Abbott - PM, Regulatory Affairs, Job Offer Evaluation

Apr 1 14 Comments

OFFER:
Company: Abbott Neuromod
Position: Project Manager, Regulatory Affairs
Location: Remote
TC (base + sign-on bonus): $120,000
YOE: 0 in project management, 2.5 years in Reg Affairs and orthopedic meddev with no prior work experience

Writing to see if my offer is fair. From networking with other PMs at Abbott, it seems that the TC is around 140k; however, these individuals have PMPs, RACs, and 7+ years of meddev experience in Reg Affairs or Clinical Evaluation. As for PMs in other meddev companies, Abbott seems to pay significantly higher than the traditional meddevs (i.e., Stryker, BD, Medtronic, Siemens, Philips) at least in the entry-level PM roles.

I plan to utilize this experience as a PM to leverage myself into a technical PM position in Health Tech in 3-5 years (e.g. Apple Health, Google/Fitbit, etc)

YOE: 2.5
TC: 95k

#medicaldevice #meddev #biotech #healthcare #abbott #jnj #medtronic #applehealth #projectmanager #pm #regulatoryaffairs #regulatory #biotech #stryker #offer #offerevaluation #compensation #intuitivesurgical

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TOP 14 Comments
  • Abbott
    SzCa53

    Go to company page Abbott

    SzCa53
    Looks reasonable for 0 YOE PM - do you know the grade ? Also hope that base is in 6 figures.
    It’s a good culture at doers level so you will learn and adapt.
    Apr 4 3
    • Abbott
      buJI87

      Go to company page Abbott

      buJI87
      Note Abbott actually has two separate pay ranges for the same grades, so there's a G18 and a G18 'Premium'. Your offer is in line with the lower end of G18.

      I do know some Abbott PMs who were able to transition into big tech, but it is not as likely as an RA PM. The RA PMs I've seen are pretty limited in their skillset and if you don't have much submission experience or PM experience you will likely develop neither to a high level as an RA PM because you won't be driving critical cross functional projects like the actual PMs or getting your hands dirty with actual submissions
      Apr 6
    • Thank you for your insight! I think my offer is pretty solid considering the experience they wanted vs the experience I have. I was roughly a 25-30% match for the job description.

      I know that some tech companies e.g. Apple, Google are looking for principle level regulatory affairs professionals so eventually the need for PMs may come along in 3-5 years
      Apr 6
  • Pretty reasonable. The RA market is very hot but it’s a tough job and hard to do well. If you stick with RA my advice is to try to get into submissions work
    Apr 2 0
  • Abbott
    blahugh

    Go to company page Abbott

    blahugh
    Low, counter with 140k because once you are in don't expect much income growth and you will work hard while there.
    Apr 4 2
    • 140k is the expected top-end salary for someone who fits the job description closely which is someone with 7+ years of PM and QA/RA meddev experience. I only have 3 years of experience in QA/RA with zero PM experience. The hiring managers were willing to test my candidacy out even with my lack of experience so if I countered with 140k, I would feel that I am slapping them in the face.
      Apr 4
    • Abbott
      blahugh

      Go to company page Abbott

      blahugh
      Fair points and maybe in some locations this offer would be considered competitive, but not all.
      Apr 4
  • Seems low
    Apr 1 1
  • Sensata Technologies
    uburger

    Sensata Technologies

    uburger
    Siemens pay is notoriously low
    Apr 1 1