The pharmaceutical industry is a major driver of job growth in the United States. Currently, the industry employs more than 267,000 people, according to the most recent data from the National Association of Manufacturers (NAM).
The pharmaceutical industry is expected to continue to grow in the coming years. The BLS projects that employment in the industry will grow by about 19 percent between 2021 and 2031. The majority of these jobs will be in research and development, as pharmaceutical companies compete to develop new and innovative drugs.
What Is The Pharmaceutical Industry?
In the United States, the pharmaceutical industry is responsible for the development, production, and marketing of medication. The industry is highly regulated by the government in order to protect consumers from harmful or ineffective drugs.
The pharmaceutical industry is a vital part of the healthcare system. It plays an important role in developing new treatments and medicines to improve the quality of life for patients.
How Many Jobs Are Available in Major Pharmaceuticals?
The U.S. pharmaceutical market is projected to jump from $589 billion in 2022 to $765.9 billion by 2027, according to a new report from research firm statista.com. The increase in revenue is due to a number of factors, including the aging population and the introduction of new drugs.
As the pharmaceutical industry brings in more revenue, they should also hire, but it mostly depends on the specific role. For example, while pharmacist jobs are projected to only grow by 2% through 2031, according to the Bureau of Labor Statistics (BLS), medical scientist jobs should increase by nearly 17% over the same time period.
Pharmaceutical manufacturing is among the highest-growing industries. In 2022, the National Association of Manufacturers reported that pharmaceutical manufacturers employed an estimated 267,000 people in the United States. These employers include startups, midsize companies, and huge corporations.
The BLS (Bureau of Labor Statistics) projects that there will be about 19% growth in new jobs created in this field over the next ten years. The vast majority of these new positions will be in research and development. However, there will also be opportunities for people with sales and marketing skills, as well as those with experience in production and quality control.
How Many Jobs are Available in Consumer Durables in 2023?
8 Best Paying Jobs In Major Pharmaceuticals in 2023
1. Pharmacology Professor
The job role of a pharmacology professor is to teach students about the effects of drugs on the human body. They must have a strong knowledge of how drugs work and be able to explain this to their students in a way that is easy to understand.
Pharmacology professors typically make a $90,000 salary per year and can expect job growth in this field. The job outlook for pharmacology professors is positive, as there is expected to be an increase in demand for these professionals in the coming years.
Their Primary Responsibilities are:
- Teaching
- Research
- Serving on committees
- Attending faculty meetings
- Participating in departmental activities
2. Clinical Research Coordinator
As a clinical research coordinator, you will be responsible for managing and coordinating all aspects of the clinical trial process. This includes working with the investigators to develop the protocol, budget, and timelines coordinating the activities of the research team, and ensuring that all regulatory requirements are met. The salary for this position is $53,000 per year on average, and job growth is expected to be about 7% from 2022-2030.
Their Primary Responsibilities are:
- Coordinating research team activities
- Monitoring participant safety and data integrity
- Analyzing and reporting data
- Assisting with grant writing and budgeting
3. Pharmacologist
Pharmacologists play a vital role in the development of new drugs and treatments. They work in both the public and private sectors, conducting research and working with patients.
The average salary for a pharmacologist is $82,000 per year. Job growth is expected to be above average in the next decade, with an estimated 18% increase in jobs. The job outlook for pharmacologists is very good, with strong competition for positions.
Their Primary Responsibilities are:
- Developing new drugs and medications
- Studying the effects of drugs and medications
- Designing clinical trials
- Analyzing data from clinical trials
- Testing the safety and effectiveness of new drugs and medications
4. Medical Writer
Medical writers are in charge of creating and editing medical documents. They typically have a background in medicine, science, or writing. The median salary for a medical writer is $104,000 per year.
Growth in this field is expected to be about average, with about 9% growth between 2016 and 2026. The job outlook for medical writers is good, as there will always be a demand for accurate and up-to-date medical information.
Their Primary Responsibilities are:
- Writing regulatory documents such as clinical study protocols and reports
- Developing educational materials for physicians and patients
- Creating content for continuing medical education (CME) programs
- Consulting on medical writing best practices
5. Pharmacometrician
A pharmacometrician is a scientist who uses mathematical and statistical modeling to analyze the effects of drugs in the human body. They play an important role in drug development and help to ensure that new drugs are safe and effective.
Pharmacometricians typically have a Ph.D. in mathematics, statistics, or a related field. Salary levels vary depending on experience and location, but pharmacometricians with several years of experience can earn six-figure salaries.
Their Primary Responsibilities are:
- Modeling drug effects on various patient populations
- Supporting clinical trial design and analysis
- Generating drug dosing recommendations
- Interpreting and communicating results to various stakeholders
6. Drug Safety Scientist
A drug safety scientist is responsible for ensuring the safety of drugs and other products. They may work in a variety of settings, including pharmaceutical companies, government agencies, and research laboratories.
The job role of a drug safety scientist includes conducting research, evaluating data, and writing reports. They may also be responsible for communicating with other scientists and stakeholders about their findings.
The average salary for a drug safety scientist is $101,000 per year. Job growth is expected to be strong in this field, with an estimated 11% increase in jobs between 2019 and 2029.
Their Primary Responsibilities are:
- Evaluating the safety of new drugs
- Identifying potential side effects of new drugs
- Conducting research on the safety of new and existing drugs
- Educating healthcare professionals and the public about drug safety
7. Formulation Scientist
Formulation scientists in pharmaceuticals develop ideas for new medicines and oversee the production process. They typically have a bachelor’s degree in pharmacy, chemistry, or a related field. The median salary for a formulation scientist is $85,000 per year, with job growth projected at 4% from 2019-2029.
Their Primary Responsibilities are:
- Developing new drug formulations
- Optimizing existing formulations
- Designing and conducting experiments
- Interpreting data and results
- Generating reports
- Collaborating with other scientists
8. Microbiologist
A microbiologist studies organisms too small to be seen with the naked eye, including bacteria, viruses, and fungi. They use a variety of techniques to grow, identify, and quantify these microorganisms. Microbiologists typically have a bachelor’s degree in microbiology or a related field.
The median salary for a microbiologist is $56,260 per year. Employment of microbiologists is expected to grow 7 percent from 2019 to 2029, faster than the average for all occupations.
Their Primary Responsibilities are:
- Isolate and identify microorganisms
- Study the growth and development of microorganisms
- Investigate the role of microorganisms in disease
- Develop new or improved techniques for diagnosing and treating diseases
- Study the effects of antibiotics and other drugs on microorganisms
- Conduct research to develop new ways to control or eliminate infectious diseases
8 High Paying Positions with Jobs Opening and Salary
| Position | Job Openings in the U.S.A | Salary | Growth Rate – 2030 |
| Pharmaceutical Sales Representative | 1,625,000+ | $62,890/year | 5% |
| Medical Scientist | 108,550+ | $104,050/year | 17% |
| Epidemiologist | 7800+ | $78,830/year | 26% |
| Research Scientist | 3300+ per year | $73,168/year | 21% |
| Pharmacist | 323,500+ | $128,570/year | 2% |
| Pharmaceutical Financial Analyst | 373,800+ | $125,450/year | 9% |
| Biomedical Engineer | 19,300 | $98,610/year | 10% |
| Biostatistician | 44,800 | $145230/year | 33% |
Final Words
The pharmaceutical industry is a booming sector with plenty of job opportunities available for those with the right skills and qualifications. With an aging population and advances in medical technologies, the demand for pharmaceutical products is only going to increase. So if you’re looking for stability and job security, a career in pharmaceuticals will be a wise choice