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Biotechnology and pharma have been growing steadily for many years now, and there is no sign that this growth will plateau any time soon. Despite a decrease in biopharma market capitalization last year, the industry still saw a 14% increase in the number of employees (Ernst and Young). And this year, the industry has bounced back and is looking strong. In a single year, the biopharma industry added $1.2 trillion dollars to the US economic output (US Department Of Commerce). There is no shortage of opportunity for PhDs in the biopharma industry. But, to beat out the competition and land the industry position you want, you MUST be aware of current industry trends.

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Every week we scour the internet to find the best industry transition articles for PhDs, so you don’t have to. We have two consultants independently search for the most informative articles on networking, CVs/resumes, interviews, transferable skills, academic blues, industry positions, and business acumen. Our consultants vote on a top article for each category and for a top overall article each week. This week’s best articles are here.

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In this interview with Pallevi Srivastva, PhD, she tells us how she is enjoying developing technologies that will have practical applications. She loves the collaborative industry environment where research is driven by customer need. For her, persistence and networking were key to her successful industry transition.

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Every week we scour the internet to find the best industry transition articles for PhDs, so you don’t have to. We have two consultants independently search for the most informative articles on networking, CVs/resumes, interviews, transferable skills, academic blues, industry positions, and business acumen. Our consultants vote on a top article for each category and for a top overall article each week. This week’s best articles are here.

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More than 90% of Fortune 500 companies are using Applicant Tracking Software (ATS) to screen candidates’ resumes (JobScan). And, ATS systems reject up to 80% of resumes in a matter of seconds (The Financial Post). It’s no wonder your non-tailored academic-style resume is not getting any response. But, even the best resume could be rejected by ATS. You have no idea what the employer has told the ATS to look for in candidates’ resumes. Even a perfect resume is not enough to get you a job. You need to network and generate referrals so that you can send your resume directly to a person. Candidates with a referral have a 40% better chance of getting hired (Quartz). But, even with a referral, a terrible resume will lead to a rejection. Bottom line, a perfect resume is not enough to get you a job, but a terrible resume is more than enough to get you a rejection.

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Every week we scour the internet to find the best industry transition articles for PhDs, so you don’t have to. We have two consultants independently search for the most informative articles on networking, CVs/resumes, interviews, transferable skills, academic blues, industry positions, and business acumen. Our consultants vote on a top article for each category and for a top overall article each week. This week’s best articles are here.

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In this interview with Julie Dela Cruz, PhD, she talk about how she used networking and perseverance to successfully transition into industry. She wants other PhDs to know that, as a PhD you are a master of learning and you can learning anything. Julie transitioned from neuroscience into dermatology, and is loving it.

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Outside of academia, your PhD is valued and in demand. But, industry is very different from academia. Your PI cannot help you get hired in industry because in industry, more than 50% of new hires come from a direct referral. Industry does not care about a recommendation letter from your PI. Your PI is so focused on surviving academia, that they do not have the time or energy to help you get a job. It is a waste of time trying to keep your PI happy. Doing this will not help you get a job. Instead, you should be implementing a job search strategy, and networking with people in industry who can give you referrals.

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Every week we scour the internet to find the best industry transition articles for PhDs, so you don’t have to. We have two consultants independently search for the most informative articles on networking, CVs/resumes, interviews, transferable skills, academic blues, industry positions, and business acumen. Our consultants vote on a top article for each category and for a top overall article each week. This week’s best articles are here.

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With a referral, your chances of getting hired increases to 53% and this number jumps to 91% if you are referred by someone in a director role (US News). By getting a referral, you increase your chances of getting hired by more than 50%. So, your number one job search priority should be networking. But, once you make the effort to put networking at the center of your job search strategy, you don’t want a terrible resume ruining all that hard work. Even with a referral, a terrible resume will lead to rejection. Your resume is the first thing that the hiring manager will see, so it must make a good impression. This is your chance to earn an interview, so make the most of it.

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