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10 Reasons to Work for a Large Biotech Company |
If you are wondering whether to choose working for a large established biotech company or a start-up, here are ten reasons to work for a large company.
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Biotechnology is a rapidly developing industry, and there are lots of exciting career opportunities in biotechnology. Some of the more exciting-sounding career opportunities are with small start-up companies. There are some very good reasons, however, to choose to work for a large biotech company instead.
- Reputation and Prestige. There is some professional status that comes with working for a large, recognized biotech company. You are more likely to be asked to be involved in professional activities, such as publishing and speaking, when you work for a large company.
- Funding. You are far more likely to find adequate funding for your projects at a large biotech company than at a small start-up. The prestige of the company also makes it easier to get outside grants.
- Specialization. Large biotech companies offer more opportunities for you to specialize in your specific area of interest, instead of becoming a generalist.
- Stability. Larger companies tend to be more financially stable. You are less likely to suffer lay-offs and cutbacks. You are less likely to lose funding for projects.
- Advancement Opportunities. Larger biotech companies have more positions, and more of a hierarchy, and so they offer you more opportunities for career advancement. In addition, you may have the opportunity to get assigned to projects that offer you professional advancement.
- Pay and Benefits. Larger companies almost always offer a more generous pay and benefit package than start-ups do.
- Better Equipment. Whatever equipment you need to do your job, a large biotech company is much more likely to have the best equipment available than a start-up is. You are not likely to have to make do with outdated equipment, or to jerry-rig things.
- Professional Development. A large biotechnology company will likely offer plenty of opportunity for professional development, both on-site and off. You will probably be able to attend lectures and discussion groups by co-workers who have expertise in some areas. You will probably be paid to attend conferences occasionally. You may be reimbursed for further education. You may be encouraged and paid to present at conferences or to publish, too.
- Mentors and Role Models. You are likely to find people at a large biotech company who are experts in their fields, and who can teach and mentor you.
- Work Structure. At a large biotech company, you are likely to find more work structure. You will probably work a certain number of hours a week, and most of the time you will go home at a certain time. You’ll find more physical structure, with buildings and equipment organized according to the kind of work that is conducted there.
If you prefer a structured environment, if you would like to specialize, and if you want to learn from the best, a large biotechnology company might be a good fit for you. In addition to professional opportunities, they usually offer better pay and benefits than smaller companies, and they are more stable and secure.
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