Pharma vp salary reddit reReddit: Top posts 20 votes, 29 comments. Here in big Pharma, VP is a really senior job title. Expect 20-40% less than other Big Pharma companies for a comparable role (worse if you are a scientist or tech worker). I left mid/large pharma in NJ, was an AD. Also a pension, but tbh don't remember how it works atm. My VP didn't like some of my placements. But would have to be a leading a team Get the Reddit app Scan this QR code to download the app now There are not 30,000 pharmaceutical VP jobs just laying around my dude The fact that this has to be Every pharma wishes they were a biotech and every biotech wishes they were a pharma, so I treated them equally in the spirit of inclusivity. I applied to numerous jobs at hospitals and some pharma companies. Total lifetime earnings will almost unanimously be lower. There are associates who get paid less than a high performing analyst or more than a low performing VP. I also teach two classes a year in the city for another $27k. VP not so high as to break this trend on the salary I think. In a pre-IPO biotech a 10-100x increase on the equity is possible when you consider that options for common shares are priced at 50 to 80% discount to preferred shares which have a multiple into the IPO price. Each salary level and years work result in different level of bonus. 5/hr (might be a little less due to fiddling with CoL adjustment but my boss is trying to get me a mid-year raise). Telix Even in the same area salary’s can vary drastically from company to company. Equity (annual): Performance-based, about 10% of salary when earned, ~$10k or so. Like it takes 5 years to really see your career growth. ~95k base with 11% bonus. Don't settle unless you have too. Bonus at my current job is 12. 97 per hour for Packaging Technician to $31. 2 years after that got another job for 130k. Usually you start at 10%. I also maintain you’re in the top few percent of contract CRAs. You don’t need a PhD to teach. After a year I started another job at 115k. This is the place for passengers to asks their questions and get answers for an upcoming flight. I know others who have up to 20% those are usually directors. 5% annual of base salary OP, retiring_before_40 posts a lot of contradictory information: he is crushing it making $240k with two jobs, he’s getting PIPed as of last week, etc. He’s been labeled a troll by multiple regulars on here. I know there was a survey for this year’s salary but I feel like there is a discrepancy of salaries back in early this year vs late this year. r/limerickcity is a vibrant online community dedicated to celebrating the captivating city of Limerick in Ireland. EDIT: Find a director level or above person. Pharmaceutical sales salary According to Med Reps, pharmaceutical sales reps boasted an average salary of $158,013 in 2021. However other roles in tech companies pay more similar to other industries. I can say that When I started I took a lower salary but within 3 years My salary increased 48% simply by changing VP Salary is $118,000 with most topping off before $300K This is fairly good evidence that no CEO is worth more than $1MIL/year. 239K subscribers in the MBA community. but I totally get you with guys having 180k. This is a scientist entry-level job, requiring a PhD and relevant experience. Total comp is very important too… typically base for Associates max out at $160k or so, VP base max out at $200-220k, directors $300-400k and MDs step up to $400-$1M (never heard of a MD making more than $1M base a year). Even in FP&A. I’m considering leaving academia to work as the VP of R&D for a startup I helped launch. Salary: $265k. 5k? Or $5k in stocks each year. $275k base, 30% bonus, 40% RSUs (4yr cliff vest) Potential move: VP R&D strategy reporting to CEO at early biotech (25 employees, $25M Series A in 2024, Series B mid-2025 targeted >$50m for the raise) What should I target for base + bonus + equity? Jun 6, 2024 路 The average salary for a Vp Pharmaceutical is $230,380 per year in United States. Welcome to r/TSA. The role itself is not clinical. Also biotech and pharma jobs tend to be in HCOL and VHCOL places. Promotion to VP after 5 years as Director, so probably $30-$40k with that promotion. There are senior level VP’s (junior MD’s really) that can def command base salaries in the 200-300k range. details below!! Please give the following details at least, ofcourse the more detailed the better: Comprehensive Job Title (e. The average QuVa Pharma salary ranges from approximately $34,648 per year for Material Handler to $315,912 per year for Chief Financial Officer. Some directors do have managerial responsibilities while some won't. I don’t think 115k base salary is a bad salary for a PM, but you could probably do more in normal Those jobs are basically "incumbent jobs". Click here to see the total pay, recent salaries shared and more! Jun 6, 2024 路 The average salary for a Pharmaceutical Vice President is $278,279 per year in United States. After months of job hunting, I landed a job as a contractor at a large pharmaceutical company. D. Once you're married with kids, salary compromise is not an option. It’s not uncommon for a position to be turned down by multiple external candidates due to low pay levels. Pay is well below average for Pharma, especially after Covid. Director. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. RAPS 2022 Salary Survey . I have seen the recent salary survey but the sample size is small for senior director. Click here to see the total pay, recent salaries shared and more! Here, we rank the top 10 most generous biopharma companies, ranked by median employee pay in 2018. People the VP viewed more favorably stayed and those the VP pushed down left, as did I. What do you think is an achievable (realistic) peak career title and salary that you hope to achieve in your 40s/50s where… 2022-2023- Medical Operations Manager in house pharma £70k (was made redundant and was given 6 months salary on the way out - half of which was not taxed-despite only working there for less than a year in the end) A pharma VP is a steady path to fatFI but less likely it comes early. Source: US-based regulatory affairs compensation. Big pharma has many support functions with many people in none director roles. I started out in 1996 in the digital marketing space. A couple of months ago another company recruited me and started me at $95k base. Sincerely yours, director level big pharma. Apologies if this question has been asked before. I have searched the sub, but the classical response is "come work in the US" 馃槉 I am wondering if someone has first-hand experience with the salary range of Associate Director, Director and VP in Toronto and Montreal area. There is always another SaaS company on Series C that has a huge budget to hire a bunch of reps. I'm currently working in the position. Been in Commercial Real Estate sales and management for about 11 years and change now. yea i have to echo this. The vast majority of these jobs that pay that much are VP/Director level jobs where people get moved up into the position, or its hired out to someone that was really moving up in the world with some desired qualifications (e. All these salaries were at base salary only. 5% target bonus, 20% LTI. For the US, VP comp enters rarified air and there should be significant negotiating power by the applicant. How much is the basic salary of a medical writer per month? in big pharma would be $95-115k/year plus 10% bonus $170K-$180K. Unless you’re incredibly lucky in biotech or big pharma or just super brilliant or hardworking and make it to a VP or director role, you will never earn a similar salary to a physician. Anyone who says experience is worth more is selling something. You just need to have relationships. g Prodman, FPA in MNC, Investment Banking, Consultant, etc. With 20,000+ members, it's a platform buzzing with people sharing stunning photos, historical anecdotes, events, and insider tips. I have no idea what’s the truth, but I would suggest relying on his salary information with a bit of caution. Although this is a high of almost $6,000 from 2020, it is because of a high base salary, which was estimated to be an average of $115,244. Where I worked (from lowest R&D rank to highest): Lab tech - Research assistant - Senior research assistant - Research scientist (PhD usually required for this level and above)- Senior research scientist - Associate director - Director - Senior director - Vice President - then higher corporate role like head of biologics or head of R&D etc reporting directly to CEO Work in manufacturing for a big pharma in the midwest. Or was last time I looked a few years ago. From what I have gathered, the med-device industry has more QA-based roles with a better salary, on the other hand, the pharma RA job is more regulatory-based but has low compensation. I started off as a temp for $11/hour, then after 8 mobths got hired on at $22/hour, after about 2 years I make $30/hour. Salary growth from director to VP to SVP to CEO and you could be pulling in $25 million per year in a total comp package (Alex Gronsky in 2023). So I currently work MWTh 830-5 with 1 hr lunch but counts as 30 min (it clocks as 30 min lunch plus 2 15 min breaks at once), and planning to increase by 1 day to count towards PSLF 10 years of experience in pharma exec recruiting here. Not sure about devices, but seems like once you hit 50-55 the pharma industry is kinda done with you. Again, just getting your foot in the door in a pharma company is the first step, I listed my job qualifications above, Distributed pharmaceutical marketing propaganda, including clinical studies, multi-colored pens and office stationary. If you get into a good biotech or pharma company, you can expect to advance and increase your earnings. I have been offered 3. Pay benefits and highlights at Pfizer I think QA could be anywhere from 50k to 200k if you are entry level to a VP. I’m trying to get a good handle on salary ranges for the negotiations but the numbers I’m seeing online are all over the place (ranges from $120K - $450K depending on which website you trust). Most new grads have no idea about COL and just look at the /hr (without even considering hours) , some new grad was bragging recently about 55 in NY, that’s if you switched jobs you'd probably get 50% more if not double the salary. 80% of my placements are MD's I had an offer for a candidate yesterday at $415,000 + 25% and other benefits as a VP. I’ve held two different VP titles. Executive director titles are a participation trophy for Sr. After all that it can take 4-6 weeks to even hear back. A Sr. Went to this company because of more advanced pipeline Current: director R&D Strategy (rare diseases) at major pharma in Bay Area (3 years of experience). com. 5% each year after 5 years and it takes your highest salary making year at lilly. Well, the Regulatory Affairs Professionals Society (RAPS) does a regular survey to ask about things like compensation. EMWA 2021 Salary Survey . - All reddit Age: 34 Role: Sr. true. Source: EU-based regulatory affairs compensation. Jobs, Saturation and Salary Looking for a link to the highest paying (non -retail) pharmacist job out there. Role: Validation Engineer Industry: Pharma Location: SF Bay Area Work Hours: Varies, usually 40-45. Started with my bachelor’s in biological engineering then got a Master’s part-time paid for by work (no bearing on salary). L/M-COL. You’ll notice that most of them have just one or a few products and number their employees in I know it's been a while since your commentbut I'm trying to move to a pharma manufacturer, ideally one of the larger ones, from a secondary pharma wholesaler. Maybe consider that move if you want to up your work-life balance one day. I have zero visibility on others' salary in our company and others. I will assume you got downvoted because this is not typically a role post-fellowship. Retirement: 6% base 401k match, up to 12% pending company performance. Title: Data scientist (finance at big pharma) YOE: 4 after dual masters in engineering and life science Salary: 234k (170 base, 20k RSU, 27k bonus, 17k 401k match) Annual incentive bonus worth 2-4x of monthly salary depending on company and personal performance for the year. there are these companies that got 100mill series B funding and Got into specialty pharma sales last year with no prior pharma experience, started at $60k salary and did about $36k in commission. . 6% 401k match. Asset Management, investor, Morgan Stanley (3rd year vp, promoted), 45-50 hours per a week, 500k Me - Corporate strategy, BB (1st year director), 40-45 hours per week, 375k IB BAML (3rd year VP, promoted), 60-70 hours per week - $390-400k expected…even last year at the height of the bull market was only $430k So I'd expect another $30k with that promotion. 265 votes, 47 comments. I led the country, leaving at least 100 lbs per week of printed material at offices Competitively "out-lunched" other pharmaceutical reps, by delivering better lunches, double-dutch chocolate cookies and other treats. RAPS 2022 Salary Survey. I work in Pharma and have an Associates in Biotechnology. Director Marketing Strategy (in process of getting promoted to VP) Salary: $242k base + $115k bonus and RSU Country: HCOL part of US Reply reply 10191AG ‘14: 65k (midwest middle of nowhere pharma plant in projects) + 6% 401k match ‘15: 75k (consulting engineer for same pharma company above at different location) bumped to about 92k in early ‘20 and dropped during Covid to about 87k due to mandatory salary cuts. I applied to a job position two weeks ago at a very large and important Pharma company. If you look at the extensive salary spreadsheets out there you’ll see the trend is 50/hr almost nationwide, where it’s higher once you account for COL, it also equals that or less. Almost 5 YOE. It's so easy for a young rep making $50k in Jackson, Mississippi to jump at $125k in Alexandria Va. AD is a common terminal level in pharma which is more like L5/E5, granted someone would make L5/E5 faster in tech than to AD in pharma. On the other hand, a pharma VP might become C-suite at a biotech. That being said, it is difficult to give a good salary range for pharmaceutical reps because each company approaches pay differently. the behavior of reddit leadership in implementing these changes In big pharma, titles reflect salary grade. Then maybe when my kids are raised and the financial need is less move to a organization making more of a difference. If you are lucky you can have a panel interview where all 4-6 people are in the zoom call but even after that the waiting sucks. Right now, I am hearing more of 120-130K. Salary: $42. In big pharma bonuses and stock are usually more stable. Reddit . The x-axis was future growth any y-axis was performance. g. Salary was £55k 3 years ago in same role with 20% bonus Salary (annual): $133K Cash Bonus (annual): $13. It’s dependent on the COL, Role, Industry, company size, current job market, etc… There isn’t a real easy answer when it comes to starting salary. Some people in the FDA advised me to start off in Industry and get the higher salary. Yearly raises are typically 2-3%. But moved earlier this year, with 3 offers with small biotechs with fairly similar comp. Salary in big pharma in Canada . Jun 6, 2024 路 The estimated total pay for a Vice President Pharmacy is $361,749 per year, with an average salary of $202,889 per year. In pharma the pay is much better, but I suppose the difference is that in pharma you are maybe not making as much of a difference. It may seem like everyone in big pharma is a director but that's because these are the individuals you interact with most given your job or department. I was surprised to see an email from the VP of the company wanting to talk with me for 30 minutes in response to my application. Salary Information Graphs by Job Title: Startup VP is not necessarily equivalent to big pharma VP. ) PROFILE Salary in Hand, Bonus and CTC. Averaging like 4k in RSUs each year. 53 votes, 88 comments. Jun 6, 2024 路 The average salary for a Vice President is $277,013 per year (estimate) in United States, which is 43% lower than the average Pfizer salary of $491,739 per year (estimate) for this job. For a director level: on average ~$210-240k base with 20-25% bonus, while LTI aka RSU YMMV, I am getting 20% from my base ~35-40K but folks have commented that they are getting $100-125K in the Boston area. Reply reply Gold-Assistance8558 1- Considering you mentioned only having a BSc and didn’t complete an MSc, do you feel at a disadvantage climbing the pharmaceutical ladder and if so what level of education do you believe is ideal in order to secure the high paying jobs? Next it can be with the VP or hiring managers manager, followed by 3-4 with other team members. Plus there a countless small and medium sized biotech and Biopharma companies that need expertise at the intersection of business and healthcare. The salary is higher in Industry and after Fellowship generally the salary/growth would take a significant jump. Keep at it! MBA Salary Megathread (I) MBA's!! Please share your salary and exp. 5K from a small berlin startup but am too lazy to switch jobs again. VP & above starts at 26 days PTO no matter previous experience. 5 weeks Holidays/Vacation, 15% 401k contribution. He is like above 10000 people. Median income of employees: €69,500 (€90,000 for 15+ years experience). Don't forget things like 401k match or pension as well. *MedDevice tends to have comparable salaries, sometimes 10-20% less at each level depending on company Dec 7, 2024 路 How much does QuVa Pharma in the United States pay? Average QuVa Pharma hourly pay ranges from approximately $17. Industry: Pharma Years of experience: 4 years in pharma Education: Doctor of Medicine plus specialty training Advice to people: try to explore outside your comfort zone. However if i search for jobs on naukri/shine or glasses , i see that most jobs have a ctc of 6-10 lakhs. My experience is on the broker/dealer side, not banks, but someone who's doing very basic systems tasks and email reviews may only get paid $40-$50K whereas someone setting policies for a major company with lots of direct reports would be closer to $150K. At lower grades UK tends to be like 2/3 US after foreign exchange rate. What’s the exact role? If it’s an entry level VP, that might be fair base salary. So i was browsing the salary threads on this sub , how every average Joe is saying they are earning like 15-40 lakhs . Bonus and stock. Rose up through the operations wing until I had ~300 people reporting up through me. As for salary, I've made as much as $250K at the director level and as low as $120K (without a chance of making bonus). Add an extra 0. Ask them straight up you want them to mentor you for X months, meeting once a month. At most pharmas in the US VP total comp could go anywhere from 500-900k. It could've easily been 5 startup respondents. Before year end they gave me a $10k raise in salary. Had a 6% 401k match. The highest paid person that isn't a supervisor in my department has a degree in Industrial Pharmaceutical Technology, not sure how long that took. Bonus targets can also be in the 15-25% of your salary range, and there may be a performance multiplier in the 1-1. If he’s a pharma VP he can probably survive for a year without a salary. Have also placed numerous Chief Medical Officers into small biotech who have been given circa $400k base salaries and stock options that have returned in the millions after I will say I’ve likely hit my peak in pharma. Bonus plan increases with each promotion, but not sure exactly what it is. Getting contributions towards a pension Ive switched from CRO to Big Pharma to now even bigger Pharma and it‘s crazy how slow things get, the bigger the companies get - even in Clinical Research. 5x pay above 40 hours, 2x above 60. The average Telix Pharmaceuticals salary ranges from approximately $68,951 per year (estimate) for a Support Worker to $366,051 per year (estimate) for a Sr. Salary: $91/hr (base salary) but no benefits (I have benefits through my husband thankfully) Hours: got hired for 16 hr but they said I can work up to 40hr. He will have a. it's probably director level position in a big sillicon valley corpo. I even applied to a small fellowship after I graduated, but I didn't get an interview. Finally I got a permanent salaried job in 2016, making $75k, and had a little more salary growth since then. They will reduce carry over, it comes with statements encouraging us to use PTO, but let's see how that works in practice. Apply to Vice President, Vice President of Quality, Vice President of Strategy and more! I am wondering if anyone here is a pharmaceutical sales rep or knows someone who does this for a living and can share a salary range. Severance package probably. I was making $35K salary plus bonus and was involved in some of the first e-commerce websites for companies you know well and some obscure online banking systems, in that job. As a undergrad with a degree in Biology, what are my options for a career in… I have checked the salary survey, but there is no data available. Learn about MBA programs, applying to them, and what life is like while in one and… I 100% agree with this guy, the people with the largest salary jumps have all been the people who have willing to "take risks" and job hop. 5 range. Good to know. 5k base, up to close to $25k depending on performance. I worked at a crappy academic lab for two years $32k, then two two-year contract jobs $45k and $70k. Company/Industry: Public company with an R&D focus. USA vp of med device start up $150 to $200 k is realistic. Promoted twice so far. My starting salary was 108K base with 14% bonus, this gave me around 122K in total compensation Been here for 5 years with 1 promotion, and now. Location NJ, big pharma Update: thanks everyone for your great feedback, I want to quickly summarize the numbers I have thus far. What is the range of base salary for senior director in a biotech (-150 people)in Boston area? Get the Reddit app Scan this QR code to download the app now Looking for PM to VP to CPO guidance. I’m currently a director and my base is around $200k, aiming to land a senior director position. But make sure that you really do your research or you could end up tripling your salary at your new position, and have a much lower standard of living. I had a rotation at the FDA and was told that career progression and salary is slow at first. If you're in your first 5 years of your career, salary should be 1 piece of the puzzle (definitely still important. $107K for only 4 years experience is Yes, and if you try to compare that salary against salary for a role that offers 20% bonus and $100k in RSU, you would be doing yourself a disservice not to consider total comp. My first jobs working out of high school were as a pharmacy tech, and after doing that I moved into a pharma consulting company doing entry-level tasks. 1. Thought it would be helpful to post this here as I saw a salary discussion pinned by the mods: I have worked on RA jobs for Drug Development Companies from small Biotechs up to top-5 worldwide, as well as CROs. 140K base with 17% cash bonus, 10K stock a year (vested for 3 years) = 175K in total compensation. I have 7 years of VP Sales/Operations experience (but as a small secondary we had around 80 employees and did around $120m/annually which is nothing compared to one of the big companies). Great company but always get confused when I see the expected salary of a senior vice president in Glassdoor. Glass door says average SE earns 45-70k in India 135 Vice President Pharmaceutical jobs available on Indeed. was a director at company A and then gets hired at company B as VP). My friend went from $60k to $125k in 4 years, switching jobs 4 times and getting a 20% raise each time. Don't know about Medical Strategy Another thing to consider is not locking yourself into the VP title, as levels vary wildly. At lower salary level you are gifted $3. After VP it gets even more political as above that it's "Senior VP" and then COO. I work at a big pharma now after Ph. Equity grants can be all over the place depending on your Obviously the salary is adjusted based on cost of living for the position. I will likely stay in pharma and move to the health outcomes division when I graduate. 39 votes, 20 comments. 54 per hour for Equipment Mechanic. In the midst of a career change. Base salary could be anywhere from 250-400k and bonuses/LTIs are around 90-100% base. Base salary was 185k, 18. It's hard to find compliance salaries online since there's such a wide range in responsibilities. *You will note overlap, I am drawing from data points across the averages of a large sample size of companies, in Pharma. If you're young / unencumbered by family or commitments, you can take the lower salary in exchange for great experience/exposure. This sub also serves as a forum for current TSOs. QA is one of those jobs where you need to know the technical side of things first in order to then look at it from the regulatory side. For example, a VP at Amazon could lead an organization of 10K people and typically has >30 years of experience. I know I saw one 2 months ago that was paying $226K/yr, plus a 19% performance bonus. The medical writer cap is about 150k-180k but after that you can also consider director or VP roles which pay much more. Everyone can carry over up to 15 days (120 hours, since we assign PTO by hours), but they are changing that for this year or next. Manager at Amazon could be a VP at lots of other companies, sometimes pretty big ones. Not likely gonna ride to VP level but made to Sr. Directors who have been around too long but the company doesn't want to pay them a VP salary. MBA Candidate - $0 salary; ~$200k in tuition and living expenses 2019 - 2021 Investment Banking Associate 0 - $150k salary, $10k relocation + ~$30k signing bonus + ~$40k stub year end bonus (can't remember the exact figure). One of my now several layoff experiences involved rating my department within a 9 box grid (like an Eisenhower priority matrix). Each profession has it's positives/negatives, industry is just a different set of +/-'s. Danaher | MBA Summer Associate | Bay Area | $120k salary pro-rated for summer | $7,500 Exploding Bonus | $7,500 Stipend Full time was a 6 year program that had you come out at VP / GM level, this was not a guarantee though and through out the program if you weren't on track they would let you go before finishing the program. The average Telix Pharmaceuticals hourly pay ranges from approximately $48 per hour (estimate) for a Radiochemist to $48 per hour (estimate) for a Radiochemist. At the early year, I heard more of 115-120-being the market salary in Boston. Pharma companies – traditional companies, options offered at the director level, @ VP level ~ 300 base + 100k bonus + Stock 150k Observations – HARD to get to a top level in these companies, it takes a long career of success, strategic jumps, mentors, and luck. ) Bonuses will depend a lot on funding and company performance, but could be equal to 10-25% of your salary. Years of Experience B-school / Tier On the medical side at least, it's really tough to break into anything beyond medical director as the vast majority of them are MDs making around 150k (depends on associate vs senior, etc. I actually started close 87k when I started. 80 votes, 121 comments. Almost all reps are paid some sort of commission-based salary, but the base and commission can vary greatly. you should get a bigger bump on LTI and bonus as pct salary vs lower grades. rkwadb rpnadhx rnga xaadqi xrtqmn dhbnacf slgqghgm ohgple kbeifc yhq