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Life Science Salary Guide 2023

Life Science Salary Guide 2023

Morgan Philips have created a series of comprehensive salary guides for jobs in the UK in 2023. In this post, we will be discussing some of the key figures and data for jobs in life sciences, which we have taken from our downloadable life sciences salary guide. We will also be answering frequently asked questions regarding life sciences recruitment.

If you are looking for a new role in life sciences in 2023, you can speak to a member of our expert team today to discuss the perfect role for you.

What is the Highest Paying Job in Life Science?

A Managing Director/General Manager in life sciences will enjoy the top end of yearly salary rates. At a junior level, a managing director or general manager can expect to earn between £110k to £135k, with those at an experienced or senior level receiving salaries ranging from
£135k to upwards of £180k per year. 

In the UK, the majority of people in this role work within London, where there are around 1,691 individuals with this job title. This is followed by Bristol, Manchester, and Leeds, where there are an average of 228 life sciences managing directors in each region. 

The gender split for this role is 51% male to 49% female, with each individual to have an expected tenure of around 2.6 years, before moving on to a different company. 

As the managing director/general manager of a life science company, your expected objectives will likely be as follows:

  • Manage and grow P&L. Drive the business, set the company vision & strategy, and to inspire the team to achieve the company targets.
  • Create long term strategies to deliver ongoing sustainable sales and profit growth.
  • Set the strategy and monitoring progress in Sales, Marketing, SFE & Market Access.

Looking to move into this role in 2023? Visit our Executive Search & Recruitment page to discover your new job today. You can also find information on specialist roles through our Specialist Recruitment page.

You can also download our comprehensive Life Sciences Salary Guide 2023.

Is Life Science in Demand?

The life sciences sector has experienced tremendous growth, particularly following the Covid-19 pandemic. As an industry, it is expected to expand by a minimum of 7% by 2028, which will equate to around 19,667 additional jobs available for life sciences professionals by
that time 

For example, if we examine the role of Head of Engineering in life sciences, there has been a yearly rise of more than 43% for individuals moving into this role in 2022, with the expected salary for this title is between £60k to £80k, or between £80k to £110k for a senior head of
engineering.

Life Sciences Salary Overview 2023

Below we have included some key figures for a selection of job roles within the life sciences industry. These are a handful of results taken from our downloadable Life Sciences Salary Guide 2023, and aim to give you an example of general growth within this sector, including
metrics such as gender splits and average tenure.

Toxicologist / Senior Toxicologist Salary 2023

As a toxicologist in 2023, you can expect to earn between £40k to £50k for a junior role; £50k to £70k as an experienced member, and between £70k to upwards of £100k+ as a senior toxicologist.

There is currently a gender split of 43% to 57% in favour of women for this role, with an expected tenure of around 2.5 years on average before individuals will move on to a new employer.

Nationally, there has been a rise of 4% for people moving into this role between 2021 and 2022, with London currently employing the largest number of workers in the UK, totalled at 1,663 people.

Regardless of seniority, your expected objectives as a toxicologist will likely be to:

  • Study the harmful effects of chemical products and pollutants on the environment
  • and health; suggest ways to measure, control and remove.
  • Share the conclusions of the evaluation and ensure follow up on products.
  • Determine the drug’s toxicological properties.
  • Prepare homologation files and grant market authorisation.

Looking to move into this role in 2023? Visit our Executive Search & Recruitment page to discover your new job today. You can also find information on specialist roles through our Specialist Recruitment page

You can also download our comprehensive Life Sciences Salary Guide 2023.

Market Access Manager in Life Sciences Salary 2023

Market Access Managers can expect to earn between £75k and £95k per annum, with a senior member of staff earning between £95k to £120k for the year 2023

There is currently an even gender split of 50% for this title, with most members enjoying an average tenure of 3 years before moving on to a new employer.

London currently employs the most individuals in this role, at around 73 members, which is then followed by Manchester, Bristol, and Leeds.

As the market access manager, it is expected that your objectives will be:

  • Set/execute market access, repayment and pricing strategy of product portfolio.
  • Create a budget for required resources.
  • Maintain relations with the Transparency Board, Public Health Commission, thought leaders, patient associations, MHRA and Department of Health.
  • Negotiate the price of medicines with the MHRA.
  • Adhere to the regulatory standards and the healthcare environment.

Looking to move into this role in 2023? Visit our Executive Search & Recruitment page to discover your new job today. You can also find information on specialist roles through our Specialist Recruitment page.

You can also download our comprehensive Life Sciences Salary Guide 2023.

Summary


If you are interested in a new role in life sciences in 2023, can find the perfect job for you with Morgan Philips’ leading Executive Search & Recruitment services

Morgan Philips works with a range of organisations to ensure your talents are matched with the best role possible. With a complete understanding of local markets, Morgan Philips offer quality job matching and assessment services with quick
response times.  

You can also speak to our life sciences recruitment experts directly.

Find out more through our specialist recruitment services, or explore our bespoke executive search recruitment services .

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