I work in Pharma/biotech currently for a small CRO making 143K with 10% bonus with 6 years of clinical trial/Pharma experience. 1. I have been a PM for a while and want to become a Sr PM or Assoc Director but only get PM interviews. 2. Is my salary fair or should I be getting 150-165K base? The industry is always hiring and lots of turnover everywhere. 3. I donāt get any stocks or anything besides base + bonus. Long term goal is director of clinical operations but hopefully associate director within next 3 years since Iāll have 9 years of total work experience by then. Any advice?
I donāt think I can switch as I donāt have experience in anything else besides clinical research/trialsā¦I do enjoy the industry, not very stressful, chill WFH job just want to grow and make moreā¦Iām done with my job role in like 2-3 hours most days with project stuff and meetings. Then I am bored rest of the day and want a higher level role where I am busier and feel utilized more.
Wow, I am surprised you only need to work 2-to 3 hr per day. It is really on depends on your projects. I am in the small biotech side as Sr. CTM, and I am literally working 10-12 hr a day. I am not sure where you live, but for your experience and workload, 143k is pretty good for CRO.
How much do you make as a Sr CTM and I believe Adverum is in Cali so pay would be higher? Work load depends on how busy the study is and how many issues there areā¦I think I am very efficient too in terms of getting all my emails out of the way within a hour and then focusing on any projects, study plans and follow up in the next hour or two. I do have meetings but not more than 4-5 hours a week.
On the medical device side, a technical PM (reg, quality, clinical, etc) makes around 140-170k with 6-8 YOE
Thanks for your insight! Itās good for me to know whatās a fair salary and it looks like Iām at the lower end of your range.
Any other advice?
Try posting on r/biotech on Reddit. Unfortunately, biotech/meddev is weak on Blind
Which area or state are you working at?
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Can you switch to other industries? Or within pharma/biotech can you find fast growing startups, quite a few of those in SV and Boston and NY