Advancing Your Career in The Biotechnology Industry: A Guide To What You Should Know

Download as pdf or txt
Download as pdf or txt
You are on page 1of 31

A Guide to What You Should Know:

Advancing Your
Career in the
Biotechnology
Industry
The biotechnology industry is diverse, growing,
and filled with opportunity. Over the last few
decades, the industry has produced innovative
technologies that have transformed the lives
of millions around the globe. Today, continued
advances in areas like gene therapy, regenerative
medicine, and DNA sequencing promise to result
in more effective, individualized healthcare and
preventive medicine for years to come.

Expected to reach $727 billion by 2025, the


industry’s unparalleled growth has no end in
sight. Jobs are abundant; in fact, many employers
currently struggle to fill their roles with qualified
candidates. The four biotechnology areas
employers report the most difficulty in finding
qualified candidates—research and development,
regulatory affairs, quality, and clinical research—
are also the top four functional areas in which
biotech organizations plan to expand most in the
coming years.

2
The growing biotech market means more career
opportunities are available, in organizations
ranging from large pharmaceutical operations to
entrepreneurial start-ups. With the rapid pace of
innovation, this also means aspiring professionals need
to have a strong background and up-to-date skill sets in
order to find success in the field.

For those looking to break into or advance in the field,


your time is now. The biotechnology industry is in
immediate need of innovative leaders—professionals
who possess cross-functional expertise, combining the
skills of scientist, business strategist, and public policy
advocate.

Individuals with this combination of advanced scientific


knowledge, soft skills, intellectual flexibility, and global
vision can pursue a career path in an industry poised to
answer today’s most challenging healthcare problems,
while saving lives along the way.

3
What is Biotechnology?

According to Jared Auclair, director of Northeastern


University’s MS in Biotechnology program, biotechnology
is the manipulation of microorganisms to create new
drug and biological products, many of which are used to
help treat and prevent disease.

While bioengineering, biology, and biopharmaceutical


industries all focus on related products and processes,
the biotechnology industry addresses the whole lifecycle
and all related workflows required to get from research
and development to a commercialized biotechnology
product.

According to Auclair, there are several areas of


biotechnology that are shaping the future of science and
medicine. He suggests that those looking to break into
or advance their biotechnology careers should pay close
attention to these industry trends that will continue to
grow. As these and other new specialties emerge, there
will be ample opportunity for success.

4
Current Trends & Areas of
Study in Biotechnology

Molecular Biotechnology
Molecular biology is focused on studying the chemical
structures, function, organization, and processes of
molecules, the most basic unit of living things. The
molecular biology applications in biotechnology today
are revolutionizing the way we think of medicine, notably
impacting scientists’ abilities to identify and treat drug-
resistant diseases.

This area of study is currently at the forefront of


advancements in DNA fingerprinting, adaptive immunity,
gene targeting, gene editing, gene therapy, gene silencing,
RNA interference, and stem cell technology.

Process Development
Process development focuses on the production of drugs
and biopharmaceuticals, from cell culture process to the
purification of biologic molecules. Pulling from theories

5
in engineering and life science, the professionals in this
discipline focus on the scaling of drug compounds to
mass production while remaining compliant with strict
regulatory policies.

Biopharmaceutical Analytical Sciences


This area of study focuses on structures and activities
of biological molecules formed during the production of
biopharmaceuticals, and the impact of these structural
changes on the safety and efficacy of the drugs.

Pharmaceutical Technologies
This discipline focuses on the conversion of purified
proteins to biopharmaceutical drug products that are
compatible for clinical use. This concentration addresses
the design, development, and implementation of the drug
product manufacturing processes.

Scientific Information Management


Scientific information management focuses on the
collection, management, analysis, and visualization of
large amounts of scientific data. This concentration
addresses the issues surrounding big data that face the
industry today.

6
Regulatory Science
This concentration addresses the issues surrounding
current and innovative science practices that influence
regulatory decisions. A key area of development in
the field is biopharmaceutical product regulation and
the industry’s evolving compliance requirements both
domestically and abroad.

Biotechnology Enterprise Management


This area of the field integrates business and
management skills with the science of biotechnology.
Focusing on the fundamental concepts of leadership,
entrepreneurship, innovation, financial decision making,
and marketing—all within the context of developing
biotechnology products—these professionals are the
leaders and managers within the industry.

As biotechnology companies strive for rapid and


continued innovation in each of these areas, demand is
growing for qualified professionals in the field.

7
Biotechnology Market
Outlook

The biotechnology industry is a major economic driver,


generating approximately $140 billion in revenue. The
bioscience industry has also shown impressive strength
and resilience, with employment growth of nearly 10
percent since 2001. What’s more, the economic impact is
well distributed across the country: Since 2012, 35 states
have experienced net job growth in the biosciences.

U.S. biotechnology firms currently employ over 1.66


million people, but with the need for continued
research and rapid innovation, the demand for skilled
professionals will continue to rise. According to the
U.S. Bureau of Labor Statistics, biotechnology jobs
are expected to grow an additional 10 percent by
2026—faster than the national average across all other
occupations.

8
Biotechnology firms also continue to create and sustain
high-wage jobs, with the average annual wage for a U.S.
bioscience worker reaching $94,543 in 2014—nearly 85
percent more than the private sector average of $51,148.

Biotechnology jobs opportunities


are expected to grow 10% by 2026.

(Bureau of Labor Statistics, 2018)

9
Careers in Biotechnology

Many pursuing a degree in biotechnology aspire to


the title of “scientist.” In most cases, a PhD is required;
however, with a professional master’s degree, this career
path is made possible. With this degree, individuals
looking to work in the lab are able to progress from
research associate to scientist, and eventually, to director
level and beyond.

Auclair stresses, however, that working in drug


development for a pharmaceutical or medical device
company is not the only path a biotech professional can
take. For those looking to move “beyond the bench,”
there are many opportunities to make an impact in the
industry. Biotechnology professionals work in many
functional areas, including:

» Research & Development


» Clinical Science
» Operations and Manufacturing

10
» Quality Assurance & Regulatory Affairs
» Government and Policymaking
» Business & Global Leadership
» Product Marketing
» Technology
» Sales and Support
» Strategy & Innovation

Where Can You Work?


Because biotechnology innovations have application
across many industries, professionals have many options
when choosing where to work. Whether you want to work
in a small company that gives you great responsibility
with room to learn and grow, or a large corporation with
well-established processes and procedures, the jobs are
plentiful.

Large hubs of biotechnology research and innovation are


found in the U.S. around:
» Seattle
» San Diego
» North Carolina’s Research Triangle Park
» Philadelphia

11
The majority of biotechnology work, though, is done in
Boston and San Francisco.

San Francisco currently has the highest concentration


of public biotech companies in the U.S., along with the
highest biotech revenues, while Boston is the second
largest biotechnology hub in the U.S.

In fact, the life sciences industry in Massachusetts has


grown at approximately double the rate of the U.S.
economy, and the region’s biotechnology employment
is expected to grow by 22 percent over the next four
years. With over 250 companies in Boston, Cambridge,
and surrounding suburbs, nearly every pharmaceutical
company has a stake in Boston’s biotech network.

Auclair says graduates of Northeastern’s program work at


a variety of organizations across the globe, in academia,
small start-ups, global pharmaceutical corporations,
private organizations, and government agencies. Whether
you earn your Northeastern master’s degree in Boston,
Silicon Valley, or online, you’ll have the chance to join
alumni working at organizations such as Biogen, Pfizer,
Amgen, Takeda, GenTech, Novartis, and Sanofi-Genzyme.

12
Common Job Titles
and Salaries

Here are some of the most in-demand biotechnology


careers in today’s market:

Biomedical Engineer

Biomedical engineers combine Median Pay: $88,040


engineering and biological expertise
Projected Growth
to design solutions to problems
by 2026: 7%
in biology and medicine. With
the goal to improve the quality and effectiveness of
patient healthcare, they design biomedical equipment,
devices, and medical software, such as artificial organs,
prostheses, and diagnostic machines.

13
Biochemist

Biochemists study the chemical Median Pay: $91,190


properties of living things and
Projected Growth
biological processes, such as cell
by 2026: 11%
development, cell growth, heredity,
and disease. They conduct complex research projects and
frequently isolate, analyze, and synthesize proteins, lipids
(fats), DNA, carbohydrates (sugars), and other molecules.
They also research the effects of drugs, hormones, and
nutrients on tissues and biological processes to develop
products and processes that may improve human health.

Medical Scientist

Medical scientists conduct clinical Median Pay: $82,090


research to improve patient health
Projected Growth
by investigating diseases and
by 2026: 13%
prevention methods. They may
also develop and test medical devices. They frequently
prepare and analyze medical samples to investigate the
causes and treatments of toxicity, pathogens, and chronic
diseases. These scientists also help standardize drug
potency, doses, and methods for the mass manufacturing
and distribution of drugs and medicinal compounds.

14
Process Development Scientist

Process development scientists Median Pay: $94,739


oversee the manufacturing process
in an organization’s lab, looking for ways to increase
quality and efficiency. Once a new product has been
developed and approved for manufacturing, these
scientists develop methods to scale production while
adhering to standardized protocols.

Biomanufacturing Specialists

Biomanufacturing specialists use Median Pay: $80,629


tools and methods to guarantee
products meet stringent requirements of purity, safety,
potency and quality throughout the manufacturing
process. Biomanufacturing often involves the large-scale
production of proteins used to treat or cure human
diseases, which requires that these specialists possess
a thorough knowledge of federal, state, and industry
regulatory standards.

15
Biological/Clinical Technician

Also known as medical laboratory Median Pay: $51,770


scientists, biological technicians
Projected Growth
collect samples, perform tests,
by 2026: 13%
and analyze results of body fluids,
tissue, bacteria cultures, and other substances. These
technicians use lab instruments, advanced robotics,
specialized computer software, and automated
equipment to collect, analyze, and model experimental
data.

Microbiologist

Microbiologists study viruses, Median Pay: $69,960


bacteria and the immune system to
Projected Growth
produce biomedical and industrial
by 2026: 8%
products. These professionals
conduct complex research projects and lab experiments
to aid in the diagnosis and treatment of infectious
illnesses.

16
Business Development Manager

Business development managers Median Pay:


provide detailed market analysis $113,769

and competitive intelligence to help


biotechnology companies formulate and execute growth
and investment strategies. They assist in assessing
and pursuing expansion, acquisition, and collaborative
research and partnering opportunities with other
biotechnology institutions to achieve business growth in
line with corporate strategic goals.

Director of Strategy and Commercialization

Biotechnology professionals in Median Pay:


these business-related roles are $124,726

responsible for the development


and execution of the commercialization strategy for
new biotechnology products including launch, market
development, marketing, sales, and logistics, driving
growth and profitability while ensuring compliance with
regulatory and quality requirements.

17
Why Pursue a Master’s
in Biotechnology?

Not only will a master’s degree prepare you to collaborate


and lead in a variety of biotech specialties, but you’ll also
gain the scientific knowledge, technical skill, and strategic
business competencies required to take your career in
any direction. Here are some reasons to start pursuing
your degree today:

Meet Employer Demand


There has been a dramatic increase in the total number
of STEM jobs requiring a master’s degree since 2014.
According to recent research by Burning Glass Labor
Insight, over 50 percent of biotechnology job postings
require (or strongly prefer) graduate-level degrees—a
much higher percentage than the average 22 percent
across other job postings. Earning an MS can help you
meet the demands of your next employer.

18
Stay Competitive with Your Peers
Master’s degree holders in the biotech industry have
doubled since 2010, so although the demand for skilled
workers with advanced degrees has increased, so has
the competition. A master’s degree from Northeastern
will arm you with experiential learning opportunities,
specialized training, and soft skill training to help get your
foot in the door.

Increase Your Salary


Over the course of your lifetime, you’ll earn significantly
more money having earned your master’s degree in
biotechnology. In the biotech industry, masters-level
professionals earn an average 20 percent more annually
than their bachelor’s degree-holding peers.

Increase Your Marketability


Upon earning your master’s degree, you’ll be immediately
able to innovate, lead teams and impact global change,
making you increasingly attractive to employers. And by
learning to effectively market your degree to employers,
you can demonstrate that you have the knowledge and
experience to enter the field or advance your career.

19
With an MS from Northeastern, you’ll have already gained
hands-on experience allowing you to connect theory and
practice, leaving you poised to solve the most pressing
global challenges for your prospective employer’s
organization.

Over 50 percent of biotechnology


job postings require or strongly
prefer graduate-level degrees.

(Burning Glass Labor Insight)

20
Who Should Pursue an
MS in Biotechnology?

An MS in biotechnology may be right for you if:

You’re newly out of school and want to propel your


career. Enrolling in an advanced biotechnology program
will provide you with the science, math, technology, and
business skills to advance and impact change. Some
programs also provide hands-on research or training
opportunities to help you connect the theories you learn
in the classroom to practice in the real-world—a quality
that is highly valued by employers.

Plus, with a professional science master’s degree, you’ll


be prepared to make an impact immediately within
the industry and you can climb the chain of command
without having to get a PhD. For those recent graduates
who don’t want to invest five to eight years doing
research, and instead would prefer to focus on hands-on
experience—this degree is for you.

21
You want to change direction within the field. Whether
you’d like to shift from manufacturing to product
management, or from clinical work into a business role,
an MS in Biotechnology can help you achieve your goals.
A degree program, Auclair says, will get you off the bench
and allow you to explore other roles available to you
in the industry. You’ll learn new skills that will help you
change careers and gain access to industry connections
that can open doors for you in the new sector you aspire
to work in.

You’re trying to break back into the field after taking


some time off. “Even two years off can be a long time
in this field,” Auclair says. “When entering back into the
workforce, it’s important you possess the most relevant
skills and up-to-date techniques.”

Technologies used in the field, such as mass


spectrometry and instrument technology, have evolved
immensely, he says. While you may be able to learn to
operate new machinery, if you don’t receive the theory
and background education, you will not be able to

22
troubleshoot and optimize processes proactively. Going
back to school can help you keep current with these
relevant skills, techniques, and advancements, allowing
you to anticipate trends and lead the charge instead of
following.

You’ve hit a plateau in your career. You can have a


successful career in biotechnology with a bachelor’s
degree; however, if you want to advance to director
levels, you’ll need to pursue an advanced degree, such as
a master’s or PhD. Many people, though, are not willing
to commit to earning a PhD, which requires an enormous
investment of time, money, and energy. Many master’s
degree programs, however, are designed to flex to your
schedule, offering online classroom options that enable
you to learn while continuing to work in the industry.

You’re looking to take on a leadership role. If you’re


looking to climb the career ladder, Auclair says, earning
an advanced degree is one way to help you get there.

23
“Earning a master’s degree in biotechnology sets up
students to be leaders in the field. You’ll gain the
experience of executing high-end experiments, but the
coursework will also ready you to take on leadership roles
that influence scientific strategy and development.”

The best biotechnology programs allow students to


pursue advanced training and excel in science while
simultaneously developing highly valued business skills
without also having to acquire a PhD or MBA. By giving
you the scientific and interpersonal skills necessary to
grow and thrive in a constantly evolving industry, an MS
in Biotechnology can help you advance in or break into an
exciting and impactful career.

And no matter your motivation, enrolling in an advanced


biotechnology program gives you access to a network
of key industry players in government, industry, and
academia that can open the door to career advancement.
In fact, Northeastern’s MS in Biotechnology program has
had a 95 percent employment rate after graduation in
industry or research since 2015.

24
Skills for Success

Although the market outlook is extremely positive and


jobs are abundant, it’s critical that professionals keep
their skills sharp and knowledge up-to-date. The key
to continued success in this industry, Auclair says, is a
combination of specialized scientific knowledge, technical
skills, interpersonal soft skills, and business acumen.

“Biotechnology is a thriving global industry,” Auclair says.


“You must take a holistic approach to prepare yourself for
working in such a competitive, cross-cultural discipline.
Companies are now focused on hiring well-rounded
workers as opposed to merely looking for scientific rigor
and expertise.”

According to a report by MassBioEd, life science


companies are becoming increasingly concerned with
finding individuals who possess not only the technical
knowledge, but the business skills to help implement
strategies, develop industry partnerships, and lead a
product and/or organization to success.

25
Here are Auclair’s strategies for success in the industry:

Sharpen Your Scientific Knowledge &


Technical Expertise
Biotechnological advances happen rapidly. It’s critical for
those who want to remain competitive to have profound
scientific knowledge and meticulous technical skill. Some
of the critical areas of scientific knowledge for those
looking to work in biotechnology include:

» Molecular Biology » Clinical Research


» Cellular Culture and » Lab Research
Biology » Genetics
» Chemical Analysis » Data Management/Data
» Purification Analytics
» Research Methodology » Regulation and Compliance
» Drug Development

Develop Soft Skills & Business Acumen


Auclair also stresses the importance of cultivating
exceptional people skills if you want to grow and advance
in the industry. As important as it is to understand cell
culture, it’s also important to understand how to fit into

26
the company culture at a biotech organization, he says.
Managing projects and personnel in a technology-based
organization can be difficult, as you’re often working with
groups of highly educated, and often very experienced,
people.

Understanding how to navigate these interpersonal


environments becomes key to managing your projects
and your career. According to Burning Glass Labor
Insight, these non-science specific competencies
are considered the most in-demand soft skills by
biotechnology employers:

» Communication » Time Management


» Research » Business Strategy
» Organizational Skills » Project Management
» Detail-Oriented » People Management
» Problem Solving/ » Budget Management
Troubleshooting

While the biotechnology industry is strongly dependent


on the concept that knowledge is shared and ownership
is collective, scientists, Auclair says, can be quirky.

27
And, as you advance in your career and up the chain of
command, he says, work becomes less and less about lab
work, and more about developing and executing strategy.
In this way, business skills and interpersonal effectiveness
become critical.

Build Your Professional Network


Auclair says that another key strategy for success in
the biotechnology industry is establishing a robust
professional network. Although it may seem difficult
to find the time, he says, make it a priority to build
meaningful connections with those around you, including
colleagues, supervisors, advisors, professors, and other
industry professionals.

Auclair suggests joining professional organizations and


attending local industry events to develop your network,
which can also help keep you abreast of the latest
trends and developments in the field. Having a strong
set of professional contacts can open doors to new
opportunities, help you overcome a project roadblock, or
help you transition into a new role, whether in industry or
academia.

28
Noting this shift toward well-rounded, networked
scientists, programs like Northeastern’s Master of Science
in Biotechnology have evolved to provide students
with the tools to meet both the scientific and business
demands employers are seeking. Northeastern’s program
combines advanced interdisciplinary training in biology,
chemistry, technology, engineering, and pharmaceutical
science with professional business skills critical to success
in today’s dynamic workplace. Incorporating real-world,
hands-on training into their coursework, students also
gain access to key industry leaders to set them up for
career success.

Northeastern’s MS in Biotechnology
program has a 95% employment rate
after graduation in industry or research
since 2015. 29
An Insider Perspective

Here’s advice from industry insiders about how an MS in


biotechnology can help advance your career:

“ Stacy Simon, MS Biotechnology ‘18

Having professors that are working technology professionals


is a huge advantage—I gained skills immediately relevant to
my job in the biotechnology sector. And the flexible schedule
of the MS in Biotechnology program enabled me to gain
industry-applicable skills while still working full-time.

“ Dr. Stephen Hatfield, Associate Professor of Biotechnology and


Principal Research Scientist at the New England Inflammation
and Tissue Protection Institute
Northeastern has established an excellent research community
with faculty members that are happy to lend advice, share
expertise, and train students to become successful researchers
in the lab. Taking advantage of these resources and
opportunities is a great way to expand your research
interests, expertise, and scientific network.

30
Are You Ready to Advance
Your Career in the
Biotechnology Industry?

To learn more about the Northeastern experience,


including the Master in Biotechnology program,
visit northeastern.edu/graduate or connect with
our team to receive personalized advice.

Boston | Charlotte | Seattle | Silicon Valley | Toronto | Online

31

You might also like