Research & Development (R&D) Analyst, Pharmaceuticals Salary
The average salary for a Research & Development (R&D) Analyst, Pharmaceuticals is $60,000 per year.
Job Description for Research & Development (R&D) Analyst, Pharmaceuticals
Research & Development (R&D) analysts of pharmaceuticals are responsible for analyzing medicine costs and feasibility for their organizations. They are tasked with analyzing data to verify that research has been completed and pharmaceutical development is on the right track, and also help evaluate business opportunities based on products on the market and supply-and-demand numbers.Read More...
R&D analysts of pharmaceuticals also analyze statistics to find correlations between different products and their effectiveness, and work closely with sales and marketing departments to share important project information and reach all company goals in a timely manner. They may help conceptualize market trends and preferences according to survey feedback, and work well with other analysts to develop strategies for distribution and increasing products' effectiveness. They use market intelligence to conduct regional tests of how products perform, as well.
These analysts use a variety of technologies to help expand business opportunities and identify segments which aren't covered by competitors. They also develop schedules and forecasts to help minimize risk and maximize sales efforts. They must always implement customer feedback and multitask effectively to increase efficiency in the research and development stages. They should be organized and pay close attention to detail to find data to support their claims and help company objectives, and they often participate in product meetings to brainstorm new ideas to save costs and resources.
A bachelor's degree in business management or a related field is generally required for this position, and prior experience in the pharmaceutical industry is highly beneficial. Analysis and industry certifications are also helpful.