Business Development Manager Biotech Salary
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The biopharma salaries have been revealed. How much Novartis, Pfizer, Johnson & Johnson and Moderna pay scientists, engineers, doctors and lawyers
Business Development Manager Biotech Salary
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This growth has been accompanied by a flurry of M&A, new research and development activities and many new hires. Biotech companies also boosted their salaries, with life sciences salaries growing 5% in 2021, compared to 4.4% in 2020, according to BioSpace.
Insider used mandatory disclosure documents to find out how much some of the biggest biotech and pharmaceutical companies are paying employees.
When companies hire foreign workers under the H1-B visa program, they are required to disclose the wages they plan to pay them. Insider analyzed this data, collected by the US Foreign Labor Certification Office, to show where major biopharmaceutical companies are hiring in key roles as of the first quarter of 2021.
Employees at leading biotech companies can earn up to $701,000. Here’s where workers earned the most in 2020.
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This list shows salaries for positions at Auris, Bristol Myers Squibb, Eli Lilly, Flatiron, Genentech, Genzyme, Janssen, Johnson & Johnson, Merck, Moderna, Novartis, Pfizer and Sandoz. Salaries for similar positions are shown as a range.
“BMS uses a market-based approach to set salary ranges for each unique role in our company, and we regularly evaluate and adjust these ranges. Individual salary levels take into account the scope based on the role as well as the specialized qualifications of the employees. and experience and criticism of the individual and/or their role,” the company said in a statement.
“We do not publicly release our salary ranges due to the competitive nature of this information, except as required by local legal or regulatory requirements.”
“At Lilly, our goal is to combine care with discovery to create medicines for people around the world. To do this, we need to attract highly talented individuals from diverse backgrounds and disciplines,” the representative said.
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“Our compensation and benefits programs are designed to attract and retain a diverse, highly motivated workforce while supporting the company’s core values of integrity, excellence and respect for people.”
“We do not publicly disclose detailed salary information. However, we note that the limited data you shared appears to be related to specific hires and does not accurately reflect the full range of job levels and salaries available for each. job families listed,” a Genentech spokesman said. “Our compensation and benefits are competitive, and our offers reflect a variety of factors, including experience, expertise and skills, among others.”
Genzyme is a subsidiary of Sanofi focused on oncology, neurology, immunology and rare diseases and disorders. Barry Chin/The Boston Globe via Getty Images
Johnson & Johnson is one of the largest pharmaceutical companies in the United States. Thiago Prudencio/SOPA Images/LightRocket via Getty Images
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“Each associate is paid a fixed salary based on job specifications, market competitiveness and the skills and experience of the association. Base salaries are reviewed annually against the external market to ensure competitiveness. Salary increases are determined by the partner’s individual performance and level compared to the benchmark. – said the representative of Novartis.
“Novartis also offers a comprehensive and innovative benefits program that is an integral part of total associate compensation, including incentive programs, vacation time, health and wellness benefits, and work/life benefits.”
Subscribe to our newsletter to get the latest healthcare news and analysis delivered to your inbox weekly. Although biotechnology is a relatively young industry, with the earliest companies formed in the 1970s and 1980s, its impact has been significant. The science behind biotechnology has transformed our understanding of biological life through discoveries like DNA, and scientists have applied this knowledge to develop innovative products that have improved our lives. Examples include biological vaccines, more accurate tests for human and animal diseases, alternative fuels based on corn or sugar cane, pest-resistant hybrid crops that reduce reliance on chemical pesticides, and more. The value that biotechnology offers to the world through the continuous development of useful products has contributed to its rapid growth.
Biotechnology is a dynamic field with applications in various fields. This diversity creates a wide range of careers in the field, with different job titles and responsibilities. A research scientist at Company A may have completely different responsibilities compared to someone with the same job title at Company B, although there may be some similarities. The information below is a general guide to help you understand the career options available in biotechnology.
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Entry-level positions typically require a bachelor’s degree in biological or chemical science, microbiology, biomedical engineering, or similar. Career advancement may require additional education, such as a master’s degree or PhD, plus professional experience. Prospective employers will be interested in hiring employees with the knowledge and experience to successfully perform job duties and navigate the often complex regulations of biotechnology. Positions can be found at established or start-up companies, medical laboratories, or university, government, or health system research facilities.
According to BIO (Biotechnology Innovation Organization), a leading trade organization, salary and job growth in the biotechnology industry consistently exceeds the national average. Because biotechnology is a diverse field that encompasses a variety of workplace scenarios, salaries will vary by job, location, company size, and education required.
This entry-level position supports activities under the supervision of a biologist or medical scientist in a biological or medical laboratory. Job duties include maintaining laboratory equipment and supplies, collecting and processing biological specimens for analysis, preparing solutions and reagents, conducting experiments, and collecting and entering research data. Technicians follow safety and quality assurance protocols during experiments and safe contaminant disposal procedures. Biological technicians may train and supervise other laboratory personnel. The position requires attention to detail and good communication skills. According to the Bureau of Labor Statistics (BLS), the median salary for biological technicians is $45,860 per year. Similar to: laboratory technician, laboratory technician, medical technologist, animal laboratory technician, microbiology technician, forensic science technician, research and development laboratory technician, and agricultural and food science technician.
A microbiologist specializes in the study of bacteria, viruses, algae, fungi, protozoa, and other microorganisms that cannot be seen without the use of microscopes and other advanced tools. Microorganisms can be found in soil, air, and water, almost anywhere biological life exists, and can contribute to disease or decay in a living organism or contribute to the fermentation process. Microbiologists oversee complex research projects to advance scientific discoveries, solve problems, or develop products. They may perform laboratory experiments or supervise a team of biological technicians who manage day-to-day laboratory operations. Critical thinking and communication skills are important as a microbiologist must understand the scientific literature, design relevant experiments, and write technical reports and research papers. They can present research findings to scientists, non-scientific colleagues and the public. According to the BLS, the median salary for microbiologists is $75,650 per year. Bacteriologist, virologist, clinical microbiologist, environmental microbiologist and quality control microbiologist.
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Research scientists find themselves in the fields of health, agriculture or industrial biology, among others. Their responsibilities are similar to those of microbiologists: formulating a hypothesis, conducting research, and analyzing the results, with the ultimate goal of developing a product to solve a problem. They may work with scientists from partner laboratories, as well as with regulatory, legal, and research and development (R&D) functions within their organization.
In health care, physician scientists research biological treatments for human or animal diseases, conduct clinical trials to prove the effectiveness of new pharmaceutical products, or develop standards for dosages and manufacturing methods as new drugs and drug compounds are brought to market. They can also work with public health agencies to manage disease outbreaks. According to the BLS, the median salary for medical scientists is $88,790 per year.
An agricultural research scientist studies animal pathogens and disease treatments and genetics to improve breeding programs and the quality of livestock for food. They may focus on plant food production, develop methods to improve crop yields, or develop the use of biological agents to address environmental concerns. They can also explore using food for alternative fuels, such as ethanol produced from sugar or corn. According to the BLS, the average salary for agricultural and food scientists is $65,160 per year.
A molecular biologist deals with the chemical processes and interactions of molecules that occur inside cells. They may conduct basic research to expand scientific understanding or applied research to develop new products. They may work in healthcare, researching new treatments for cancer and other diseases, or in agriculture, developing disease-resistant crops or other fields. According to the BLS, the median salary for molecular biologists is $94,490 per year.
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The education required for a research scientist position varies, but most employers expect at least a bachelor’s degree in biology, chemistry, or science.
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