Executive Directors are awarded the highest paychecks, with compensation nearing approximately $240K per year on average; Biotechnology Senior Research Scientists are next on the list, bringing in close to $121K, followed by Senior Research Scientists earning about $120K and Pharmaceuticals Sales Representatives making $105K. Financial compensation for Associate Research Scientists is rather low — on average only around $66K — relative to the rest of the company.
When it comes to location, the highest average paycheck ($114K annually) can be spotted in Princeton, N.J.; New Brunswick, N.J. ($112K), Hopewell, N.J. (around $107K), and Seattle, Wash. (approximately $99K) are the next top-paying cities. Approaching the lower end of the pay scale (at $56K) is Tampa, Fla. Pay rates in the United States are highest in the state of New Jersey, where they average to about $107K per year.
Years of Experience
For those with five to nine years of experience, average earnings amount to $88K annually. For those with one to four years of experience, median paychecks reach $66K per year. Overall, the greater share of Bristol-Myers Squibb Company folks have 10-19 years of experience and earn an average around $108K annually.
Certifications and Degrees
Registered Pharmacists receive bigger paychecks (approximately $135K per year) than those without credentials. Acquiring certification to be a ASQ Certified Quality Auditor is rewarded with median pay of $130K annually. The best paid folks at Bristol-Myers Squibb Company have a Doctorate (PhD), earning $134K per year.
In this position, it pays to have Regulatory Compliance in your toolkit; employees who claim proficiency enjoy a higher median salary of about $131K annually. Project Management also popped up often in the survey as an important skill; nearly one in six of employees surveyed report using it at work. Employees also tend to round out their skills sets with Biotechnology, Data Analysis, and Microsoft Office.
Benefits and Perks
Company compensation for vacation days and sick leave is awarded to only 28 percent. To plan for old age, most survey participants maintain savings accounts through the company's 401(k) plan. Health insurance is part of the package for nearly all employees, and for a large number of employees, dental coverage is too. Other privileges include life insurance, tuition reimbursement, a casual working environment, and stock options.