Big pharma salary reddit

 

Salary range (base only) for director and up. In my experience, people in big pharma rarely leave because they want stability (>5 years of not changing jobs). PERSONALIA. For those receiving equity as part of I moved to a big pharma company as a computational biologist in the Boston Area about 1. Might be dependent on the company, for exemple a Senior Scientist at Roche is not the same job as a Senior Scientist at Novartis. I was wondering if there is a general agreement on which big pharma/biopharma companies have the best salaries / packages Position 1: Permanent employment offer from Big pharma, base salary 70k with Global Performance Plan bonus ranging from 0-10k a year based on employee evaluations. 190,000. These are just a few there are many other companies in differnt roles. Compensation is pretty good (engineering role) with Network. Pay in pharma Ireland. Reply reply More repliesMore replies. Role: Validation Engineer Industry: Pharma Location: SF Bay Area Work Hours: Varies, usually 40-45. g. Unless you work in very niche areas of pharma (patient advocacy, maybe consumer marketing), you pretty much will not interact with any patients. Reply reply wallnumber8675309 Not sure about wet lab. 170,000. Senior Associate Scientist - Flow Cytometry Core Group. Started with my bachelor’s in biological engineering then got a Master’s part-time paid for by work (no bearing on salary). Hi everyone! I'm 1 year in in a Postdoc in big pharma. The highest paid person that isn't a supervisor in my department has a degree in Industrial Pharmaceutical Technology, not sure how long that took. As a fresh grad and a first gen, I am not all too familiar with recruiters and the industry in general. Maybe it is my current role/company/location, but I think there are some qualms that reach beyond. Education Level: Basic undergrad. Promoted twice so far. PhD interns for big pharma in the Bay Area range between $45 to $55. 207,000. And while CEOs often catch the limelight for their multimillion-dollar paychecks, it is every Outside of the obvious HSW, I've found the best healthcare focused schools to be Duke Fuqua, NYU Stern, Michigan Ross, UCLA Anderson, CMU Tepper, and UNC Kenan-Flagler. If you hate interacting with patients, big kudos to working in pharma/biotech. Once in America, the same vial goes for 8900$. Yeah you're talking director level and big pharma, so doubly high. ago • Edited 8 yr. Site also had a gym. I am not sure how big pharma salaries care with small biotech, but I have a friend with a BS and 3-4 years of experience who is getting numerous offers around 100k in the Boston area because he has skills in flow cytometry and experience with crispr technologies. I am the highest paid with 105% for my title throughout the company. In a pre-IPO biotech a 10-100x increase on the equity is possible when you consider that options for common shares are priced at 50 to 80% Base 130-160k typical for new msl. 1st year PhD student: $27/hr. Big Pharma interviews take a whole day if not more, at least for PhD positions. The startup also has "unlimited PTO". 4th year PhD student: $29/hr. Cigna - this is healthcare payor. , 135k if range is 100-200k), and if you're at the upper end of qualifications, the 75th percentile is probably around 50% into the range so target that. Share. It is quite frustrating, however the salaries for senior chemists fluctuates wildly. A couple weeks ago, I made a post on the r/pharmacy career sub about offering people advice on how to get into industry. I would agree with this, but emphasize the skill set. U can do R&D in areas like translational sciences, biomarkers, “basic” research, epidemiology. 189,000. As far as how high you can go, a lot of PharmDs at my company are Directors, Sr. The next step is AD and total comp should sit north of 210 for salary + bonus (175+ base imo), not including LTI. ADMIN MOD. 5 weeks Holidays/Vacation, 15% 401k contribution. • 3 yr. Ask all your questions and I’ll answer trying not to dox myself. Location NJ, big pharma. They also allow you to work remotely. I worked at big pharma for 20 years, survived 3 rounds of layoffs, but then didn’t. Median is probably about 35% into the range (e. Know when to jump ship and when to hold on. Sounds like youre bored and want to grow. Paying well is one way to lure job seekers in and keep existing talent happy, in biopharma and beyond. The stem cell explosion that you reference is still very new (you are still talking about less than 10 years of the explosion of research). A pharma VP is a steady path to fatFI but less likely it comes early. There are probably pharmacists who are business owners who make that much, but there are no pharmacist jobs that pay 400K/year. Millipore is a very solid employer as well. Big pharma has better job security. Reply reply Alway tell people the culture at big pharma is best when you find the right direct team/group/manager. 5yrs ago, after finishing my post-doc. Career Advice. In biotech/pharma, $100M in funding doesn't truly get you that far, unless you have flawless execution from discovery through all phases of clinical development and scale up. bug pharma company salary rankings Hi all, I have 10 years pharma experience mainly in small company analytical scientist and r&d roles,plus a little QC experience in takeda, which I did not enjoy. . Sorry TLDR, take the big pharma job and use the extra cash to do the things that make you happy away from work. Pfizer Senior Scientist $128,000 Associate Principal Scientist $160,000 Principal Scientist $205,000 Director $392,000. Just get the experience, then start applying like crazy to anything and everything. [deleted] •• Edited. Age: 33 Education: Masters Work experience : 10 Civil status: Married, no income partner Dependent people/children: 1 (partner) 2. Growth in my area seems abysmally slow and salary increases are not as good as expected (not for having a family in the Boston area). true. Clin specs: no weekends, normal 7-3 Staff pharmacist: one weekend Q6 weeks. ) in Switzerland? Could you share what is typically the salary for that position, as I am applying for some positions? Will need it during salary negotiation. Summer of 2020 made 39. Averaging like 4k in RSUs each year. My first MSL offer 2 years ago was a laughable $145k at a large pharma company. Next it can be a call or zoom with the hiring manager. I love the topic but I'm extremely frustated with the fact that I'm isolated, get not much support and opportunities and the salary is very low compared to all my colleagues in other positions (bench scientists, technicians). $120k Base, ~17-19% Cash bonus, 10k worth of RSUs/year (4 year vesting schedule), 10% 401k match, 2 company shutdowns, 1 week each (Summer and Winter Good Ol’ Days in CR when we were treated like professionals and CEOs didn’t make 400x the median salary: How hard it is depends on what skills you have to sell, how connected you are, and how good you are at building the connections you need to get your resume in front of the hiring manager. I got 3. I'm a pharmacoepidemiologist working in the field of RWE. 7 years of experience (2 years Academia, 5 years Biotech) BS, Biology with an emphasis in Molecular and Cell Bio. I 100% agree with this guy, the people with the largest salary jumps have all been the people who have willing to "take risks" and job hop. I was negotiating about 160k but was not able to. Clinical trial manager: $115,950. I have several friends who have worked at the USPTO. 45 min. Update: thanks everyone for your great feedback, I want to quickly summarize the numbers I have thus far. 150+ is very doable, especially in a HCOL area. I work in pharma and salaries are quite a big secret but from what I could still hear: 120-130 seems about right for an experienced employee with some projects responsibilities. What other careers can I pivot into from Big Pharma? Experienced Career Advice. " Tool development is central to some bioinformatics jobs in pharma, but unless I'm quite mistaken most of the jobs are data analysis. Offered a role at a big pharma company, home country, but similar salary Quite recently been offered a role back at my home country, Spain. L/M-COL. I did!! I love it, I was laid off from 2 big cushy pharma jobs and then went small clinical start ups. Amgen/biogen - biotech. Posted by u/420_Escanor - 5 votes and 4 comments Hello all, So I just got contacted by a recruiter for a year-long contract chemist position at a pharma giant in Sacramento. I started off as a temp for $11/hour, then after 8 mobths got hired on at $22/hour, after about 2 years I make $30/hour. 150-190 would be more advanced position like a manager for exemple. VisualAd913. I worked at a crappy academic lab for two years $32k, then two two-year contract jobs $45k and $70k. 6% 401k match. Georgayyy. Company as whole can always drag and be lame, but if you’re cool with the team and they have a good culture, you’re gravy. Medtronic - vandy is a target school. The stereotypes are the followings: The science is slow and you are always bogged down by bureaucratic processes. The job honestly depends on the institution and how they organize themselves. Salary: $42. At a top firm in a major market (think SF/SV, Boston, DC) 150 is the absolute floor for your experience and I’d personally expect closer to 160-170 for your experience. We were all masters students. fatmalakas. That's about the senior manager level for Boston (~7+ YoE or equivalent) salary, then you'd be looking at maybe 8-10% bonus + LTI. You are probably looking at total compensation instead of salary. Starting salary 4ish years ago was $77K, I'm a hair under 100K now, all before bonuses. The descriptions of the positions may vary for each company but The compensation below represents TC: (base + bonus + RSU) senior scientist: 130k. I agree with gyffin. • 10 yr. 4 billion dollars to get this far with a drug. Work in manufacturing for a big pharma in the midwest. The science is not exciting, because cutting-edge science is typically done in small biotech For example R&D positions in big pharma (Novartis, Pfizer, Sanofi, BMS, Merck, Vertex, etc) or larger biotech companies in the Boston area. A job at a bigger Pharma will pay more for sure. The networking at a big company will help for sure. 13% increase effective April 1st. 5 years industry and 2. Big law is a very broad term and comp can vary significantly based on geography and whether the firm is one of the top patent firms. Public, Large Biopharma. The new company is also a much farther commute - 15 min vs. Medicinal chemistry is a bit saturated by the big companies, so a few make 500k+ whilst the rest do 100k+ and some even less than that. Not biotech per se (although I'm heavily involved with biotech companies with my role), but excellent benefits 15 days vacation (+5 after 5 yr and +additional 5 after 10yr) with 4-6 floating holidays as well as other typically recognized holidays. They have tons of differnt mba roles. I just feel really confused, and I would appreciate hearing your thoughts. gov occupational outlook estimates bear this out with an estimated 200k, 300k jobs for ME and EE jobs compared to ~22k chemE jobs. High performer. 4. Fifth graders not making a lot of donations to their reelection fund. Our rebate would actually make the cost $50/month for self-pay and $17/month for insured. 5/hr (might be a little less due to fiddling with CoL adjustment but my boss is trying to get me a mid-year raise). Sector/Industry: Big pharma Amount of employees: 30,000 Multinational? Merck Senior Scientist $155,000 Associate Principal Scientist $180,000 Principal Scientist $189,000 Director $339,000. The expression has value to people who do not want to call out a particular A cancer drug created by chinese researchers has been approved by the FDA. We get annual raises, usually exceeding inflation (all bets are off with last year's inflation though), promotions come with raises and higher bonuses too. What would the most viable area be for Worked at Novartis Gene Therapies, so salaries may be different. Before year end they gave me a $10k raise in salary. It's easy on job boards at your current company or really anywhere else to search for "PharmD" and try to parse out a role that would fit your interests. First one was almost all long term employees, likely targeting reducing pension costs. Look for new opportunities. If you get a higher role and salary increase (>30%) and you had wanted to relocate to that area anyway, it might be fine given the early stage of your career, assuming you return to big pharma within 1-2 years. I work for Pfizer and I love it. This was 2021, and I recall the following salaries: 3rd year undergrad: $25 or $26/hr (I had experience so I got $26). Reply. 3. 2022 Base: $165k. It was a HUGE success and my DMs were getting flooded left and right. Your total comp will likely be around the $350k-$400k range. ago. "BMS uses a market-based approach for establishing I work in the system/software Pharma space at the AD level in a HCOL area and telling you what I make won't be at all helpful. There is no way any person in the industry can justify the massive price hike. For example, in 2-3 years, I want to be leading a small team of research associates developing bioassays. 2. 5% base metric; didn’t hit targeted bonus at big pharma. Biotech starting salary is typically between 55K-65K (not the salary you went into chemical engineering for). For this salary itself could be 200-240 range The bonus % is set per level as are the LTI, pension etc So you can negotiate on salary, signing bonus but really little else I 100% agree with this guy, the people with the largest salary jumps have all been the people who have willing to "take risks" and job hop. 5% 401K contribution match and medical/dental/vision coverage and commute cost coverage. 2) One of our new drugs is very expensive for its class, about $150 a bottle. $130k-$330k TC should cover the range sufficiently. I’m feeling a little bummed about my decision. Inpatient jobs. Here are some examples of companies that hire Vanderbilt students: Davita redwoods - this is healthcare admin. My husband works in biotech and I know their regular PMs are $100-125k typically. It takes years to get a drug to market. There is a huge difference in doing phase 1, phase 2, phase 3, or pharmacovigilance, pre-IPO, midsize, big pharma. April 2022: landed as a Global Director in Medical Affairs with a base in $230-245k range, with $90-110k sign on and with targeted 25% annual bonus and $25% RSU. HCOL in Cali, no residency. Life cycle leader: $146,469. A Redditor's Guide to Industry. In the 8 years since PhD I have applied to 1000s of jobs at big pharma and only gotten 3 interviews (1 at amgen, 1 at merck, 1 at pfizer). Perks: $5k relocation stipend for everyone. Directors and VPs, the latter two make at least 200k+ and this is excluding stock options. But you'll get a much wider range of experience at a start up. 17 votes, 46 comments. 9% - median was 4 149% of bonus target ( salary x 20% x 1. 5x pay above 40 hours, 2x above 60. In China 1 vial costs 280 $ USD. Reply reply More replies Edit: Just want to say that by "lower" I mean for an area with high cost of living, salary for big tech is around 150k+ range with equity and for big pharma it's 120k+ range with equity. More replies More replies. This is an insult to people who just want to live, get their lives back and move on. • 8 yr. Generally speaking (in the US) - this is probably in the 200-300k range with benefits. If you love patient interaction, this is obviously a con. Be careful what you wish for. I worked at manufacturing last far from HQ, so self contained. Next it can be with the VP or hiring managers manager, followed by 3-4 with other team members. UNC probably makes most sense. Level: Exec in charge of all projects / any activity that results in revenue (non Business Development) Years at firm: 10 (7 years at a Big 4, 17 years total) 2021 Base: $105k. There are like +500 pharma/biotech companies in 2 miles around Cambridge and that doesn't even include all of the ones in the commuting suburbs (Billerica, Waltham, Framingham, Watertown, etc); people job hop ALL the time in the area. Get the Reddit app Scan this QR code to download the app now Was a big pharma postdoc in San Diego before the inflation adjustments and salaries were fixed and A REAL example of a couple of our rebates would be: 1) Medication "T" would be $100/month for self-pay patients or $50/month for insured patients. BigPharma, BigOil, Big____, is a catchall expression for describing the biggest players in an industry, companies the control the lion's share of whatever market they operate in. 2021 All-in: $108k. On the other hand, a pharma VP might become C-suite at a biotech. Remarkably, it now surpasses the market caps of other major pharma companies like Abbvie, Merck, Pfizer, Novartis, and BMS. I have been working in pharma with almost 3 years experience. A Republican law has slashed the average tax rates of big pharmaceutical companies by more than 40% since it was enacted in 2017, Senate Finance Committee Democrats said in a report Thursday. Yes, 100% we favor other big pharma experience, especially for more senior positions. ~95k base with 11% bonus. These are the jobs in sales and marketing, including operations and analytics. Finally I got a permanent salaried job in 2016, making $75k, and had a little more salary growth since then. A scientist position in pharma in SF should be $110-130k annual plus bonus and benefits. After all that it can take 4-6 weeks to even hear back. Reply reply. IME a "computational biologist" is just closer to a "biologist who's good with computers" where bioinformatics is "computer programmer/data analyst who's good with biology. USPTO salaries are publicly available and start around $60,000 I believe. It usually goes something like: first connect is a call with a talent acquisition person. Essentially the revenue producing type jobs, which at most pharma companies ultimately culminate in a business unit leader that is responsible for the P&L At my Fortune 100 pharma company, most in-house attorneys start around 175k plus another 50-75k in bonus/RSU. Got into specialty pharma sales last year with no prior pharma experience, started at $60k salary and did about $36k in commission. r/PharmaEire. Many of them 30+ year employees. The pay will depend on how in demand your skill set is and the size and stage of the company. Graduated 2022, 4 months as rph in retail for $68/hr, then 3 months doing government contract work for $55/hr for the experience. If you stay the course in big tech and hop companies every ~4 years when your starting grants finish vesting, 450-500k TC is absolutely achievable with 7-8 years of experience (assuming tech salaries don't collapse in the short term). Other bit of advice is be geographically flexible. PharmD, did a 1 year internship at big pharma on the west coast, $50/hour. In total, these trials take anywhere from 5 to 8 years to complete, and generally you lose a few chemicals at each point, to the point where, if you're lucky, you've got 1 that makes it to market. sillywilly007. I understand that big pharma often offers above average salaries, and I work with some people who clearly like parts of their job. I would say no. A couple of months ago another company recruited me and started me at $95k base. Now starting a full time inpatient role for $83/hr. TL;DR read this guide if you’re trying to break into industry either as a student or as a professional. 5 years postdoc experience. BLS. I'm a chemical engineer living in Boston and I'm familiar the biotech/pharma industry in the area. I'm now waking up at 4am to earn a poverty level salary, have been through 2 or 3 restructuring messes (because they can't stop hemorrhaging employees due to how bad things are), and I dread every day. You are also looking at stock options/ RSUs and a bonus. Anyone here works as Senior Scientist or Principal Scientist for big or middle size pharma industry (roche, takeda, novartis, JJ, CSL, etc. pharmdthrowaway1. The recruiter is willing to pay me $25/hour for this entry-level contract-position without any benefits. First thing I would do, make a career plan. Be confident and ask questions. Also, Director level and above is a lot of stress. I don't know anyone making less than $100k after a two year fellowship, certainly nowhere near $80k. Find out what the min/max of salary range is. NE @AMC, major city in the PA, NJ, NY area. I got what I thought was going to be my "dream job" around 10 months ago in DS Production. 1. From Glassdoor data, it looks like the base salaries in those companies are not that different from startups. It doesn't work that way. The pharma payout for equity only comes with time because M&A unlikely. I am working as a Senior Scientist at a big pharma and currently getting ~150k and 15% annual bonus. The hardest part is probably getting your application to initial interviews. I's not what I hoped it would be and I want to pivot into something else. Having said all that, a job that keeps your interest is makes your life far more bearable than a job where you are bored before you even get there, or one that you dread going back to even as you leave for the I was considering a salary range of 95k to 105K, but based on some reviews for the same positions at the company, salary is more in the 100K range for specifically Research Scientist I position with the biotech where the equivalent for Senior Scientist is also 100k for pharma and the national average being 96K. Best choice ever- even better perks, super laid back/flexible, great way to learn and become friends with folks outside your department, great salary, and easy to move up. You can find positions in the RWE space by searching for "associate director of real world evidence" or "associate director, pharmacoepidemiology" although I've seen job titles as "data scientist" as well. associate principal scientist: 160k. Granted, this represents a huge swath of experience levels including Sr MSLs, and a wide variety of geographic locations which can make a big difference. Through school and college the industry was cited as having good wages and stability but to date this is not at all reflected in what I see. Generally speaking, it costs about 0. associate director: ? Then I would pick #2. All initial interviews went well (at least from what I could tell) but still ended up with the same generic rejection email. Really depends on how badly you want to get a PhD or do bench work. 10K in tuition assistance, plus 4. Sincerely yours, director level big pharma. Even companies that are public with a ~$500M market cap are considered startups until they have or are close to having a commercial product. Big Pharma R&D salary: from senior scientist to director. Among my colleagues, there is always a bias toward working as an R&D scientist in big pharma (Pfizer, Novartis, BMS, Merck, Sanofi, etc). EMPLOYER PROFILE. BigPharma could describe Pfizer, Bristol Myer Squibb, or any other pharmaceutical firm. Plus none of that corporate business bullshit. 95% in big pharma. Oncology MSL, US. A little context: I'm an international student and rising senior in undergrad in the US, and I'm majoring in Psychology Aug 23, 2021 · Clinical data manager: $130,000 to $240,000. Biotech startup’s compensation may be better, but no one knows if it’s gonna go bust or thrive in the coming years. I've noticed that this company's market cap has been skyrocketing lately – it's grown about 3x or 4x compared to just 3-4 years ago. You spend your time doing a variety of tasks ranging from the boring to the intellectually stimulating. You can also do marketing, access, commercial. However, in material chemistry, it is easy to reach 200k+ within your first 10 years on the job. Getting contributions towards a pension Anything over 3% is above average but no company matches inflation at the rate we are seeing now. Company seems legit although interview went super fast and not even a minimal technical round. They say the work can be monotonous and difficult at first, but if you make it a career long term it gets easier and salaries can go up to $140,000, but they have a high turn over rate. I work in Pharma and have an Associates in Biotechnology. It’s all about risk/reward. Options and rsu's, could be worth nothing, could be worth big bucks. My offer is for a manager position out of school at $105k. •. Title: Data scientist (finance at big pharma) YOE: 4 after dual masters in engineering and life science Salary: 234k (170 base, 20k RSU, 27k bonus, 17k 401k match) Not sure about regulatory and med affairs but I've heard as low as 80k. Job hop. RepulsiveComedian136. Feeding the knowledge base with my salary. Offer 2: a small AI group within a big pharma company, ~25% less salary than first offer I feel like I will have opportunity to do more R&D type work in the pharma place as they are a small group that has just started exploring use of AI and ML in various pharmaceutical problems. You will need to be much more specific on this, not all reddit lives where you live or work in the same exact industry. 49) Rsu - target x 125%. • 7 mo. Can confirm that it is easy to transition to jobs from CRO to big pharma. Wages could not afford a worker a modest life above extreme frugality in curious about Big pharma . Pay prospects: very specialty dependent. Sure, pharma is about money. Almost 5 YOE. GC can make 250k base (depending on division) with 150-200k in bonus/RSU. If you can absorb the pay cut for 6-12 months, take it and start immediately applying for other jobs. I have 3. Every compound made in big pharma these days for anything is screened for EVERYTHING else. Biotech has a lot of stock risk/reward. Salary information would be helpful , i live in bethseda, MD, thanks guys The official Python community for Reddit! Stay up to date Our clin spec make 120-138k (n=15) all with atleast a PGY1, experience ranges (2-16yrs) Our overnights make 158-162k (n=6) PRN rate was $64/hr. EDIT: Find a director level or above person. I would say too big Pharma can have have a lot of avenues for job training, reimbursements for going back to school and you can network within the company for new career paths. Fuqua HSM - We have students from other schools take classes in our program to learn about pharma and healthcare. I work as a med chemist at a big pharma in the NJ/PA area, masters in organic chem. There is always another SaaS company on Series C that has a huge budget to hire a bunch of reps. Start applying after 1 year and jump ship, your new job will be at least 150k. Personally, I don't like my job, and there are multiple aspects of big pharma that I seriously resent. As you say, the difference is quite blurry. How big the salary at Eli Lilly is these days. Big Pharma was great for me to establish experience, get familiar with GLP in a GMP environment, hone my lab skills and the basics (for example, writing SOPs). Currently work at a big pharma company in corporate on a brand team in marketing, experience in HCP & HCC with an MBA and 2 years of experience post MBA. Max annual salary for pharmacists is realistically in the range of 140 - 150K. The jobs vary quite a bit. You'll get more money in big Pharma compared to biotech. MillennialPharmD. My friend went from $60k to $125k in 4 years, switching jobs 4 times and getting a 20% raise each time. We usually hire people with 3-5 years of law firm experience or lateral moves from other pharma companies. 9-1. If you get into a good biotech or pharma company, you can expect to advance and increase your earnings. 75 an hour as an intern at Merck, my friends doing internships at Pfizer were making 40 an hour. Regulatory senior manager: $135,000. principal scientist: 180k. ux zz ub ba vr ln ye cs gl on