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How Many Jobs Are Available In Major Pharmaceuticals?

How Many Jobs Are Available In Major Pharmaceuticals? There are tons of jobs in the pharmaceutical industry. The benefit of the industry is unrivaled– in terms of jobs and revenue. The industry has many job opportunities and generates billions in revenue in the United States.

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The industry employs nearly 4.4 million people and generates more than 532 billion U.S. dollars in revenue in 2017 globally. This makes it one of the most important sectors of the economy.

Jobs in the industry are highly skilled and well-paid. The industry also supports many indirect jobs, such as suppliers and service providers.

In addition to generating billions of dollars in tax revenue each year, it also receives significant levels of government support in terms of research funding and subsidies. This support ensures that the citizens have access to life-saving medications.

In this article, we analyze the jobs in this industry with their earning potential.

How Many Jobs Are There In The Major Pharmaceutical Industry?

Drug Safety Scientist

Drug safety scientists play a crucial role in ensuring that drugs reach the market safely. They ensure that new medicines are safe before they hit the shelves.

●     Earning Potential

The average annual salary for a Drug Safety Scientist is around $101,493

That comes out to about $49/hour and $8,478/month.

Research Scientist

Research scientists are those who conduct scientific experiments in the pharmaceutical industry. They often collect data from real-life situations and then analyze them to come up with new insights.

●     Earning Potential

The average annual salary for a product development manager is around $79,026

That comes out to about $33.87/hour and $5,595/month.

Microbiologist

Microbiologists study the behavior of living things on very small scales. This means they look at individual cells or molecules. They also examine the interaction between organisms and how drugs affect them.

●     Earning Potential

The average annual salary for a Microbiologist is around $75,283

That comes out to about $24.90/hour and $5,330/month.

Clinical Research Coordinator

Clinical Research Coordinators are responsible for coordinating the activities of study subjects during a clinical trial. They ensure that each subject receives proper care, treatment, and follow-up.

They ensure the safety of the subjects involved in a clinical trial. Their job requires them to monitor the health of the subjects throughout the student duration.

They are also required to perform various tasks such as data collection, monitoring patient compliance, managing adverse events, and reporting findings.

●     Earning Potential

The average annual salary for a Clinical Research Coordinator is around $40,381

That comes out to about $25.32/hour and $2,859/month.

Pharmacologist

Pharmacologists study the properties and actions of drugs and their interactions with living organisms. They research new drugs and develop treatments for diseases.

●     Earning Potential

The average annual salary for a Clinical Research Coordinator is around $40,381

That comes out to about $25.32/hour and $2,859/month.

Pharmacist

Pharmacists are healthcare professionals who specialize in prescription drugs. They are responsible for dispensing medications and providing health care services related to medication therapy management.

●     Earning Potential

The average annual salary for a Pharmacist is around $126,321

That comes out to about $57.31/hour and $8,944/month.

Pharmacoepidemologist

Pharmacoepidemiologists study the risks associated with taking prescription and over-the-counter medicines. They also investigate the benefits of using these drugs.

Pharmacoepidemologist doctors and patients make decisions about health care choices.

They analyze data from clinical trials, observational studies, and other sources to determine whether certain treatments are safe and effective.

●     Earning Potential

The average annual salary for a Pharmacoepidemologist is around $53,414

That comes out to about $26/hour and $4,452/month.

Pharmaceutical Sales Representative

Pharmaceutical sales representatives are employed by pharmaceutical companies to promote their drugs.

They are required to be able to communicate effectively with doctors and nurses.

Moreso, they are required to be knowledgeable about medical terminology and be able to explain complex topics in simple terms.

●     Earning Potential

The average annual salary for a Pharmaceutical sales representative is around $66,681

That comes out to about $28.64/hour and $4,721/month.

Drug Manufacturer

Drug manufacturers are responsible for the production and distribution of drugs.

They are also involved in the transportation of these drugs to pharmacies and other medical stores.

●     Earning Potential

The average annual salary for a Drug Manufacturer is around $40,600

That comes out to about $20.30/hour and $3,383/month.

Pharmacy Manager

Pharmacy managers oversee the daily operations of pharmacies within their stores.

They manage the flow of customers through the store, ensure that prescriptions are filled correctly, and monitor inventory levels.

They also ensure that pharmacists provide quality customer service.

●     Earning Potential

The average annual salary for a Pharmacy Manager is around $126,128

That comes out to about $54.35/hour and $8,930/month.

 

Pharmaceutical Engineer

Pharmaceutical engineers have a wide range of responsibilities that include designing and developing medicines, analyzing data, and testing them for safety and effectiveness.

This involves working closely with scientists, physicians, and other professionals to ensure that medications are safe, effective, and manufactured properly.

●     Earning Potential

The average annual salary for a Pharmaceutical Engineer is around $86,919

That comes out to about $41.79/hour and $7,243/month.

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Clinical Data Manager

Clinical data managers ensure that the data collected during the study is accurate, complete, and reliable. This means that the data is stored securely and that it is accessible to researchers.

They ensure that the data is analyzed properly and that the findings are communicated clearly.

●     Earning Potential

The average annual salary for a Clinical data manager is around $83,943

That comes out to about $20.94/hour and $5,943/month.

Conclusion

To sum things up, there are plenty of jobs available in the pharmaceutical industry for anyone looking to land a job. From small startups to drug manufacturers and everything in between, the industry is full of opportunities.

The major pharmaceutical industry is very stable to enter. It is unlikely that there is going to be a big decrease in jobs any time soon.