The biotechnology industry is thriving, and hopefully you are too. BioPharm International's first salary and employee satisfaction survey presents a wealth of data that will allow you to compare many aspects of your job with those of your peers. The survey reports on demographics, education, work experience, salary and benefits, and attitudes toward current employment.
The survey was conducted by BioPharm International's market research department in the fall of 2006. It was e-mailed to 8,640 readers around the globe, and generated 498 responses, or 6%. A little more than half of survey participants are from the United States (including Puerto Rico); 18% from Europe (which includes 5% from United Kingdom); 10% from Canada; and 9% from India. A smattering of respondents are from other places around the globe.
When reviewing the data, please be sure to consider how geographic location affects salary and cost of living. Also take into account your years of experience, job function, and education. Please note that percentages may not add up to 100% due to rounding.
THE BIG PICTURE
Forty percent of respondents work in publicly traded companies, while 38% work in privately held firms. Slightly over 13% hold jobs in academic institutions, and 2.4% are self-employed. Respondents work in biopharmaceutcial manufacturing, small molecule pharmaceuticals with a biotech focus, and research institutes, among other venues.
More men than women responded to our survey: 70% versus 30%. Not suprisingly, the workforce is highly educated, with more than 34% of respondents holding doctorate degrees (PhD, MD, PharmD), a quarter holding master's degrees, and 29% bachelor's degrees.
WHAT THEY DO, AND HOW MANY DO IT
Survey respondents range from research scientists and laboratory technicians to design engineers and purchasing professionals. Figure I provides a breakdown of who does what, and how many do it.
Figure 1. Job spectrum of survey respondents
WHO EARNS WHAT
According to the survey, the mean salary for all US respondents is $71,874; for all European respondents, it is 44,407 ($57,729)—about 20% less (Figure 2).
Figure 2. Mean annual salary of respondents
In the US, the bulk of our respondents earn between $50,000 and $100,000; 18% earn between $25,000 and $50,000; and 17% earn more than $100,000. Surprisingly, nearly 20% earn less than $25,000.