Top 10 Biotech Jobs Most in Demand over the Next Decade
In Which Occupations Are Employers Most Likely to Create Jobs in the Years Ahead?
For all 10 occupations highlighted in its latest Occupational Outlook Handbook, the U.S. Bureau of Labor Statistics projected smaller increases in jobs from 2014-2024 than it did between 2012 and 2022.
- The educational foundation of Massachusetts’ biopharma group MassBio recently delivered a sunny forecast for continued industry job growth, in the Bay State at least. MassBioEd is projecting a 6.7% increase in jobs in the three-year period ending May 2018, or 4,325 new jobs, according to its recently released Digest of Biotech Jobs Trends in Massachusetts.The occupation expected to see the highest demand is medical scientists except epidemiologists (619 new jobs), followed by biochemists and biophysicists (408), then sales reps, wholesale and manufacturing, technical and scientific products (224). The next three highest growing biopharma-related occupations noted by the study included chemists (208), biological technicians (162), and microbiologists (144).However, not all the job news of late is good. According to National Science Foundation data released along with the NSF’s updated “Doctorate Recipients from U.S. Universities” report in April, less than half (48% or 4,336 of 8,991) of the Ph.D.s who received their doctorates in the “biological, biomedical sciences” in 2014 reported definite commitments for a job, a postdoc position, or a return to predoctoral employment. Yet, as one critic of the NSF report noted, students answer NSF’s Survey of Earned Doctorates months before they receive a degree or focus on their career beyond school, so the actual percentage may be higher.More sobering, the number of biopharma job cuts between January-April of this year has climbed 63%, to 3,883 from 2,380 during the first four months of last year, according to Challenger, Gray & Christmas.Below is a list of 10 research and clinical biotech occupations projected to add jobs through 2024, according to the U.S. Bureau of Labor Statistics’ (BLS’) 2016-17 Occupational Outlook Handbook, ranked in order of the number of expected additional jobs to be created between 2014 and 2024. Each occupation also lists the number of jobs in 2014 as counted by BLS, the percentage increase between 2014 and 2024, the median pay per year in 2015, and a description of the position.The Occupational Outlook Handbook appears on the surface to paint a more optimistic picture of biopharma employment than Challenger Gray. However, for all 10 occupations highlighted in the Handbook, BLS projected smaller increases in jobs from 2014-2024 than it did between 2012 and 2022, according to the 2014-15 edition of the BLS report. Those earlier estimates can be seen in GEN’s 2014 List of Top 10 Biotech Jobs Most in Demand over the Next Decade.
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