Author: Gabrielle Bauer
The devil is in the details
You got The Call. They want you on the job, starting next month. Much as you’d like to shout the news from a rooftop, this is not the time to lose your cool. Reviewing and negotiating the offer will benefit not only you, but your new employer: if you’re happy, you’ll work more productively and stick around longer, which means they’ll be happy.
Some people feel confident about the negotiation process, viewing it as an interesting game. Others would rather skip the whole thing. Wherever you fall on the spectrum, it pays to remember that you and your would-be employer share the same goal: having you join the team. You’re simply ironing out the details. (If you truly dread the prospect of negotiating and you used a recruiter to get the offer, you can ask the recruiter to negotiate on your behalf.)
Establish your priorities
Salary, ability to work remotely, work-life balance, vacation time, benefits, moving expenses… you can negotiate just about everything in a job offer, expect items governed by employment law or organizational structure. Even resources such as lab equipment and office space fall into the “negotiable” category.¹ Make a list of your must-haves and nice-to-haves and keep it handy as you prepare your negotiation strategy.
While salary may or may not be your biggest concern, it probably matters to some extent. To get a good read on a competitive salary for your new job, research the salary ranges for the position, taking region and type of company (industry, academic, nonprofit) into account.¹ Websites like Payscale (https://www.payscale.com/) can help you get started.
Negotiation by the numbers²
These figures from Become, a career-development organization, suggest that new recruits aren’t using their full power in the negotiation process:
- 52% of men and 68% of women accept a salary offer without negotiating; many women shy away from negotiation because of fear of seeming desperate or greedy.
- Only 38% of millennials negotiated their first job offers, compared to 48% of baby boomers.
- Gen-Xers line up more closely with boomers, with 46% negotiating their first offers.
- People who never negotiate their salaries can miss out on up to $1.5 million in extra earnings over their lifetimes.
Get ready
Once you have a written offer—a must for negotiations—evaluate it point by point and see how it lines up with the list you prepared. If you find significant gaps, prepare a counteroffer explaining the changes you’d like to see, and why. Let’s say the salary doesn’t match your expectations: make a list of the assets you bring to the table that “average” candidates may not offer, like authorship in peer-reviewed journals or connections with prominent scientists. If you’re using a recruiting service, they can help you with the counteroffer, ensuring you’re not missing any red flags and helping you build your case.
As you plan the counteroffer, bear in mind that your negotiation ceiling may depend on the company’s size. For example, larger companies hiring a lot of people at the same time may have less wiggle room with salary. In such a case, you may want to focus more on other aspects of the job offer, such as professional development opportunities or even a different job title.
Next, write out a rough script for the verbal negotiation. Practice it out loud, aiming for a friendly, nonconfrontational tone. Just as likeability can help you get a position, it can generate goodwill during salary negotiations.³
Words of wisdom from career coach Carlotta Zee¹
“I’ve helped clients negotiate jobs with salaries starting at a quarter of a million [dollars], and I guarantee that they didn’t just smile nicely and giggle. We rehearsed endlessly. We researched. We made a plan.”
Show time
If you’ve done the groundwork, you can approach the actual negotiation with confidence.
As far as possible, aim to negotiate in real time, either sitting across from the employer or by videoconference. Seeing faces humanizes the process and will likely work in your favor.
Don’t let fear limit what you ask for: the worst your employer can say is no. When discussing salary, remember that you do not have to reveal your previous salary to employers: depending on the jurisdiction, it may be illegal for them to ask. Keep the focus on your expectations, supported by the research you have done.
If you explain why you want something—say, working remotely twice a week to cut down on gas consumption or avoid a long commute—the employer is more likely to empathize with your position. By the same token, showing some flexibility will prompt your employer to return the favor. If you want to work four days per week, for example, you could offer to work longer hours on those days or to take a salary cut. If the employer won’t flex on salary, ask them to reconsider your salary in six months or to commit to invest in your career development.¹
Expect to emerge with a satisfactory offer, but be prepared to walk away if your employer shows no flexibility. The last thing you want to do is start a new job with an undercurrent of resentment.¹ A more likely scenario is that you’ll receive a counteroffer that meets you partway. If it aligns with your must-have criteria, you can accept it with peace of mind—and then climb up on that rooftop.
References
1. The professional’s guide to negotiating a job offer. Become, Nov. 17, 2020.
2. Bankston A. Negotiating for scientists. ASBMBToday, Aug. 1, 2018.
3. Malhotra D. 15 rules for negotiating a job offer. Harvard Business Review, April 2014.
4. Brothers L. How to negotiate work-life balance into an offer. BioSpace, Aug. 15, 2019.
Author: Claire Jarvis
If you’re a recent STEM graduate in the Boston area, or plan to relocate to the Boston/Cambridge area, it can seem like the place is home to more biotech companies than you can count! The large number and variety of biotech, biopharma and pharma companies with sites in the greater Boston area can make your job search daunting. How do you decide which companies to apply to?
First things first, you should consider the general culture of the company you’d like to work for. The working environment within a new biotech start-up is very different from a multinational company with a hundred-year history, and will suit different types of scientists. It’s important to think about what environment helps you be most successful so you can apply to places that will have the right fit. Here’s a broad overview of the main types of biotech companies, and company names to look out for if you are looking for jobs in the Boston area.
Small Start-Up
If you have a thirst for excitement and enjoy a fast-paced work environment, then joining a biotech start-up will make a lot of sense. The advantages of working for a start-up is that you can take on multiple roles within the company and are expected to be a team player, you work in a small team where each person’s voice is heard, and you can play a pivotal role in getting your company and product off the ground.
Start-ups can be a stressful place to work, and there is long-term uncertainty whether the company will succeed or still be around in a few years. The atmosphere and work culture within the company could also change dramatically in a few short years given the rapid pace of start-up growth and maturation. If you thrive on challenges and do well in a shifting landscape, then a start-up environment will be perfect for you.
New Boston start-ups to keep on your radar: EQRX, Imuneering, Korro Bio, Omega Therapeutics
Mid-Sized
Mid-sized biotech companies retain most of the dynamism of start-ups, but with more stability. As an employee you won’t need to wear as many hats, your role within the company will be fairly specialized and unlikely to dramatically change over time. Although what constitutes a mid-sized biotech company is fairly loose, it usually means the company has products in late clinical development (phase II or III trials), or has already brought 1 or 2 products to market. The number of employees will be somewhere in the hundreds.
Mid-sized biotech companies that are still growing: Acceleron, Akouos, Alkermes, Epizyme, Fortress Biotech
Large
The large biotech companies employ hundreds to thousands of people and may have more than one location. There’s a broad portfolio of products for scientists to work on, and the company will have lots of approved products on the market. The larger the company, the more professional development and in-house training available to you, though you might also feel “silo-ed” within a large organisation where it’s impossible for you to know all your coworkers.
Some of the biggest biotech firms in the Boston area in 2021: Genentech, Moderna, Sanofi, Vertex Pharmaceutical
Multinational Pharma
These days, many traditional pharmaceutical companies also develop biologics. These companies are truly multinational – their total employee counts are in the hundreds of thousands, and they have offices around the globe. The culture at these companies is often more conservative and risk-averse than at smaller, agile biotech companies, although each location will likely have its own subculture, and it’s worth asking questions about how your department fits into the whole. If you prefer stability and processes that are already ironed out, then a large biopharma company may be the best place for you.
Big Pharma companies with offices in the Boston/Cambridge area: Abbvie, Biogen, Novartis, Takeda
Are you looking for your next STEM job but are unsure about navigating the job market? At Sci.bio, we’re experts in the Boston biotech landscape. Our recruiters have spent many years helping connect talent to opportunities. Reach out and schedule a conversation with us today.
An update on trends and career paths within the industry
Author: Gabrielle Bauer
If you had to pick a single word to describe the life sciences industry, “change” would be a safe bet. A continuous stream of medical advances keeps the industry on its toes at all times. If you’ve cast your lot with the life sciences, you can expect an exciting, occasionally bumpy, and never boring ride.
Overview
Life sciences is an umbrella term used to describe all branches of science devoted to R&D in human, animal, and plant life. This broad designation makes room for companies specializing in pharmaceuticals, biomedicine, biophysics, neuroscience, cell biology, biotechnology, nutraceuticals, and cosmeceuticals, among others.
Individuals working in the industry may settle into careers as research scientists, lab technicians, clinical research associates, research assistants, medical science liaisons, industrial pharmacists, and bioinformaticians, to name just some possibilities. Stepping further from the core of the industry but still under its generous umbrella, some people may find their niche as medical writers, medical illustrators, health policy analysts.
Pandemic-proof industry
The Covid-19 pandemic may have stopped the world, but it didn’t stop the life sciences industry. On the contrary, the industry had a rare opportunity to surpass itself. To cope with the crisis, organizations that normally competed against each other partnered to accelerate research and distribution of vaccines. While the development of a new drug takes 8.2 years, on average, the novel COVID-19 vaccines made it to prime time in less than a year.
These efforts allowed the industry to stay strong and vibrant. In the early weeks of the pandemic, while many other markets were dropping like stones, biopharma companies quickly regained their transitory loss of valuation.1 In March 2020, multinational biotech giant Regeneron Pharmaceuticals saw its shares increase by 10% while the company worked on Covid-19 treatments. Just over a year later, the overall biotech market (measured by revenue) is ringing in at $135 billion, representing a 4% year-to-year increase.
The pandemic also upturned health providers’ working environments and styles, creating additional needs for digitally transferable imaging technologies and software platforms that facilitate remote care delivery. A lot of players got in on the action: in 2020, corporate funding for digital health reached a record $21.6 billion globally, up by 103% from the previous year.2 Pharma and biotech companies have a unique opportunity to capitalize on this momentum.
What comes next
If expert predictions are any indication, the industry won’t be slowing any time soon. The rising life expectancy and aging population in the US have increased the incidence of age-related illnesses and the demand for medical care.3 In addition to better and more cost-effective treatments, the industry has an opportunity to develop curative and preventive interventions.
Some of the growth will come from analytics, a newer branch of life sciences that uses sophisticated techniques to analyze data and devise strategies to meet population needs. Valued at $7.7 billion in 2020, the global life sciences analytics market size is expected to grow at a compound rate of 7.8% between 2021 and 2028.
Even after the pandemic subsides, health systems will continue investing in care models that allow for virtual visits and home testing technologies.2 And the proliferation of companies specializing in third-party services, such as contract research organizations and patient support program (PSP) providers, will make it easier than ever for smaller pharma and biotech companies to outsource key processes involved in a drug launch.
Top trends to watch for
● Personalized medicine: customization of treatment based on genetic/genomic information
● Immune focus: treatments that target specific immune pathways or give new life to a failing immune system will multiply
● Data integration: Smart technology will help integrate data from different sources (e.g. MRI scans, laboratory tests), helping doctors choose the right treatments
● Digitalized assessment: online assessment, diagnosis and treatment will become increasingly common and will help equalize access for patients
● Collaborative innovation: Biotech companies will increasingly join forces with other scientific organizations to push the R&D envelope
● Value-based pricing: Pricing will become increasingly tied to the real-world effectiveness of a drug or other health product
Life sciences underpin the human experience. As long as humans need healthcare, the life sciences industry will remain strong and withstand threats that collapse other sectors. You’ve come to the right place. Sci.bio will be pleased to help you go further.
References
It’s the million-dollar question among job applicants everywhere…. “I have good qualifications and work history. I think I meet the minimum requirements… Why haven’t I gotten a response to my application?” Or worse, “Why haven’t I heard back after my interview?”
The silent treatment after an application or interview isn’t all that uncommon. Some sources cite that up to 75% of applicants never hear back from employers after applying; even if it’s actually less than that, it seems there’s still a lot of applicants getting no response. So why exactly does this happen? And is there a way to prevent it?
The Application Black Hole
As it turns out, there may not be an easy answer to this. There may not be one specific reason you haven’t heard back; it could be a mix of factors, some within your control and some not. And there’s a good chance it’s nothing personal.
According to research conducted by both Glassdoor and FlexJobs, there are a variety of reasons for non-response to an application. Some of the more common include:
Sheer Volume
Most online job postings generate a considerable response with a substantial number of applicants submitting their qualifications. The larger and more well-known the company, and the larger the radius from which they are recruiting (think remote vs. geography-specific), that response could multiply exponentially. But even smaller companies with a more limited recruiting radius could be overwhelmed by applicants depending on the appeal of the role and the resources available to screen applications. It just may not be possible to respond to each applicant who expresses interest. “Ideally,” explains Sci.bio’s Director of HR Allison Ellsworth, “the ATS (applicant tracking system) used by a company will at least send a confirmation email that your application has been received so you know it successfully went through. Beyond that, the volume of candidates does not usually allow for personal follow up unless you have moved along in the interview process.” The volume of applications is not something that you as a candidate can control.
Recruiters/Hiring Managers Are Recruiting for More than One Role
It’s one thing to be focused on filling one role, but most recruiters are juggling multiple requisitions simultaneously. If the number of applicants for one opening can be overwhelming, imagine multiplying that by numerous openings that need to be filled as soon as possible. Add to that a full interview schedule and other recruiting-related tasks, and it quickly becomes very difficult to respond, even when recruiters/hiring managers have the best of intentions to do so.
Position Isn’t Actually Available
In some cases, it’s possible the position to which you applied isn’t available anymore, or something has shifted internally and the hiring team is reevaluating their needs. Maybe the role has already been filled, but the new hire hasn’t started yet and they don’t want to take the posting down prematurely in case it doesn’t work out, or maybe something budgetary changed and the position isn’t going to be filled, or maybe there is a new project taking priority and recruiting is on hold for now.
While all of these are out of a candidate’s control, they are still worth noting as they very well could be the reason for no response. But what about the things that candidates can control? Some of the most common in this category include:
Applying for Too Many Openings
Job searching is a numbers game to some extent; the more applications you put out into the world, the greater the chance you’ll hear back. But if you’re indiscriminate about what and where you apply, if you apply to jobs where your qualifications don’t really match, chances are you’re not going to hear back.
Resume Could Be To Blame
If you consistently don’t hear back but are fairly certain your background is a fit, it could be how your resume is crafted. Maybe it doesn’t effectively highlight your relevant experience and accomplishments, or isn’t using the right keywords and industry specific language.
How Do I Ensure I Get Noticed?
So, what can you do to increase your chances of being noticed and making it through the initial screening process? It comes down to three categories – your application/resume, your social media presence, and your networking efforts.
Application/Resume Hacks
There are a number of things you can do to make sure your applications are more targeted and put you in the best possible light. As previously mentioned, although you want to get some volume of applications out, spend a little extra time at this phase and be selective and thoughtful about the applications you submit.
- Try to limit your applications to jobs that are truly a good fit for your background; it’s not necessary to meet all minimum qualifications, but make sure you meet some or most.
- Research the companies you’re considering applying to and make sure their goals and values align with your own. Then try to convey that through examples on your resume or in a cover letter.
- Craft your resume so that it’s not just a timeline of job titles and responsibilities, but also highlights specific projects and accomplishments, especially those that are relevant to the position. A good practice is to tweak your resume for each job you apply to.
- Include links to your online presence (more on that next).
Social Media Hacks
In today’s world, your job application incorporates more than just the resume you submit. Most people have some kind of online presence, and many employers will check into it. Make sure you’re using your online presence to your advantage.
- Although a professional headshot isn’t necessary, ensure any photos you use present you in a professional light.
- Similarly, do a scan of any photo tags that are publicly viewable and remove any that could be controversial or present you in a less than ideal light.
- Just like your resume, ensure that the language and keywords you’re using reflect the jobs and industries you are seeking and highlight any relevant projects or content; for instance, LinkedIn has a specific profile section where you can include information about projects, publications, or other work that may not be reflected on a resume.
- Ensure your social media bios are succinct, relevant, and targeted to the jobs you’re seeking.
Networking Hacks
This may be the most understated yet most important piece of advice: don’t necessarily rely only on applying for a digital posting without human contact. We live in a world driven by relationships; who you know can often make a difference, or at least give you an edge. Often available jobs aren’t even posted publicly; the only way to hear about them is by knowing someone involved. Some estimates cite that 70% of available jobs are never posted and up to 80% are filled through networking.
When recruiters or hiring managers are overwhelmed with applicants, those they have a connection with will often rise to the top. When looking at equally qualified candidates, being a “known entity” could be the deciding factor in who moves on; minimally it may help guarantee your resume moves to the top of the pile and gets a second look.
So where do you start networking? How can you best leverage your network? Here are a few ideas:
- Research the company and see who you might already know that works there. Ask those contacts for an introduction or at least a mention to those involved in the hiring process. Remind them to check the company’s employee referral policy–they may even get rewarded if you turn out to be a good fit!
- If you don’t directly know someone who works there, look for the mutual connection. Use your social media profiles to dig a little deeper; LinkedIn company pages will show you who works there and whether or not you have mutual connections. Then reach out to those mutual contacts that you already have a rapport with and ask for an intro, a mention, or ask to have your resume directly passed along.
- If you don’t have direct connections at a company or mutual connections that can facilitate an introduction, do your best to engage with recruiters. Seek them out on social networks such as LinkedIn or Twitter, and engage with or comment on their posts. By making yourself noticed, you’re more likely to be remembered when it comes to reviewing resumes. And if you engage enough and build an online relationship with them, you may even be able to ask them directly about available roles.
The key with networking is to be proactive. Build your networks before you need them and then they’ll be there to tap into when the opportunities arise.
But What If I Interviewed and Got “Ghosted?”
Let’s say you made it through the initial screening and interviewed for a role, but now you haven’t heard back from the employer. Or you were informed that you aren’t moving forward without any details about why. What’s a candidate to do in this situation?
Again, there could be a variety of reasons, many of which may be nothing personal. In the case of providing specific feedback, there could be legal implications in being too specific with candidates. Or maybe one person on the hiring team wanted you to move on, but someone else with more pull wanted someone else. Maybe the employer doesn’t have the time or resources to potentially open up a prolonged back-and-forth dialogue that providing feedback may initiate.
As for hearing nothing at all? That’s simply an unfortunate outcome of some hiring processes, and there’s not much you can do to control this. The best you can do is keep focused on the fact that it’s not you, it’s them. Many companies are now more focused on the candidate experience than in the past, and doing their best to ensure that even if it’s not specific feedback, candidates who interview at least receive a status update. However, the hard truth is that some companies just don’t or won’t do it for a variety of their own reasons. If a few weeks have gone by and you haven’t heard back, it is probably a safe assumption that you should move on to new possibilities.
The moral of the story here? There’s much that you can’t control, so focus your efforts on the parts you can. Revise and target your resume to the jobs you are seeking. Optimize your online presence to your advantage. Shore up your networking skills. And most of all… don’t give up!
The last few years have been tough for most of us. The COVID-19 pandemic disrupted our education, our workplaces, and our career plans. Many of us had to adjust to remote – or socially-distanced – work, while simultaneously handling greater family pressures and uncertainties. If you feel you’re barely scraping by while your peers are thriving…don’t worry, you aren’t alone.
Social media and emergent technologies do a lot to simplify the work of a STEM professional, but they also contribute to an increased sense of imposter syndrome: the persistent inability to believe that your success is deserved, or was legitimately achieved as a result of your own efforts or skills.
Imposter syndrome is made worse by social media: many STEM professionals post curated career highlights on Twitter, LinkedIn and Instagram, or spin their failures into inspiring stories of success and resilience. The need to post regularly on social media sites to keep your profile visible also creates a steady stream of doubt-sowing content.
Many scientists pride themselves on their industriousness and technical expertise, and see success as a direct result of hard work, so to believe you aren’t the skilled expert becomes even more demoralizing. Imposter syndrome can make your work life anxious and miserable, and hold you back from opportunities you’re qualified for, or from sharing your knowledge and skills with others.
Controlling your sense of imposter syndrome is a life-long challenge, but there are several ways you can overcome those intrusive, demoralizing thoughts.
Managing Imposter Syndrome
● Social media consumption in moderation, with plenty of ‘breaks.’ We can’t get away from work-related social media entirely, but online activity yields diminishing returns. Set limits on how long you spend on these sites each day, and give yourself breaks. The less time on social media, the less time you are spending playing the comparison game.
● Regular self-affirmations to combat negative thought patterns. The only way to disrupt the cycle of negative thoughts is to introduce new, positive thoughts into your head. Remind yourself that you were chosen for this job or task for a reason, and that you have as much right to be there as everyone else. Affirm to yourself that the negative thoughts are lies and not an accurate representation of your abilities.
● Build a supportive network. While you might feel like an uncomfortable fraud, your peers know the truth. Find a group of work colleagues or mentors who speak up when they hear you criticising yourself, and who can remind you of your strengths when you feel low.
● Track your wins. Create a physical record of your professional triumphs, big and small. There’s something about a list on paper or a word document that makes those wins seem more real, and it helps put any minor failures into context.
Just remember, most people experience imposter syndrome at some point during their training and career. In 2018 a systemic review of 62 papers and over 14,000 participants found up to 82% of survey respondents had imposter syndrome.
Feeling like an imposter on the job market? The friendly and knowledgeable recruiters at Sci.bio can help you uncover your strengths and make your biotech job application shine. Reach out to us to start the conversation today.
Importance of Peer Networks
Despite progress towards gender and racial parity in the sciences, it can still be tough navigating a STEM education and career when you belong to a historically underrepresented group. Fortunately, surrounding yourself with a strong support network of like-minded individuals will increase your chance of success, and make your STEM career more rewarding.
As you start out and progress in your STEM journey, there are two kinds of support you should seek out. ‘Vertical mentoring’ is when you receive advice and coaching from a more senior scientist, who is often a few steps above you on the career ladder. This kind of mentor will help you prepare for the next stages of your career, and whose advice is informed by hindsight and time.
The other kind of mentorship is ‘horizontal mentoring’: receiving support from people at the same career stage as you, for instance fellow grad students or entry-level biotech scientists. Although they may not have the depth of experience within the field a more senior mentor has, your peers may be more attuned with the current state of the job market and everyday issues you face in your current role. You may find yourself less filtered around peers than a more senior mentor, and more able to have an honest exchange of experiences and ideas.
Your department, university or company may be the easiest place to find your peer network, but it can be challenging if you’re the only student or employee from a particular ethnic or racial group. Fortunately, here is a (non-exhaustive) list of organizations that foster peer networks among scientists. Many of these organizations have university chapters.
Peer Networks for Women in STEM
- AWIS (https://www.awis.org)
- Women In Bio (https://www.womeninbio.org/default.aspx)
- Society of Women Engineers (https://swe.org)
Peer Networks for Racial and Ethnic Minorities in STEM
- Society for the Advancement of Chicanos/Hispanics and Native Americans in Science (https://www.sacnas.org)
- National Society of Black Engineers (https://www.nsbe.org)
- American Indian Science and Engineering Society (https://www.aises.org)
- National Organization for the Professional Advancement of Black Chemists and Black Chemical Engineers (https://www.nobcche.org)
- Black In [STEM] Week (Search for hashtags on Twitter). This is not so much a professional society as a collection of grassroots organizations who amplify voices across the breadth of STEM and foster collaboration and discussion on social media. There are weeks celebrating Black in Neuro, Chemistry, Physics, Marine Science, Genetics, and many more!