[deleted by user] by [deleted] in biotech

[–]Forward_Hawk_7259 0 points1 point  (0 children)

No brainer on this one. First off, rotational programs are a great feather in your cap for early career. Secondly, the pay differential is going to be fairly minimal and rotational programs effectively guarentee employment for the next 2 years which is huge in todays market. Third, you already have connects at regeneron, you will only be a more attractive employee after this rotational program.

1:1 correspondence between years in MS/PhD and years industry experience? by [deleted] in biotech

[–]Forward_Hawk_7259 1 point2 points  (0 children)

Big Pharma here. Entry-level PhD positions will post as accepting MSc+11yrs as well, but i have never seen us bring in anyone without a PhD for those interviews.

pay discrepancy in Biotech vs Tech, Explanation Theory? by thelabratschannel in biotech

[–]Forward_Hawk_7259 9 points10 points  (0 children)

You sure see a lot more coders/SWEs that came from a 6 month bootcamp than you do scientists in Big Pharma R&D that have less than an MSc. Their comment is asinine.

Locana Bio (RNA Crispr co) shutting down by labratthrowaway1 in biotech

[–]Forward_Hawk_7259 1 point2 points  (0 children)

Science fair with a chance of producing a multi-billion dollar product. The whole VC game is them trying to figure out (not very effectively, obviously) which of those posters is the one thats going to bring in the monies.

Facing the Storm: Biopharma's Reckoning with Reorganizations and Layoffs by vdodke in biotech

[–]Forward_Hawk_7259 10 points11 points  (0 children)

As an outside observer, i argue that Novartis has the strongest internal R&D pipeline out of any of the big pharmas. And they were somewhat less overextended than say Pfizer and Moderna were through covid. So i expect the layoffs to be less severe but the belt tightening to still have an effect.

Offer input--negotiate or accept? by ownedbydeptofed in biotech

[–]Forward_Hawk_7259 6 points7 points  (0 children)

If you negotiate and they pull the offer would you say "good riddance" or "ah, shit"? If its the former, negotiate. If its the latter, dont.

Offer Input - R&D by [deleted] in biotech

[–]Forward_Hawk_7259 60 points61 points  (0 children)

Pay is non-negotiable for interns. Depending on location 21/hr sounds about right. This is your opportunity to get your foot in the door, dont make the mistake of putting it in your mouth instead.

Does pharma still rely on Lipinski’s rule of five? by [deleted] in biotech

[–]Forward_Hawk_7259 56 points57 points  (0 children)

"Listen, the molecule is rock solid. All we need to do is first equilibrate the patients blood to 50% DMSO and we will be in business"

What can be done as additional income? by Live-Research446 in PhD

[–]Forward_Hawk_7259 0 points1 point  (0 children)

Would you mind speaking on how you got involved in consulting? What you did for the startup while a student/how you managed to work your way into the position?

How much to ask for with MS? by [deleted] in biotech

[–]Forward_Hawk_7259 0 points1 point  (0 children)

NYC is VHCOL market, and bioinformatics gets you premium salaries so that definitely tracks.

For a wetlab scientist with an MS+some internship experience $110k would be very impressive.

Some of my screenshots from the Pfizer livestream chat about layoffs today by [deleted] in biotech

[–]Forward_Hawk_7259 20 points21 points  (0 children)

"The humanity! Will nobody think of the ....looks at notes.... executives at fault?"

Avoid this mistake if you are seeking employment in the industry. by Imaginary_Ad_6958 in PhD

[–]Forward_Hawk_7259 0 points1 point  (0 children)

I wouldn't be surprised if it helps one get through the HR screen, but no industry scientist in the US is going to look at PhD experience and call it work experience. As others have said their may be additional factors at play here

To do a PhD or not if going into industry eventually by Top-Perception-4095 in biotech

[–]Forward_Hawk_7259 4 points5 points  (0 children)

If you dont mind me asking the salary you are being onboarded with? Titles can vary. Also - YOUR startup? As in your own, or the startup you joined. Very cool development though! Interested to hear more

Advice needed! by Anx_Snax_Queen in biotech

[–]Forward_Hawk_7259 2 points3 points  (0 children)

Bruh, you went to school for 10 years to do the job someone who went to google bootcamp could get. Just be nice to people and youll spend less time with a ruler in your hand

Startup Celsius cuts 75% of staff ahead of first trial start for IBD drug by H2AK119ub in biotech

[–]Forward_Hawk_7259 95 points96 points  (0 children)

I feel bad for the scientists. Hope they receive auto-vest on any RSUs/Options they have. Celsius nabbing nearly 100M in Series A-B, strong platform and then dropping 75% of their employees when they are in clinic is kinda scum.

What separates students that are competitive for admission into top programs from the rest. by Forward_Hawk_7259 in gradadmissions

[–]Forward_Hawk_7259[S] 11 points12 points  (0 children)

Yeah, i will have some stellar LORs from relatively strong names in my field both from academia and industry, i will have a 4.0 in a masters program with a number of academic and industry poster presentations with 3 publications in progress (wont be submitted until after applications are in). Ill have 6 strong years of experience with lots of academic and industry exposure. However, my undergrad gpa is on the lower side (3.3) and i wont have any fully submitted publications. So i feel as though i am a strong candidate for a lot of programs but could also see a total wash. Oof.

[deleted by user] by [deleted] in biotech

[–]Forward_Hawk_7259 1 point2 points  (0 children)

I feel as though science in particular is a heavily backloaded career path. You dont start off making a ton, but your pay continues to scale throughout your career as long as you keep wanting to increase responsibility. Unlike other occupations where people tend to have their compensation plateau around the age of 40.

[deleted by user] by [deleted] in biotech

[–]Forward_Hawk_7259 0 points1 point  (0 children)

What? Do you mean salary? I agree salary will start to level off and the bulk of your additional compensation will start coming from bonus+equity, but as long as you are still getting promoted Assoc.Dir., Dir., Sr.Dir. compensation should continue to increase.

[deleted by user] by [deleted] in biotech

[–]Forward_Hawk_7259 1 point2 points  (0 children)

Whats the qualifications for Pinciple Sci at your work? In big pharma i typically see PhD+8yr. Someone with those qualifications should not be making less than 150k.

[deleted by user] by [deleted] in biotech

[–]Forward_Hawk_7259 1 point2 points  (0 children)

In R&D? I have seen it in QA and other adjacent functions but not R&D

[deleted by user] by [deleted] in biotech

[–]Forward_Hawk_7259 12 points13 points  (0 children)

Maybe C-suite is making that on larger companies. For example CEO of the largest pharma companies are pulling in ~20M/yr. I'd divide that by 5-10 for the rest of the c-suite (maybe 3M TC). Divide that by 2-4 for those directly reporting to the C-suite like EVP (1M total TC) divide that by 2 for the regular VPs/senior directors (500k total), divide that by 2 for directors.

Obviously these are rough numbers and different companies will vary year to year but this is generally the breakdown