Many doctoral students feel that academia is the only career path available to them. To make matters worse, I was an international student. 793 1 1 gold badge 6 6 silver badges 7 7 bronze badges. This is because many PhDs excel at understanding complex technologies, which is crucial to technology-based sectors such as biotechnology, software, consumer electronics, and pharmaceuticals. The wait was painful, it was excruciating to bear the silence from the other end. Here are 10 top non-academic careers for PhDs to consider applying to…. Follow these five guidelines to narrow in on the best. Science PhDs continue to be preferred by QA firms because of their proven ability to conduct independent research and their detailed understanding of the scientific aspects of technology-based sectors. He also has experience with global biotechnology and biopharmaceutical companies, including clinical trial consulting. Successful PMs are able to envision new products and clearly understand the competitive landscape of their market. How we make an impact. The simple answer is PhDs can be hired in almost any industry; however, some industries employ more commonly than others. Education Requirements: Only a bachelor's degree is required to become an investment banker, but many individuals in this role earn at least an MBA. comments. Endless…, My postdoc tenure was ending soon but with no possibility of an extension. You must have a strong background in medical research as well as medical terminology. Their job is to systemize organizations as efficiently and effectively as possible. Management consultants must be able to work in collaborative “teamwork” environments where communication and leadership skills are crucial. They offer information about clinical trials, current research and new approaches. A key advantage of securing a Management Consultant position is that it will open doors for a variety of opportunities including executive management, venture capitalism, and entrepreneurship. Many PhDs fail to pursue Management Consulting positions because they believe that these positions require extensive industry experience. Medical Communication Specialists must also possess excellent written communication skills and have a strong understanding of the ethical or regulatory guidelines in their field. You’re switching your alma mater for the private sector. Science PhD with backgrounds in “quant” related disciplines such as Mathematics, Statistics, Physics, Engineering, and Computer Science are highly sought after for these positions. They use this information to figure out catalysts for environmental changes. Primary Duties: A quantitative analyst, commonly referred to as a "quant", aids companies in making financial and business decisions through the use of quantitative methods. Surprisingly, I never got a call back. P.O. My path to industry success has not been a straight line, so let’s start from the beginning… My PhD is in Asia Pacific Studies, and after about 6 years in academia, I needed a change of pace. Primary Duties: Environmental analysts create solutions for environmental problems by collecting and interpreting data. CaPS has compiled a list of job search websites, social network websites, articles of interest, books & other resources for graduate students interested in non-academic careers. The main reason for this is that Medical Communication Specialists often work to produce a variety of documents, including patient education brochures, Web content, physician articles, sales training materials and regulatory documents. They accomplish this by selling company equity and by issuing debt. The same report stated that the management consulting market recently grew by 8.5% to a total value of $39.3 billion. Companies with this position: Akerman LLP, UnitedHealth Group. This is how many PhDs ended up in poor and unhappy postdoc positions in the first place. A similar report based on U.S. labor statistics showed QA positions will grow by 20% through 2018. Primary Duties: Regulatory affairs specialists are also known as: Whatever they are called, they play a vital role in obtaining and keeping government approval for nutritional products, medical devices and pharmaceutical drugs, among other things. Areas of graduate study include: Companies with this position: New York Cancer and Blood Specialists. You will be required to gather information from key opinion leaders (KOLs), intelligence databases, scientific conferences and online resources. Since Market Research Analysts provide key market information and collaborate with strategic decision-maker, this role can open up doors to higher management positions. You’re used to thinking about your skills through the lens of your teaching, research, and writing/publishing. What made it one of the top ranking career centers was that they provided opportunities and resources to help trainees prepare for a diverse range of careers. In any job search, you have to sort through many job postings to find the ones that are right for you. Most MSLs are not even allowed to discuss drug prices or conduct sales. Companies with this position: Brown Advisory, Stifel, UBS. My favourite part is the way that each contributor’s dissertation title is listed too! I remember my own academic education well. Free insights into industry resumes, interview questions and top careers for PhDs. Learn how to craft the perfect industry resume to attract employers. CI Analyst positions often act as a gateway to higher executive positions as these Analysts already contribute to a company’s executive decision-making. Be selective, organized and efficient when you're searching for a job. Candidates are frequently hired based on the availability of funding for a project, often with contract renewal at set intervals. I could not understand where I was going wrong. As a BDM, you will have to prioritize innovative products based on market needs and competitor positioning. Grad students and PhDs who are unsure about how to start a non-academic job search. These habits can sometimes increase the chances of getting a positive response from employers. Career Expert. If you’re not interested in laboratory work, science communications can be a great way to use your specialist knowledge in a less technical arena, conveying complex messages to a wider audience. In this article, we'll explore some of the top career paths for Ph.D.s, arranged from the lowest to highest earning potential. Leadership is a core part of real life, of industry. Companies with this position: Wells Fargo Bank, Morgan Stanley. Once they have finished evaluating the data, environmental analysts create solutions and recommendations to prevent or reverse the damage. Don’t make the mistake of chasing something that will ultimately make you miserable. My career center was one of the best. Their work often requires travel and they are a part of the entire development of therapeutic products. STEM PhDs are in high demand for consulting positions because they have a strong technical background and are specifically trained troubleshooting difficult problems. Some of their other responsibilities include: Education Requirements: It is preferred that medical science liaisons have a Ph.D. in Research Science, a Medical Doctor Degree or a Doctor of Pharmacy degree. A PhD combined with CRA experience is considered by industry experts as the best way to prepare yourself for an MSL position. But, nowadays, science PhDs are being increasingly hired as BDMs. I kept shooting the same resume at all the different job postings, all throughout the year. Learn about the top 20 industry careers for PhDs (regardless of your academic background). If you're more interested in academic careers, ResearchGate is great for connecting to other individuals in the field. In this article, I cover some of the diverse career paths that are available to PhDs, including but not limited to jobs within industry. Read more. I simply did not want to pursue a tenure track position. Additionally, most technical support managers possess: Companies with this position: ReferralExchange, Inc. Primary Duties: Though the role of an investment banker varies depending on the company, their primary job is to earn money for their clients. Jobs sites with a special interest in PhDs Job sites where non-academic posts requiring a PhD are often advertised, include: jobs.ac.uk Although this is the prime UK site for academic jobs, they also advertise jobs outside academia. Indeed is not a career or legal advisor and does not guarantee job interviews or offers. In addition to education requirements, investment bankers must also take and pass several tests in order to earn securities licenses. PhDs working in corporate and non-profit sectors give accounts of what they do in their day jobs, showing how skills learned in the PhD are put to use outside of academia. A PhD’s ability to analyze large amounts of information and identify comparative advantages between two technologies is very valuable to this role. Their primary goal is to manage company and client risks while actively identifying potentially lucrative investment opportunities. In November, a connection offered to refer me for yet another position. A international recruiting survey found that MSL positions have increased by over 38% and is one of the fastest growing, science-related jobs in the world. To make matters worse, all I was able to hear from the people around me were unhelpful advice, while information and help were all that I needed. We've looked at official data on how a PhD can improve your job prospects and increase your salary potential. This has made the role of Healthcare Information Technology (HIT) Specialist one of the fastest growing jobs. 0. likes. Non-academic jobs for PhDs in STEM subjects. You must also be willing to learn about medical coding, information technology, clinical database management, and medical billing. PhDs have already have many of the skills required for this role, including strong scientific and technical knowledge, strong information gathering skills, and the ability to analyze large data sets. There are a number of occupations outside of the academic field that require or benefit from completing studies to earn a PhD. Hospitals, ambulatory healthcare services, clinical research centers, academic research institutions, and health insurance providers are the main sources of employment for HIT Specialists. Read our guide to working in academia, with information on job positions, career paths and average salaries. This includes the research and necessary clinical trials, production process, regulations and procedures for obtaining government approval. They do this by developing mathematical models to guide their decisions using statistics and analysis. Though a large part of their responsibilities involve soliciting investments and selling stock, investment bankers also serve as financial advisors to their clients. More... - lecturer - college new. As such, immigration laws required me to be formally employed in less than 90 days from my graduation. Operations Research Analysts are responsible for investigating complex issues, identifying and solving operational problems and facilitating a more cost-effective and efficient functioning of an organization. I did not have the luxury of spending half a year on a job search after graduation, let alone taking a break for a few months and then starting my job search. Some of their duties include: Education Requirements: To become a curriculum coordinator, you must have at least a master's degree, experience in the field of education and an up-to-date teaching license. Gain a thorough understanding of your career options. The institution I was earning my PhD at was one of the top 10 across the nation. Although a bachelor’s degree is often mentioned as the minimum qualification in Operations Research Analyst job postings, graduate degree holders are heavily favored. A recent McKinsey & Company report found that MSL roles will continue to increase rapidly through 2020. As a Management Consultant, you will be required to leverage your problem solving skills. I remember getting on Pfizer and Shire’s websites, clicking…, The holidays were not so happy for my family as my husband was about to be laid off by his employer due to funding restraints at the lab. Product Managers (PMs) are responsible for managing the entire life-cycle of an innovative product. QA responsibilities include quantitative data analysis, financial research, statistical modeling, and pattern recognition—all related to predicting trades. I wanted to explore options for alternative careers instead but my University provided me with no resources for doing so. What kind of non-academic jobs are there for someone with a PhD in math (or what is the best resource to see what jobs are out there)? But it’s not a focal point for academia, which is why so many students get their PhDs only to face a harsh reality… Instead of success and recognition, PhDs feel used. According to this new government initiative, there is a massive push for adoption of healthcare technology by healthcare providers. Your reports will act as essential tools that administrative teams will use to plan an ideal commercialization path, thereby avoiding pitfalls and maximizing revenues. BDMs are required to use a combination of scientific knowledge, analytical skills and market trends to forecast things like revenues, profits, and losses. Easily apply to jobs with an Indeed Resume, 3 Habits That Could Increase Your Chances of Getting the Job, Training teachers on new instructional materials, Choosing curriculum that meets state guidelines, Identifying and researching relevant data, Using data to make client recommendations, Generating reports detailing their analysis, Managing and coordinating a staff of technical support specialists and technicians, Analyzing logs to pinpoint potential threats, Determining necessary resources to solve problems when they arise, Training and advising their tech support staff, At least five years of related experience, Ability to quickly and creatively solve problems, Familiarity with the software Remedy or Remedy ITSM, Cultivating relationships with people in the field, Making presentations to pharmaceutical product teams, Marketing new pharmaceutical products to healthcare professionals, Translating scientific research into easily understood, engaging content, Managing the finances by budgeting and minimizing costs, Clinical Quality Assurance Associates or Specialists, Product Safety Specialists, Drug Regulatory Affairs Specialists, Quality Assurance/Regulatory Affairs Specialists (commonly referred to as QA/RA Specialists), Quality Assurance Documentation Coordinators or Specialists, Developing a strategy to balance regulatory concerns and compliance with marketing objectives, Advising on matters of compliance and regulation, Adapting information and predictions to create reports, Ph.D Jobs: Top Non-Academic Careers for Ph.D Degree Holders. Versatile PhD – The Versatile PhD, founded by Paula Chambers, is a US website which aims to help humanities and social science graduate students and PhDs identify, prepare for and excel in non-academic careers. You can see the non-academic employers currently advertising at their “Browse employers by type” page Access the recording here or in iTunes. Primary Duties: Equity research analysts are typically employed by companies in the finance industry to perform research, analyze information, develop reports with the data and then use that information to make financial predictions. Primary Duties: Medical science liaisons typically work with biotechnology and pharmaceutical companies as a connection to the healthcare industry. Job security is less certain in non-academic settings than post-tenure positions in academia. If you’re a PhD or postdoc, it’s crucial for you to understand all the opportunities you have in front of you. Too many postdocs and assistant professors I knew were too miserable for me to ever want to be one of them. PhD graduates in humanities and social sciences have skills highly sought after … Currently PhDs with medical knowledge have a significant advantage in finding employment. The deficit of academic careers and increased awareness of non-academic career paths have led more STEM PhDs to choose other careers in science. PM roles are multifunctional and demand collaboration spread across multiple divisions of an organization. I had absolutely no idea what valuable skills I had or where to look for relevant positions. Next, we suggest researching and exploring non-academic options. Market research analysts are expected to gain a complete understanding of the commercial landscape associated with a specific technology or sector. 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