What are the salaries in a pharmaceutical company
Pharmaceutical Industry - Industry Information
In the pharmaceutical industry, companies are involved in the manufacture and marketing of drugs. The companies often run their own research projects and develop new active ingredients. Other companies only make generics based on the same active ingredient in another drug. The German Medicines Act describes such entrepreneurs as pharmaceutical entrepreneurs who have approvals for medicinal products or who market them under their names. Pharmaceutical companies need government approval to manufacture drugs or substances. Pharmaceutical law obligations ensure that pharmaceutical companies ensure the quality, safety and effectiveness of their drugs.
Pharmaceutical companies manufacture various medicines for human and veterinary medicine. This includes:
➤ finished medicinal products,
➤ blood preparations,
➤ In-vivo diagnostics,
➤ Allergen preparations,
➤ Gene therapeutics.
Medical products such as bandages or artificial joints are only partially included in the product range of pharmaceutical companies.
Organization of the pharmaceutical industry
The International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) serves as the most important international umbrella organization for the pharmaceutical industry. In the USA, pharmaceutical and biotechnology companies are united under the umbrella of Pharmaceutical Research and Manufacturers of America (PhRMA). For Europe, the European Federation of Pharmaceutical Industries and Associations (EFPIA) organizes the national pharmaceutical industries.
In Germany, a number of associations structure the pharmaceutical industry. Most of the members belong to the Federal Association of Drug Manufacturers. Manufacturers of prescription drugs are part of the Association of the Chemical Industry. They also participate in the Federal Association of the Pharmaceutical Industry and the Association of Research-Based Pharmaceutical Manufacturers. Companies that exclusively manufacture generics are organized in the Pro Generika Association. Other companies adhere to the code of conduct of the voluntary self-regulation for the pharmaceutical industry.
Compared to the last few years, the number of employees in the pharmaceutical industry has decreased. In 1995, 122,900 people were still working in pharmaceutical companies. In 2006 the pharmaceutical industry only employed 117,000 people. In addition, there are 125,000 people who work for service providers and suppliers in the pharmaceutical industry.
Professions in the pharmaceutical industry
Many pharmacists find the good future prospects and wide-ranging training attractive in their job. Pharmacists move up to management positions in larger pharmaceutical companies. There they manage and control the implementation of projects for the manufacture or research of active ingredients and drugs. Her area of responsibility includes administration as well as budget and capacity planning. A pharmacist has a good chance of finding a job with pharmaceutical companies if he has a doctorate and speaks good English.
Study of pharmacy
A degree in pharmacy is not a prerequisite for a good job in the pharmaceutical industry. However, it greatly increases the chances. During their studies, pharmacists deal with the development, quality assurance and manufacture of drugs. Knowledge from chemistry and biology is used. As one of the oldest sciences in human history, it is divided into numerous subject areas. In the field of pharmacology, the focus is on the effects of drugs on the body. The chemical structure of drugs plays a role in pharmaceutical chemistry. Pharmaceutical technology is proving to be important for pharmaceutical companies. It specializes in the manufacture of aids such as tablets, with which an active ingredient reaches its destination.
The study of pharmacy turns out to be very demanding. Only a few students graduate in the prescribed time. At the beginning of the course there are the basics of biology, physics and chemistry. In the further course, lecturers impart more specific knowledge of pharmacy. In the field of pharmacology, students take anatomy, toxicology and microbiology. In the field of pharmacognosy, they deal with morphology and biogenic drugs. In pharmaceutical technology, students learn math and the basics of making medicines. In addition to theory, the course also includes some practical exercises. Students test themselves in laboratory exercises during the semester and in internships in a pharmacy.
Salary and future prospects in the pharmaceutical industry
Even a young professional in a medium-sized pharmaceutical company earns 2,500 euros a month. He receives a salary of 30,000 euros per year. In contrast, a regional manager in a large pharmaceutical company receives almost 8,000 euros a month. Projected over the year, he earns 95,000 euros. In the area of quality assurance, an employee of a pharmaceutical company receives an annual salary of almost 70,000 euros. He comes to a sum of 5,700 euros per month. An employee of a very large pharmaceutical company also receives 3,700 euros a month with training to become a laboratory technician. He earns 44,000 euros a year. The pharmaceutical industry shows many graduates and trainees a promising start into the future. The size of the pharmaceutical company and the level of training are decisive pillars for the level of the salary. There are also great opportunities for applicants in the field of service providers and suppliers to the pharmaceutical industry. The pharmaceutical industry is the most promising occupation for trained pharmacists.
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