Life Sciences Industry, a rewardable place to create a career, Why?
The main goal of the life science sector is to supply medications that thwart infections, maintain health, and cure diseases. At a time when the pandemic has people fearing for his or her jobs across the U.S., the life sciences sector has been essentially immune.
For most people, the motivation for coming into the life science field is that they want to improve the lives of others and working in medicine offers a greater opportunity than several other industries, to make a difference. However, to be successful one needs a combination of skills including, communications, time management, task prioritization, problem-solving and being part of cross-functional teams. It is one of the most regulated industries and starts with good clinical practices as described by the Food and Drug Administration(1) or applicable Internationally(2). Some of the reasons as to why consider a career in life sciences are listed below, if you think we have missed any, please feel free to send us a note, and we can add them.
· Job satisfaction. Many employees value job satisfaction more than any other work option. While there are those who disapprove of the pharmaceutical companies, the fact remains that medications save lives and improve the quality of life for masses of people worldwide. The great health benefits that medicine brings makes working in the pharmaceutical industry very rewarding and means that employees in the industry are dedicated and motivated.
· High Pay and Flexibility: Although working in any other field may provide a good income for many, you still must make money to support yourself and your family. The healthcare industry uses the best in its fields and pays fairly for it at very competitive prices. The industry is also huge, so there are many career paths to develop in various fields – many pharmaceutical companies are worldwide, which means you can also get the opportunity to work overseas.
· On Edge Technology: The life sciences industry is not limited to medications, chemicals and physicians, even if it is in its heart. The industry needs scientists, engineers, IT specialists and managers. It is all dedicated to the use and application of new technologies designed to develop, manufacture and distribute products. This means that the industry is dynamic and fast and technologically advanced.
· Glory in Research: There is a huge interest in making progress in your chosen field which will have a huge impact on people’s lives in the future. The pharmaceutical industry does more research than any other industry, giving workers the opportunity to be part of high-quality research the team that can change lives. If you can imagine how you would feel if you helped find a cure for pancreatic cancer, pediatric brain tumors, or cure Parkinson’s disease, then you will understand why medical research is important and rewarding.
Enclosed are the top 10 pharmaceutical companies, ranked by revenue (3), one can be assured that this industry will survive the worst of times:
1. Pfizer — $51.75 billion
2. Roche — $50 billion
3. Novartis — $47.45 billion
4. Merck — $46.84 billion
5. GlaxoSmithKline — $43.54 billion
6. Johnson & Johnson — $42.1 billion
7. AbbVie — $33.27 billion
8. Sanofi — $27.77 billion
9. Bristol-Myers Squibb — $26.15 billion
10. AstraZeneca — $23.57 billion
Ref:
1. https://www.fda.gov/about-fda/center-drug-evaluation-and-research-cder/good-clinical-practice
3. https://www.beckershospitalreview.com/pharmacy/top-10-pharma-companies-by-revenue.html
