MBA vs. PhD in the Life Sciences / Biotechnology / Pharmaceutical Industry

I have completed a Bachelor of Science (Microbiology) and am curious as to whether pursuing an MBA or PhD next would lead to a more monetarily successful career in the Life Sciences / Biotechnology / Pharmaceutical Industry. Please let me know your thoughts and/or advice. I have been reading about the fact that when Big Pharma companies restructure their R&D focus that they axe entire divisions and let 100's of PhD's go. Are MBA's any more immune? Or is this not the case?

MBA is one of the best option

MBA is one of the best option to boost your career.
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I have two Masters degrees.

I have two Masters degrees. The first in chemical engineering the second in engineering management, but I'm still not getting ahead?

Qualifications and intelligence can get your foot in the door, but perception of results matters most. You either need to contribute more or create a mirage of the value you bring to the table.

Is this where I buy

Is this where I buy basketball jerseys?

Ive currently done my M.T. am

Ive currently done my M.T. am about the same ,my ideal job be to have a balance of both R&D and management,...?

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"I have two Masters degrees.

"I have two Masters degrees. The first in chemical engineering the second in engineering management, but I'm still not getting ahead?"

The reason is economy is not growing so many people are underemployed. We need to do a lot of innovation and mfg. in this country and not offshore jobs, so we can get jobs.

I have two Masters degrees.

I have two Masters degrees. The first in chemical engineering the second in engineering management, but I'm still not getting ahead?

All you really need to do is

All you really need to do is say you have these degrees without actually getting it. It's worked for the CEO of AbbVie whose is making 20 million a year.

This may sound a bit cliche

This may sound a bit cliche but a degree is just the ground work. It gives you the basic knowledge to and terminology definitions, and a solid piece of paper saying you know them. The question is not what has more value or security it's what do you want to do. Do you want to be a scientist or a business person. The one thing I will say is that the real value of an MBA is after working for a couple of years as you apply what you learn from other expirence and your own. PhD is more about discover

I have an MS in life sciences

I have an MS in life sciences + MBA, so including my BS I have 3 degrees. I have done very well for myself, have worked in R&D and business side of life science as well as CPG and technology companies. Currently I manage a marketing team for a Fortune 500, so please excuse me when I tell you to take your shit for brains opinion else where.

I've seen many people get conned into believing that they just need another degree or 2 to be successful. Unless you have a very specific goal that requires the degrees, picking up another degree is just a waste of time and money. Time is better spent discovering what you want to do, then networking and busting your ass to convince a decision maker that you are the right person for the job.

I eagerly anticipate more wisdom from your experience as a MD/JD/PhD/MBA, your immense salary, huge genitals, etc.

"All of the time & money

"All of the time & money spent getting degrees would be better spent networking if you want to move up the corp ladder. And getting PhD + MBA + JD is mind bogglingly stupid: select one and go after that goal with all of your energy. Otherwise you will end up an over educated attorney or an underpaid business person."

You sound like some bitter loser who doesn't even have 3 degrees!

I went into pharmaceuticals

I went into pharmaceuticals because I wanted to do something useful with my life. I left after 15 years, thoroughly bitter and disillusioned. These clowns are only interested in making money. They ignore serious life-threanening illnesses and insist their staff work on the life-style diseases of the Western world for which they can charge vast sums. Curing people is bad business because you can't keep charging if they get better. Antibiotic resistance will kill billions within our lifetimes but there isn't enough profit in it to make it worth working on. If you want money, be prepared to join the gym, play golf and taslk b*llsh*t. Don't worry about qualifications. They only matter in as much as they give you bragging rights in the locker room. If you want job satisfaction go to a small firm.

All of the time & money spent

All of the time & money spent getting degrees would be better spent networking if you want to move up the corp ladder. And getting PhD + MBA + JD is mind bogglingly stupid: select one and go after that goal with all of your energy. Otherwise you will end up an over educated attorney or an underpaid business person.

guide me

guide me

Get an MD/PHD and then MBA/JD

Get an MD/PHD and then MBA/JD degrees. You cannot go wrong with four degrees in your hand. Job Security will be yours.

If you're just in it for the

If you're just in it for the money I pity you.
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Oh, you're one of those. By "those" I really mean idiots.

Yes, there are bunch of

Yes, there are bunch of unemployed PhDs out there but there are also quite a few unemployed MBAs. The degree is not the issue or cause. That's a general trend in Pharma over the last decade.
Specific advise: In my 20 year career I've met two people in R&D Group Leader/Director positions without a PhD and I'm one of them (call it a 1/1000 event). If R&D is your passion go and get the PhD; otherwise you will peak at age thirty or be hoping for a miracle.
If R&D is not your passion, find something that is....MBA/marketing? Sure.. someone has come up with the correct color for our new drugs.

If you're just in it for the

If you're just in it for the money I pity you.

Do starting MBAs or starting

Do starting MBAs or starting PhDs have a greater salary in these industries? Which one has greater earning potential in the long run? Which one offers greater vertical mobility over a career (i.e. offers the potential of becoming a Director, Senior Director, AVP/SVP/EVP etc.)?

Tis is the rumour mill.

Tis is the rumour mill. Please stop posting common sense and useful advice. Try and concentrate on saying Pfizer/danaher/Roche are morons.

You know the drill.

Ps, what he/she says is right. They're not alternate qualifications because they work in different career paths. Do you want to run experiments, or businesses?

If you want to be successful

If you want to be successful in research in those industries, you should go for a Ph.D. You can get by without a Ph.D., but having one will open more doors for you. Put it another way: how many of the R&D group leaders in the industries you mention DON'T have a Ph.D?

If you do an MBA, you should go for a job outside of R&D anyway, in my opinion. Perhaps in sales, marketing, management, or whatever takes your fancy. There are many rewarding career paths within the life sciences that do not involve R&D (surprising to many of the unimaginative Ph.D.s I know).

I also want to add that MBA's are becoming so common that their wow factor for the possessor has rapidly declined over the past 10 years.

Bottom line is that you should do what you want and pursue it with passion. Do not try to hedge your bets by choosing a "safe" qualification. You will get found out in the end.

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