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TOP STORIESGUEST COMMENT: I was a doctor, I want to be a banker15 June 2009COMMENTSI actually knew a dentist turned trader, so it is possible. Read all comments »
After the crisis in financial services, you might think anyone working in medicine would like to remain where they are. However, as a former doctor I want to become a banker. I appreciate that financial services jobs are less secure than jobs in medicine, but I’m intrigued by the financial services industry and willing to take a risk.
I’m currently in the first year of an MBA at a leading European business school. Before I started the course, I worked as a doctor in Sweden and then as a surgeon in a London hospital for a year.
Medicine wasn’t my only focus during this time. I’ve always been interested in business, and pursued business opportunities alongside my medical career. For example, I started a small company focused on skin rejuvenation therapy and worked on some projects for a venture capital firm looking into medical tourism.
When my MBA course finishes I’d like to go into healthcare M&A. Investment banking appeals to my interest in business. Doctors and bankers need similar character traits: curiosity; an ability to work with other people; and eagerness to do the best job possible, whether for clients or patients.
I’ve spoken to several former medics who’ve gone into banking and they’re happy with the move. All are working with healthcare clients; they get to combine a passion for healthcare with their passion for business.
I feel fortunate that in this environment the healthcare sector is one of the best areas of banking to be in. It wasn’t easy to land an internship this year, but I was fortunate enough to get my first choice offer.
If someone said to me that I contributed more to society as a doctor, I’d say that doctors are very dependent on pharmaceutical and biotech companies’ ability to develop new drugs. If can help those companies to improve their performance by giving them good financial advice, then I feel this is a valuable contribution too.
COMMENTSDimitry, Quantitative Analytics, Mon 15 Jun 09I actually knew a dentist turned trader. so it is possible. Add your comment »PrivateHealthcare4All!, Consultancy, Mon 15 Jun 09Afraid to burst your bubble there buddy but the last thing society needs is more bankers and less doctors. Add your comment »ex M&A, Investment Banking / M & A, Mon 15 Jun 09What a waste... agree with previous statement. The last thing the world needs is more bankers and less doctors! Hate to burst your bubble but healthcare M&A is like other areas of M&A... long hours of drudgery trying to convince CEO that taking over X company is accretive and increases their EPS. You could be taking over a dog food company for all you need to know about healthcare. Just admit it that you are in it for the money though bveing a top notch surgeon might be a better way of getting there in this post Lehman environment! Add your comment »tradingplaces, Commodities, Mon 15 Jun 09please dont waste your life working in this industry... you are blessed with the skills of actually making a true difference in society... reconsider! Add your comment »Alex, Private Banking / Wealth Management, Mon 15 Jun 09There are already ex-doctors working within Healthcare teams, so it is definitely doable. Good luck. Add your comment »Mr Magoo, Equities, Mon 15 Jun 09If you want to switch then that's fine I'm sure it can work out. But, if you've got the advanced medical qualifications (MRCS?) you need to practice as a surgeon, then why pack it in now when you can cash in big time in private practice - effectively running your own business? Add your comment »Sako, Investment Banking / M & A, Mon 15 Jun 09i am an associate director at the corp fin department of a swiss bank. i would switch jobs with you within a heartbeat. Add your comment »Merchant Banker, Private Equity / Venture Capital, Mon 15 Jun 09No doubt doctors are the new Goldman Sachs Add your comment »Dhrupen, Student, Mon 15 Jun 09Why would anyone want to do be a doctor is beyond me. Work 6 years at university to deal with ill people and only get onto 6 figures in your 30s, or work 3 years at university, deal with top quality people and be on 6 figures age 22-23. Tough choice! Add your comment » |
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