The Best Paying Jobs in STEM

Pursuing a science job can be amazing since it helps you establish a career and pursue amazing things in life. But at the same time this also comes with its fair share of challenges, as you can imagine. So now you have to wonder, which are the best paying jobs in the science field and which ones are great for you!

Natural sciences manager

You can earn around $140,000 per year and your focus is on managing a team of scientists and development projects. You also need to stock the labs, oversee their activity and review the results of all their research. This is obviously a management position, but a very important one and which can bring in front amazing results in the long term.

Pharmacist

A pharmacist in the US can earn quite a lot of money, well into 6 figures most of the time. The average pharmacist income is $124,000. You will need to create medications and also study their side effects. On top of that, you will need to research the way chemicals affect the human body too. Keep in mind that you need a Doctor of Pharmacy degree if you want to pursue this type of career.

Chemical engineers

This is an interesting science career with some amazing benefits. The chemical engineer will use equipment and processes that focus on turning chemicals into commercial products. Such an engineer can create anything from pharma products to plastics or even food. You need just a bachelor’s degree in chemical engineering, then you can improve from there. The average income is $114,000.

Material scientists

A material scientist will need to have a lot of physics, chemistry and biology knowledge. And then they need to analyze the structure, properties and performance of materials in order to identify the right uses for them. This job pays around $102,000 on average and it’s a multi-disciplinary field which needs you to have an advanced degree for it.

Medical research scientists

Such a job requires a lot of different aspect to pursue. Basically, you are trying to find new ways to boost human health naturally. You are also trying to find methods of preventing illnesses while also uncovering treatments. This type of science career is projected to grow immensely within the next decade and right now it averages at around $100,000 per year, maybe even more than that.

Computational scientist

A computational scientist will usually create computer models stimulating the physical phenomena. The job itself pays $90,000 and the interesting thing is that you can study cancer, how it affects the human cell mutation, but at the same time you can also study the way an aircraft flies and what can be improved. It’s certainly a broad science job, but a rewarding one nonetheless.

All these jobs are great if you want to pursue an amazing science career. They are very well paid, and most of them can be pursued even if you just have a bachelor’s degree. Plus, science jobs are in very high demand, so if you want to have a great career in the long run, the science field seems like the right way to go!


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Biotechnology: Science Jobs in San Diego

Starting a career in biotechnology: Why you should consider moving into biotech

The market is untapped: Two-thirds of ocean life remains undiscovered by scientists. Think of biotech as this ocean for entrepreneurs. From industrial biotech to healthy aging to the ocean, as mentioned earlier, there are plenty of areas where biotech’s potentials and science jobs are still untapped.

Non-background specific: While it may seem like you need an advanced science degree to get into a biotech job, the truth is that you actually can get in without one. Biotechnology needs innovators and business experts as much as it needs scientists.

Highly lucrative: To break into biotech, you may not even need to switch industries. There are plenty of career opportunities in logistics, sales, and product development. The periphery of biotech is the perfect place to apply any existing expertise you have garnered over the years.

Is a career in Biotechnology right for you?

Female biologist holding bottle with new medication, vaccination lab research

Deciding to pursue a career or job in biotechnology is something you need to think carefully before doing. Despite it being a a billion-dollar lucrative industry, a career in biotech isn’t without its disadvantages. Aside from being highly competitive, you also have to work patiently for hours in the lab to get the desired results. And yes, you may get a negative result too. As such, it’s always worthwhile to connect the dots and cross your Ts, before leaping into the biotech industry.

If you’re wondering if a career in biotechnology is right for you, here are some critical questions that you can ask yourself:

Are you outgoing and enthusiastic?

To survive as a biotech scientist, you must never be afraid to voice your opinion irrespective of whose ox is gored. You also have to be enthusiastic to keep the morale of a team upbeat every time.

Are you a team-player?

You will occasionally have to work in teams to research, produce, and market a product. If you’re the type that doesn’t get along with others or makes it difficult for the rest of the team to do their jobs, biotech isn’t for you.

Are you able to adapt to regular changes?

As a biotechnologist, you will make different changes over a short period. Whether it is changing your desk, switching between teams, or constantly dealing with a new set of procedures, you must be prepared and able to handle changes at all times. If you’re the type that prefers the status quo and like consistency, a career in biotech may not be ideal for you.

Are you innovative or innovative?

Do you like springing new ideas to life? Have you ever wanted to be on a patent? If your answers to these questions are yes, you’ve got a chance in biotech. Depending on the company you work for or your role, you may have the opportunity to be inventive in between running assays, or innovative by coming up with new patentable ideas.

Are you able to perform under pressure?

Working in the biotech industry comes with a lot of pressure, especially in situations where you are part of a team of R&D scientists for a product with projected revenue in the millions. Pressure can also come from tight deadlines or inflexible research plans.

If you said yes to all of those questions, then you want click on INDEED to be directed to biotech jobs.

Top Places to Work in Biotech

Biotech is a field that is progressing every day. Working for biotech companies is a great way to utilize your energy. For hundreds of years, humans have used biotech in food production, medicine, agriculture, etc. In the early 21st century and late 20th biotech has expanded to cover up new sciences deeply and diversely.

If one looks deep into biotech, it breaks down into various sub-disciplines based on common uses (i.e.) green biotech, white biotech, red biotech etc.  Since the subject itself is growing and expanding, so are the jobs in bio-tech companies

Here I’m giving you a list of Top Places to Work in Biotech.

1.   Biotech Beach

Situated in San-Diego, Los-Angeles Orange County, California. The biotech beach alone employs more than 42,000 people; this region has more than 1,100 life sector companies and more than over 80 research centers. Per the San-Diego Regional Economic Development Corporation.

  • Ajinomoto Bio-Pharma Services
  •  Illumina
  • Agilent Techs
  • Kite Pharma

Are headquartered in Southern California.

2.  BioMidwest / Bioindiana

Compromised on more than 16,800 Biotechnology establishments and employing more than 377,900 people, the nine-state “Midwest Super Cluster” making a mark in the Biotech Fields include

  • Abbott Laboratories
  • Hospira
  • VMS Bio-Marketing
  • Exact Sciences Corp
  • Astellas

 Many more establishments are covering the hotbeds in Kansas, Indiana, Iowa, Minnesota, etc.

3.  Bio NC (North Carolina)

The Bio-Nc hotbed community located in North Carolina, Research Triangle Park has 600 biotech companies running which employ about 63,000 people or more, with giant industries including

  • Precision
  •  Bio-Sciences
  • PPD
  • Avadim Technologies
  • INC Research
  • GSK

4.    Bio Forest

This monster state alone covering 191 Bio-Pharma companies, 78 nonprofit Research institutes, and 294 Medical device companies covering the whole Pacific Northwest, employing more than 34,000 people. This Biotech Hotbed has its strong roots in Washington.

  • Tech Laboratories is said to be covering the hotbed.

5.    Genetown

Located in Massachusetts, Genetown’s hotbed focuses on biopharma and medical device companies in Massachusetts, with about 60,459 employs working there, biopharma manufacturing employment rate has grown by 28.9% in the last ten years outpacing the rest of the country. The largest Massachusetts based bio-tech firms include

  • Vertex
  • Biogen Idec
  • Alnylam
  • Accent Therapeutics
  • 4G clinical 
  • Axcella

6. Pharm Country

Managing an industry with the employment of over 115,000 workers and headquarters in New Jersey, Covance, Merck, and Allergan. Its hotbed community highlights companies in Connecticut, New York, New Jersey, Pennsylvania, and Rhode Island. Companies that are covering the hotbeds are,

  • Acorda Therapeutics
  • Harmony Biosciences
  • Citation Clinical Labelling Systems
  • Oxford PharmaGenesis
  • Trevena
  • Regeneron
  • Novo Nordisk
  • Merck

7. Lone star Bio

Covering the industrial land in texas  Lone star bio is a home for more than over 3,600 biotech firms and industries, according to Texas Economic Development Corporation, Lone Star Bio employs more than 92,000 workers. Lone Star Bio is  acetified great place to work, with various Hotbeds offering jobs are

  • Quintiles
  • Radiant Research
  • Myriad RBM

Mallinckrodt and Silence Therapeutics Partner up for RNAi

At first, you need to have a little introduction to these two companies. They both are pharmaceuticals. They provide medicines and research related to medicine. What are they and what do they do? Here’s the introduction.

Mallinckrodt

An Irish–tax registered manufacturer, known as Mallinckrodt Pharmaceuticals of specialty pharmaceuticals, generic drugs, and imaging agent in 2017 generated 90% of sales from the U.S. healthcare system. With such a large network, it is one of the finest and leading pharmaceuticals.

Silence Therapeutics

A biotechnology company that develops therapeutic gene technology based on RNA interference. They are responsible and have major involvement in developmental research of targeted RNAi therapeutics for the treatment of serious diseases.

What is RNAi?

RNAi or RNA Interference is a biological process in our internal body. RNA interferes with RNA to cut it down from double-stranded RNA to single and then to further more pieces. This process inhibits gene expression or translation by targeting RNA and neutralizing it. 

Mallinckrodt and Silence Therapeutics Partnership

Mallinckrodt is the finest and leading pharmaceutical you can find. With such a vast network, it has the power to change, the power to reach out and help maximum. The one problem they were facing was lack of research and information about RNAi. Silence Therapeutics had all the knowledge of RNAi. With that knowledge, you could even treat deadly cancerous diseases. You may have guessed it until now.

One of the ten principles of microeconomics says Trade can make everyone better off. So, Mallinckrodt holding power to reach out and change and Silence Therapeutics with the information made a deal and became partners.

There were some noticeable points made at the time of their partnership. Some of them are mentioned below.

•    This partnership will allow Silence’s platform in the field of RNAi technology to advance. With more advancement, new ways would come out to solve deadly diseases.

•    The agreement provides Mallinckrodt with an exclusive worldwide license for one preclinical asset that targets a specific protein in the complement pathway, C3 (SLN500), and an option for up to two additional assets with different complement protein targets

•    $20 million upfront payment, long-term development, commercial milestones, and royalties on net sales will be received by Silence.

This collaboration will allow both companies to develop an RNAi drug. This drug would be a group of proteins that are involved in the immune system to fight different diseases. These proteins play an important role in the development of inflammation.

These proteins are also considered to contribute to the pathogenesis of many diseases, including autoimmune diseases. This would change the medical world and show it a better path to find more ways to fight deadly diseases.

Not only will this partnership help in the medical field but would also leave an impact on other companies to indulge themselves in these healthy partnerships to produce the best possible outcome. The business world is a dirty place, and it needs to have examples like these.

Make more than $500K working in Biotech

The 1%.  This a term popularized by the infamous Occupy Wallstreet movement.  It was the first time the term had truly gained traction in the media.  People from all over the world were watching the United States have a national dialogue regarding its own inequity issues.

The term 1% comes from the statistic that only 1% of Americans earn around $500,000 a year or more.  A large part of the negative connotation surrounding the 1% is that the rules and laws typically favor the 1%.  The average American citizen does not get the same fair treatment and equal opportunities as the 1%.  And as social inequity discord grows in America, so does the backlash against this particular class of people. 

But one slightly concerning issue that has recently been exposed is how the 1% class has become interconnected with our healthcare system.   As part of the Dodd- Frank Act, publically traded health companies are now required to disclose medium employee compensation.  Reports have shown that some biotech companies have medium annual salaries as high at $800,000.

 These figures place these employees well into the 1% class.  So one has to ask the question, how exactly are these biotech employees making so much money?  And what kinds of systems are in place that incentives these type of pay plans?  First, let’s look at some of the numbers.

The Biomedical Industry at a Glance

Biomedical and drug companies are among the most profitable companies in the entire USA.  A big reason for this is that these companies tend to specialize in extremely rare and hard to treat disorders.  This allows a company to have an effective monopoly over the cure to a disorder, simply because no other companies put the time and research into treating these issues.

A perfect example of this was when Martin Shkreli, former hedge fund manager of Elea Capital, famously raised the price of an anti-patristic drug called Daraprim by over 6000%.  At the time, only 1 company was actively making the drug, and Shkreli’s hedge fund purchased the patent.  Then Shkreli dramatically raised the price of the drug, enabling his group to reap billions of dollars in profits off the drug. 

While on the surface this action may seem morally reprehensible, it was in fact totally legal.  In fact, Shkreli was only found guilty on fraud charges associated with another matter, not because he raised the price of the drug.  So while Shkreli found himself facing the wrath of the country, his business partners were able to carve out a handsome profit for themselves.   

The Future of Biomedical and Drug Company Pay

For most people in the nation, the  Shkreli story was their venture into the high stakes world of drug profits.  It’s safe to say that the average American did not realize just how much money various drug companies and CEO’s were making off of them.  And as drug prices and drug company employee pay increases, so do the mistrust. 

A recent Senate Judicial hearing in the United States proved this, as a new bipartisan effort has emerged to rein in both healthcare costs and drug prices in the USA.   These efforts will ultimately affect drug company profitability and employee pay.

So what do you think?  Do you think Drug company pay will continue to put workers in the 1% class? 

Let us know in the comment sections below. 

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