Related Experiment Videos
My career path to investment banking
1623 Fifth Avenue, 14th Floor, NY, NY, 10022, United States.
Developmental Biology
|February 27, 2020
Summary
Many PhD graduates are pursuing non-academic careers, seeking opportunities beyond traditional research. This personal account details a transition from scientific training to a successful career in healthcare investment banking.
Area of Science:
- Biomedical Sciences
- Career Development
- Alternative Careers
Background:
- Increasing number of PhD graduates seek careers outside academia.
- Many graduates are not interested in traditional academic or bench research roles.
- The academic job market is highly competitive, with limited positions.
Purpose of the Study:
- To share a personal narrative of transitioning from a PhD to a career in finance.
- To highlight the applicability of scientific training in non-traditional fields.
- To provide insights into the healthcare investment banking sector for scientists.
Main Methods:
- Personal reflection and narrative.
- Application of scientific training and analytical skills in a new domain.
- Case study of a career change from academia to finance.
Main Results:
- Successful transition to a career in healthcare investment banking.
- Demonstration of transferable skills from scientific research to finance.
- Positive impact of the career change on personal and professional life.
Conclusions:
- Advanced scientific training is highly valuable in diverse career paths.
- Careers in finance, particularly healthcare investment banking, offer viable alternatives for PhD holders.
- Embracing non-traditional career trajectories can lead to fulfilling professional experiences.
Related Concept Videos
Actuarial Approach
245
The actuarial approach, a statistical method originally developed for life insurance risk assessment, is widely used to calculate survival rates in clinical and population studies. This method accounts for participants lost to follow-up or those who die from causes unrelated to the study, ensuring a more accurate representation of survival probabilities.
Consider the example of a high-risk surgical procedure with significant early-stage mortality. A two-year clinical study is conducted,...
Consider the example of a high-risk surgical procedure with significant early-stage mortality. A two-year clinical study is conducted,...
245
Mathematical Modeling: Problem Solving
192
Mathematical modeling transforms real-world scenarios into mathematical expressions, allowing for structured problem-solving and analysis. This process involves defining the situation, assigning variables to measurable quantities, selecting an appropriate model, and solving the resulting equation. Such models are invaluable in finance, providing precise methods to evaluate investments, loans, and repayment structures.A widely used example is the calculation of fixed monthly payments on a loan,...
192
Equity Theory
199
Equity theory explains how our sense of fairness influences the dynamics of close relationships. Rooted in social psychology, the theory posits that individuals evaluate fairness by comparing the ratio of their contributions to the rewards they receive. Relationship satisfaction is highest when these ratios are perceived as balanced between partners, promoting mutual reciprocity and a sense of justice.Equity vs. Equality in RelationshipsEquity is distinct from equality. Fairness does not...
199