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    Alternative Careers

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    SathyaSr
    This document discusses career opportunities for PhDs outside of academia. It notes that the number of PhDs awarded in life sciences has increased dramatically in recent decades, while the percentage obtaining tenure-track academic positions has declined. Due to flat NIH funding, most grant applications now go unfunded. The document then outlines many non-academic career paths for PhDs in fields like industry, finance, consulting, media and government. It seeks to dispel myths about industry careers and compares the cultures and skill sets of academia versus industry. Finally, it provides advice on self-assessment, research, networking and gaining the skills needed to transition from academia to other career paths.

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    Alternative Careers

    Uploaded by

    SathyaSr
    41 views16 pages
    This document discusses career opportunities for PhDs outside of academia. It notes that the number of PhDs awarded in life sciences has increased dramatically in recent decades, while the percentage obtaining tenure-track academic positions has declined. Due to flat NIH funding, most grant applications now go unfunded. The document then outlines many non-academic career paths for PhDs in fields like industry, finance, consulting, media and government. It seeks to dispel myths about industry careers and compares the cultures and skill sets of academia versus industry. Finally, it provides advice on self-assessment, research, networking and gaining the skills needed to transition from academia to other career paths.

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    What options are there for Ph.D. besides academia.

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    This document discusses career opportunities for PhDs outside of academia. It notes that the number of PhDs awarded in life sciences has increased dramatically in recent decades, while the percentage obtaining tenure-track academic positions has declined. Due to flat NIH funding, most grant applications now go unfunded. The document then outlines many non-academic career paths for PhDs in fields like industry, finance, consulting, media and government. It seeks to dispel myths about industry careers and compares the cultures and skill sets of academia versus industry. Finally, it provides advice on self-assessment, research, networking and gaining the skills needed to transition from academia to other career paths.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views16 pages

    Alternative Careers

    Uploaded by

    SathyaSr
    This document discusses career opportunities for PhDs outside of academia. It notes that the number of PhDs awarded in life sciences has increased dramatically in recent decades, while the percentage obtaining tenure-track academic positions has declined. Due to flat NIH funding, most grant applications now go unfunded. The document then outlines many non-academic career paths for PhDs in fields like industry, finance, consulting, media and government. It seeks to dispel myths about industry careers and compares the cultures and skill sets of academia versus industry. Finally, it provides advice on self-assessment, research, networking and gaining the skills needed to transition from academia to other career paths.

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    ENGENE

    ENGENE
    WHAT CAN I DO WITH A PHD?
    CAREER OPPORTUNITIES
    OUTSIDE OF ACADEMIA

    ANTHONY T. CHEUNG, PhD


    ENGENE

    TOO MANY SCIENTISTS?


    FROM 1983 TO 2003

    NUMBER OF DOCTORATES GIVEN ANNUALLY IN


    LIFESCIENCES NEARLY DOUBLED FROM 4,777 TO 8,163
    NUMBER OF POSTDOCS IN ACADEMIA INCREASED
    FROM 14,000 TO 33,000
    GROWING 3X FASTER THAN NATIONAL AVERAGE

    FROM 1993 TO 2003

    % OF PHD GRADS HOLDING A TENURE OR TENURE-


    TRACK POSITION WITHIN 6 YEARS AFTER GRADUATION
    FELL FROM 25% TO 15%

    SOURCES: SCIEENCECAREERS.ORG &NSF REPORT - RECENT TRENDS IN THE CAREERS OF LIFE SCIENTISTS
    1
    ENGENE

    ACADEMIC RESEARCH FUNDING TREND


    NIH FUNDING HISTORY FY 1995-2007 (IN BILLIONS)
    $35

    ACTUAL
    $25

    INFLATION-ADJUSTED
    $15

    $5

    1995 1997 1999 2001 2003 2005 2007

    LOOMING CRISIS - 4TH YR OF FLAT-FUNDING FROM NIH


    8 OUT OF 10 GRANT APPLICATIONS GO UNFUNDED
    SOURCE: NATIONAL INSTITUTE OF HEALTH

    2
    ENGENE

    BROADENING YOUR CAREER OPTIONS

    LAW CONSULTING
    COUNSEL, LITIGATOR, LICENSING CORP STRATEGY, HR, CLIN/REG,
    PAT. AGENT, TECH TRANSFER TECH TRANSFER, MARKETING

    FINANCE MEDIA
    VC, iBANKER, ANALYST, JORNALIST, WRITER,
    FINANCIAL ADVISOR REPORTER

    PhD
    INDUSTRY GOVT/NON-PROFIT
    MANAGEMENT, SCIENTISTS, BD, REGULATOR, POLICY MAKER,
    CLIN/REG, CMC, MARKETING SCIENTIST, ADMIN

    ADACEMIA
    PROFESSOR, INSTRUCTOR,
    RESEARCHER, ADMIN

    3
    ENGENE

    ACADEMIA VS INDUSTRY : DISTINCTIVE CULTURES

    ACADEMIA INDUSTRY
    RESEARCH DEVELOPMENT
    DEPTH VS BREADTH
    PROCESS DRIVEN RESULTS DRIVEN
    PUBLISH OR PERISH IPO OR PERISH

    4
    ENGENE

    MYTHS ABOUT SCIENTIFIC CAREERS IN INDUSTRY

    DO NOT PUBLISH
    BORING SCIENCE
    LACK OF FREEDOM/CONTROL FOR
    INTELLECTUAL PURSUIT
    LACK OF JOB SECURITY
    COMPLEX ORGANIZATION HURDLES

    5
    ENGENE

    BENEFITS IN SCIENTIFIC CAREER IN INDUSTRY


    1. MORE CAREER OPTIONS (HORIZONTAL + VERTICAL)
    R&D EXECUTIVE
    BUSINESS DEVELOPMENT
    CLINICAL/REGULATORY
    CMC
    PROJECT MANAGEMENT
    SALES & MARKETING
    HUMAN RESOURCES
    COMMUNICATIONS (IR/PR)
    EXECUTIVE MANAGEMENT (C-LEVEL, VP)

    6
    ENGENE

    BENEFITS IN SCIENTIFIC CAREER IN INDUSTRY

    2. FINANCIAL REWARD + UPSIDE POTENTIAL

    MEAN SALARIES
    2005 2006
    +5.4%
    ACADEMIC $74,000 $78,000

    INDUSTRY $106,000 $116,000 +9.4%

    KELLY SCIENTIFIC RESOURCES. 2006

    7
    ENGENE

    BENEFITS IN SCIENTIFIC CAREER IN INDUSTRY

    2. FINANCIAL REWARD + UPSIDE POTENTIAL

    MEAN BIOTECH SALARIES


    CEO $351,100 CSO $330,700

    CORP DEV EXEC $197,800 R&D EXEC $175,300

    BD EXEC $201,500 PROJ MGM $126,300

    SR. MED AFFAIRS $248,100 PR EXEC $146,400

    CANADIAN BIOTECH SURVEY. AON CONSULTING. 2006

    8
    ENGENE

    BENEFITS IN SCIENTIFIC CAREER IN INDUSTRY


    3. MULTI-DISCIPLINARY WORKING ENVIRONMENT
    LAWYERS CEO

    PHARMACISTS
    MARKETING
    LAB TECHNICIAN

    PHYSICIAN
    TECH WRITER
    RESOURCES
    SAB

    REGULATORY
    PRODUCTIVITY
    FINANCE

    BUSINESS DEV
    CONTACTS
    VET

    BIOSTATISTICIAN CHEMISTS
    SUPPLY CHAIN VC
    BOD CMO/CRO
    PROJECT PLAN

    9
    ENGENE

    ACADEMIA VS INDUSTRY : SKILL SETS

    CONNECT
    PROJECT MANAGEMENT
    COMMUNICATE
    GOALS DEVELOPMENT
    COLLABORATE
    BUDGET MANAGEMENT
    STRATEGIC
    TEAM SKILLS
    PLANNING SKILLS

    SCIENTIFIC SKILLS
    LEADERSHIP
    SKILLS

    MENTORSHIP TECHNICAL SKILLS


    ENABLING OTHERS SCI KNOWLEDGE
    PERSONNEL MGMT CREATIVITY
    INITIATIVE

    10
    ENGENE

    CHARTING YOUR CAREER PATH

    DECISION SELF-ASSESSMENT RESEARCH + PLAN


    GO/NO GO VALUES, SKILLS, INTERESTS, WHO, WHAT,
    PERSONALITY WHERE, HOW?

    HUNT
    DEVELOPMENT
    BUILD CONTACTS
    HOW DO I GET THERE?
    INFO INTERVIEWS
    ACQUIRE NEW SKILL SETS
    ID SKILLS NEEDED
    TAKES TIME START EARLY
    LIFESCIENCES BC
    SAUNDER
    VCR. ENT. FORUM
    SEGAL
    STUDENT BIO. NTWK.
    CSO BOOTCAMP
    BIO
    HHMI
    BIOPARTENERING
    UC DAVIS
    SCIENCECAREERS.ORG

    11
    ENGENE

    ITS POSSIBLE

    GEORGE RATHMAN ED PENHOET RON CAPE DAVID GOEDDEL


    FOUNDING CEO CO-FOUNDER + EX-CEO CO-FOUNDER + EX-CEO CO-FOUNDER + CEO
    AMGEN CHIRON CETUS TULARIK

    ARTHUR LEVINSON BILL RUTTER STEVE GILLIS JULIA LEVY


    CEO CO-FOUNDER + EX-CSO CO-FOUNDER +EX-CEO EX-CSO, EX-CEO
    GENENTECH CHIRON IMMUNEX + CORIXA QLT

    12
    ENGENE

    YOU CAN COME BACK FROM THE DARK SIDE

    AXEL ULRICH FRANK MCCORMICK


    RESEARCH VP, CETUS
    SCIENTIST, GENENTECH
    RESEARCH VP, CHIRON
    DEVELOPED HUMULIN + HERCEPTIN
    ONYX, FOUNDER + CSO
    CO-FOUNDER, SUGEN
    PROFESSOR, UCSF
    DIRECTOR OF MOL BIOL, MAX PLANCK
    DIRECTOR, CRI UCSF

    13
    ENGENE

    SUGGESTED READING

    14
    ENGENE

    GOOD LUCK!

    BLING BLING

    15

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