BIOTECH Careers EXPLAINED: 10 HIGH $$ Jobs to explore 🌱

ricezhangg 🌸
24 Jun 202307:19
EducationalLearning
32 Likes 10 Comments

TLDRRose shares her journey of leaving pre-med to explore alternative careers in the life science industry, highlighting three main sectors: industry, consulting, and healthcare. She discusses the pharmaceutical industry's commercial process, entry-level job opportunities like clinical research associate (CRA), and the potential growth in biotechnology with emerging trends like AI and personalized medicine. Rose emphasizes the vast opportunities in the field and encourages viewers to consider their interests and lifestyle preferences when choosing a career path.

Takeaways
  • 🌟 Life science offers diverse career paths beyond being a doctor, including industry, consulting, and healthcare roles.
  • 🔬 Industry jobs in life sciences encompass pharmaceuticals, medical devices, and contract research organizations (CROs and CDMOs).
  • 💼 Consulting in life sciences can be pursued with large firms like BCG, McKinsey, Deloitte, or boutique firms specializing in the sector.
  • 🧪 Early-stage pharmaceutical jobs involve drug discovery and synthesis, offering opportunities for those interested in lab work.
  • 🏥 Clinical trial roles, such as Clinical Research Associate (CRA), involve managing trials and interacting with patients or physicians.
  • 📝 Regulatory affairs and quality assurance are crucial parts of the industry, focusing on legal and compliance aspects.
  • 📈 Commercial roles in pharma include marketing, sales, business development, and project management, offering entry points for various career paths.
  • 🚀 The biotechnology industry is projected to grow significantly with a compound annual growth rate of 29% until 2030.
  • 🤖 Emerging trends in life sciences include AI, machine learning, personalized medicine, gene editing technologies like CRISPR, and telemedicine.
  • 🌿 Preventative healthcare is gaining more focus, contributing to the growth and evolution of the life sciences industry.
  • 💡 The industry's vastness presents numerous opportunities for continuous learning and professional development.
Q & A

  • What was the life-altering decision Rose made seven years ago?

    -Rose decided that pursuing a pre-med degree was not for her, despite it being a central part of her life plan to become a doctor.

  • What are the three big umbrellas under which most life science jobs fall?

    -The three big umbrellas are industry (including Pharma, medical device suppliers, and contract organizations), consulting (with options of big firms like BCG, McKinsey, Deloitte, or boutique firms specializing in life sciences), and healthcare.

  • What is the average salary range for a pharmaceutical scientist in California?

    -The average pharmaceutical scientist in California makes between $96,000 and $120,000.

  • What does a Clinical Research Associate (CRA) do?

    -A CRA helps manage clinical trials, which involves slightly more interaction with the healthcare side, including patients and physicians.

  • What is the average salary for a CRA in California?

    -The average salary for a CRA in California is roughly $102,000 per year.

  • What are some roles involved in the regulatory side of the pharmaceutical industry?

    -Roles in the regulatory side include proposal regulatory and legal team members, as well as quality assurance professionals.

  • What entry-level positions in the pharmaceutical industry are easiest to break into?

    -Entry-level positions in marketing, sales, and business development (BD) are often the easiest to break into and can lead to opportunities in other commercial functions as one's career progresses.

  • What are some emerging trends in the life science industry?

    -Emerging trends include increased use of AI and machine learning, personalized medicine, advancements in gene editing technologies like CRISPR, growing adoption of telemedicine, and an increased focus on preventative healthcare.

  • What is the compound annual growth rate (CAGR) of the biotechnology industry?

    -The CAGR of the biotechnology industry is at 29%, indicating aggressive growth expected from now until 2030.

  • How does Rose feel about her current role in commercial operations?

    -Rose loves her role in commercial operations as it combines her passion for science with human interaction, and she is excited about learning more about data analytics tools like SQL.

  • What advice does Rose have for those considering a career in consulting?

    -Rose advises that the barrier to entry is higher at prestigious firms and recommends starting to prepare for case studies early, especially for those not going in straight out of college. She also suggests considering one's desired lifestyle and enjoyment of talking to people and traveling.

Outlines
00:00
🌟 Transition from Pre-Med to Life Sciences Industry

Rose, in her mid-20s, shares her journey of leaving pre-med due to fear and uncertainty, and finding her path in the life sciences industry. She explains the industry's scope, emphasizing that one doesn't need to be a doctor to be involved in science. She categorizes life science jobs into three main sectors: industry (including pharma, medical devices, and contract organizations), consulting (with options between large firms and boutique specialized firms), and healthcare (which she plans to discuss in a future video). Rose provides insights into the consulting field, suggesting preparation for case studies and highlighting potential career paths post-consulting. She then delves into the pharmaceutical industry, discussing the commercial process from drug discovery to marketing, and provides salary information for various roles such as pharmaceutical scientists and clinical research associates (CRAs). Rose also touches on regulatory aspects and commercial functions like marketing and business development, sharing her personal preference for industry over consulting due to her introverted nature.

05:01
🌈 Personal Experiences and Trends in Life Sciences

Rose continues her discussion on the life sciences industry by sharing her personal experiences in the commercial operations side, where she enjoys the blend of science and human interaction. She talks about her love for learning and her interest in data analytics tools like SQL. Rose mentions the biotechnology industry's promising growth rate and expected expansion until 2030. She highlights emerging trends such as AI and machine learning in personalized medicine, gene editing technologies like CRISPR, telemedicine, and a focus on preventative healthcare. Rose acknowledges the vastness of the biotechnology industry and expresses her desire to learn more, inviting others to share their insights. She concludes by reflecting on her recent purchases and personal life, juxtaposing her professional knowledge with her everyday experiences.

Mindmap
Keywords
💡Life Science Industry
The life science industry encompasses the study, research, development, and commercialization of biological systems, organisms, and processes. In the video, the speaker discusses her journey and understanding of this vast field, highlighting the various career paths and opportunities within it, such as pharmaceuticals, biotechnology, and healthcare.
💡Pre-Med
Pre-Med, short for pre-medical studies, is an academic track typically taken by students intending to pursue a career in medicine. The speaker mentions her decision to leave pre-med, indicating a significant change in her career path and her exploration of alternatives to becoming a doctor.
💡Pharmaceutical Industry
The pharmaceutical industry involves the development, production, and marketing of medications or drugs. The video discusses this industry in detail, explaining the commercial process from drug discovery to clinical trials and regulatory approval, and touches on the roles one can pursue within this sector.
💡Clinical Research Associate (CRA)
A Clinical Research Associate (CRA) is a professional responsible for managing clinical trials, ensuring they are conducted ethically, efficiently, and in compliance with regulations. In the context of the video, the speaker mentions CRAs as one of the entry-level jobs in the pharmaceutical industry, highlighting their role in the healthcare side of the field.
💡Consulting
Consulting refers to the practice of providing expert advice and guidance to individuals or organizations to help solve problems or improve performance. The video outlines two routes in consulting: large, well-known firms (e.g., BCG, McKinsey, Deloitte) and boutique firms specializing in life sciences. The speaker shares her perspective on the high barriers to entry and the potential career paths post-consulting.
💡Biotechnology
Biotechnology is the application of biological processes, organisms, or systems to develop or make products that are technically advanced and economically valuable. The speaker mentions the biotechnology industry's growth rate and its promising future, citing emerging trends like AI, personalized medicine, and gene editing as examples of advancements in the field.
💡Data Analytics
Data analytics is the process of examining data sets to draw conclusions about the information they contain. In the video, the speaker expresses her interest in learning more about data analytics tools like SQL, emphasizing their importance in her role in commercial operations within the life science industry.
💡Commercial Operations
Commercial operations refer to the business activities involved in bringing a product or service to market, including marketing, sales, and distribution. The speaker shares her experience in commercial operations, highlighting the human interaction aspect and the potential for learning and growth in this area of the life science industry.
💡Regulatory Affairs
Regulatory affairs involve the knowledge of and compliance with rules and regulations governing the development, approval, and marketing of products, particularly in the pharmaceutical and biotechnology industries. The video mentions the regulatory side of the pharmaceutical industry, where professionals work on legal and regulatory documentation to ensure compliance.
💡Telemedicine
Telemedicine is the delivery of healthcare services through telecommunication technologies, allowing patients to receive medical advice or care remotely. As one of the emerging trends in the life science industry mentioned in the video, telemedicine represents a growing focus on preventative healthcare and the use of technology to enhance patient care.
💡Preventative Healthcare
Preventative healthcare refers to the measures taken to prevent diseases or health conditions before they arise. The video discusses the increased focus on preventative healthcare within the life science industry, emphasizing the importance of early intervention and health promotion strategies.
Highlights

Rose shares her personal journey of leaving pre-med and finding her path in the life science industry

Three main umbrellas of life science jobs: industry, consulting, and healthcare

Consulting in life sciences can be pursued with big firms like BCG or boutique firms specializing in the field

High barrier to entry for consulting roles at top firms unless starting straight out of college

Consultants often transition to industry or venture capital roles after gaining experience

Factors to consider when choosing consulting: enjoyment of interacting with people and willingness to travel

Rose shares her experience going straight into the pharmaceutical industry instead of consulting

Infographic summarizing the commercial process of the pharma industry

Early stages of pharma involve drug discovery and lab work for those interested in science

Clinical research associates (CRAs) manage clinical trials and interact with patients and physicians

Average salary of a pharmaceutical scientist in California is $96k-$120k

Average salary of a CRA in California is around $102k per year

Regulatory and legal teams handle the BLA/NDA process in pharma

Quality assurance is another important function in the regulatory side of the industry

Commercial segment of pharma includes marketing, sales, operations, project management and more

Rose shares her experience in commercial operations and her love for working with data

Biotechnology industry has a compound annual growth rate of 29% and is expected to grow rapidly until 2030

Emerging trends in life sciences include AI, personalized medicine, gene editing, telemedicine and preventive care

High demand for qualified biotech professionals according to the Bureau of Labor Statistics

Rose invites viewers to share their insights and experiences in the vast life sciences industry

Transcripts

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Life ScienceCareer AlternativesPharmaceutical IndustryConsultingHealthcareBiotechnologyJob MarketProfessional DevelopmentIndustry TrendsPersonal Growth