Biotechnology - research or management?

[thE3nigma]

Hi everyone,

I have a question that is floating around in my head and I am getting mixed suggestions. Thought I might try to ask here as I have gotten good advice from you guys before. I would like to work in a Biotechnology company one day, what ever position really (that is either a good research position or a management position). I spoke to my father earlier and I was thinking that maybe I should switch to a business management major/specialist since this would allow me to have a non-stressful type of life and a good pay.

He heard from a friend who is was a researcher (retired now) that the next couple of decades a lot of money will be put into Biotechnology. Now I know that this might be true and I have seen a lot of good Biotechnology companies go up in the past few decades but truthfully, don't researchers get some of the lowest percentages of those money investments. Even if we do see a huge investment in these companies, I still think researchers won't be making a lot very fast. The latest data that I can find about median salaries at Amgen: http://www.payscale.com/research/US/Employer=Amgen_Inc./Salary"

To even hit the 100k mark you have to have at least 20 years of experience. I am beginning to think that my father's friend is saying such comments because he is way above this experience group. I mean he is retired and they are still requesting him for work at the university he worked at.

Now I am currently studying Molecular Biology and will pursue Masters in Biotechnology (business/science mix) if I can get in (as only 32 students get in each year) and will then finally apply for a job. I have been though thinking of maybe switching over to a business management major, or maybe do business and switch over to a simple biology major/instead of molecular biology. But my father wants me to stay in the science degree and continue on with science.

What are some of your thoughts?

P.S.
I do not think I would like to do research my whole life. I have been thinking if I do stay to continue with research for a few years and then switch over to management but not sure if that would be so easy later on in life.

 

[TMFKAN64]

You will almost always make more money in business than in research.

That said, some people have no talent or interest in business and would be better off in research.

I know it's a cliche, but the most imporant thing is to do what makes you happy.

 

[charng]

I can understand your dilemma and the conflicting advice you are receiving. Biotechnology is a rapidly growing field with immense potential for both research and management positions. However, the decision ultimately depends on your personal interests and goals.

If you are more passionate about the scientific aspect of biotechnology and enjoy conducting research, then pursuing a career in research would be a good choice. While it may take longer to reach a high salary, the satisfaction of making groundbreaking discoveries and contributing to the advancement of science can be rewarding in its own right.

On the other hand, if you are more interested in the business side of biotechnology and have strong management skills, then a career in management may be a better fit for you. With the increasing investments in biotech companies, there will be a growing demand for skilled managers who can effectively lead these companies to success.

It is also important to note that a combination of both science and business knowledge can be beneficial in the biotechnology industry. Pursuing a Masters in Biotechnology with a business focus could provide you with a well-rounded skill set that would make you a valuable asset in either a research or management position.

Ultimately, the decision should be based on your interests, strengths, and long-term career goals. Whichever path you choose, it is important to continuously develop your skills and stay updated on the latest advancements in biotechnology. Best of luck in your future endeavors!