Report Shows Rapid Increase in Salaries for Life Science Jobs

Scientists, Engineers, Others Exceed Inflation by 35 Percent

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May 29, 2013, 08:00 ET

DENVER, May 29, 2013 /PRNewswire/ -- A report by BioSpace, the largest online source for life sciences recruitment solutions and news, shows that salary increases among life sciences professionals in the last three years have exceeded the inflation rate by more than 35 percent.

The inaugural BioSpace Life Sciences Salary Report analyzes the BioSpace candidate pool data in the three years between 2010-2012, examining more than 200,000 life sciences professionals at every level with a focus on analysts, engineers, research associates and scientists. While inflation was at 5.9 percent for that period, the life science salary increases averaged 8 percent, meaning the industry outpaced inflation by 35.5 percent.

"We see some positive economic indicators from the report; and we are not surprised to see so many professionals checking this industry for possible employment," said Emily Chereck, BioSpace Product Manager.

With almost 3 million unique users annually, the BioSpace community has been a microcosm of the life sciences / biotech industry for more than 25 years. The report highlights average salaries by education, average salaries by years of experience, average salaries by geography, and cost of living.

To learn more about the current state of life sciences / biotechnology careers, including jobs for Clinical Research, Scientists, Regulatory Affairs, Quality Assurance / Quality Control, Research Associates, and more, download the full BioSpace Life Sciences Salary Report.

About BioSpace:

BioSpace.com is the largest online source for biotech and life sciences recruitment solutions and news. For 25 years, BioSpace has helped accelerate recruitment, communication, and discovery among business and scientific leaders within life sciences. An onTargetjobs, Inc. company, BioSpace powers DeviceSpace.com, an information and recruitment resource for the medical device and diagnostics industries, as well as ClinicaSpace.com, a similar resource for clinical research markets.

SOURCE BioSpace