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Biotechnology - research or management?

  1. Nov 17, 2008 #1
    Hi everyone,

    I have a question that is floating around in my head and I am getting mixed suggestions. Thought I might try to ask here as I have gotten good advice from you guys before. I would like to work in a Biotechnology company one day, what ever position really (that is either a good research position or a management position). I spoke to my father earlier and I was thinking that maybe I should switch to a business management major/specialist since this would allow me to have a non-stressful type of life and a good pay.

    He heard from a friend who is was a researcher (retired now) that the next couple of decades a lot of money will be put into Biotechnology. Now I know that this might be true and I have seen a lot of good Biotechnology companies go up in the past few decades but truthfully, don't researchers get some of the lowest percentages of those money investments. Even if we do see a huge investment in these companies, I still think researchers won't be making a lot very fast. The latest data that I can find about median salaries at Amgen: Amgen Salaries

    To even hit the 100k mark you have to have at least 20 years of experience. I am beginning to think that my father's friend is saying such comments because he is way above this experience group. I mean he is retired and they are still requesting him for work at the university he worked at.

    Now I am currently studying Molecular Biology and will pursue Masters in Biotechnology (business/science mix) if I can get in (as only 32 students get in each year) and will then finally apply for a job. I have been though thinking of maybe switching over to a business management major, or maybe do business and switch over to a simple biology major/instead of molecular biology. But my father wants me to stay in the science degree and continue on with science.

    What are some of your thoughts?

    I do not think I would like to do research my whole life. I have been thinking if I do stay to continue with research for a few years and then switch over to management but not sure if that would be so easy later on in life.
  2. jcsd
  3. Nov 17, 2008 #2
    You will almost always make more money in business than in research.

    That said, some people have no talent or interest in business and would be better off in research.

    I know it's a cliche, but the most imporant thing is to do what makes you happy.
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