SummaryIn this episode, Kristiaan Rawlings discusses the 2024-2025 Commercial Market Update and Salary Guide produced by EPM Scientific. The life sciences sector remains resilient due to aging populations, scientific advances, and robust investment. Hiring practices and compensation are influenced by these factors across the Americas, Europe, and APAC regions. The hiring focus has shifted from life-threatening diseases to more common health issues, such as dermatology and respiratory diseases. The most in-demand roles...
Summary
In this episode, Kristiaan Rawlings discusses the 2024-2025 Commercial Market Update and Salary Guide produced by EPM Scientific. The life sciences sector remains resilient due to aging populations, scientific advances, and robust investment. Hiring practices and compensation are influenced by these factors across the Americas, Europe, and APAC regions. The hiring focus has shifted from life-threatening diseases to more common health issues, such as dermatology and respiratory diseases. The most in-demand roles include marketing, commercial operations (salesforce effectiveness, commercial analytics, and training), and sales. Market access roles have seen less demand. Despite the availability of talent, salaries have remained high or even increased. In this conversation, Kristiaan Rawlings discusses the current trends in the life sciences job market, specifically in the commercial operations field. He explains the increase in demand for talent, the impact of title deflation, and the rise in salaries. He also highlights the regional differences in job opportunities, with a shift towards the East Coast of the United States. Additionally, he touches on the importance of executive presence and the return of in-person networking events. Overall, the conversation provides valuable insights into the evolving landscape of the life sciences job market.
Chapters
00:00 High Demand for Marketing Roles
04:26 Focus on Core Areas with Existing Blockbuster Products
05:53 Sought-After Skills for Commercial Operations and Product Launches
13:54 Challenges with LinkedIn Applications and Fake Job Postings
24:25 Selective Market Based on Therapy Area and Experience
24:51 The Three Pillars of Focus: Salesforce Effectiveness, Commercial Analytics, and Training
25:21 High Demand for Talent in Incentive Compensation, Analytics, and Competitive Intelligence
26:17 Sales Roles in High Demand During Product Launches
26:46 Quiet Market in the Field of Market Access
27:14 Salaries Holding Strong or Increasing Despite High Supply of Talent
32:30 Geography Becoming Less of a Factor in Salary and Opportunity
41:08 High Demand for Medical Affairs and Health Economics
44:01 The Importance of Executive Presence and Networking for Career Success
Resources
- Kristiaan Rawlings - LinkedIn
- 2024/2025 EPM Commercial Update and Salary Guide
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