While last year might have been a bit on the rocky side for the biotechnology industry, many companies are starting to find their footing again in 2023. The demand for biofuels is expected to rise over the next several years and as such, there will be many new opportunities and avenues for employment. Here are some of the highest-paying jobs in biotechnology.
Not to be confused with project managers, these professionals are responsible for identifying new opportunities, analyzing and assessing product performance, and aiding in devising plans with regards to product line rollout and maintenance. Product strategists also review customer feedback and find innovative ways to improve existing products, often working closely with Product Managers.
In the context of biotechnology, you’ll be working with products such as pharmaceuticals, biofuels, food ingredients, and vitamins and supplements, among many others. A bachelor’s degree in market research or a related filed will get you in the door; however, knowledge of tools such as Google Analytics and UserTesting might also be necessary. As a product strategist, you can expect to earn up to $160,000 per year.
If you’re into studying large data sets and solving problems, then this role might be a good fit for you. Biostatisticians use data gathered from analyzing genetic information in order to determine the causes of any number of diseases, including cancer. They also design new drugs to be used in clinical trials, while studying the efficacy of various treatments.
For those interested in a career as a biostatistician, start with a bachelor’s degree in mathematics or a similar field, then go for a master’s degree in public health, biostatistics (where available) or epidemiology. If you want to get into a leadership role you’ll likely need to have a PhD. Thankfully, this job is rather high-paying and biostatisticians make an average of $130,000 per year.
Clinical Research Manager
A clinical research manager is responsible for maintaining the ethics and legality of practices relating to new medications and other types of treatment. Here, a clinical research manager will oversee clinical trials while testing the safety and efficacy of pharmaceutical treatments and medical devices. Often, these professionals manage their own team of researchers and ensure that new treatments adhere to government standards and regulations.
Clinical research managers possess strong technical skills, and are effective communicators. Certain employers will accept a bachelor’s degree in biology, life sciences, or a related field; however, more options may become available to you with a master’s degree. The average salary of a clinical research manager is around $96,000 per year.
Process Development Scientist
As a process development scientist, you’ll be involved in the design, development, and manufacture of various medical treatment products. Process development scientists are also responsible for the sourcing of required materials, cost analysis, and the development of new and innovative processes. Often, these professionals work closely with chemists in a laboratory setting.
Those with strong analytical and investigative skills make great process development scientists. To become a process development scientist, you’ll need to get your hands on a bachelor’s degree in biology, engineering, or a related field. It’s worth mentioning that similar to other entries on this list, a master’s degree will provide you with more opportunities and a higher salary. In this role, you can expect to make around $90,000 a year.
Biotech consultants are responsible for maintaining a high degree of knowledge of emerging treatments and products in the biotech industry. As such, biotech firms often hire these consultants when they need assistance relating to product development, budget and financial analyses, and the improvement of processes, among other aspects of the business.
The minimum requirement for this role is a bachelor’s degree in computer science, life science, business analysis, or a related field; however, as you navigate your studies keep in mind that many employers want to see a master’s degree or at least some additional certifications in this field. As a biotech consultant, you can expect to make up to $75,000 per year.
Biotechnology is an important component to the field of medicine, and also has applications in a number of other areas such as the agricultural and environmental industries. Those who work in the biotechnology industry often have rewarding careers contributing to the development of treatments and other products that can be used to cure illnesses and improve people’s lives, all while earning a nice salary.