The Pharmaceutical Industry: Solid and Expanding
by Calvin E. Bruce
The Impact of the Industry
The
pharmaceutical industry is a mainstay of the American economy, showing
signs of unabated growth among all its sectors as we move into the twenty-first
century. By the year 2000, the value of the pharmaceutical marketplace
is expected to exceed $379 billion, mentions Sharon Shelton, senior human
resources associate with Eli Lilly & Company in Atlanta. The
industry is experiencing dramatic global growth that is creating opportunities
to save and improve people's lives around the world.
Shelton attributes this explosive growth to a new era in marketing,
where past practices are no longer adequate. She explains the industry
impact in this way: In the past, pharmaceutical companies viewed 'the
customer'--from a marketing standpoint--solely as the physician.
However, today, increased advertising initiatives, managed care influence,
and national attention to increasing health care costs are causing the
consumer to be more educated and interested in their health care.
This is causing an expansion in the industry's customer base. Our
customers now include physicians, as well as patients, insurance companies,
the government, buying groups, etc.
A similar perspective is provided by Dan Guaglianone, director of Corporate
College Relations with Abbott Laboratories. He comments the pharmaceutical
industry is strong and vibrant. Health care products and services
continue to be in high demand in most parts of the world as people live
longer, emerging economies gain more resources, and medical technology
and diagnostic equipment allow earlier detection and treatment of health
problems. By working in this industry, you can use your individual
talents and experience to help contribute to society and the quality of
people's lives, which is extremely satisfying.
The impact of the industry can be viewed another way. Jeffrey
Trewhitt, spokesman for the Pharmaceutical Research and Manufacturers of
America, remarks It would be foolish not to consider job opportunities
in the research-based pharmaceutical and biotechnology industries, considering
there are literally hundreds of small to large companies researching and
developing new medicines in this country. These companies are located
across the country. However, they are concentrated in and around
Cambridge, Ma.; the Philadelphia--New York--New Jersey corridor;
San Diego; the San Francisco Bay area; in and around Seattle; Research
Triangle Park, NC; and the Chicago and Los Angeles areas.
Pharmaceutical and biotechnology firms employ several hundred thousand
professionals in the United States, Trewhitt states. Employment
possibilities range from sales representatives to government lobbyists
to staff lawyers to economists to administrative executives to public affairs
specialists, and to different types of scientists. These views underscore
pharmaceuticals as offering the kind of industry stability, geographical
representation, and employment options that are attractive to career-minded
young professionals who want to make the most of their education. Not only
is pharmaceuticals a hot industry; the companies that comprise it have
enviable name recognition as well.
Brand Name Companies
Instant name recognition and media attention add an aura of prestige
to prominent pharmaceutical manufacturers. Consistently named among
the top pharmaceutical firms are these: Abbott Laboratories, Boehringer
Ingelheim, Bristol-Meyers, Dupont Pharmaceutical, Eli Lilly and Company,
Genentech, Glaxo Wellcome, Hoechst Marion Roussel, Hoffmann-La Roche, Johnson
& Johnson, Merck and Company, Parke-Davis, Pfizer, SmithKline Beecham,
Squibb, Warner-Lambert, Wyeth-Ayers, Pharmacia & Upjohn, and Searle.
Their products are virtual household names. Whenever you buy antibiotics,
cardiovascular agents, diabetes products, aspirin, ointments for cuts and
bruises, bandages, rubbing alcohol, personal hygiene products, etc., you
support the sales of these firms.
More specifically, recent media attention given to certain health products
and biomedical research efforts puts the pharmaceutical industry in a favorable
light. Consider, for instance, Pfizer's highly-publicized introduction
of Viagra to the market last spring. Estimates are that this
love pill to counteract impotence was purchased through a million prescriptions
written in only one month's time! As a result, Pfizer's stock escalated
dramatically. At the same time, similar headline-grabbing news was associated
with the testing of drugs that show impressive promise in the battle against
cancer and AIDS. Some biomedical researchers say--with cautious optimism--that
it's only a matter of time before a cure for cancer and a vaccine for the
AIDS virus will be developed and marketed. When that happens, some major
pharmaceutical companies will reap incredible financial rewards, along
with enjoying the satisfaction of helping suffering humanity beat the odds
against two debilitating diseases.
Working for Pharmaceutical Companies
Pharmaceutical companies, such as those listed above, hire pharmacy
majors, particularly for research and development positions. But
these firms also employ talented entry-level candidates who may, or may
not, have a medical or science background. Sharon Shelton recruits and
hires for Eli Lilly & Company's southeast sales area, which includes
North Carolina, South Carolina, Georgia and Florida. Most of the
people we recruit will begin in our sales organization, she remarks.
We hire experienced and non-experienced candidates into one of the four
following sales organizations--Women's Health, Primary Care, Diabetes Care,
or Neuroscience. Considering their skill sets, career interests and
business needs, sales representatives can later on move into other areas
of the company. According to Shelton, successful candidates for pharmaceutical
sales represent a wide variety of academic backgrounds. These include
graduates of engineering, liberal arts, business, life sciences, MBA's,
and so forth.
Professional opportunities at Parke-Davis are equally diversified and
challenging, explains Thomas Williams, director of Human Resources.
Traditionally, recent college graduates with science degrees enter pharmaceutical
sales as territory managers or sales representatives, he notes.
Career paths may continue in sales or branch into marketing, drug development,
licensing or a medical liaison role. Similarly, Abbott Laboratories offers
a broad range of entry-level career opportunities for college graduates
who have earned bachelor's, master's or doctoral degrees, mentions Dan
Guaglianone. These include positions in areas such as research and development,
production and operations management, sales and marketing, engineering,
information technology, statistics, finance and accounting, and human resources
management, he adds.
Another indication of career advancement within the pharmaceutical industry
is offered by Angela Knight, manager of College Relations with Merck.
In her words: Merck offers a diverse field of opportunities and many different
career paths, according to the individual's personal and professional development.
Specific entry-level positions at Merck include: human resources specialist,
senior analyst, project chemist, project engineer, staff accountant, information
systems and automation technology, and professional representative.
The firm customarily hires graduates with backgrounds in engineering, biology,
chemistry, computer science, liberal arts, mathematics, pharmacy, and MBAs.
How financially lucrative are jobs with pharmaceutical manufacturers?
Entry-level salaries for sales representatives hover around $35,000 - $40,000
or more, depending on one's experience and educational attainment.
Additional perks include a company car and expense account for business
purposes. Other, non-sales positions offer starting salaries in the
low $30Ks to mid $60Ks, depending on the discipline, particular position
and appropriate educational background.
Strong Industry Job Market
The job market is very strong, and it appears to look that way for
the foreseeable future, mentions Dr. Henry Lewis, dean of the Florida
A&M University College of Pharmacy. What makes this industry
sector so strong? Dean Lewis explains that as people live longer,
the need for improved medications and highly-trained pharmacists increases.
In addition, new technology has greatly enhanced the ability of pharmaceutical
research to identify better drug therapies to treat--and even cure--diseases
previously considered incurable. Another influence on the job market, according
to Dean Lewis, is the fact that there are new or emerging options for
pharmacists that have only recently become available. These include
home health care organizations (HMO's), managed care organizations, insurance
companies, and state drug utilization programs.
Not only is the earning potential for pharmacists high; the earning
potential is impressive. According to the Occupational Outlook Handbook,
the median starting salary for pharmacists with non-government organizations
is approximately $50,000. Overall, salaries tend to be higher on
the West and East coasts. The American Pharmaceutical Association cites
as starting salaries the range of $40,000 to $70,000. New pharmacy
graduates with a B. S. degree who are hired by the federal government earn
between $28,000 to $36,000 (grade CG-9) and $34,000 to $44,000 (grade GS-11),
the APhA reports. Along with generous salaries, many private employers
of pharmacists offer additional perks such as bonuses and profit sharing.
As the demand for well-trained pharmacists increases, their earning potential
will certainly keep pace with other professionals in the health care industry.
Educational Preparation
If you are looking for an excellent employment opportunity that
offers stability, good potential, and plenty of professional challenge,
consider the pharmaceutical industry. One avenue for entering the industry
is by being trained as a pharmacist. Currently the appropriate degrees
for entering the profession are the B.S. in Pharmacy or the professional
Doctor of Pharmacy (Pharm D) degree. These are five- or six-year
programs that require one or two years of pre-pharmacy studies. Preparatory
course work includes: chemistry, biology, anatomy or physiology, advanced
mathematics, economics, English and communications, social sciences, medicine
and the law, etc. By the year 2000, however, pharmacy schools will only
offer the Pharm D degree. This decision was made by the American Association
of Colleges of Pharmacy in 1992.The intent is to strengthen the educational
requirement for pharmacists, whose job will become increasingly demanding
due to the complexities in health care delivery and new advancements in
pharmaceutical products.
To work as a registered pharmacist, you need to secure appropriate state
licensing. The National Association of Board of Pharmacy regulates
such licensing, which must be renewed annually. To become licensed, you
must satisfy both national and state requirements. At the national
level, you must pass the North American Pharmacist Licensure Examination.
Commonly referred to as the NAPLEX, this exam is used in all states except
California, which has its own exam. Additionally, some states require as
part of the licensure procedure passing a laboratory examination, or wet
test. This test determines how accurately and safely pharmacy trainees
can prepare and dispense medications. Along with holding an active license,
in most states you will need to complete a certain number of continuing
education credits (CEUs) annually to stay abreast of developments in the
field.
Tips for Entering the Profession
Thomas Williams of Parke-Davis advises, Young professionals should
bear in mind that primary responsibility for career development rests with
the individual. They should ask a lot of questions and be very observant
of how others move throughout the organization. Getting the degree is
just the first step, cautions Angela Knight at Merck. I would suggest
that students be flexible and ready for change at any given moment-- and
be prepared for continuous learning. It's also important to
develop the 'soft skills' that enable the employer to understand one's
values, attitudes, motivation and work ethic. These attributes provide
the student with a competitive edge.
Student Memberships
A discussion of pharmaceutical careers would not be complete without
mention of the importance of student memberships in professional associations.
Active professional association membership is extremely important, especially
for African American graduates, emphasizes Marisa Lewis, executive director
of the Student National Pharmaceutical Association, a position she has
held since 1989.
With active membership comes new knowledge about organizational management,
new skills, professional development, recognition by peers, and professional
contacts (i.e., networking). These benefits will oftentimes improve
a graduate's ability to obtain a job, or advance him/her to a position
above the average graduate with no leadership and organizational experience,
Lewis notes.
Currently SNPhA has over six hundred minority student members representing
40 chapters and member schools. Another valuable organization is
the American Pharmaceutical Association's Academy of Students of Pharmacy:
APhA-ASP. Each chapter sponsors various programs and activities to
enhance members' educational and professional development. For students
who have strong academic preparation, skills to acquire new knowledge--and
plenty of fortitude--a career in the pharmaceutical industry can be immensely
challenging and financially rewarding. Perhaps it will be just that
for you.
Calvin E. Bruce is a freelance writer in Atlanta who
frequently contributes to THE BLACK COLLEGIAN Magazine.
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