A recent report in Nature reported an alarming jump by 150% in the number of postdocs. The report also found that many of these PhDs have been in their postdocs for over 6 years. Meanwhile, the number of tenured and other full-time faculty positions has continued to declined. In addition, a recent government report found that a large portion of professors live below the poverty line. As a result, the professional risk of staying in academia to do research has become too great.
However, another recent government report found that PhDs employed in the Life Science Industry (not in academia) earn more than those employed in any other sector of the economy. This is because industry R&D departments are growing rapidly, especially in the biotechnology and biopharmaceutical fields. A large R&D Trends Forecast by The Industrial Research Institute found that hiring expectations for R&D professionals is continuing to grow across almost every industry segment. Overall, the message is clear - academic researchers are in low demand while industry researchers are in very high demand.
"The R&D Society is a great program for any PhD who specifically wants to transition into an R&D position in industry. The program provides direct access to other PhDs who are currently working in industry R&D positions. Once you become a R&D Society member, you will be able to interact with current R&D professionals through the R&D Society’s private group where you can ask any questions you have about your transition anytime from anywhere. I highly recommend this program for PhDs who are interested in entering R&D."
Klodjan Stafa, Ph.D., Senior Scientist at Estée Lauder Companies
"I came into the R&D Society not knowing what to expect. Now I have my dream job working as a Senior Chemist at L'Oréal Group. The R&D Society program gave me access to top-level insights from other research scientists, including what interview questions to expect and how to prepare for an interview presentation. Most importantly, the Society gave me a very safe place to share all of my job search questions. While the Cheeky Scientist Association was instrumental in helping me craft my overall job search and in generating referrals, the R&D Society provided a very intimate environment that fostered rapid learning that was specifically focused on research scientist and other R&D positions. I received detailed feedback in the Society’s private group and the consultants who were all research scientists did an excellent job of holding me accountable to meeting deadlines, which really helped me. If you want to stay at the bench or work in any R&D position in industry, the R&D Society will hold you accountable, provide you with a very intimate and focused setting to share all of your questions, and will ensure you’re executing your job search correctly."
Lilian Josephson, Ph.D., Senior Chemist at L'Oréal Group
"I waited a long time to transition into industry and at times thought it was too late. I joined the Cheeky Scientist Association and was really impressed with the Association’s materials and with the level of support I received. Eventually I made the decision to move into an R&D role and wanted to get specific training for this role. That’s when I decided to join the R&D Society. The program was terrific and, long story short, I’m now an Associate Director at Regeneron Pharmaceuticals, Inc. I love my new job! Who would have thought I would have been able to line up interviews with top companies so quickly and have my choice of R&D jobs? I couldn’t believe how quickly things have happened. I’m very happy to have joined the R&D Society and am excited about remaining in the group to help other PhDs get into top research scientist and R&D positions in industry as well."
Nathalie Fiaschi-Taesch, Ph.D., Associate Director at Regeneron Pharmaceuticals, Inc.