How Many Jobs Are Available in Major Pharmaceutical Companies?
Several jobs are available in major pharmaceutical companies, including drug research, development, and marketing. The pharmaceutical industry is responsible for producing drugs and medical devices and is an influential part of the healthcare industry. It is no wonder that pharmaceuticals are one of the most profitable industries in the world since the demand for drugs, medical supplies, and treatments only continues to rise.
An Overview of the Major Pharmaceutical Job Market
Over the past decades, the pharmaceutical industry has played a significant role in global economic growth. As of 2021, the sector earned approximately 1.42 trillion dollars in revenue, which makes it one of the world’s most lucrative industries. Researchers at pharmaceutical companies develop cutting-edge drugs, medicines, and medical devices to improve the health and well-being of people.
The world’s population is expected to grow in the future, resulting in an increase in pharmaceutical product demand. In the pharma industry, job opportunities are expected to increase in areas like research and development, production, sales, and marketing as a result.
What Jobs are Available in Major Pharmaceutical Companies?
Pharmacist – One of the Available Jobs in Major Pharmaceutical Companies?
Jobs Available: 323,500
Average annual salary: $128,570
A pharmacist is a healthcare professional who prescribes drugs and provides advice about how to use them. The pharmacist is vital to the health care team since he or she ensures that medicines are administered safely and effectively. Pharmacy licenses must be obtained from state boards of pharmacy and a bachelor’s degree in pharmacy is required. During the period 2021-2031, there will be 7,700 job openings in the U.S. with a 2% job outlook.
Jobs Available: 116,800
Average annual salary: $101,437
Researchers are called pharmacologists because they are concerned about how drugs work in the body, how they are absorbed, and how they break down. Scientists perform experiments to determine the effectiveness of a drug, its harmful effects, and how it should be administered. An individual who wants to become a pharmacologist must have a degree in pharmacology. There will be 10,600 job opportunities in the U.S. between 2021 and 2031 due to an 8% increase in employment.
Jobs Available: 8,600
Average annual salary: $78,830
Pharmacoepidemiologists study the effects of drugs on large populations. They investigate how diseases spread and how pharmaceutical products can be used to treat them. The required degree for a pharmacoepidemiologist is a master’s degree in epidemiology, with experience conducting laboratory-based research. During the period 2021 to 2031, 2,200 new jobs will be created in the U.S. The job outlook is 26%.
Jobs Available: 7,700
Average annual salary: $152,000
Analyzing pharmaceutical data and conducting statistical analyses is what pharmacometricians do. Patterns and trends in data guide their research and product development. A Ph.D. in pharmacokinetics is required to be a pharmacometrician, as well as experience analyzing pharmaceutical data. Over the next five years, there will be 2,200 added job opportunities in the United States, which represents job growth of 28%.
Jobs Available: 93,013
Average annual salary: $90,278
During a research and development scientist’s career, she or he performs experiments and creates brand-new drugs in pharmaceutical laboratories. Tests are conducted directly on patients to monitor side effects and determine whether newly developed drugs will work. To become a researcher and develop as a scientist, you must possess a degree in a biomedical or pharmaceutical sciences field. You must also have experience conducting research in a laboratory setting. In the U.S., there will be 7,500 job opportunities between 2021 and 2031 with an employment outlook of 8%.
Jobs Available: 10,453
Average annual salary: $99,160
An individual who conducts clinical research studies on drugs to determine their safety and effectiveness is considered a clinical research scientist. In order to determine whether or not drugs are safe for public use, they perform experiments on patients. An individual wishing to become a clinical research scientist should have a degree in biology or a related field, as well as experience conducting research in a laboratory setting. A 6% job growth rate is expected between 2021 and 2031, resulting in 700 newly created jobs across the country.
Jobs Available: 781,400
Average annual salary: $94,500
Project managers oversee the projects of a company as members of the management team. Their responsibilities include scheduling, organizing, and directing project staff to ensure that projects are completed on time and to the highest standard. Applicants for the position of project manager should have a bachelor’s degree in business management or a related field and prior management experience. It is anticipated that between 2021 and 2031, 56,300 new job opportunities will be created in the United States thanks to 8% job growth.
Jobs Available: 16,395
Average annual salary: $108,766
Researchers who specialize in evaluating the safety of pharmaceutical products and their components are known as drug safety scientists. The purpose of their work is to determine whether drugs and medical devices are safe and effective. To become a drug safety scientist, one must have a degree in biomedical or pharmaceutical sciences and hands-on experience conducting research in a laboratory.
In order to excel in this role, chemists and biologists must possess a deep understanding of chemistry and biology. The U.S. job market is expected to grow by 8% between 2021 and 2031, creating 1,400 jobs.
Jobs Available: 12,000
Average annual salary: $46,974
Quality control specialists are healthcare professionals whose responsibility is to ensure that pharmaceutical products are safe for use by the general public. In order to ensure the effectiveness and safety of drugs, medicines, and medical devices, they conduct tests and experiments. For quality control specialists, a bachelor’s degree in chemistry or another related field is required, as well as experience in a quality control position. There will be 1,200 job opportunities in the United States between 2021 and 2031, which represents a growth rate of 1%.
Jobs Available: 50,300
Average annual salary: $93,842
Healthcare professionals who write articles about pharmaceutical products are called medical writers. Research is summarized and presented in a manner that is easy to understand for the general public. Those seeking a position as a medical writer must possess a bachelor’s degree in biomedical science or a related field along with experience in the healthcare writing field. In the U.S., there will be 4,700 added jobs between 2021 and 2031 due to an 8% increase in employment.
What is the education requirement for jobs in the pharmaceutical industry?
This image is a courtesy of Northeastern University
In general, pharmaceutical companies prefer candidates who have a science background. It is therefore necessary to have a degree in any of the following fields if you are searching for a job in this industry:
- Medical sciences
People who wish to work in the pharmaceutical industry must possess a thorough understanding of these sciences. The completion of a degree in one of these fields is crucial to being competitive in the job market.
Factors Affecting the Availability of Jobs in Major Pharmaceuticals
There are several factors that affect the hiring of pharmaceutical professionals, including economic conditions, the advancement of technology, and changes in regulatory requirements.
In large pharmaceutical companies, employment opportunities are influenced by economic conditions. In times of economic downturn and decreased consumer spending, pharmaceutical companies see their products’ demand drop, which results in job losses.
As technology advances, major pharmaceutical companies face challenges finding qualified candidates for jobs. Technological advancements often replace jobs in the pharmaceutical industry that are currently performed by workers. As an example, laboratory technicians have been replaced by robots as a result of the introduction of robotics.
Changing regulatory landscape
There is often a reduction in the number of jobs available in major pharmaceutical companies due to a changing regulatory landscape. Regulatory changes often result in fewer new products being approved when they change. There is a discrepancy between the standards set by regulatory agencies and the difficulty of meeting regulations.
A major pharmaceutical company’s availability of funding also impacts its employment opportunities. A number of factors have affected the amount of funding available for research and development over the past few years. It is more difficult to initiate projects when there is a reduction, and it is more difficult to get jobs when there is a reduction.
How to Get a Job in Major Pharmaceuticals
Obtain the necessary education
Pharmacologist, pharmacologist, scientist, or biochemist are the most common jobs in the pharmaceutical industry, which usually require a bachelor’s degree or higher in a science-related field. You’ll learn the skills you need to succeed in these fields and prepare yourself for the rigors of the job. For those interested in management, a graduate degree in a related field or an MBA may be worth considering. There are some positions that require certification or licenses.
Obtain your license and certification
It depends on the type of job you’re seeking whether you need a certification or a license. As an example, in order to work as a pharmacist, you need to get your license and become certified. It is not necessary to have a license for other occupations, such as pharmaceutical sales representatives.
Get a clear understanding of the job market
You should research the job market and what employers are seeking before applying for positions and interviewing. As a result, you will be able to tailor your resume and cover letter to each employer and make yourself an attractive candidate.
A well-rounded skill set can make you more attractive to hiring managers, depending on the field you want to break into. Consider, for example, breaking into pharmaceutical sales. Your ability to converse with potential customers and show your product knowledge would be very valuable in that case. Taking courses or shadowing employees in the field may help you enhance your skills and make yourself more appealing to employers.
Engage in networking.
It’s an excellent way to meet people in the industry and let them know you’re seeking a job, even though not everyone gets a job through networking. Your network can also help you reach hiring managers and demonstrate your interest in and qualification for the job. To help you meet the right people, you should also participate in networking groups.
Make a research on job openings
As soon as you have gained a complete understanding of the job market and have honed your skills, you can begin searching for job openings and contacting employers. You can start by looking for jobs on job boards and then contacting employers to let them know you are interested in a job.
You should note the necessary skills and expertise for the job opening, your education and experience, the salary range, and the location of the job opening. This is when researching job openings.
Ensure you submit your resume and cover letter
If you are applying for a job, you will need to submit your resume and cover letter. This is your chance to introduce yourself to the hiring manager and help you land an interview. You should write a professional resume that is concise, relevant, and written specifically for the job you are seeking.
Make preparations for interviews
If you are applying for a job, be sure to find as much information as you can about the company and the position before you enter the interview. Start by visiting their website and following them on social media. Using Google, you can also find more about the company and the industry.
Follow the steps outlined below in preparation for interviews:
Memorize Interview Questions: Use online samples of interview questions to practice and ensure you’re prepared.
Be Informed of Your Strengths and Weaknesses: Think about your strengths and weaknesses before your interview, so you’ll be prepared for the interviewer’s questions.
Be Informed of Your Priorities: By understanding your priorities, you’ll be able to stay focused during the interview process and know what to emphasize.
Getting the job
You have finally landed a job after all this time and effort. What’s next? The moment you start your first job, make sure you establish a positive impression. Learn as much as you can about the company, your role, and the processes before your first day to demonstrate your commitment and capability. By doing so, you will ensure that you make a positive impression on the potential employer and that you transition smoothly into the newly-created role.
Skills Needed to Get a Job in Major Pharmaceuticals
Having knowledge of the industry
A thorough understanding of the pharmaceutical industry is necessary to work in major pharmaceutical companies. In order to distinguish between the various stages of production, you must understand them. It may also be necessary for you to have a basic understanding of the various types of drugs, treatments, and their manufacturing processes.
Having a comprehensive understanding of regulations and procedures
In order to work in major pharmaceutical companies, it is imperative to be well-versed in the regulations and processes governing the industry. Different countries have different regulations in place to protect people from potential risks and side effects associated with the drugs being manufactured. As well as protecting the brand’s reputation, they also safeguard the company’s reputation.
Development of products
The task of developing brand-new drugs is an exciting one for many people who work for major pharmaceutical companies. In order to do this, it is necessary to understand the entire development process from beginning to end. It will be necessary for you to be aware of the procedures for testing the drugs, the length of time they take, and the results of the tests.
Skills in negotiation
At major pharmaceutical companies, negotiating with suppliers, clients, and co-workers is an essential part of the job description. Suppliers who can supply materials at a reasonable price may be necessary depending on your company’s products. You can negotiate contracts with companies if you would like to sell them your products. It may also be necessary to bargain with clients so that they receive the highest quality products and services.
In addition to having strong negotiation skills, you will also need strong interpersonal skills to work in major pharmaceutical companies. This includes working well with colleagues and clients, communicating effectively, and creating positive relationships with others. You will also interact with people outside the team, including suppliers, clients, and customers.
Skills in leadership
There are some managerial positions in major pharmaceutical companies. Your main responsibility as a leader is to manage the work of other members of your team while they work on projects. Managing work effectively, assigning tasks, and leading your team to success will be essential. In addition, it is very crucial to communicate your vision for the team so that they can be motivated to succeed.
Management of projects
You can manage your project by assigning tasks to your team members, monitoring their progress, and keeping them on track with their milestones. For your success, it will be necessary for you to break down big projects into smaller ones. Additionally, you should create timelines for when these tasks need to be completed. As a result, you will be able to stay organized and troubleshoot if the project deviates from its original path.
Having an understanding of the latest trends
In order to stay up to date with what is happening in the pharmaceutical field, you should follow the latest trends in major pharmaceutical companies. Your manager will appreciate your valuable insight and you will be able to contribute meaningful conversations with your colleagues.
Your company will also benefit from knowing the latest trends as you can develop creative project ideas and identify areas where improvement is needed. In addition to following industry publications, you can also participate in online forums to keep up with the latest trends.
Skills in business that are strong
Major pharmaceutical companies are businesses, and you will need strong business skills to succeed. Your work should contribute to the bottom line of the company, the project budget, and the company’s finances. Furthermore, you need to know how your products’ sales affect the company’s finances. As well as making recommendations to improve the performance of the company.
A marketing strategy
A major pharmaceutical company’s marketing department is essential. The purpose is to inform your clientele and members of the public about your company’s products and their benefits. Besides promoting their work, it also encompasses promoting your team. Highlight your team’s accomplishments and use them to advertise your products by highlighting their achievements.
The Best Places to Find Jobs in Major Pharmaceutical Companies
Job Sites for Major Pharmaceutical Companies
Pharmaceutical industry-specific job sites are a reliable source of jobs at major pharmaceutical companies, especially if you are looking for job openings in a specialized field. Some of the most popular industry-specific job sites in pharmaceuticals are listed below:
PharmiWeb: An industry-sponsored job portal dedicated to the pharmaceutical industry
EuroPharmaJobs: Find pharma jobs in Europe with EuroPharmaJobs, the leading job site for international and English-speaking candidates.
NextPharmaJob: Founded in 2010, an online job board for the pharmaceutical industry.
BigPharmaJobs: Known for its presence in India and abroad, this is India’s biggest pharmaceutical recruitment firm.
International & National Job Boards
If you don’t mind working anywhere in the world, there are several national and international job boards where you can search for pharmaceutical jobs. There are many national and international job boards for pharmaceuticals, but here are some of the best:
The Internet is an excellent resource for finding jobs in large pharmaceutical companies nationwide, in your geographic region, or even in your country. When it comes to job hunting, LinkedIn is one of the most useful social media platforms. It may also be helpful if you post your resume on social media, such as Facebook and Instagram.
The networking process
Finding jobs in major pharmaceutical companies can also be achieved through networking. Identify your contacts in the industry and ask them if they know of any upcoming positions. It is also a smart idea to ask your friends and family if they know of any prominent pharmaceutical job openings.
Organizations that provide professional services
Last but not least, you can check with your local professional organization to see what jobs are available in major pharmaceutical companies. You can find out about a wide range of positions at once through these organizations, since most employers in major pharmaceuticals recruit through these organizations.
Listed below are the top pharmaceutical companies with job openings
- Bristol-Myers Squibb
- Johnson & Johnson
Here are some tips for finding a job at a major pharmaceutical company
- To find jobs in major pharmaceutical companies, you can use any of the job boards and sources listed above. Nevertheless, there are a few things you can do to increase your success chances.
- Your resume and cover letter should be accurate and up-to-date at all times, and you should keep an eye on your specific industry’s job boards constantly.
- Try applying directly through the company’s job board or website if you have a particular company in mind. You will gain a greater chance of success by standing out from the rest of the applicants.
- Last but not least, make sure you network with people in your industry or with those at major pharmaceutical companies. Throughout your life, you never know what opportunities might come your way because of personal connections.
What is the number of jobs available at major pharmaceutical companies?
The pharmaceutical industry produces and distributes drugs and medical devices worldwide, playing an instrumental role in the global economy. The pharmaceutical industry is one of the most lucrative industries in the world due to the growth in the demand for drugs, medical supplies, and treatments. The number of jobs available in major pharmaceutical companies is constantly increasing.