The pharmaceutical industry is currently experiencing unprecedented levels of growth. This steady increase is due, in part, to an aging population in need of advanced medications. Recently, growth has accelerated even further amid pressure to develop vaccines related to COVID-19.
As the industry grows, so does the demand for qualified individuals to enter the career market.
Does The Pharmaceutical Industry Pay Well?
Pharmaceutical industry employees report high job satisfaction and salaries well above the national average, earning an average industry salary of just over $86,000 per year. Considering the positive career outlook and generous benefits offered across the field, it’s evident that pharmaceutical science is a wise career choice.
If you’re considering a career in the pharmaceutical industry, explore our list of top pharmaceutical companies to consider in 2022 and our tips to increase your chances of getting hired.
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Top Pharmaceutical Companies to Work For
Founded more than 170 years ago by Charles Pfizer and Charles Erhart in Brooklyn, New York, Pfizer is one of the world’s largest pharmaceutical companies, employing about 79,000 individuals. The company boasts a hefty portfolio of more than 350 products, including the popular drug Lipitor and the newly developed Pfizer-BioNTech COVID-19 vaccine.
Year after year, Pfizer receives recognition for being a top workplace both within the industry and on a larger scale. The company was ranked #94 in Glassdoor’s Best Places to Work 2022.
Internal growth and development are at the core of Pfizer’s culture. Current employees praise Pfizer’s people-oriented approach. When asked why she chose Pfizer, R&D Director Pamela Pegman responded, “It was the people that drew me in.”
The impressive benefits offered by the organization further reflect the company’s commitment to its employees. Benefits like free or reduced-cost vaccines, nutrition and fitness counseling, and financial planning education allow Pfizer employees to better themselves personally and professionally.
Although the company’s headquarters is in New York, Pfizer maintains two R&D facilities in the Boston area, located in Cambridge and Andover, Massachusetts. As an industry partner, Pfizer extends co-op and internship opportunities to Northeastern University pharmaceutical sciences students.
Novartis was established in 1996 through a merger of Ciba-Geigy and Sandoz with the goal of developing new products that contribute to human progress by improving health.
Based in Switzerland, the organization manufactures a variety of popular drugs, develops gene therapies for neurological disorders, and conducts immuno-oncology research. Novartis was named one of the Top 50 Most Innovative Companies in the World by the Boston Consulting Group in 2021.
The company takes pride in its people as its greatest asset. Novartis offers extensive benefits to its employees, including paid parental leave, tuition reimbursement for eligible expenses, and workplace flexibility.
Employees at Novartis are passionate about corporate social responsibility and support its mission to expand healthcare access in underserved communities. In September 2020, the Novartis US Foundation announced a $25 million commitment to address health inequalities in the United States, reinforcing the company’s mission to “improve and extend people’s lives.”
In addition to its headquarters in Switzerland, Novartis has major facilities located throughout Europe, Asia, and the United States. The Novartis Institutes for BioMedical Research (NIBR) in Cambridge, Massachusetts, is the headquarters for the Novartis global drug discovery network. Students enrolled in Northeastern University’s pharmaceutical sciences programs, such as the master’s in pharmaceutical science, enjoy co-op opportunities with Novartis at this and other locations worldwide.
3. Bristol Myers-Squibb
After noticing a need for high-quality medicines during his ten years of work as a surgeon for the U.S. Navy, Dr. Edward R. Squibb founded what would later be known as Bristol Myers-Squibb.
Bristol Myers-Squibb is a biopharmaceutical company focused on therapeutic areas including oncology, hematology, cardiovascular, fibrosis, and immunoscience. The company invested just over $11.35 billion in R&D in 2021 and continues to increase its investment year after year.
The organization also invests its resources back into its employees, which is why Bristol Myers-Squibb employees enjoy attractive benefits, including three weeks’ minimum paid vacation, undergraduate scholarships to children of employees, childcare services, and on-site luxury services such as automobile detailing and massage therapy.
People of all backgrounds are encouraged to join the Bristol Myers-Squibb team. Diversity is at the heart of the company’s mission. Women account for just over 35.7 percent of the Bristol Myers-Squibb workforce, and about 28 percent of the company’s employees are minorities. According to Stan, a member of the Strategic Operations team, “[At BMS], Diversity isn’t just race or sex. It’s [a] diversity of your skills, and people come in with diverse ideas, and they change things.”
In addition to the New York City headquarters, Bristol Myers-Squibb has research facilities worldwide, including two in Cambridge, Massachusetts.
In 1891, George Merck established the company to distribute chemicals throughout New York City. Today, the organization focuses on developing medicines and vaccines to treat cancer and infectious diseases such as HIV and Ebola.
Merck’s 68,000 employees work in many different areas, including research & development, manufacturing, regulatory affairs, and biostatistics. Merck ranked #9 on Fortune’s “20 Best Workplaces in Biotechnology and Pharmaceuticals” due in part to high job satisfaction and a comprehensive benefits package. At most company facilities, employees make an appointment to see a healthcare professional on-site, enjoy walking trails and fitness centers, and even take advantage of on-site dry cleaning.
Diversity and inclusion are at the forefront of Merck’s operations. Merck reported that 51 percent of new hires were female in 2018 and that the organization currently does business with 15,000 diverse suppliers globally. Celeste Warren, Vice President of Diversity and Inclusion, recognizes that “Diversity and inclusion have the ability to transform our culture, drive business results and advance our company’s mission to save and improve lives around the world.”
Merck’s world headquarters is located in Kenilworth, New Jersey, but the company also has two Massachusetts facilities: The Cambridge Exploratory Science Center and a multidisciplinary research center in Boston.
5. The Broad Institute
The Broad Institute of MIT and Harvard is a biomedical and genomic research center in Cambridge, Massachusetts. The institute aims to use genomics to better understand disease and develop new therapies and treatment strategies.
If you’re a curious individual who enjoys working with a team, you’ll fit right in at the Broad Institute. The company culture emphasizes collaborating with peers to contribute unique ideas. Employees, also known internally as “Broadies,” are encouraged to pursue mentorship and coaching opportunities to assist one another in personal and professional development.
Broad Institute employees enjoy a wide array of benefits and perks, including free on-site medical screening, fitness classes, tuition reimbursement, and company discounts.
The company also offers a generous 16-week parental leave policy, parenting support groups, and childcare financial assistance.
The Broad Institute encourages new graduates to start their careers as Research Associates, Research Technicians, Associate Software Engineers, or Associate Computational Biologists at the organization.
Biogen, whose research centers on preventing and treating neurological diseases like multiple sclerosis, Alzheimer’s disease, and ALS, was founded in 1978 as one of the world’s first global biotechnology companies.
The organization values its employees and is committed to promoting diversity and inclusion in the workplace. For the seventh consecutive year, Biogen was recognized as the ‘Best Place to Work’ for LGBTQ Equality in the U.S. by the Human Rights Campaign, and the organization scored 100 percent on the 2020 Disability Equality Index (DEI) for the second year in a row.
Career and development planning are a big focus at Biogen, where employees are encouraged to work with their managers to form a development plan. Biogen urges employees to “work fearlessly” and “learn more,” continually striving to be better. According to Cherie B., a pharmaceutical scientist on the R&D team, “Being at Biogen has changed me as a scientist and the way I think about asking questions that could potentially make a difference for patients.”
Biogen’s headquarters is a 325,000 facility located in Cambridge, Massachusetts, and they also have facilities in nearby Waltham and Weston, Massachusetts.
Sanofi, Synthélabo, Hoechst, and Rhône-Poulenc Rorer came together over a period of 100 years to finally become what is now known as Sanofi in 2004.
Today, Sanofi is the ninth-largest biomedical company in the world by revenue, selling more than 4.5 billion units of pharmaceuticals, consumer healthcare products, and vaccines in 2019. Sanofi’s subsidiary, Sanofi Pasteur, is the world’s largest company focused entirely on vaccine production.
The organization employs more than 100,000 people in over 100 countries worldwide. Sanofi’s employees are patient-focused, supporting the company’s mission to improve the lives of people around the world. Rachel Sibley, a Senior Account Management Analyst, shares that “Working for Sanofi in the rare disease space, I have seen firsthand how important it is to provide personalized support to your patients.“
Sanofi offers its employees robust health and wellness benefits, adoption and surrogacy assistance, tuition reimbursement, access to employee resource groups, and much more. The organization also encourages its employees to pursue philanthropic activities, providing ample volunteer opportunities and a generous matching gift program. In addition, Sanofi prides itself on being a diverse workplace and is ranked #28 on DiversityInc’s Top 50 Companies for Diversity list and earning a spot on the Working Mother 100 Best Companies List, distinguishing the company as a family-friendly organization.
Although Sanofi’s headquarters is located in Paris, the company has multiple facilities in the United States, including two in Framingham and Cambridge, Massachusetts.
Building a Successful Pharmaceutical Career
Each of these pharma companies has a specific set of skills and qualifications that they look for in their candidates. Still, there are certain steps you can take to become a more attractive candidate to any of these top pharmaceutical companies.
An advanced degree in pharmaceutical sciences, such as a Master’s in Pharmaceutical Sciences, Pharmacology, Medicinal Chemistry, or Biomedical Science, can help you to develop the skills necessary for success in the pharmaceutical industry and increase your chances of landing your dream job at one of these companies.
Northeastern University’s experiential learning opportunities provide you with real-world experience at some of the top companies in Boston’s ever-growing biotechnology and pharmaceutical hub. Learn more about how Northeastern University’s pharmaceutical science and biotechnology programs can help you begin your career in the industry.
- Bayer. 4.36. based on 252 Reviews. ...
- Intas Pharmaceuticals. 4.28. based on 687 Reviews. ...
- Viatris. 4.26. based on 626 Reviews.
Pfizer, takes the top spot in 2022, rising from sixth in 2021. Pfizer, specialises in the development of medicines and vaccines across a wide range of disciplines including immunology, oncology, cardiology and neurology.
The median salary at Infinity is $495,513, making it the highest-paying pharma company in the United States and placing it at number two on a new list of the country's most generous employers.
- Pfizer. Revenue: USD 81.3 billion. ...
- Roche. Revenue: CHF 62.8 billion (approx. ...
- Abbvie. Revenue: USD 56.1 billion. ...
- Johnson & Johnson (Janssen) Revenue: USD 52.1 billion (pharma sales only) ...
- Novartis. Revenue: USD 51.6 billion. ...
- Bayer. ...
- Merck (Merck Sharp & Dohme) ...
- Bristol Myers Squibb (BMS)
Actacvis is one of the best-paying companies with salaries at $106K, on average. Based on PayScale data, these reps make $97K following one to two decades on the job. See what drugs and pharmaceutical field sales representative jobs are available and apply today.
Comparably published its annual list about the places where employees seem to be happiest. HubSpot placed number one in the 2022 edition of the large employer ranking. RingCentral and Adobe followed behind HubSpot on the list of companies and government agencies with over 500 employees.
The top 3 Medical DistributorsAmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson Corp. (MCK) dominate the distribution of pharmaceuticals and are estimated to represent 90% to 95% of the market.
|3||F. Hoffmann-La Roche Ltd||2404|
|4||Johnson & Johnson||3767|
5 Biggest Pharmaceutical Companies in 2022
- Johnson & Johnson (NYSE:JNJ) ...
- Roche Holding (OTCQX:RHHBY) ...
- Pfizer (NYSE:PFE) ...
- Novo Nordisk (NYSE:NVO) ...
- Eli Lilly (NYSE:LLY)
Yes, it is hard to get a job at Eli Lilly and Company.
The company's hiring process is typically long and strenuous, consisting of many interviews and tests for certain roles. Nearly all positions at the company require professional experience and scientific knowledge, and skills.
Companies hiring in the Healthcare sector include CVS Health with an employee rating of 3.1 out of 5, UnitedHealth Group rated 3.6 out of 5, Kaiser Permanente with a rating of 3.9 out of 5, Labcorp with a 3.7 out of 5, and Philips rated 3.8 out of 5 by employees.
The highest paying pharmacists jobs are in-store pharmacist (average salary: $156,000), compounding pharmacist ($150,000), hospital pharmacist ($148,000), and pharmacometrician ($142,000).
Cyrus Poonawalla, the founder of Serum Institute of India, is the richest billionaire in the healthcare sector in 2022, according to Hurun Global Healthcare Rich List 2022.
The largest pharmaceutical company in the U.S. is Johnson & Johnson, with a revenue of $93.77 billion. As of 2021, the U.S. pharmaceutical industry has a market size of $560 billion. Over 4.38 billion retail prescriptions are sold in the U.S. each year.
- Anesthesiologist: $208,000.
- Surgeon: $208,000.
- Obstetrician and Gynecologist: $208,000.
- Orthodontist: $208,000.
- Oral and Maxillofacial Surgeon: $208,000.
- Physician: $208,000.
- Psychiatrist: $208,000.
|ALEX GORSKY||JOHNSON & JOHNSON||$29,802,564|
|IAN C READ||PFIZER INC||$27,913,775|
|LEONARD S SCHLEIFER||REGENERON PHARMACEUTICALS||$26,508,058|
|RICHARD A GONZALEZ||ABBVIE||$22,625,243|
|Rank||Occupation||2021 Median Wages|
|Employment column two Annual|
|1||Obstetricians and Gynecologists||$208,000+|
|1||Ophthalmologists, Except Pediatric||$208,000+|
|1||Oral and Maxillofacial Surgeons||$208,000+|
- Dental Hygienist.
- Physical Therapist.
- Radiation Therapist.
- Human Resources Manager.
Adobe was named the No. 1 company with the happiest employees in 2021, according to a new report from the company review site Comparably. The annual ranking considers 70,000 U.S. companies and identifies where workers are most satisfied with aspects related to their work environment, pay, benefits and company goals.
- SailPoint Technologies (tie) ...
- MathWorks (tie) ...
- Asana. ...
- Box. ...
- Zeigler Auto Group. Industry: Motor Vehicle Manufacturing. ...
- Atlassian. Industry: Technology. ...
- CoverMyMeds. Industry: Health-care software. ...
- Cornerstone Home Lending. Industry: Loan servicing.
1. Pfizer Inc (US) Pfizer is the world's largest research-based pharmaceutical company.
Dr Satyanarayana Chava, PhD is the founder and CEO of the Indian pharma company, Laurus Labs Limited (also known as Laurus Labs Private Limited and Aptuit Laurus Private Limited). He founded the company in 2005.
Based on the prescription drugs market, Pfizer is one of the world's leading pharmaceutical companies. The company, which has its global headquarters in New York City, generated total revenues of more than 81 billion U.S. dollars in 2021.
Hyderabad – The Pharma Hub of India
It accounts for 40 per cent of the total Indian bulk drug production and 50 per cent of the bulk drug exports and is considered as the 'Bulk Drug Capital of India'. In value terms, the industry is worth US$ 1.6 billion and exports accounting to over US$ 500 million.
|Rank1||CompanySinopharm (pharmaceutical distribution segment)||HeadquartersChina|
|Rank2||CompanyRoche Pharmaceuticals (division of Roche Group)||HeadquartersSwitzerland|
The average Pharma Company monthly salary ranges from approximately ₹ 10,823 per month for Back Office Executive to ₹ 60,000 per month for Technical Manager. The average Pharma Company salary ranges from approximately ₹ 1,20,000 per year for Back Office Executive to ₹ 15,00,000 per year for Regulatory Project Manager.
Pfizer's main competitors are Roche Holding AG, Eli Lilly and Co., AbbVie Inc., Novartis AG, and Merck & Co.
As per Pharmaceutical Technology, a 2021 GlobalData survey revealed that 70% of surveyed pharma industry clients anticipate drug development to be the most impacted in 2022 by smart technologies, like Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP).
Avg. Base Salary (USD)
Eli Lilly And Company pays an average salary of $354,801 and salaries range from a low of $309,002 to a high of $408,454. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee.
The estimated total pay for a Analyst at Ardian is $95,773 per year.
Eli Lilly & Company Pension Plan, established on January 1, 1944, is a defined benefit scheme that provides retirement and survivor benefits for all employees of Eli Lilly & Company and participating affiliates and subsidiaries.
The best jobs in health care
- Registered nurse.
- Respiratory therapist.
- Oral and maxillofacial surgeon.
- Nurse anesthetist.
- Physical therapist.
Clinical Laboratory Technician
You'll find lab techs in hospitals, clinics, medical labs and even long-term care facilities. Job Outlook: According to the Bureau of Labor Statistics, this job is expected to grow by 11% between now and 2030. This is faster than average growth for other occupations.
Pharmacists in California are paid some of the highest salaries in the nation, earning a six figure income, annually. While the highest salaries are paid in San Jose-Sunnyvale-Santa Clara, the lowest are in Merced.
The average pharmacists make around $128,000 a year, according to the Bureau of Labor Statistics (BLS). That's a really nice living, but it's not as much as a general physician (MD) makes and it's not enough to guarantee becoming rich. However, income is just a piece of the equation.
|State||Employment (1)||Hourly mean wage|
|New York||18,680||$ 61.66|
In 1997, the World Health Organization introduced the “Seven-star pharmacist” concept covering the different roles each pharmacist must perform: caregiver, decision-maker, communicator, manager, life-long-learner, teacher, and leader.
- Pharmaceutical sales representative.
- Clinical data manager.
- Pharmaceutical outside sales representative.
- Drug manufacturer.
- Research scientist.
- Pharmacy manager.
- Biotechnology consultant.
|1||CVS Health 1CVS||🇺🇸|
|2||Walgreens Boots Alliance 2WBA||🇺🇸|
|3||JD Health 36618.HK||🇨🇳|
|4||Clicks Group 4CLS.JO||🇿🇦|
Eli Lilly and Company's brand is ranked #192 in the list of Global Top 1000 Brands, as rated by customers of Eli Lilly and Company. Their current market cap is $179.16B. Pfizer's brand is ranked #214 in the list of Global Top 1000 Brands, as rated by customers of Pfizer. Their current market cap is $191.43B.
|3||Merck & Co Inc||1478|
Sun Pharmaceutical Industries is the largest pharmaceutical company in India based on overall revenue. It is the fourth largest global specialty generic pharmaceutical company in the world.
|1||Johnson & Johnson||USA|
Namita Thapar is a popular Indian businesswoman who is the CEO of Emcure Pharmaceuticals her net worth is estimated at around 600 crores in 2021.
Hyderabad has a dominant position in Pharma Sector, it ranks first in manufacturing of bulk drugs and third in formulations in the country. It accounts for 40 per cent of the total Indian bulk drug production and 50 per cent of the bulk drug exports and is considered as the 'Bulk Drug Capital of India'.
|1||Sun Pharmaceuticals Industries Ltd|
|2||Aurobindo Pharma Ltd|