The Science MBA Combo: Still Timely or Not So Much?

The Science MBA Combo: Still Timely or Not So Much?

Author:  Tara Smylie

Science MBA Combo?  The short answer: yes! The long answer: yes, because career opportunities in the STEM business space are more abundant than ever, and it’s never been more useful to bring a wide range of skills to a position. An MBA can be the perfect complement to a science degree, supplementing a technical grounding in science with some highly sought-after business skills.

A solid foundation

Science degree holders are often already well-versed in many of the skills required to succeed in business. These can include research skills, data analysis skills, and the ability to communicate high-level concepts. With a little bit of instruction, these skills can easily be applied in a new context. In addition to applying them to lab work and problem-solving on a chemical level, a science-and-business expert knows how to apply them within the context of a whole company.

STEM Science MBA

Some highly specific MBA programs offer tracks for STEM, healthcare, and other fields. This is in response to the ever-growing need for specialized business experts. If you’re thinking about doing an MBA, consider applying to a specialty program that will not only teach you the standard content of this classic degree, but how to apply these lessons to your chosen field.

If you do find yourself shopping around for STEM MBA programs, make sure you have your screening process down pat. Prioritize programs whose curricula offer a direct pathway into the role you’d like to land afterwards. And should you be called in for an interview, be sure to clarify what companies recruit from the program, and the kinds of positions that are up for grabs.

Career opportunities for a winning combo

For those who’ve graduated with a STEM degree and go on to pursue a Science MBA combo, career prospects abound. Many positions require a blend of technical science acumen and more hands-on, management-focused business skills. If you can bring both to the table, you’ll be a piping hot candidate.

Career opportunities upon achieving that winning science MBA combo include:

Financial analyst: a financial analyst in the life science space can choose to work for a company, or to work as a freelance consultant. In either case, your primary role will be to offer financial and business advice to biotech and pharma companies.

Quality control specialist: this position involves overseeing research processes to make sure they comply with all applicable regulations. That might sound dull, but there can be an element of creativity, too: this job can also involve making recommendations to improve the efficiency of the research process.

Sales account manager: A sales account manager for a life science company may indeed find that they can work in a scientific field they’re passionate about, while receiving no shortage of opportunities to schmooze with customers. For the right person, managing a sales account in a field they love can bring the best of two worlds to the work experience.

Product manager: an employee in this role oversees the development of new products in the life science and biopharma space. This could involve monitoring lab work, advising a marketing team about current project specs, or advising businesses on what products to develop next.

Advantages of a diverse skill set

Biotech businesses are some of the hottest on the market right now, and at present the industry is only growing. As a result, life science employers are more in need than ever of employees who understand their businesses on both a micro and macro level. Surprise surprise: the science MBA combo lends itself beautifully to just that.

Another benefit of getting an MBA post-life science undergrad: more interactive career opportunities. After years of highly detail-oriented and isolated lab work, some scientists hunger for more interactive, people-facing employment. If you can relate, take note: an MBA will bolster your chances of finding a socially dynamic position that still calls upon your years of rigorous scientific study.

The perfect position for your background

Clearly, the science-MBA combo has never been timelier. Employers nowadays are looking for a blend of soft skills and hard skills, and the moment they see that winning duo of specialties on your resume, they’ll know without any further investigation that you possess plenty of both. If you’re looking for an interdisciplinary position that incorporates the full range of your skills, Sci.bio’s recruitment services can help you find it.

References

  1. MBA + Your Degree: Science
  2. What’s a STEM MBA and Why Is It So Popular?
  3. FAQ: What Are the Benefits of an MBA With a Biology Degree?
  4. $3 trillion growth reported for biotech sector
Off the Beaten Path: Life Science Jobs You May Not Have Considered

Off the Beaten Path: Life Science Jobs You May Not Have Considered

Author:  Tara Smylie

Life Science Jobs – When you think about what it means to be employed in STEM, do you think of syringes, microscopes, and lab coats? If so, you’re not alone! In reality, however, lab jobs are just one path you can take as a life science graduate.

Within STEM and biopharma, there are many hidden-gem positions that simply don’t get as much attention as they should. If you have an interest in science but also enjoy analysis, management, or communications, there is no shortage of exciting and non-traditional job prospects out there for you to explore.

STEM (Life Science Jobs) and Business

Not all STEM positions are primarily scientific. Most will require at least a foundational understanding of STEM concepts, but some also call for a strong big-picture grasp of business operations.

As such, if you possess both a science background and a keen understanding of economics, markets, and/or human behavior, you’re in luck. Job-seekers with passions for both science and business can consider the following options:

  • Medical science liaison: this position requires both people skills and a knack for clearly communicating important information. The main duty associated with this role is the provision of medical product information to key players in the pharma and life science industries.
  • Life science recruiter: if you have a strong network and enjoy the thrill of the chase, this position may be for you. Recruiters in the life sciences have the chance to make new connections across many different fields, and to gain an insider perspective on the back-end of science-based business operations.
  • Biopharmaceutical sales rep: if you have an advanced science degree, a go-getter attitude, and are a self-professed “people person”, you may find a perfect match in this position. The earning potential is very high, and for the right fit, the work environment can be exhilarating.

STEM and Communications

Any job in scientific communications will require both a keen analytical mind and the ability to articulate high-level concepts. If you’ve cultivated that elusive blend of “soft” communications skills and “harder” data and research skills, this may be the niche you’ve been searching for.

If you’re interested in finding a job in this field, here are some positions to keep on your radar:

  • Technical/Medical Writer: If you feel comfortable communicating scientific concepts to wide audiences, consider looking into medical or technical writing as a career. Some science writers work on a freelance basis, while others are employed by corporations.
  • Science Journalist: science journalism is similar to technical writing, but potentially broader in scope. A scientific journalist produces copy for not only scientific media but also blogs, websites, newspapers, etc.
  • Scientific Instructional Designer: this position is ideal for anyone with a teaching background as well as a scientific mind. Instructional design is a growing field, with many roles currently available at life science/biotech companies.

Another path less travelled: health informatics

When it comes to lab-coat-free science positions, health informatics jobs are just about as good as it gets. For one thing, they tend to pay well. And for another, the work they involve usually proves to be both stable and stimulating – the perfect combo. Positions in this field tend to involve management, advising, communicating, and/or analysis. If you possess one or more of these skills, consider that HI could make for a very fulfilling career path.

Here are just a few health informatics jobs available today:

  1. Clinical Informatics Analyst: this position is all about the data. It involves compiling and analyzing health information, and using that analysis to make policy and workflow changes within an organization.
  2. Health Information Technology Project Manager: think regular project manager, but with a little added expertise. For an employee in this role, projects often center on the implementation of new technology and the optimization of existing workflows.
  3. Health Informatics Consultant: often contracted for on a per-project basis, an employee in this role advises a healthcare organization on health-informatics-related challenges, questions, and initiatives. Because of its broad scope, the nature of this position can vary greatly from client to client.

Look before you leap (into a career)

Depending on your skill set and personality, a lab position may be ideal for you. But no matter where you end up, you’ll never regret having explored your options. Remember: modern career paths are not always linear! What you learn now could come in handy years down the line.

Whether you’re looking for a medical writing position, a senior lab job, or just for some career guidance, Sci.bio’s recruitment services can help you get where you want to go.

References

  1. What Does a Medical Science Liaison Do?
  2. So You Want To Be A Recruiter? Do You Have What It Takes?
  3. Top 11 Alternative Careers for Biotechnology & Life Science Graduates
  4. 12 Careers for PhD Life Scientists Outside of the Lab
  5. Instructional design helps you create classes, trainings, and apps that people actually learn from.
  6. 6 Top Careers in Healthcare Informatics

3 Ways to Fix a Flawed Interview Process

As a life sciences professional, interviewing candidates is an important final step in what may have been a long hiring process. Getting the right hire can mean the difference between building a “good” team vs. having a “great” one.

However, at many companies, HR leaders and team managers haven’t updated their hiring procedures or taken the time to customize the recruitment process.  In the “if it ain’t broke, don’t fix it” guise, many organizations go through the same basic routine they’ve done for years and fail to make the changes that would result in more effective interviewing and, therefore, stronger teams with less turnover.

While it’s not necessary to completely start from scratch when it comes to your interviewing techniques, it’s important to understand that markets shift, applicants change, and, especially during COVID-19, systems for interviewing and onboarding have become more flexible.

The following are three danger signs to watch out for – with suggestions on how to remedy your processes:

     1.      Your Interviews are Too Short and you’re all asking the same questions

A short interview – of 20 minutes or less – is not only insufficient to learn all of the necessary information about a candidate, it’s also disrespectful. Candidates spend weeks researching organizations, filling out applications, and doing their due diligence. To arrive at an interview only to walk out of the door less than half an hour later is anticlimactic at best, and harms your company’s reputation at worst. Adding to the insult of a short interview, interview teams are often not assigned to focus on areas of competence or skill and default to redundant, predictable, questions that fail to uncover a candidate’s true capabilities, strengths, and weaknesses.

Solution: Try not to rush things. Learn a little bit about them and their interest in the role before you dive into prepared questions. Candidates should have time to ask questions throughout the interview, not just as it’s wrapping up, and you should ask follow-up questions to gain a deeper understanding of their background and skills. You’ll learn more about the candidate and be able to assess their strengths and weaknesses. Develop a Behavioral Based Interview format where interviewers are assigned competencies and values that resonate with the role. This will allow useful assessments that can be benchmarked against other candidates.

 

     2.      The Interview is Your Only Hiring Tool

Interviews should not be the sole basis of a hiring decision. An interview shows managers how candidates behave in a professional setting, but they provide little evidence of what each individual brings to the table. Some people may interview well and be a great fit on paper, but they may not fit in with the team culture. Others may interview poorly, but have great technical skills that your team needs. This is especially true for highly skilled positions in the biotechnology, pharmaceuticals, and life sciences industries.

The entire application and interaction process from first interaction through references should be used as an opportunity for evaluation of candidates.  Attention to detail, timeliness can be assessed through email interactions as an example. Carefully worded reference questions can reveal weaknesses that may have not been apparent: ”Is there any additional training or development that candidate name  could benefit from in his/her development?” or “Why do you think candidate name wasn’t promoted, or left?” both allow opportunities for the reference to supply details you may not have uncovered yourself during the interview process.

Solution: Once you’ve narrowed down your selections to a handful of qualified individuals, you should find multiple ways to assess their skills and experience.  For example, if you’re hiring a life sciences writer, it doesn’t make sense to judge them purely on their personality or conversational skills. Examining each candidate’s portfolio of work or asking them to do a brief writing example would demonstrate if they’re right for the job. Similarly, if you are hiring a lead Scientist who will need to present data, ask them to prepare a short presentation and Q&A session.  Assess written follow up emails for both timeliness and attention to detail. Don’t ask cookie cutter reference questions that “check the box.” Instead ask questions that probe at the heart of candidate competency.

 

     3.      Only HR Personnel Conduct Interviews

Counting on only the HR department to interview and recommend the final candidate could lead to a poor hire. As capable as they may be, HR won’t know as much about the job as someone who has hands-on experience.

Solution: While HR can do the initial screening, hiring managers should conduct the follow-up interviews since they have the best understanding of the position’s requirements and the current team’s strengths and weaknesses. Most human resources professionals recommend that at least three company stakeholders become part of the  interview process, including the position’s direct manager, the manager’s boss, and the team’s relevant members.

 

Conclusion

Not every interview technique and process works for every company.  No two job applicants are the same, and no role is identical because a company’s needs change over time and so do roles and responsibilities. By being willing to look at your systemic flaws and adapting to what works and what doesn’t will help you attract and hire the best employees.

Sci.Bio is a leading recruitment and search firm based in Boston. We specialize in finding and hiring the best talent to fill temporary openings, long-term positions, and executive roles in the Biotechnology, Pharmaceuticals, and the Life Sciences industries.  

Taking the Confusion out of Working with a Recruiter

If you’re a candidate looking for a career in the biotechnology, pharmaceuticals, and Life Sciences industries, recruiters can help you locate and land the position you’re looking for. They can match you with employers and roles that are perfect for your skills, interests, and values. They also have access to open positions that you won’t find on job boards and can help prepare you for the interview process.

But did you know there are many types of recruiters – and recruitment firms – out there? Knowing the right one to engage with can be confusing, and understanding their roles can go a long way toward ensuring a successful and timely job search. One thing to keep in mind: you should work with a recruiter that understands and is experienced in the type of position you’re looking for.

Here are four types of recruiters to consider depending upon your specific need:

  • Contingency Recruiter

When a job candidate gets hired, the recruiter gets paid. That’s how it works for contingency recruiters. Their fee is “contingent” upon one of their candidates being successfully hired. So if a contingency recruiter finds you a job, he or she is paid either a flat fee or a percentage of your first year’s salary by the company that hired you. Normally, you don’t have to pay a fee.

Remember, recruiters are NOT working for you – they work for the client with the job opening. However, if you’re the right fit for the position, they’ll work hard to get you in the door.

  • Retained Recruiter

A retained recruiter has an exclusive relationship with an employer. They are hired for a specific period of time to find a candidate for a job, generally for senior-level positions in a company or for positions that are difficult to fill. They are paid expenses, plus a percentage of the employee’s salary, regardless of whether the candidate is hired. As a job seeker, you don’t have to pay a fee. Retained recruiters work very closely with the client to find the best person for the job with exactly the right skillset and experience.

  • Corporate Recruiter

Corporate Recruiters work in-house for a company’s HR department and are paid a salary and benefits just like any other employee. They often have titles such as HR Manager or Hiring Manager. Their job is to find new employees for the company they work for – usually large companies with many hiring needs.

  • Temporary / Contract Staffing Agency

Temporary (temp) agencies find employees to fill temporary jobs for their clients. Temps are often hired when companies have a rush, short-term projects, or to cover vacations or illnesses. When a temp agency places you in a position, they pay your wages, taxes, insurance, and benefits and charge the employer an hourly rate for your time. Many temp agencies are set up so that if an employer wants to ultimately hire a temporary worker full-time, the agency can handle that as well.

Summing it Up

Working with the right recruiter, who’s experienced working with job seekers in pharma/biotech, can help take the stress out of your job search. By understanding your skills and experience – while also having a firm grasp of the job market,  industry, and open positions – a skilled recruiter could be exactly what you need to further your career.

How Science Grads Can Get Hired by Biopharma Companies

A career in Biotech can be very rewarding. It’s an industry that develops cleaner energy sources, furthers medicine and cures, and develops higher-yielding crops to feed the world’s growing population.

Whether you’ve spent the past few years working on a Ph.D. or are about to finish your first degree, entering the biotech industry is an alternative to the more conventional life-science paths that lead through medical school or end in academia.

But it can be tough to know where to begin. And with the uncertainties caused by COVID-19, it can be hard to identify current job opportunities. Here are some tips to keep in mind as you begin your new career:

  • Do your Research

With any job, it’s important that candidates do proper research – not just about the job they’re applying for, but about the company they’re hoping to work for. Target companies you’re interested in reaching out to and check out their websites. See if you know anyone who may work at the companies and reach out. Get an understanding of what the organization does, their corporate culture, the leadership group, etc.

  • Find a Mentor

Whether it’s a professor or an established professional in the field, a mentor can go a long way toward helping new grads get their feet in the industry door. Identify one or two potential mentors that you feel you can build and nurture long-term relationships with. Mentors can be advantageous in advancing your career, providing sage advice and guidance based on their experience and expertise.

  • Build your Network

Just like doing good science takes collaboration, so does building your career.  Build a strong network for both career growth and increased learning.   A network of peers can be a valuable group to brainstorm with, glean best practices from and learn about new technologies.

  • Be Aggressive but Be Patient

It may be difficult for new grads to do, but not jumping at the first job offer can be the key to finding a great job. Students with STEM degrees are in the driver’s seat in the current economy and don’t need to settle for an immediate job offer. Pharma/biotech companies aren’t always the first on campus, so be patient and use due diligence to find the right role. When you arrive at the interview, ask questions about the job expectations and responsibilities to get a good feel for the position.

  • Accept an Internship

As a newly minted grad, what you’ve done (work experience) is often more important than what you know (degrees, awards, etc.). An internship that allows you to work in your chosen field will enable you to gain a practical understanding of what it’s like in the real world. It can also provide opportunities to build relationships and show potential employers that you have work experience – giving you a head start vs. the competition. Lastly, some companies hire interns once their term has been completed.

A Final Thought

If you know a biotech career is right for you but aren’t sure what type of position would be best, it’s important to reach out to the industry professionals. Creating a network of working professionals can help you decide on your career path. Also, working with an experienced biotechnology recruiter will remove a lot of the time and stress in finding your first job – and the right one.