Are there any cons to being in healthcare FDD? I don't have any healthcare experience but was networking with someone in a healthcare group who encouraged me to apply and said they can teach me everything. Thoughts?

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I would say outside of tech, healthcare is the most future proof specialty in FDD.

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Yeah, but if you can’t catch onto the healthcare lingo, you’re basically dead in the water. You ever listen to a medical or healthcare professional discuss their field of work? It’s a mess, with plenty of super technical jargon

Well I’d start with, are you even interested in the industry? What’s your prior experience and are you looking for change? What cons are you anticipating? (Is it just the specific industry, or the fact you’d be specializing in one and you’d ask the same question if it was tech or oil and gas)

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I get you. I honestly think it’s pretty cool, the reality is that you will get more specialized the longer you stay in healthcare. For example, quality of revenue is a major component of the work and you don’t see that type of waterfall analysis in every industry.

With that said, I do agree with another comment that it will be a decent learning curve between the jargon and the fact you’d also be learning FDD at the same time. But, healthcare seems to be having some really good consistent deal flow so you’ll be utilized and will likely ramp quickly. I don’t think hours would be any different than any other industry or generalist group.

Exit opps are all the same across FDD, but of course you’d be more set up for the healthcare space. But I’ve seen people hop to different industries in-spite of the industries they typically worked on so depending on how long you stay it might not hold you back.

The only con I can think of, which was mentioned on another thread on here not too long ago, is depending on the size practice you’re joining, it can be a lot of physician practices (esp in the MM). Which isn’t necessarily a bad thing, but if there are certain sub-sectors of healthcare you’re interested in, that’s a consideration.

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Second the above comment. The con would be whether or not you’re actually interested in the industry. It’s highly specialized (in the same way that financial services is highly specialized)

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Having spent 11 years in healthcare FDD, IMO there are significantly more pros in healthcare compared to other industries and no major cons, unless there is some very specific exit opp you want that's outside of healthcare. Don't worry about the lingo, no one expects you to understand it on day one and you'll learn as you go.

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