RecordMove

Medical practice manager to venture capitalist

A medical practice manager already meets 23% of what the venture capitalist role asks for. The move turns on 10 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional

From medical practice manager

Distant match

To venture capitalist

6 You already bring

10 Still to learn

38 Skills in the target role2

Learning distance Substantial retraining

73.9/ 100

adjacentmoderatesubstantialcareer change

1 How much of what a venture capitalist is expected to do is already part of a medical practice manager’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the venture capitalist role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

A venture capitalist role treats 5 of its required skills as things a medical practice manager already does. You would walk in with these on day one.

analyse business plans
analyse financial risk
build business relationships
create a financial plan
make strategic business decisions

What stands in the way is 10 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 6 skills that carry over, these are the ones fewest other occupations ask for. A venture capitalist role needs them, and most people applying for one will not have them already. This is the part of a medical practice manager background worth leading with.

Skill the target role also needs Area

already held make strategic business decisions management skills
already held financial forecasting business, administration and law
already held analyse business plans information skills
already held create a financial plan management skills
already held analyse financial risk information skills
already held build business relationships communication, collaboration and creativity

All 6 carried skills, including the 5 the venture capitalist role treats as required.

Table 3

Table 3 · What you may need to learn

The 32 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.

Skill to pick up Tier

01 business, administration and law 5 required, 6 supplementary

still to learn investment analysis required
still to learn management consulting required
still to learn business analysis required
still to learn business valuation techniques required
still to learn funding methods required

optional, not held holding company activities optional
optional, not held investment banking optional
optional, not held credit control processes optional
optional, not held debt systems optional
optional, not held international business optional
optional, not held modern portfolio theory optional

02 information skills 3 required, 6 supplementary

still to learn analyse financial performance of a company required
still to learn assess financial viability required
still to learn perform business analysis required

optional, not held analyse loans optional
optional, not held analyse market financial trends optional
optional, not held examine credit ratings optional
optional, not held maintain client debt records optional
optional, not held obtain financial information optional
optional, not held perform debt investigation optional

03 management skills 1 required, 4 supplementary

still to learn decide on providing funds required

optional, not held establish investment funds optional
optional, not held budget for financial needs optional
optional, not held develop investment portfolio optional
optional, not held make investment decisions optional

04 communication, collaboration and creativity 1 required, 3 supplementary

still to learn apply technical communication skills required

optional, not held liaise with financiers optional
optional, not held manage contracts optional
optional, not held review investment portfolios optional

05 arts and humanities 1 supplementary

optional, not held foreign languages for international careers optional

06 assisting and caring 1 supplementary

optional, not held apply credit risk policy optional

1 further area in the appendix

Table 4

Table 4 · Where to start

The 3 entries a venture capitalist role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 6 skills that carry over

Skill Type

already held analyse business plans skill
already held analyse financial risk skill
already held build business relationships skill
already held create a financial plan skill
already held make strategic business decisions skill
already held financial forecasting knowledge

The 1 learning area not shown above

Skill to pick up Tier

07 natural sciences, mathematics and statistics 1 supplementary

optional, not held actuarial science optional

22 supplementary skills, helpful but not required

Skill to pick up Tier

optional, not held establish investment funds optional
optional, not held actuarial science optional
optional, not held holding company activities optional
optional, not held investment banking optional
optional, not held analyse loans optional
optional, not held analyse market financial trends optional
optional, not held apply credit risk policy optional
optional, not held budget for financial needs optional
optional, not held credit control processes optional
optional, not held debt systems optional
optional, not held develop investment portfolio optional
optional, not held examine credit ratings optional
optional, not held foreign languages for international careers optional
optional, not held international business optional
optional, not held liaise with financiers optional
optional, not held maintain client debt records optional
optional, not held make investment decisions optional
optional, not held manage contracts optional
optional, not held modern portfolio theory optional
optional, not held obtain financial information optional
optional, not held perform debt investigation optional
optional, not held review investment portfolios optional

32 held skills the venture capitalist role does not ask for

Skill Type

not needed by the target role accounting knowledge
not needed by the target role align efforts towards business development skill
not needed by the target role analyse business processes skill
not needed by the target role answer patients' questions skill
not needed by the target role assume responsibility for the management of a business skill
not needed by the target role business law knowledge
not needed by the target role business management principles knowledge
not needed by the target role coach employees skill
not needed by the target role control financial resources skill
not needed by the target role cost management knowledge
not needed by the target role develop company strategies skill
not needed by the target role develop revenue generation strategies skill
not needed by the target role discharge employees skill
not needed by the target role evaluate employees skill
not needed by the target role financial management knowledge
not needed by the target role gather feedback from employees skill
not needed by the target role health records management knowledge
not needed by the target role healthcare administration knowledge
not needed by the target role maintain relationship with customers skill
not needed by the target role manage a multidisciplinary team involved in patient care skill
not needed by the target role manage accounts skill
not needed by the target role manage budgets skill
not needed by the target role manage employee complaints skill
not needed by the target role manage healthcare staff knowledge
not needed by the target role manage healthcare users' data skill
not needed by the target role manage medical supply chains skill
not needed by the target role manage office facility systems skill
not needed by the target role manage supplies skill
not needed by the target role motivate employees skill
not needed by the target role patient record storage knowledge
not needed by the target role plan health and safety procedures skill
not needed by the target role recruit employees skill

13 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to pick up Tier

still to learn investment analysis required
still to learn management consulting required
still to learn business analysis required
still to learn business valuation techniques required
still to learn funding methods required
optional, not held actuarial science optional
optional, not held holding company activities optional
optional, not held investment banking optional
optional, not held credit control processes optional
optional, not held debt systems optional
optional, not held foreign languages for international careers optional
optional, not held international business optional
optional, not held modern portfolio theory optional

Index

Other moves recorded from medical practice manager

Full index of moves from medical practice manager

FAQ

Common questions about this move

Can a medical practice manager become a venture capitalist?

Yes, and it is a substantial move. A medical practice manager already covers 23% of what a venture capitalist is expected to do: 6 skills carry over, 5 of which the venture capitalist role treats as required.

What skills does a medical practice manager need to become a venture capitalist?

10 required skills are missing, plus 22 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is decide on providing funds.

How hard is the move from medical practice manager to venture capitalist?

Its learning distance is 73.9 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.