Want job satisfaction? Look for a company that matches your size preferences
Do you belong in a sprawling corporate campus or in a small loft with a dog snoozing on the rug? Or maybe the open-plan wing of a tech hub?
Science grads searching for jobs in industry often focus on the salary and nature of the work, but ignoring the size (and thus style) of your prospective employer can thwart job satisfaction just as surely as an antiquated laboratory or paltry paycheck. Whether large, small, or somewhere in between, an organization that matches your “size profile” is a place where you’ll be happier, work more productively, and stay longer.
|● Big pharma: household names with a large, multinational workforce
● Small pharma: mid-size companies (fewer than 500 employees) with a leaner operational model
● Biotech/medtech startup: Companies with small teams and (typically) small portfolios
Many people feel a sense of pride at being attached to a large, well-respected organization. Statements like “I work at Vertex” or “I run a lab at Biogen” connote stability and competence, irrespective of your specific role. If you value status—and there’s nothing wrong with that—a large, well-respected organization will satisfy this craving.
It’s not just about dazzle, of course. A large pharma or biotech company gives you the greatest protection against changing market conditions—an important consideration if financial stability ranks high on your must-have list. Decades of experience means that processes have been worked out and standardized. Perhaps most important of all, a large employer offers multiple opportunities for vertical or lateral career changes. If you don’t click with one team, there’s every chance you’ll feel more at home in another department. Or country.
Some people thrive under pressure, while others do their best work in a stable environment. If you fall into the second camp, the stability of a larger organization can bring out your most productive and creative side.
And then there’s the water cooler. The Covid-19 pandemic has brought the social side of work into stark relief: some people don’t miss it at all, while others ache for the human contact. If you’re a people person, a larger organization guarantees a baseline of social interactions and may provide more structured opportunities for connecting with co-workers.
While lacking the status of a big name, a small company nurtures your self-confidence in different ways. Chances are that nobody else in the group has your expertise, so your opinions and suggestions carry more weight. Moving quickly as part of a small team gives you more opportunities to take chances and get recognized for your efforts. In brief, you can be a big fish in a small pond.
Smaller companies also tend to have more fluid boundaries. You’ll likely have more responsibility than outlined in your formal job description—an appealing prospect if you thrive on change. If asked to take on a project that falls outside your area of expertise or comfort zone—perhaps researching new suppliers or designing a patient registry—“that’s not part of my job description” won’t get you off the hook. Additionally, you stand a better chance of convincing a superior to let you run with an original idea and you’ll have less bureaucracy standing in your way when you take action.
On the downside, it is possible to outgrow a small company; the next career rung you seek may simply not exist yet, or the organization may lack the funds or structure to deliver the training you need to get to the next level. Also, some people find a fast-paced environment with an ever-shifting landscape more stressful than inspiring.
Sizing up the benefits
Have a look at the table below.1 Don’t worry about what you “should” value—just pay attention to your instinctive reaction to each list. Which list speaks to you more? If you’re equally drawn to both, a mid-sized company may best meet your needs.
|● Opportunity to progress more quickly
● Greater autonomy and responsibility
● Exposure to a greater variety of tasks
● Often a less formal atmosphere
● Increased interaction with senior staff
● Greater agility in decision making
|● Less unpredictability in job requirements
● Better training resources
● Usually better job security and benefits
● Better networking opportunities
● More prospects for global mobility
● Greater investment budgets
Want to gain still more insight into your own size profile? Take this 9-question quiz to figure out if you would feel most comfortable in a large, small, or mid-sized organization. https://www.monster.com/career-advice/article/what-size-employer-best-fit-quiz
A caveat: such tools are a great start, but cannot substitute for an in-depth consultation with an experienced recruiter. As a biotech recruiting agency dealing with employers of all sizes, Sci.bio will be happy to walk you through the finer points as you weigh your next career move.
1. Smyrnov A. Which size pharma company is the best fit for you? Pharmfield. Sept. 2, 2019. https://pharmafield.co.uk/careers/which-size-of-pharma-company-is-the-best-fit-for-you/
2. Dottie C. What size company is the right fit for you? LinkedIn. Aug. 16, 2015. https://www.linkedin.com/pulse/what-size-company-right-fit-you-christopher-dottie/