Salary Survey: Is Your Paycheck as Robust as Your Proteins? - BioPharm International's First Salary and Employee Satisfaction Survey - BioPharm International

ADVERTISEMENT

Salary Survey: Is Your Paycheck as Robust as Your Proteins?
BioPharm International's First Salary and Employee Satisfaction Survey


BioPharm International
Volume 20, Issue 1

The majority of European respondents (31%) earn 30,000–50,000 ($39,000–65,000); 27% earn 50,001–69,000 ($65,000–90,000); and 17% earn 10,000 ($13,000) or less. Surprisingly, the same percentage of respondents in Europe—10%—earn more than 70,001($91,000) and less than 30,000 ($39,000).

WHICH JOBS PAY BEST?


Figure 3. Which jobs pay best
According to our survey, the biotechnology jobs that offer the highest compensation are (Figure 3):
  • corporate management
  • consultant
  • computer technology
  • legal
  • plant engineering

DOES GENDER MATTER?

You bet it does. Our US responses reflect a salary gap between men and women Look, for example, at the mean compensation for the positions below:

  • Analytical development or support: male, $68,937; female, $51,000
  • Consultant: male, $104,300; female, $82,500
  • Process development: male, $75,709; female, $72,907.
  • Information management: male, $92,667; female, $75,000;
  • Quality assurance: male, $70,185; female, $57,618


Figure 4. Mean age for salary categories
As you can see, the gap between process development salaries ($2,802) was the least, and between consultants ($21,800) the most. But women seem to enter higher salary brackets at a younger age (Figure 4).

WHAT'S AGE GOT TO DO WITH IT?

The mean age of all survey respondents is 42.8, with 75 as the upper limit, and 25 as the lower. The largest percentage (18.6) of the respondents are between 35 and 39, followed by those between 40 and 44 (16.2%), and between 45 and 49 (15.6%). Next are respondents between 50 and 54 (12.4%); 55 and 59 (6.8%), 60 to 64 (4.6%); and 65 to 69 (1.6).

JOB SATISFACTION

To most people, job satisfaction is the sense of fulfillment derived from one's work. More than 62% of all respondents are satisfied with their jobs; 38% are not satisfied. Eighty-eight percent report feeling well prepared educationally for their jobs, and 90% report that their employment experience has prepared them well. Contributing to job satisfaction are opportunities for professional development. More than 22% of respondents take at least one college course per year, and more than 25% report attending outside training courses or workshops.


blog comments powered by Disqus

ADVERTISEMENT

ADVERTISEMENT

EMA Warns of Falsified Herceptin Vials
April 16, 2014
Mallinckrodt to Acquire Questcor Pharmaceuticals
April 16, 2014
American CryoStem and Rutgers University File Joint Patent on Stem Cell Platform
April 11, 2014
Center for Biologics Evaluation and Research Relocates
April 11, 2014
PhRMA Report Reveals Growth Trajectories and Policy Factors Affecting Biopharmaceutical Growth
April 11, 2014
Author Guidelines
Source: BioPharm International,
Click here