Abbott - PM, Regulatory Affairs, Job Offer Evaluation
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
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comments
It’s a good culture at doers level so you will learn and adapt.
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
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