The pharmaceutical industry is listed as one of the largest industries with high salaries. It is known for its expertise in creating medicines for residents and bringing out the latest medical study to create modern medicine. Following that, the industry has several well-paying employment positions that you might find interesting to pursue.
And below, we will be discussing each of them in detail. Start reading.
Here’s The Number Of Jobs Available In The Pharmaceutical Industry:
According to the Bureau of Labor Statistics (BLS), the pharmaceutical industry will increase by 2% through 2031, and at the same time, there is a chance of a 17% boost in medical scientist jobs. Talking about the past year – as of 2021, the industry employed around 267,000. And between 2019 to 2029, there is a high chance that the pharmaceutical and medicine manufacturing sector will grow by 19%.
How Much Can You Make?
It is said that around last year, the industry accumulated around $74,560 for just manufacturing. This made the realm of the United States go above the average $58,260 yearly pay for all occupations.
And after looking at the stats, many organizations in the pharmaceutical industry have listed yearly salaries of $35,250 – which can go up to $82,510 in the upcoming months.
Which Fields Are Healthy In The Terms Of Earnings?
If talking about the major seats, a normal employee working in the pharmaceutical industry can accumulate $100,000. On the other hand, the average base salary for a pharmaceutical scientist is $170,000 (yearly), which will reach $206,000.
Moving on, if you are planning to become a pharmacist, your annual salary is going to be around $125,690. Senior executives are making $1 million, and trainees will be making a few hundred dollars.
What Are The Different Careers You Can Work In?
Below are the different careers you can try:
- Clinical research manager
- Project manager
- Manufacturing manager
- Quality manager
- Contract manager
- Supply chain director
- Regulatory affairs officer
What Are The Entry Level Careers In Major Pharmaceuticals?
These are the entry-level careers in Major Pharmaceutical:
- Junior sales representative
- Junior account manager
- R&D associate
- Associate chemist
- Lab Assistant
- Pharmacy technician
- Associate scientist
- Supply chain associate
- Junior financial analyst
Skills You Need To Have Before Applying:
There are three major skills you need to have before applying to the pharmaceutical industry:
- You Should Have Excellent Communication
- You Should Have Leadership Skills
- You Should Know How To Perform Technical Analysis
The pharmaceutical industry has a lot for everyone! Just pick any field you feel likely to pursue and just go for it. Anyway, we hope this post was informative and helpful for you all. Thanks for reading!