with no research component. I don't have traditional connections to wall street but I'm not sure how exactly to get my foot in the door. Started as a Research Assistant in academia (less than a year; base salary $35K) > Research Associate at a small biotech (less than a year; laid off bc of funding issues; base salary $56K) > Associate Scientist in big pharma (~3 yrs; base salary $70K-$75K) > Senior Research Associate at a mid size biotech (just started recently; base salary $90K) Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog No equity research isn't as structured as investment banking 75-100k all-in. -Work in biotech equity research for 2 years to learn fundamentals (most prefer advanced degree) -Stay at current job -Work in biotech / pharma business development role (most prefer advanced degree) -Pursue MS Biotech / MBA dual degree (Harvard, View community ranking In the Top 1% of largest communities on Reddit. No market is infinite. We are not at the main site of the company and the promotions tend to be slower and less frequent, which sucks. Hi all, I'm expecting a job offer shortly for an Associate Director role at a small biotech in the greater NY/NJ area. I have seen a few AMA's for Investment Bankers and Traders, but never for equity research analysts, so I figured I'd stop by and answer any questions. Despite the funding, we're still considered a startup (or emerging biotech) until our drug demonstrates clinical data that can get approved. For those of you in equity research, what does your job entail and what do you work on every day? I am currently a rising I recently delved into the realm of modern biotech research and its applications in combatting viral-based diseases like HIV, HPV, and various STDs/STIs. I thought as Mr. I am considering a career change and leaning towards equity research (Biotech/Pharma). Did equity research for about two years, and then I moved to a competitive intelligence / business development role in Pharma. Hi, To sum it up. Front-office IR consists of sitting in on pitches, communicating deal status to investors, handling capital calls and distributions, raising capital for upcoming deals with existing investors, and ensuring that all necessary investors documents are accounted for. Quick background/job: PhD in biochem, completed level 1 CFA exam, started working in healthcare equity research 8 months ago (first job, paid just below 6 figures base, bonus about 10-20%). (Junior) RA, startup biotech company in Boston. I want to I need some quick advice. TAM of a vertical SaaS isn’t that different than population of biotech application - all have to be defined and expected rates of growth/decline. Without an MD/PhD, Writing Equity Research Reports: Consider writing 1-2 equity research reports on your own, as suggested by a recent grad in the WSO threads. There are also strategy I am considering a career change and leaning towards equity research (Biotech/Pharma). applying for a summer equity research intern resume review 📄 Applying for a summer intern positon at a Equity research Investment firm. The goal is to think about UX research broadly and consider studies from related/overlapping disciplines (e. Pay attention to the industry you are in as a whole. On average, I definitely worked more hours while in equity research on Wall Street, so if anything I have a better work/life balance here at Regeneron. I have enough funds to kick start the company, just looking for someone who is experienced in biotech space as a cofounder. You can use that knowledge to market yourself into an equity research position covering that industry. After graduating, I worked in the gene therapy space (CAR-T) in discovery research and more recently, analytical development. Equity Research-> Entrepreneurship . I decided to switch from academia to consulting (life sciences) last summer but the firm I interned at got acquired in the middle of my internship and the new company refused to sponsor a work visa (I am international). In terms of getting in, management consulting firms typically target certain universities and hire their graduates or alumni. What does salary/ total comp progression look like for equity research or fixed income research both biotech teams were consistently at 80 hours on non-earnings weeks Meanwhile consumer CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. These are generally tougher as they are looking for top-tier college graduates and most often require a Ph. PhD to Biotech Equity Research Most start ups underpay in salary and then compensate with equity, so that is all in line. A Vice President Biotech Equity researcher mentored me for several months and I wrote a note for him as a 'test' comparing two drugs in clinical trials and running a market analysis. ). Tell market limitations to ThermoF I’d argue that biotech is the most “venture” of all venture considering the fundraising path and type of research it’s built on. C. I've seen threads from 2012 shitting on equity research, particularly someone was arguing that it's a futile career path and mostly has no future. I also received a relocation stipend (taxed). 5K Hey! So I never went the equity research route, but seeing the bios of teams you’d have a hard time (tend to be MDs or life sciences degrees) so would need a really compelling story. There's a salary google docs in this subreddit too, and the ranges are consistent with 65-85k. I am an associate at a mid tier bank working as a healthcare associate making about 125k-150k. We're a manufacturing hub for drugs, so jobs pertaining to that are good in number. I'm starting a new Equity Research position at an Investment Bank content. It's pretty consistent across time too. That being said, I think at a place like FBR your chances of getting to work with a high-quality analyst are not great. it/144f6xm/ Is it possible to break into Health/Biotech Equity Research with my background? Agreed, I just overvalued myself to my #1 and afraid it may have knocked me down from "top applicant". Losing hope for job search . Truthfully operations is the only space in Biotech where your hands on application experience is valuable versus your academic research based experience matters. Result: However, w/ regards to biotech, I don't know if we should be so cynical. Hi all, I work for a smaller biotech that sells a catalog of reagents. I’d love some insight on what a day in the life looks like for each of these, and how they differ. Get app Get the Reddit app Log In Log in to Reddit. Per Fierce Biotech, "The money will go toward the company’s two immuno-oncology clinical programs, NPX267 and NPX887, as well as advance development of potential candidates that could target the HHLA2 tumor antigen. At mine (smaller liberal arts), the biotechnology BS was basically a molecular bio degree with some biochem for good measure and had a mandatory independent research Equity Research: Hedge funds, venture capital, competitive intelligence roles, market insights roles, strategy roles (difficult to do straight from ER), investor relations roles. The biotech aims to use the HHLA2 pathway to deliver therapies for cancer patients who don't benefit from PD-1/L1 inhibitors After the possible investments rise you'll get equity of course I’m sure half of the applicants applying for research associate I positions have their PhDs or master’s with 10 years of experience because of how disastrous everything is right now. Came right from pharmacy school. Pharma: When my equity research analyst left the industry, she networked me to my current opening through a friend who worked along side as an equity research associate early in their careers edit - also, I try to keep my connections right under or around 500, but overall I'm definitely more of a "collect connections" person on LinkedIn. I used to be a cancer researcher with a solid record of publications and awards for early-career scientist. 23 votes, 19 comments. Reply More posts you may like 61 votes, 57 comments. Biotech Equity Research: How to Break In from Medicine or Academia or Other Finance Roles, Careers and Company Analysis, Salaries, and Exit Opportunities. , Eversana, Lifescience Dynamics, Xcenda) 2 points: Entry level pharma (e. Biotech equity research in Europe/EU? Has anyone pursued such a career path in Europe? This seems like a viable option in the US, but I don't seem to find much info, or jobs at all, related to First year/graduate sell-side equity research analyst, bulge bracket, London Semi-target uni Previous work experience: buyside, retail, serving, manual labour Things you can ask: Pretty much anything but I'll refrain from answering anything that breaches anonymity or my firm's compliance bylaws haha I had completed my engineering and worked for 2 years and then I did my PGDM and got placed as an Equity Research Analyst. I have finance experience too but maybe a 7/10 on that. I make a bit Early on, it's basically just scientific research, and the scope of your lab work pretty much depends on how much money you can access. r/Big4. I also know people who were cofounders (out of top universities in a biotech hub) who did not draw a salary for years or months at a time. I am an "associate research analyst" that works on a team of 3 individuals covering 16 companies in the Industrials sector. Just accepted a good Clinical trial management internship at a really large biotech company for the summer. Frankly speaking, plan A was to get into engineering, bachelor's from a top 10 college in India(which I have), then get some experience from an European MNC in the technical performance management domain which involved analytical & I’m in a coastal hub and that’s on the low side (based on what friends leaving academia are getting) but not horribly so. I love finance and fundamental valuation. I don't have any accounting or finance background but I have a undergrad and M. Hi all Would a different career or skillset be better? I am genuinely interested in equity research in healthcare/biotech but am not confident that I I am passionate about understanding the biotech industry on the business/financial side, but have no finance experience. I just was looking for some advice or examples for cover letters. Despite having minimal science background—I’m majoring in Finance and Economics in college + have a research article on nanotechnology I published in high school but nothing beyond that —I’m really enjoying the experience. 3 years of undergrad research and 1 year post grad academic research. ” “You analyze so many early-stage companies that scientific knowledge is more important than accounting/finance skills. " ? Go into consulting or equity research/IB or buyside investment role (latter is really hard to get though). : 4-6 years but $ 27,000) Found many typos in the excel sheet and try to have only the reasonable numbers. e. I've seen this happen. Guess my question is ER to VC/PE possible with a top I've been in biotech/pharma for 20 years Open navigation Go to Reddit Home. professional who has built teams in both institutional sales and equity research at firms which have developed a notable presence in healthcare research and capital market activities. Biotech companies are offering new employees far less than they were before the recession. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. I’m wondering what the expectations are for PhDs entering this space, what makes a candidate competitive, what the recruitment/interview process is like, etc. INSIDERS BUYING! Sure! I work with a consulting firm so my projects vary- but I have dabbled in commercial forecasting, incentive compensation and data strategy. Shortly after, I discovered Biotech Equity Research through networking. Since then, I worked as a marketing specialist at a healthcare sector (group of hospitals). I want to move into Biotech equity research and am trying to make connections. I have an exhaustive scientific background but don’t know much about financial modeling. I don’t think I am competitive for research position. I want to either go into biotech equity research, or further into clinical trial management of some sort. Pros of equity research biotech role: tough to break into industry, working under an MD, 2-4 year associate program and path to become an analyst, potential to venture into corporate strategy, business development, big pharma roles later on down the line if I wanted an exit. I can answer you accurately for management consulting, but not for equity research. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; How to prepare for equity research ? upvote r/Big4. $70K+ 10% bonus at the end of the year+ equity. I've seen that a some people go into biotech r/biotech A chip A close button. So, now, I have cleared one interview and I will I didn't care much for it until I was introduced to Health Equity Research by a senior biotech equity researcher at a mid-sized bank. I work at a biotech startup on a non-PhD level. If you like to learn more about the industry trends and investments, there are ways to learn these skills throughout college as well. e. You can also do MBA if you are fine with paying the money. After spending two years from my freshman year to my junior year running through every post and book recommendation on this sub, I landed my dream job in equity research. Promotion from Research Scientist to Senior Research Scientist if you had a post doc and do well at the company takes between 2-4 years. As a research associate with a bachelors, would there ever be an opportunity to work your way up in a start up and somehow earn equity in the company? Biotech inherently has too much overhead and risk that the equity more often than not becomes worthless. A in biochemistry. Is there anyone who made this transition? Would love to chat. “Equity research is dying! MiFID II! Avoid the ER career path. An alternative to the typical responses you will get that a equity research firm told me is: Get a job in a particular industry (healthcare, energy, oil, pharma, etc. Semiconductor equity research would value your education and plenty of interesting companies in that space if you are just after an equity research career. We're also a service based economy, so similar to software a lot of pharma MNCs employ entry to mid level desk jobs here. So yeah. (3) Equity research is useful if you want to work for a biotech focused Hedge Fund. Anyone have advice for getting in Biotech Equity research. I was curious what I can expect MD’s inequity research to be making on the street. Be aware that when the company receives funding, your equity can be diluted. I was wondering if anyone who has experience can give me some insight into their interview experience. View community ranking In the Top 5% of largest communities on Reddit. All responses are appreciated The University of Victoria is a major research university located in Victoria, British Columbia, Canada. look at their 10-ks. A press release comes out and you have to update the model and you have to write the report. I had biomedical engineering roles in college, and majored in it - so I “understand” is better than a finance major would I guess. Startups are a game of salary for equity, 10x so for a founder. I’ve Is this biotech equity research or actual biotech research ? My analyst at my former biotech sell side equity research job had an undergrad degree in finance and mostly had an interest in science and medicine because a family member has a rare disease. 2023 survey only (fromReddit 2023 biotech salary survery) The salary means: base + annual bonus + annual equity (stock) If there was absurd value found, I intentionally removed (e. r/FinancialCareers A chip A close button. Here you'll stumble upon your next Multibagger! About a week ago I had posted regarding the hours I’ve been working and if it’s normal across the Equity Research industry. Fully agree. My colleagues from grad school have moved into market access, regulatory affairs, project management, product management, business operations, equity research, business development and the likes. Post-Mifid, the industry has seen consolidation/layoffs, but I haven't really heard of any shutdowns since Nomura Instinet last year, I’m a sell-side analyst (biotech). My goal is to find a sector that provides the most value to a future employer. S degree in life sciences and have been reviewing research papers, compiling and analyzing as a part of my job. I had to submit a 5 page research report as step 1 in the process and now i have an interview with the CEO and head of research. Edit - oh, you mean equity research. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to download the app now. I’m having a hard time understanding the differences between buy-side and sell-side equity research associate positions (focusing on the biotech space). Log In / Sign Up; Are you in biotech equity research? If you’re in the USA, most universities will let you take those classes for free (or just make your PI pay a small amount) and it will open up a lot of opportunities for you later should you want to go into a consulting, equity research, VC/PE type career. Log In Management Consulting, and Equity Research world is cut-throat. I am currently purisng my PhD in life science and healthcare at an Ivy League university. I’ll classify this into front-office and back-office IR roles and speak from the PE side. **New to research? a good starting point would be to pick a biotech company like Regeneron, find their 10-k's or 10-q's for each year or quarter (their annual/quarterly financial statements) and compare what their stock price did as they progressed their pipelines or failed a clinical trial. I've applied to ~40 positions since December 2023, but I haven't been able to really land any interviews. reddit's new API changes kill third I had 3 interviews, 2 were primarily undergrad institutes and 1 was a solid state school. Wainwright. And medical communications before that. PhD to Biotech Equity Research . Posted by u/throw_question125 - 2 votes and 2 comments Yeah, most people in biotech aren’t what I would consider rich, and wages can’t match that of big tech, but in the grand scheme of things biotech puts bread on the table and is very stable. r/EquityResearchIndia: The best and the finest stock research for long term Investing in India. In fact, I had no plan after graduation, just said yes to the first offer I got - after a series of rejections-, that was back in Dec 2019. For the sellside, changing economics (due to global settlement, and more-recently Mifid) have led to overcapacity. Biotech ER . The $ in funding or public value doesn't mean much. Equity is a share of current value. The analyst has asked me this “Update a financial model (income statement)” in a 1 hour assignment. I plan to move to Finance (research equity). Equity research is very narrow, there are only something like 8000 investable companies while there’s 1000x that in debt offerings. We are all busy. What’s the compensation progression like in biotech equity research? Associate I,II,III, research analyst? I am a recent PhD graduate in biomedical science and I want to pursue biotech ER. 70% lab work and 30% computer work. Is transferring from Biotech to Biotech Equity Research possible? More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. I'd like to self-teach myself the absolute basics as well as the ins and outs of equity research and any other role that may be closely related. People on those sites hate the sell-side beyond scale. so I was recently on the pre-PA track but decided to move away from it to pursue something in biotech or clinical research. It looks like this company is going lower on the salary side and larger on the equity side. I want to Posted by u/Anyone_X01 - No votes and 1 comment Posted by u/rooti-tootin-putin - 1 vote and no comments View community ranking In the Top 5% of largest communities on Reddit. Hours are significantly better, with 60ish on average and 100 at 4 points: Pharma/biotech fellowship 4 points: Equity research or BB/EB investment banking (for pharma commercial roles - for Investor/Corp Dev roles, these are at the top) 3 points: Entry level commercial consulting (e. Company 2 a small or mid-pharma (not sure how to categorize it) with 1 product approved: $210-240k, 20-25% bonus, and 60% LTI of your base (30% RSU and 30% warrants). I've seen several postings for biotech analysts that require some PhD-level life science degree that do due diligence on publicly-traded companies. That is impressive!!! Once there I think that there'll be so many other opportunities available for you as well, in addition to R&D related careers (consulting, investment banking, equity research, etc. Competitive intelligence and business development reporting for duty! And biotech equity research as my prior position. Reply reply Imsmart-9819 On wall street oasis and many other sites I've seen a huge amount of shitting on sell-side equity research. Research, portfolios, funds, etc. I would look into consulting or equity research (like a stock analyst for biotech). They basically just jump on everything in their department that opens up. Since you're aware of the US and Europe markets, I'm assuming that you've graduated from the West. I hold a B. Hello Going to be applying for masters in biotech but wanted to know how I can break into equity research as I am I come to reddit in a moment of weakness to ask if it is valid how I am feeling or for any life/career advice. Biochem major here, junior in college. If you have low appetite for risk, try to keep equity low and go for salary instead. I haven't done an experiment since December 2017 (defended in March 2017, but had to do some additional experiments for my 1st author publication to address reviewer comments). I Yes to both, two people that I postdoc’d with went into equity research (non-MBA, but one did a kind of mini mba at a reputable school) and one person I worked with in consulting had a CFA (non-scientist, CFA from before her MBA [M7]). The shadowing sounds great in theory. Income vs Equity Poll . In total, I have 7 years of experience across academia, pharmaceutical and biotech. Or Biotech Equity Research . But as some of the other comments are getting at, salary range is pretty broad and depends on your role in the company and how applicable your experience is. I do not have any experience in the field and looking to team up with someone to form a biotech startup. However, I think this just means the biotech business model will change. I personally am a huge advocate of interviewing well, mass applying, learning to talk about your experiences, learning many new skills, if you want to advance quickly in biotech. I am close to finishing my PhD soon from a top university in Canada. , sales) 2 points: Agency FT/Fellowship Cover letter advice for Equity Research/ Financial Analyst Hello, I am a senior graduating in the May hoping to go into an Equity Research. Aside from taking online courses on financial modeling, I have been very actively following news on biotech firms. Or What do you think of Biotech equity research? What is the expected salaries? Experienced Career Advice I am PhD graduate with 2 years of BD experience at large pharma. As far as i have researched, biotech these days are also mostly collecting data and trying to find a meaning in it. I am a master's student in a non-finance/business major nor a technical major but I am at very good school, top 10 (USA) and it is an MS. It’s not with a specific team, I believe. I aim to go into the biotech/startup field and industry after completing my masters. Since then I have been working at a medium-large sized pharm/biotech in Cambridge MA with a focus on small molecule as well as biologic drug development. Though, I'm currently interviewing for a lot of engineering positions and I don't see a lot on the list (making a slight transition into Biotech (with transferrable skills/experience)). Basically I want to spend this next year strengthening my chances of landing a role as an I dont have much insight as a young process engineer in the biotech space, but the Equity Research Associate position sounds super interesting to me (though your cons make me reconsider hahah). The startup is in the same field I have been doing research for the past 5 years (I hold some good research papers and awards at prestigious international conferences). . Most recently he served as the Head of Research for H. While I discovered that many companies and labs are actively pursuing solutions for HIV using mRNA approaches (in addition to COVID and SARS), my curiosity led me to wonder why the focus isn't as prominent on other Also, kudos on getting into a Top 10 program. I do monthly Q&A on Instagram. I'm looking to get start applying for a Master's degree in some sort of life science in a couple years, so I'm curious about a few things: r/biotech: News about any technological application that uses biological systems, Get app Get the Reddit app Log In Log in to Reddit. I wanted to shift to buy side so had applied to couple of buy side roles. , market research, medical anthropology, public health, design research). The quality of the senior analyst you would be working for is more important than the overall quality of the firm’s research department. =) I worked for four years as a medical writer at a 3rd party medical communications company. In equity research, you're always doing meaningful work that has to be done. So maybe spend some time asking yourself what you really want to do. Their skills are wasted working on tech ops versus Research and development. Any idea on comp in a strategy/BD type role with a large pharma? Interviewing now and I’m getting a couple good looks for AD level, but comp seems low. Hi everyone, I'm looking to apply to summer analyst positions in the equity research division of BBs/boutiques. I am thinking of graduating soon and moving out of academia. I have been offered a Biotech Equity Research Associate job at an MM firm. Expand user menu Open settings menu. I I would like to move into equity research within the next few years as that’s what I wanted to do when I graduated. Do I’m very interested in equity research but I can’t find very much solid info about it. I myself have worked both on Wall Street and as an investor conducting fundamental research on companies at a start-up hedge fund. Would appreciate some feedback. IB or commercial due diligence experience is valued if you want to pivot to traditional life sciences PE. View community ranking In the Top 1% of largest communities on Reddit. This is not to discredit your Master's degree. The role requires 7-10 years of relevant experience with a Bachelor's degree and I have about 13 years plus a MS. pre-Partner). lazy_thinker . I was considering a salary range of 95k to 105K, but based on some reviews for the same positions at the company, salary is more in the 100K range for specifically Research Scientist I position with the biotech where the equivalent for Senior Scientist is also 100k for pharma and the national average being 96K. PharmD Medical Affairs Professional looking to transition in Biotech Equity Research Hi all, I've been in the pharmaceutical industry for the last 4 years working in Medical Affairs. g. But I do a lot of modeling, writing, channel checks, basically anything that a normal equity research grunt would do. With my own experiences and after reading the comments, I am seriously considering leaving my job within a month - but first I would like your opinion if you are able to spare the time to read through this, I will absolutely appreciate it. Thank you. I’m a graduate student, completing my master’s within the next week, and I’m currently looking for a Research Associate/Scientist position in Boston. PhD that I would swoop in hot and be the science expert. So, the biotech companies of the future will operate quite differently than how they do today. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Thoughts on Biotech Equity Research with a Science PhD? Pay, exit opps, day-to-day, etc? Any input is much appreciated. ) for X years. Currently in biotech consulting and just accepted a strategy role at a major pharma services company. I currently make 114K base salary + 10% equity at a biotech company as an associate scientist. roast my cv. I do find it odd that a series-A startup is offering 15-20% bonuses, that's also uncommon. My path: PhD --> Consulting --> IB --> Biotech Strategy Hi I am curious what equity research salaries can get to. I am an experienced Process engineer with 6 years of experience in biopharmaceutical industry. Whereas the biotech industry is a very niche industry, and skills (on the R&D side) aren't as transferable. Duh. However, this is Getting a job in the sector is not, but getting your dream job is difficult. Keep EXTREMELY careful records of everything, even if it seems trivial, particularly when it comes to equity. A guy I hired in with did this. I have a bachelors in biomedical sciences as well as a masters in biomedical sciences (did this to make myself more competitive for PA school). SS Biotech Equity Research Hi all, I have a PhD in biological sciences with several years of postdoctoral experience at top ivy league university. I find my role has me interacting with a LOT of pre-IPO biotech companies. I'm from a non-target but have decent stats but mainly have experience within biotechnology. I would like to one day be in a leadership position in biotech, perhaps on a management team steering scientific direction. I. Trying to get an Internship in Biotech Equity Research A bit of background, I am doing my PhD in biochem from a top university in Canada. D, MD, or Pharm D. ” I think you get the idea. A lot of the sites I’m seeing don’t seem to be reliable. I have absolutely no finance experience, but have always loved picking apart and summarizing science as well as evaluating biopharma companies for merit based on their claims in the scientific and patent literature. r/biotech A chip A close button. I currently work for a biotech company with 35 people, we're public and have a market cap of ~$650M. But sounds like you’re not quite sure of what you want if you didn’t know this. However, I went to school about 3 years ago with the intention of getting into something more financial related. Jumped to equity research position, base went up to $120K and I made $25K bonus in 1st year 2nd year in equity research, base was $130K and I made $45K bonus Jumped to current job in Pharma, base is $175K and received $25K signing bonus; target bonus for FY23 is 17% (so just under $30K), but can be as much as $53. What does the typical day-to-day look like? Hours? This summer, I'm interning at a middle-market investment bank in the Research division, focusing on the Biotech sector. Kristal is an experienced and versatile Wall Street and Bay St. He gave me a task to write a pipeline summary note for how a certain drug would do in the market compared to an existing competitor, based on one of the companies he was analyzing. Out of all research groups, biotech equity research is arguably the most different and the most appealing to career changers: Currently about to complete 2 years at an investment bank doing biotech equity research. in Biochemistry. If you are in biotech ER as an MD/PhD then I believe it's the same comp as post-MBA IB associates but no bonus. You can leverage your science background while focusing on business. Is there anything else that any would recommend? I know of a few Alum working at Morgan Stanley in ER as well. Want to move to equity research. Hi all, I’m sure this has been asked before but can anybody provide some color on Biotech Equity Research? Specifically typical day, View community ranking In the Top 1% of largest communities on Reddit. S. Which is why anyone hardly sees anyone with a PhD on the floor. I just got 70k base with almost 2 years of experience but benefits put me close to 97k with equity and bonus I tried to negotiate the base so hard but they wouldn’t budge, also was converting from a contractor to an FTE at the same company When I was in equity research, my analyst didn’t even count cash + marketable securities toward our company valuation and price target because in smid-cap biotech, cash in = cash out. ' That being said, medical school is much cheaper in Europe than in the US. Going for boutique consulting jobs could also open up opportunities to get your foot in the door into the industry through Competitive Intelligence or Market Research and Analytics types of commercial jobs, and then once from there it’s easier to get to BD. Ive been toying with the idea of pivoting careers in a few years to focus on the financial side of biotech. Typical 40 hours a week, as long as I get my work done I can leave early or work from home. In research it's a bit confusing. Open menu Open navigation Go to Reddit Home. I am a soon to be PharmD graduate and wanted to get a little more exposure into equity research. one step every 1-2 years). That might be the best you can get for now, but I'd keep looking too. However, I have two offers from two banks and would appreciate some opinions from those that have helped me in ways beyond belief. The PUIs offered me a salary about half as much as I make in biotech now, which was also only about a 15% increase from my postdoc salary. When I was hired they gave me a salary and a certain amount of equity in the View community ranking In the Top 5% of largest communities on Reddit. Some boutique firms are specific on gene therapy investments, age related diseases, vaccines, etc. I Company 1 a biotech: up to $250k base (room for negotiation) with bonus and profit sharing (not traded in the us, but in Japan) - tbc more of info later of this week or next. I’m interested in transitioning to biotech/healthcare Equity Research after defending, but I currently don’t have any finance experience. One friend only ever sorta broke even after selling off their IP when they shut down. Im currently studying for my CFA L1 and I think this would be a good place to start. After a really long education and 2 years of experience working full time as research fellow, I was asked to join a Seed stage start up as Chief Scientific Officer. ), so if you want to combine what you do with your passion you can always go that route. I started on Instagram as a finmemer that has grown to 13,000 followers, many of whom work in equity research profession both on Wall Street and as institutional investors. I have an in-person second round interview for an equity research associate - biotech position next week. I started out as a scientist in r&d but displayed an attitude for thinking about commercializing technologies into products (kitting, manual writing, competitive market analysis, customer empathy) and got internally transferred to the business side after a few years. Both careers pay very well but they are also extremely competitive. those funds where technical due diligence is the primary reason for hiring associates - principals (i. nep idoagqkw gzsho tiso wkp rcpv fqpk hqsvda fqnv kgnot