15+ Best Paying Jobs in Major Pharmaceuticals in 2023

The drugs we take to be healthy are developed and produced by the pharmaceutical business. And there are many best paying jobs in major pharmaceuticals available because research and medicine are crucial to the growth of medical science.

Also, the sector has some of the best paying jobs in the world.

Knowing which positions pay the most can be helpful if you want to work in the field or are already in the pharmaceutical sector and plan to go to a higher place.

This article discusses the best paying jobs in the major pharmaceutical industry, the salary expectations of each position from verified sources such as Indeed, and the qualities and talents required of pharmaceutical professionals.

Is Major Pharmaceuticals a Good Career Choice?

Yes, a career in major pharmaceuticals is a brilliant choice. Pharmaceutical careers are respectable, in demand, and well-paid.

It’s doubtful that you will struggle to get employment in the field or locate other options if one doesn’t work for you because of the complexity of the subject. Also, the ability to assist people is a bonus for many occupations in this industry.

Although it takes time, new medications and treatments can significantly increase peoples’ lifespans and quality of life.

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Skills Required for Major Pharmaceutical Profession

These are some skills that can help job seekers find success in the major pharmaceutical industry:

• Biology: Any employment within the pharmaceutical sector requires a thorough understanding of how our bodies function and how they respond to medications.
• Chemistry: You need to understand the fundamental operations of the medicine you’re marketing by having a rudimentary understanding of chemistry.
• Technical Skills: It’s crucial to know how to use computers effectively and how they impact your career. Manufacturers use technology, researchers, pharmacists, data analysts, and other professionals to improve the effectiveness and accuracy of their work.
• Leadership: You should develop your leadership skills to work as a lead researcher or manager. Leadership could be a crucial trait for you, depending on your job objectives.
• Communication: Whatever industrial position you choose, you’ll probably have to interact with customers or other professionals. Any pharmaceutical practitioner must communicate complex material effectively and pay close attention to others.

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What are the Benefits of Going for a Career in Major Pharmaceuticals?

There are several reasons and benefits to considering a career in pharmaceuticals. These jobs come with many advantages, including great compensation.

The pharmaceutical industry develops and distributes medication and other medical treatments.

As a result, pharmacists have many chances to engage with new medications and treatments. Additionally, they can collaborate on initiatives that influence public health.

Research pharmacists hold some of the pharmaceutical industry’s highest paying positions. These professionals spend their days researching new medications and evaluating their efficacy.

When compared to other positions in the sector, they frequently earn substantial compensation. Also, Pharmacists who work in marketing, quality control, and clinical settings are among those who can pursue rewarding careers in the pharmaceutical industry.

All of these jobs provide high salaries and potential for advancement.

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Best Paying Jobs in Major Pharmaceuticals

• Drug manufacturer
• Pharmaceutical sales representative
• Pharmaceutical, financial analyst
• Biotechnology consultant
• Clinical data manager
• Clinical Research Coordinator
• Drug Safety Scientist
• Research scientist
• Biostatistician
• Biotechnology consultant
• Toxicologist
• Pharmacology Professor
• Medical Writer
• Formulation Scientist
• Medical science liaison

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1. Drug manufacturer

This is one of the highest and best paying jobs in major pharmaceuticals. A person whose job role is a drug manufacturer specializes in assisting the commercial production and distribution of pharmaceuticals.

They manufacture many pharmaceuticals or medical equipment, then deliver it to pharmacies, medical supply shops, mail-order companies, and hospitals.

A medication maker has to be informed about chemistry, biology, and supply chain management components to be effective.

Average Salary: $82,977 per year.

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2. Pharmacist

One of the numerous job descriptions of a pharmacist includes dispensing medicine and counseling patients on how to utilize their prescriptions. Also, pharmacists work in pharmacies.

In addition, they include details on dosage, medication interactions, and adverse effects.

Excellent communication and customer service abilities are necessary for this position. Additionally, you must maintain your composure under pressure and be knowledgeable about drugs.

The Pharmacist job role is also lucrative, making it one of the best paying jobs in major Pharmaceuticals.

Average Salary: $126,799 per year

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3. Pharmaceutical sales representative

Pharmaceutical sales specialists inform medical practitioners about medical goods and convey the value of drugs.

Nurses, pharmacists, and other medical practitioners are examples of these healthcare professions. Additionally, salespeople may share things with customers and instruct them on how to utilize them.

Pharmaceutical salespeople need to be knowledgeable about medications and patients to be effective.

Average Salary: $76,351 per year.

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4. Pharmaceutical financial analyst

Pharmaceutical financial analysts offer advice on corporate investments and business decisions by examining and evaluating financial data.

When counseling corporate leaders on how to manage their finances, they can take into account marketing trends, the organization’s existing financial soundness, and the surrounding economic, industrial, and commercial contexts.

These professionals need an in-depth understanding of accounting and finance to succeed. They rank high on our list of the best paying jobs in major pharmaceuticals.

Average Salary: $71,022 per year

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5. Biotechnology consultant

Consultants in biotechnology are professionals with backgrounds in both biology and technology. They provide management at biotechnology companies with direction and counsel on creating better drugs and medical devices.

To advise decision-makers on what new initiatives they should launch, a biotechnology consultant may identify problems that require treatment or current trends in the sector.

Successful biotech consultants are familiar with therapies, medical technology, and product development to provide reliable guidance for boosting earnings. Also, this is a very lucrative position, making it one of the best paying jobs for major Pharmaceuticals.

Average Salary: $137,073 per year

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6. Clinical data manager

Also another one of the best jobs in major pharmaceuticals, clinical data managers offer direction to the groups of researchers and data analysts that collect and assess clinical data.

They collaborate with other data managers to handle the data and arrange the data from medical and pharmacological studies.

After reviewing, they produce data reports to communicate their results and their significance to individuals who might not be familiar with them.

A clinical data manager, for instance, maybe in charge of a group of individuals who describe whether a new drug meets expectations.

To succeed, clinical data managers must be natural leaders, mathematically adept and enthusiastic about technology.

Average Salary: $77,197 per year

7. Clinical Research Coordinator

The clinical research coordinator is also one of the best paying jobs in major pharmaceuticals. The position is basically more managerial than it is research-oriented.

However, a person in this position must know the research topic to handle a research project properly. Also, you will get to organize many departments that must collaborate to complete a project as a team, and you will get to combine all the research’s various components.

You need a solid pharmacology background to be a successful clinical research coordinator. Also, as a clinical research coordinator, you cannot expect to organize research on subjects you are unfamiliar with successfully.

Adequately ensuring that all the many components of a study come together and that the various departments can cooperate is the responsibility of a clinical research coordinator.

Average Salary: $52,000 per year

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8. Drug Safety Scientist

A Drug safety scientist must ensure that the substance in issue is secure and is used securely.

They are aware of different drugs that may negatively interact or have an effect in other ways with the medicine administered to a patient.

Additionally, they are to research the adverse effects of pharmaceuticals and assisting with the correct labeling and warnings on medicines.

Average Salary: $101,000 per year

9. Research scientist

Also another one of the highest and best paying jobs in major pharmaceuticals, scientists that do pharmaceuticals research carry out studies to improve, find, or develop new medications.

The pharmacological responses and possible adverse effects of each new medicine are investigated using synthetic and natural materials.

Clinical trials may be planned and carried out by a research scientist in pharmaceuticals.

To succeed in this position, research scientists need to be meticulous and have an in-depth understanding of biology and chemistry.

Average Salary: $86,876 per year

10. Biostatistician

A biostatistician carries out research and gathers information on public health.

They can analyze the data they gather to make projections about the course of biological events.

Professionals in the medical field, such as surgeons, doctors, and geneticists, can work with biostatisticians.

They primarily work at research institutes or government organizations to monitor emerging illnesses, assess the efficacy of new medications, and study genetics.

You can learn the analytical and quantitative abilities necessary for success as a biostatistician.

Average Salary: $145,099 per year

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11. Biotechnology Consultant

Consultants in biotechnology are professionals with backgrounds in both biology and technology. They provide management at biotechnology companies with direction and counsel on creating better drugs and medical devices.

To advise decision-makers on what new initiatives they should launch, a biotechnology consultant may identify problems that require treatment or current trends in the sector.

Successful biotech consultants are familiar with therapies, medical technology, and product development to provide reliable guidance for boosting earnings.

This position ranks as one of the highest and best-paying jobs in major pharmaceuticals and one of the highest paid jobs in the medical field.

Average Salary: $137,073 per year

12. Toxicologist

Toxicologists research how chemicals affect living things and devise techniques for determining the safety of novel medications and substances.

You need excellent analytical abilities, a solid grasp of chemistry, and a keen eye for detail to succeed as a toxicologist.

Average Salary: $99,307 per year

13. Pharmacology Professor

Depending on the university or institution you work for, and how long you’ve been there, the income and responsibilities of this employment will change.

It necessitates a Ph.D. degree, which is a highly high education. Teaching, conducting research, and publishing research articles will all be part of the job description.

Average Salary: $94,000 per year

14. Medical Writer

Medical writers must have an in-depth knowledge of medicine and the pharmaceutical field.

So in this instance, a medical writer may write on drugs for a medical publication. People in this profession make good money since they need extensive knowledge of their subject and standard writing procedures.

Average Salary: $104,000 per year

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15. Formulation Scientist

Although pharmaceuticals are not the only industry that employs formulation scientists, they are the largest.

This position necessitates an in-depth understanding of chemistry, and they are responsible for developing the chemical formulae for items.

Most of the time, this is done for different drugs. Still, it may also be done for other businesses to create formulae for fuel, fertilizer, and dye.

Average Salary: $83,000 per year

16. Medical Science Liaison

A medical science liaison is a practitioner who informs consumers, investors, and governmental organizations about medical equipment, substance, or treatment.

Researchers run studies and analyze data from medical samples to learn how to cure medical diseases.

They can design, test, and prepare grant applications to request federal financing for medical equipment.

They must be skilled in problem-solving, knowledgeable about science and medicine, and passionate about finding solutions.

Average Salary: $51,340 per year

Conclusion

Pharmaceutical firms are essential in healthcare because they provide adequate treatments that can help save patients’ lives and cure illnesses.

They create many immensely gratifying and lucrative work opportunities because of the industry’s ongoing evolution and contribute to boosting the world economy.

With many job openings, you will find one that best matches your skills. Typically, all you might need to do is to go for the profession you want to pursue and gain all the skills and credentials to fill it to help you find your niche in the pharmaceutical sector.

FAQs

References

• scijournal.org – Highest Paying Pharmaceutical Jobs to Consider
• bls.gov – Pharmacists
• publichealthdegrees.org – Highest Paid Public Health Careers
• mphonline.org – Highest Paying Jobs in Public Health
• Indeed.com – Best-Paying Jobs in the Pharmaceutical Industry

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