Replacement Jobs for Wall Street (crains)

i doubt they will have much success unless they're willing to work for free to learn the business. Pharma/biotech is very specialised. When I transitioned from finance to healthcare it took many months of networking and a lot of low paying jobs to get traction.

From firsthand experience, I can say there is some truth to this. I would be careful not to lump all these applicants as "ex-bankers." In my department, we've seen resumes from a variety of areas, though none would qualify as straight i-bankers. As for bonuses, this year will actually be good for us, especially compared to last year - go figure.

The healthcare industry does not pay that well, so they can expect less money. And forget about bonuses. They are non-existent.

alpine292, healthcare jobs are so varied that that statement doesn't really hold a lot of water. Some pay quite well and include significant bonuses.

health care doesn't pay well? what exactly were you referring to?

I mean that helath care does not pay as well as Wall St. does.

when you say healthcare do you mean the actual rank and file pharma workers or the hospital workers or some such role?

i'll try and reduce the confusion somewhat..

as bjw inferred, its definitely not all investment bankers, its a mix from the total, I'm sure they're include admin folks as well, but Wall Street admins could easily earn $100k (I knew college degree-less admins at bulge bracket who started at $70k)

As for the jobs they are going for, the opening paragraph specifically notes "hospital jobs". As in hospitals are getting these resumes.

"when you say healthcare do you mean the actual rank and file pharma workers or the hospital workers or some such role?"

Merck just laid off 7,200 workers. You tell me.