At about 2 years of consulting experience, PhD background. Interested in making the jump from consulting to industry. Would love to hear people’s perspectives on med affairs vs strategy/business development type roles. In terms of immediate impact and salary growth, which has the highest potential?

like
Posting as :
works at
You are currently posting as works at

These are very different roles. A transition to Medical affairs might be difficult without direct medical affairs experience / projects as the work and skills are different from Commercial / BD

like

Recognize that. Have good project experience in both. Was asking more about once in industry what is the growth like if either roles. Does med affairs have a lower ceiling than a commercial role, moving into leadership which are more preferred. Etc

Jumping on this post, is it possible to land director roles with this background or is associate director the best you’ll get until you are a PL/SM/EM?

like

Not without more than 2 years experience. Maybe at a startup biotech. But most consultants dont have strong history of managing direct reports or dealing with implementation or annual slogs, which is going to hit you in a job market this competitive.

like

I left for a BD role - really liking it so far. I was able to get a slight increase in comp and feel that I am still learning as much as I was in consulting (our BD team looks across multiple TAs and modalities, so am constantly looking at diverse opportunities).

Salary growth is definitely slower than consulting - think the standard was to jump around to title hop but not sure what that looks like in this market

like

Overall much better than consulting - but if it’s crunch time on a deal the hours can be worse

OP - can't be two vastly divergent roles with different skills involved.

I'm a PhD and currently in a BD/New Product Planning role at a smid biotech. Did Consulting for about 2 years and BD for 2 years. Overall, liking it a lot more as we are interested in various different TAs/Indications - so I do spend a lot of time thinking about different markets, understanding competitive landscapes, different treatments, how to differentiate in these different markets, and building business cases for these L&A decisions. BD touches upon various aspects of corporate strategy so there is high visibility of the work - from CEO to head of R&D/CMO. From my experience work also tends to be black boxed and firewalled from the organization (aka, not everyone in the org needs to know whats the latest asset we are running diligence on)

I think Salary growth is overall slower than consulting but your primary upside will be equity-driven as you climb ranks. WLB much better than consulting and there is more 'skin in the game' to motivate you. When you're trying to close a deal obviously your hours will shoot up, but its that intensity I think drives a lot of interest in these types of roles.

like

Related Posts

How much is the variable pay out for L9 employee if max of 27% is 450000, how much can we expect.

likehelpful
like

Hello people, how common is a Amazon to PWC move ?
I’m interviewing for a Senior Associate role and TC seems to be more competitive than role in L5.

TC $114k- Base AMZ- $73k +$38kstocks ( vesting 17k$ due next year)

TC $135k Base PWC -$81$ + Bonuses ( 50k$)

Looking for managerial skills which the PWC role avails, and L6 promo doesn’t seem to be happening soon in current role. I’m also mentally stretched. I hear WLB in PWC is just as busy but can anyone confirm if this move makes any sense. Google Amazon

likefunny

How much Accenture pays for L1B transfer to California, US at AM level ? Total experience : 9 years Skill : Sap Abap On HANA Accenture

like

I got H1B visa and 83K USD petition amount as annual package. Here I and my wife both are working and earning 50LPA together. My 7 yr old daughter and my wife will be on H4 Visa and she won't be able to work initially. I am confused whether I should opt for US or stay here only. Thoughts? Suggestions?

like

Waiting for God of War and for Bungie to grab Halo back from 343 Industries since Destiny has always been trash.
. . .S/O to Horizon Zero Dawn though.

Anyone here have experience / know anyone who did the Luxury & Fashion Retail MBA @ NYU Stern?

like

3 weeks until the GMAT....should I do TTP (advanced)? Have 3-4 hours / day to study. Currently at 46Q.

like

Did anyone else get a fee waiver randomly from Sloan? Started a R2 app with Sloan a month or so ago and just randomly got an email yesterday saying my app fee had been waived.

like

Hi ,

Looking for a job change and interested to join and explore your career in Qualcomm with below jobs, please DM me.

Post Photo

Please share your best tips/process of building and prioritizing product roadmaps. Any templates or resources will be super helpful too.

like

how can i get hearts on this

likesmart

Hi, can someone help me update my resume? Having a hard time describing my current role and how to leverage that for a role I want.

like

I cleared all my rounds for 2.2 level and shared all my documents on the link HR shared. It's been two weeks and the offer letter is not generated. The HR keeps telling me to wait until Friday and then postpones to next week. Can anyone help me understand this?

like

In Mindtree candidate portal interview status showing as ‘Parked’ what does this mean ?

As an IT infrastructure i have been tagged un cognizant internal project to support the cognizant owned datacenters VMs and infrastructure.

Can anyone please tell me how is that project in terms of Career growth and learning??

like

Hi all I am looking for a referrals to apply for a position of data scientist with 3 years of experience.

like

Anyone else dealing with emotional trauma that is bubbling back up thanks to all the free time we have to think about shit endlessly? Or the fact that frustrating family brings up stuff, but since they are now 80% of your human interaction, it's a lot more overwhelming? How are you dealing with it?

like

Real talk ... if someone is over 35 and hasn’t been married before, do you automatically assume there is something wrong with them?

like

I love my SO. We’ve been together for nearly a decade and are talking marriage. I know being with him though will require living far from my family. I love my family and dread the thought of being far from them. My SO has been transparent about wanting to return to his home country. I don’t want to lose him but I also dread being far from my family. What’s the right call here? Fwiw he’s lived in my home country for about a decade now but has been able to visit his pretty easily (cont)

like

Additional Posts in Pharma and Biotech

Please help! I’m a CRC who manages Investigator- led clinical research projects and I want to transition to a PM role in industry (I would slightly prefer not a PM role in clinical trials since I don’t have clinical trial experience.) I’ve applied to PM roles at many biotech companies (e.g. Charles River, ICON, Paraxel) but only got 1 interview which didn’t work out. Which companies should I look to for an entry level PM role? Any good startups to consider? Anyone have any insight or advice?

Ugh, is that time of year again! Does anyone have any advice on how to handle "friends" and family members who spout conspiracy theories to avoid getting the flu shot

like

I’m a PV consultant, typically coming in as interim Heads of PV and helping clean up disasters. Considering going back into Pharma- what si the base salary of a Head of PV typically? I currently command $250-300 per hour

like

Considering that the end of this year will probably signal the start of a recession, is this a bad time to jump into a new role in Pharma?

like

Anyone here work @ Novo Nordisk? I have a sales interview tomorrow morning for diabetes care specialist

like

Hello Fish! Does anyone have experience working for IQVIA in a non consulting, corporate role? How’s the work culture?

Got an interview coming up for Takeda Pharmaceuticals. Position: Marketing Intern.
Any suggestions on how should I prepare myself?

What type of drug test are they going to do?

Does anyone work for Biogen or BMS I have a free questions on a couple of positions I'm interested in.

I have an interview for a technical writer position in the chemistry field. Coming from a lab based chemistry role I'm use to getting technical questions about my lab experience. With this role I'm interviewing for being office based, I'm not sure what questions they may ask. What interview questions can I expect for a technical writing position?

like

Does anyone work for Boehringer Ingelheim? Would love to ask a few questions!

like

Patient advocacy leaders in Pharma- anyone interested to chat? I work for a patient recruitment vendor and am super interested to move to Pharma. Would love insider info!

like

Which company is better for tech management role - J&J or Amgen ? Looking for comments around WLB, internal growth, compensation etc.

like

What are your thoughts of switching jobs in the beginning of this recession? Would you stay if you had seniority? Current company’s a start up that has 18 months of run way but budgets are tight for next year. Acquired tons of sites and has 3000 employees. Thinking of leaving for smaller pharmas.

like

What’s an appropriate base salary for a pharma marketing DTC Director for a blockbuster biologic that’s on tv? What are typical bonuses and LTI? We only have 18% bonus and $37k LTI per year (approximately depending on stock price) for directors. Our base salaries are all over the place for directors.

like

Hi Everyone! I'm looking to transition from healthcare consulting to pharma / biotech preferably in BD / corporate strategy roles, especially in LA area. Would appreciate if you can share your experience if you have made the amas transition (roles? Work type?). Looking to get a sense of what type of work exists out there.

For context, I've a PhD in Life sciences and 1.5 YOE in healthcare consulting at a boutique consulting firm

like

I accepted a $115K base salary, 13% bonus, 10k sign on bonus (scientist supervisor) job and two weeks later, got a $135K base, 17% bonus, and 15K sign on bonus (Senior scientist role) offer from another company. Should I accept the new offer ? How do I tell the previous company about this? Also, I’ve already negotiated with the first company and the $115K base is the negotiated salary. I really do not prefer one company over the other. They’re both great! I’m very confused here. TIA🙏

likeuplifting

Do you have to know some within AmerisourceBergen to work for them? I feel like I have tried 5 times to work for them and nothing has happened.

like

Any open scientist positions in Florida ? TIA

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal