MassBioEd Releases BioWages Guide for the Biopharma Industry in Massachusetts

Aug 09, 2018

With competition for talent at an all time high, MassBioEd’s salary guide provides critical information for hiring and HR managers

August 9, 2018 (CAMBRIDGE, MA) — The Massachusetts Biotechnology Education Foundation (MassBioEd) today released the Massachusetts BioWages Guide [hyperlink], a comprehensive resource for salary information for biopharmas in the Commonwealth. In an increasingly competitive labor market, MassBioEd seeks to communicate relevant and timely job market data to all participants in the workforce development spectrum – job seekers, students, academia, policymakers, and industry. With nearly 12,000 additional jobs forecast to be created by 2023, MassBioEd’s salary guide offers hiring and HR managers an affordable way to ensure they’re on par with industry standards around pay.

“Over the years, we have repeatedly been approached by human resource professionals in the industry, especially those representing start-up or small- to mid-sized companies, to develop a lower cost resource for salary information,” said Peter Abair, Executive Director of MassBioEd. “In developing the Massachusetts BioWage Guide, we seek to fill this need.”

Updated twice annually, the BioWage Guide includes:

  • Basic salary data, current through April of 2018
  • Salary data for 154 positions in the industry
  • Data for 31 positions at “director-level or above” based on company budget size, including “short-term incentive pay”
  • Data for the remaining positions below the director-level, presented by experience level and job level
  • Data for ALL position presented on by Massachusetts sub-region (Boston/Cambridge, Northeast, 128/Suburbs, Worcester/495) and by salary percentile

The report was developed with guidance from a group of industry human resources and hiring professionals. All data was extracted through Economic Research Institute’s (ERI) Salary Assessor tool.

To purchase the report, visit www.massbioed/org/job_trends.

# # #

About the MassBioEd Foundation

MassBioEd’s mission is to build a sustainable life sciences workforce in the region through educational programs that inspire and propel students, engage and excite teachers, and illuminate the pathway from the classroom to careers.  A 501(c)(3) charitable non-profit organization, MassBioEd’s vision is for a talented regional workforce to sustain a world-class life sciences industry. Learn more at http://www.massbioed.org.

Return To News List