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I suppose the best approach is to keep an open mind and fire up your curiosity. There's plenty happening in the sector, so there's plenty to keep you engaged. Ask questions of other analysts to the extent you can, and try to pick up whatever insights you can. And try to get up to speed on any industry news, there are sites like MedTechDive and FiercePharma, plus the traditional biz news sites, that can be dredged for information. And, of course, take full advantage of any training options offered by your employer.
I would say that you are in a very good spot, covering sector that is going to expand in the future. Think about all aging population in developed countries.
Don’t overthink. Analyst 1 expectations are not high and nobody is expecting you to know inside out a sector such as Pharma. Also a tiny % of Analysts come from technical/medical background.
It is an exciting industry to join! Just be curious, work hard, and learn as much as you can in your first year. No need to stress about something you cannot change or control (you won’t pursue any new medical degree before joining, right?) if anything, do coffee chats with people in IB covering this sector and read sector primers to get familiar with the sector
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