Principal Investigator, Clinical Research Salary
The average Clinical Research Principal Investigator in the United States can expect to rake in roughly $83K per year. Though the majority of Clinical Research Principal Investigators do not report high levels of job satisfaction, most are moderately content with their role. Some workers in this field — more than a third — are not awarded benefits. Medical coverage is reported by the greater part and dental plans are enjoyed by the larger part. Female Clinical Research Principal Investigators make up most of the survey respondents at 75 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Job Description for Principal Investigator, Clinical Research
Principal investigators in clinical research generally lead a team of qualified researchers who collect data on medical phenomena, such as acquired and hereditary diseases, chronic ailments, and psychological afflictions, as well as the efficacy of various treatments. This position is also referred to as the "head of the laboratory" or "research group leader."Read More...
In addition to proficiency in scientific evaluation, principal investigators should have a minimum of a bachelor's degree in a scientific field and at least five years of post-university experience working on a research team. As a group leader, the principal investigator legally holds the research grant administered by his/her working group's benefactors (the entities issuing funding for particular research projects, such as universities or government institutions). This is a position of high responsibility within a clinical research team, as these PIs must secure funding, manage expenditures, perform quality assurance for research processes, collate data, and review findings in accordance with the objectives of each project.
Principal investigators in clinical research typically work indoors in a laboratory setting, though this is subject to change depending upon the nature of the research assignment. PIs may manage teams of as little as two and as many as fifty qualified researchers, who are often graduate degree-seeking research students in a scientific field. Hours may vary in this position, but are typically on an as-needed basis and depend on the stage of research being conducted at any given time. Work-days are also flexible, as the needs of each project dictate the level and frequency of involvement required of the principal investigator.
Principal Investigator, Clinical Research Job Listings
Search for more jobs:
Pay by Experience Level for Principal Investigator, Clinical Research
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries of relatively inexperienced workers fall in the neighborhood of $73K, but folks who have racked up five to 10 years see a notably higher median of $135K. Clinical Research Principal Investigators see a median salary of $125K after reaching one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $128K.