An Industry on the Rise: The Top 10 Highest Paying Pharmaceutical Jobs

AN INDUSTRY ON THE RISE: TOP 10 HIGHEST PAYING PHARMACEUTICAL JOBS The pharmaceutical industry has seen exponential growth in recent years due to the development of new and innovative drugs. In fact, experts are predicting that the industry will continue to grow at a steady rate of 5% per year until 2020! Like any industry, rapid growth leads to an increase in the demand for jobs. Here is a closer look at the most lucrative career opportunities within the pharmaceutical industry. * Salaries below are based on several factors including industry, company size, location, years of experience and level of education. TWO MAIN CAREER PATHS FIVE MAIN JOB CATEGORIES WITHIN THE PHARMACEUTICAL INDUSTRY 1. R&D (research and development) 1. THE SCIENCE SIDE: R&D - designing new drugs, drug discovery, drug formulation, clinical trials 2. MANUFACTURING 2. THE BUSINESS SIDE: 3. ADMINISTRATIVE Regulation - drug authorization, FDA compliance 4. REGULATORY Sales / Marketing - On average, pharmaceutical companies will allot ~50-60% of their budget for sales and marketing alone 5. SALES 1. SR. BIOSTATISTICIAN • Conduct statistical research for the development of new drug treatments and therapies • Identify the appropriate complexity, size, and duration for clinical trials • Participate in all phases of a medication's development. Their work combines specific scientific goals with statistical modelinga heavily on the use of computers and databases • Requires a Master's Degree/Ph.D and 5-8 years of experience in the field or in a related area MEDIAN ANNUAL SALARY: ~$135k relies 2. PHARMACISTS · Also called chemists or druggists Responsible for compounding and dispensing medications to patients Over 270,000 licensed pharmacists were employed in the U.S. in 2011 • BLS projects a 25 percent job growth rate for pharmacists until 2020 • Requires a bachelor's degree and three-year pharmacy school program • Clinical pharmacists work in hospitals, clinics and nursing homes, and retail pharmacists work in, manage or own local pharmacies MEDIAN ANNUAL SALARY: ~$117k 3. BIOTECHNOLOGY SR. RESEARCH SCIENTIST • Assess new technologies, their future applications and propose, plan and manage research projections and report findings MEDIAN ANNUAL SALARY: • Required skills include bioinformatics, clinical research, project management and biotechnology ~$98k • 5 to 10 years experience is ideal for top salary 4. SR. MANUFACTURING ENGINEER • Plans, designs, and oversees manufacturing processes MEDIAN • Analyzes layout of equipment, workflow, assembly methods, ANNUAL SALARY: and workforce utilization ~$87k • Requires a bachelor's degree in Engineering plus 5-7 years of experience 5. DRUG SAFETY SPECIALIST • Responsible for collecting, monitoring, processing, and distributing event reports and information queries for investigational and marketed products • Reviews safety and medical information for the assigned products, including safety components of protocols and studies for assigned drugs • Requires a bachelor's degree and 5-8 years of experience MEDIAN ANNUAL SALARY: ~$87k 6. SR. QA ENGINEER MEDIAN • Performs inspections and sets quality assurance testing models for analysis of raw materials, materials in process, and finished products ANNUAL SALARY: ~$82k • Requires a bachelor's degree and 4-6 years of experience 7. BIOCHEMIST • Assist in the development of new drugs MEDIAN ANNUAL • The majority of biochemists employed in the pharmaceutical industry will have a doctorate in chemistry or biochemistry SALARY: ~$80k • BLS is projecting a 31% employment growth rate from 2010 through 2020 8. RESEARCH SCIENTIST MEDIAN ANNUAL SALARY: • Write grant proposals for external research funding • Responsible for staying on top of developments in their field. • Must be highly skilled in data analysis and written communication • Needs the ability to clearly present findings for reports, reviews, and academic writing research papers O10 ~$75k 9. PHARMACEUTICAL SALES REPRESENTATIVE • Interact professionally with doctors and healthcare management personnel • Must be well-versed on the effects and risks of the medications they sell • Pharmaceutical sales representatives earn significantly more than sales reps in other industries • Expected to have a bachelor's degree in Marketing, Communications, or a related field • BLS predicts a 16% job growth rate for pharmaceutical sales reps from 2010 through 2020 MEDIAN ANNUAL SALARY: ~$74k 10. PHARMACEUTICAL FINANCIAL ANALYST • Evaluate potential investments • Develop forecasts to analyze financial data • Determine the stability and profitability of the company's products • Provide recommendations to a company's management team. They may also work with various • Requires a bachelor's degree in a field related to finance, business or statistics MEDIAN ANNUAL SALARY: ~$60k CANADAO Pharmacy Online At our accredited Canadian Pharmacy, your family's health and well-being come first! www.canadapharmacyonline.com Toll Free 1,866,920.3784 twitter.com/cpohealth G instagram.com/cpohealth SOURCES: http://everydaylife.globalpost.com - http://www.monster.com - http://images.alfresco.advanstar.com/alfresco_images/pharma/2014/11/25/ 6b62704d-511b-4b8b-8d26-406a753fle0a/article-856395 pdf · http://wwwl.salary.com https://www.quora.com - https://www.study.com - http://www.healthcaresalaryworld.com