Best Paying Jobs in Major Pharmaceuticals
Let’s dive into more details about the best paying jobs in major pharmaceuticals.
The pharmaceutical industry is thriving and reaching unprecedented success, and its increasing market revenue is a testament to this fact. Therefore, with an industry with such a promising future, it is worth considering a career in this field.
However, we are here to help you in your career pursuit in the pharmaceutical industry.
Let’s start by picturing yourself in a career where innovation meets prosperity, your expertise is valued, and rewards are generous. The pharmaceutical industry offers you this viable chance. Now, what’s the next step?
The next step is to look for the best-paying jobs in pharmaceuticals. The optimal job position is where you learn, grow, and earn lucrative rewards. Here’s a comprehensive guide to take you through the journey of pharmaceutical’s best paying job positions. The blog will also answer the question; is major pharmaceuticals a good career path?
Global Pharmaceutical Industry
As per Statista, the pharmaceutical industry is projecting a steady growth pattern, with a predicted revenue of $1,115 billion in 2023. Additionally, the pharmaceutical market will likely grow at an annual growth rate (CAGR 2023-2028) of around 5.80%, showcasing a market volume of $1,478 by 2028.
Speaking globally, the United States is leading the pharmaceutical market, followed by the group of emerging markets (emerging market includes low and middle-income countries).
Now, all you need to do is to find the best paying jobs in major pharmaceuticals that align with your interests and goals. HealthCareTalentLink (HCTL) offers the rewarding benefit of finding the right jobs in the pool of industry-centric professionals. They are waiting to find the correct prospects and talent to fill the growing vacancies in the pharmaceutical sector.
Pharmaceutical Industry- Is Major Pharmaceuticals A Good Career Path?
Let us tell you that traversing the path of a pharmaceutical major will land you on thrilling grounds of science, innovation, and health. Here’s how:
Growing Job Vacancies
According to the U.S. Bureau of Labor Statistics, the pharmaceutical and medicine manufacturing industry employs over 300,000 employees. As a result, pharmaceuticals are one of the largest professional sectors. Furthermore, with the growing population and lifestyle changes, there is also a rise in job vacancies.
Therefore, the job vacancies will grow steadily, as mentioned above. So, choosing a major in pharmaceuticals sets the stage for a journey into rewarding terrain.
Promotes Innovation, Creativity, and Technical Knowledge
The field of pharmaceuticals paves the way for innovation and creativity. Depending on the role you acquire, you can play your part in advancing the insights of the pharmaceutical field.
By contributing to research and development, you can assist the pharmaceutical sectors in discovering new drugs and techniques. Moreover, experimenting with new formulas and methods may lead to finding novel, effective medicines that treat patients with chronic conditions. All these collectively enhance your mental capabilities and guide you to stimulate your abilities more.
Advancement Options
Do you aspire to pursue a growing career rather than standing in the same position for years? Well, the pharmaceutical industry has the option to help you advance your career.
The advancing options include acquiring a managerial role or a more technical role involving the application of biology, chemistry, pharmacology, etc.
So, the answer to the question: Is major pharmaceuticals a good career path is simple. Yes, a career is a viable option when the career pathway offers career advancement options and promotes innovation, creativity, and technical knowledge. Additionally, it has got some of the best paying jobs in major pharmaceuticals.
From Lab Coats to High Earnings: The Best Paying Jobs In Major Pharmaceuticals
The pharmaceutical industry offers plenty of growth opportunities, with an upward trajectory in its growth pattern. This sector is renowned for providing the best paying jobs in major pharmaceuticals that can fulfill your growth needs and offer handsome pay. Furthermore, stepping into the pharma sector, you will gain plentiful exposure to the career options that drive success and personal growth. In addition, it holds significance that your abilities and knowledge receive suitable salary compensation.
This blog section will enlighten you on the best paying jobs in major pharmaceuticals that often involve intense competition. However, possessing the sought-after skills employers commonly seek puts you in a more advantageous position to secure a lucrative pharmaceutical position.
So, let’s sneak peek into the top 10 best paying jobs in major pharmaceuticals.
Medical Science Liaisons
Pay range: $105k – $185k
Average Pay: $149k
Source: Payscale
Starting with the best paying jobs in major pharmaceuticals, Medical Liaisons is leading the list.
Their job role: Medical science liaisons work alongside physicians and patients. They employ the latest industry trends to bridge the gap between technology and its application. Medical science liaisons facilitate physicians and patients in embracing the forefront of medical evolution with confidence and clarity. Furthermore, with the optimal salary offering, this profession has made it to the top of the best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: To be a medical science liaison, you must acquire a bachelor’s degree in chemistry or biology. In addition, you need to have at least two years of practical experience in either pharmaceutical or other healthcare-related fields.
Moreover, you should be able to have clear and concise communication skills.
Workspaces: Various healthcare settings offer job openings to medical science liaisons. You can work in hospitals, research labs, and clinics. However, many liaisons prefer working in large pharmaceutical companies or academia.
This field offers flexibility and a high pay range, making it one of the best paying jobs in major pharmaceuticals.
Pharmaceutical Research Scientists
Pay range: $89k-146k
Average Pay: $114k
Source: Glassdoor
Their job role: As the name implies, pharmaceutical research scientists conduct in-depth biomedical research on pharmaceuticals and drugs. Additionally, they are responsible for executing clinical trials to study the pros and cons of the drugs on animals and humans. It is one of the best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: You should have at least a master’s degree in biology and chemistry. For a more advanced position, a Ph.D. degree works. However, some organizations will still prefer you if you have a bachelor’s degree with practical experience.
Workspaces: The optimal work environments are labs in hospitals, pharma companies, and universities. Additionally, manufacturing facilities pharmaceutical majors to develop or test new drugs before releasing them. These testing bodies cater to the regulatory affairs in the pharma sector and thus play a vital role in ensuring the safety and efficacy of drugs and treatments.
Pharmaceutical Sales Representative
Pay range: $30k-114,500k
Average Pay: $73k
Source: ZipRecruiter
Their job role: These professionals sell medical products and drugs to physicians and healthcare settings. It is one of the best paying jobs in major pharmaceuticals. Additionally, they deliver knowledge to medical professionals demanding information about various medicines for better care.
Degree and Skillset Requirement: A bachelor’s degree in business administration or marketing focusing on sales is a prerequisite. Furthermore, some organizations train new employees, but their experience is also valuable.
Workspaces: They work in doctor’s offices, hospitals, nursing homes, and pharmacies.
Protip: Did you know you can transit from a nurse professional to a medical device sales representative? Read our blog to learn more.
Pharmaceutical Manager
Pay range: $96K-$164k
Average Pay: $124k
Source: Glassdoor
Their job role: The role of a pharmaceutical manager revolves around ensuring that their products are safe and effective. Additionally, they also look after the employees working on the products. The managerial role and a good pay range make this profession one of the best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: A bachelor’s degree is a prerequisite for attaining the position of a pharmaceutical manager. However, some organizations demand an advanced degree for this career path. Additionally, an experience in this or other related fields will pay off well.
Workspaces: Medical research facilities and pharmaceutical companies are the paramount working spaces for pharmaceutical managers.
Pharmaceutical Financial Analyst
Pay range: $35k-$117k
Average Pay: $84k
Source: ZipRecruiter
Their job role: As the name suggests, these professionals analyze the financial data of pharmaceutical companies. They play a crucial role in calculating the revenue and costs linked with pharmaceutical products. Pharmaceutical companies rely on their financial analysts to determine the worth of drugs and assist manufacturing. Therefore, pharmaceutical financial analysis is one of the best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: You should have an in-depth understanding of accounting and economics with a bachelor’s degree. Additionally, work experience will pay you on beneficial grounds.
Workspaces: As a financial analyst, you can work in any pharmaceutical firm, regardless of the size.
Biotechnology Consultants
Pay range: $56k-$90k
Average Pay: $70k
Source: Glassdoor
Their job role: As a consultant, these professionals work with different clients to work on products, improve existing ones, or develop new ones. Additionally, they assist firms in developing new and improved products by enlightening them about the latest technologies and devices. Therefore, they foster one of the best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: The prerequisite is a bachelor’s degree in chemistry, biology, or related fields. Moreover, three years of experience is necessary while pursuing this career path. In addition, you should have problem-solving skills, creativity, communication, project management skills, etc.
Workspaces: As a biotechnology consultant, you can work for several biotech or related organizations. Furthermore, you can opt for some government agencies or universities.
Biostatistician
Pay range: $61k-$123k
Average Pay: $82k
Source: Payscale
Their job role: These professionals utilize scientific data to make informed decisions. They analyze data recorded in medical studies and usually work with healthcare providers or pharmaceutical organizations. They foster one of the best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: You must attain an undergraduate degree in statistics or biostatistics. Additionally, you may continue your education to gain further insights and a deeper understanding of the field.
Furthermore, you need specific skills like quantitative skills (statistics and calculus), communication skills, strong writing ability, creativity, etc.
Workspaces: As a biostatistician, you can work in universities, finance, public health, medical research, and pharmaceuticals.
Regulatory Specialist
Pay range: $26k-$208k
Average Pay: $68k
Source: Glassdoor
Their job role: These professionals ensure that the organizations comply with all government regulations. The factors that come under these policies include safety, environment, and health laws. Additionally, they assist in formulating new policies and regulations, making them one of the best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: A bachelor’s degree in business administration will pay off well. In addition to a bachelor’s degree, a specialization degree will enhance your chance of excelling in this field. Moreover, experience in this field will accelerate your progress and increase your chances of advancing your career.
Workspaces: Regulatory specialists may work in various environments like manufacturing, healthcare, retail, etc.
Quality Control Chemists
Pay range: $41k-$125k
Average Pay: $75k
Source: Comaparbly
Their job role: Quality Control Chemists ensure the safety and efficacy of medications for consumers. They perform all the paramount duties of meeting quality standards and purity, advancing to the top ten best paying jobs in major pharmaceuticals.
Degree and Skillset Requirement: A bachelor’s degree in chemistry is a prerequisite. However, certain employers demand a candidate to hold an advanced degree in biology and chemistry.
Furthermore, you need specific skills like attention to detail and profound communication skills.
Workspaces: You can work in pharmaceutical labs and research facilities. Here, you may need to work to test drugs for contaminants and impurities.
Pharmaceutical Process Technician
Pay range: $15k-$282k
Average Pay: $68k
Source: Glassdoor
Their job role: These professionals work in labs and manufacturing plants to assist in creating new medications. They also ensure that the product quality is following the company’s standards. Although it is the last in the list of top ten best paying jobs in major pharmaceuticals, this field will offer rewarding benefits.
Degree and Skillset Requirement: Employers prefer candidates who have a bachelor’s degree in chemistry. However, some employers prefer an associate’s degree in biology and chemistry. You can enter this field having only a high school diploma. The only requisite is an extensive experience in the field.
Workspaces: These professionals work in hospitals, drug manufacturing units, or clinics. Additionally, they can work in research facilities manufacturing new drugs and vaccines.
You may also want to read: Top 13 Most Successful Health Tech Companies & Startups That Raised Millions.
Conclusion
To conclude, the blog gives insight into the top ten best paying jobs in major pharmaceuticals, indicating significant details. It also answers the significant question: Is major pharmaceuticals a good career path? HealthCareTalentLink(HCTL) can assist you with whichever career path you choose. With its optimized job board and user-friendly interface, finding the right job becomes a piece of cake.
