| Topic Name: |
Getting into Healthcare Consulting/VC |
| Message Name: |
Know your market |
| Date Posted: |
06/30/2003 |
| In Reply To: |
I just graduated from a top school w/ a strong science/engineering background. I will now be working for a boutique firm addressing intellectual property issues for medical devices. This is a very technically oriented position.
A few years from now I would ideally be working for a consulting firm addressing more strategic issues in the industry. I basically don't want to be stuck doing "tech" analysis forever, as I would like to incorporate some solid business experience before I explore appying to B-school.
Does anyone have any advice for what I can do NOW while I'm at this job that may help me prepare for my intended future career move? What would consulting OR VC firms look for in considering me as a potential candidate? |
| Message: |
I agree that the MBA is a good way to change careers, and will give you the access you need.
It is possible, however, to make yourself a more desirable applicant. The prospective employer will be looking at your industry knowledge as well as the MBA itself. This is especially true if you do not end up in a top 5 school.
It sounds from your description that you are a technical analyst for an IP law firm. Is this correct? If so, it would be helpful to understand the technological background of key device markets. For example, if you are looking into orthopedic implants, what are the major market segments [hip, knee, spine, etc.], what are the technological advantages of the leading products, and are there products in development that may improve outcomes?
Having specific industry and product background and knowledge could be a significant advantage post-MBA, especially if the job market is still tight.
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