While biotechs and major pharmaceuticals have many similarities, the best paying jobs in pharmaceuticals are not always what you might expect. Pharmacist, clinical research physician, and biostatistician jobs are among the most sought-after positions. The median salary at AbbVie was $148,823 in 2018 – the highest of any large multinational. In contrast, Jazz paid $216,797 to its employees.
As part of the statistical department of a pharmaceutical company, a biostatistician analyzes data from medical studies to develop and refine products. They work closely with patients, physicians, nurses, and other health care professionals. This career requires a bachelor’s degree in a relevant field. The job requires experience using statistical software. You may also need to have a master’s degree or PhD to secure a job in the field.
A biostatistician uses mathematics to analyze data, design research studies, and write reports that help guide public health policies and strategies. These researchers also analyze genetic data and disease rates to create clinical trials that help scientists identify the most effective drugs. In addition to this, biostatisticians work on government policy projects, studying the overall effects of environmental chemicals on various populations. And, of course, this job is very lucrative.
While biostatisticians typically work in an office environment, they can work on the research side of major pharmaceutical companies. They often work 40-hour weeks, though this can vary depending on the company and research study. A master’s degree in public health can also be helpful for pursuing this career path. The U.S. Department of Labor’s Objectives for the Nation recognizes the shortage of biostatisticians in the United States.
Being a pharmacist is a career that can be rewarding and pay well, but there are also some pitfalls to avoid. As with most professions, it’s important to choose the right location and company for your professional growth. A larger city, for example, has many more jobs for pharmacists. If you live in New England, the largest concentration of pharmacists is in the Middlesex and Suffolk counties.
To be a pharmacist, you must have a degree in biology, chemistry, or pharmacology. Some states have higher education requirements for pharmacists than others. For example, a bachelor’s degree in biology or pharmacology is highly recommended. To get started as a salesperson, you must be certified by the Manufacturer’s Representative Education Research Foundation (MRERF). While pharmaceutical salespeople and pharmacists are typically well paid, higher education will open more career opportunities for you.
If you are interested in more advanced positions, you can work in research and development. The pharmaceutical industry is a rapidly growing industry, and sales have already crossed the trillion-dollar mark worldwide. New vaccines, such as Covid-19, have also helped the pharma sector recover from the recent economic crisis. Despite this, many industries are experiencing low growth and are seeking highly qualified candidates. This industry is a rewarding career choice, so don’t wait to apply.
3. Clinical research physician
As a clinical research physician, you’ll spend your days in a hospital, working with patients and other health care professionals. You’ll work long hours, often weekends, and may have to travel for conferences and continuing medical education courses. Keeping up with the latest trends in medicine and health care will help you advance in your career. You’ll be compensated well for your time and dedication.
A career as a clinical research physician is a great fit for many medical professionals. In addition to providing a stimulating environment, this profession allows physicians to express their creative side. Physicians interested in this career can pursue a residency in clinical research and certification by the American Board of Medical Specialties. Clinical research physician positions can be found in universities, hospitals, and pharmaceutical companies. As a clinical research physician, you’ll have a diverse range of job opportunities, from conducting clinical trials to leading research.
While you may not need post-doctoral training or a medical fellowship to become a clinical research physician, it’s helpful if you’ve done research for a pharmaceutical company. Clinical research physicians often have the opportunity to move into other fields, such as consulting, laboratory research, and health insurance policy creation. In some cases, they can even move into state or federal government regulation. Whatever your field of specialization, a clinical research physician can be successful. We continue to produce content for you. You can search through the Google search engine. You can check our recent article Best Paying Jobs In Electric Utilities Central or you can find the relative posts right below
Besides the list provided, medical science liaisons, financial analysts for pharmaceutical industries and specialist in regulatory are the best-paying jobs in major pharmaceuticals.