There's a lot of competition today for jobs in the biotech and pharmaceutical industries, and not all of it comes from other academic labs. An increasing fraction of your competition has an unfair advantage: In 2011, record numbers of entry-level jobs -- the jobs you're applying for -- are going to scientists who already have industry experience.
It's not your father's job market -- or your older brother's, for that matter. It is very definitely an employer's market. Companies have access to more talent than they've seen in years for every job opening they announce.
Employers can choose whomever they want in a market like this, and scientists with industry experience have big advantages. If you don't have experience, you have to do what you can to offset those advantages.
What a bunch of spoiled hiring managers we're going to be left with when this recession ends. The current abundance of interesting, experienced candidates has reinforced a trend we've seen for about a decade: employers searching for very specific skill sets instead of hiring bright people and bringing them up to speed. Converting a molecular biologist into a regulatory affairs specialist would require a training program; it's been years since employers offered that kind of support for new hires. A company isn't going to hire and train you when they can hire a recently laid-off scientist from now-defunct ABC Biotech with exactly the skills they need.
If you're still making decisions about your training, keep this in mind: You are hired for what you did last. That means that if you're choosing a Ph.D. program or a postdoc, you'd better do it carefully. Choose a lab where the work relates directly to your career objective. Choose a lab where the principal investigator is well connected in industry.
If you're already out in the market, the challenge is to present your experience so that it seems just as relevant as your competition's, even if she's already had a year or three in industry. It's hard to compete with people who have already worked in industry. There's less risk in hiring them because they've already passed through the crucial cultural transition and made it to the other side.
But really, their biggest advantage is that they know the job-seeking ropes. What does someone who has been let go from a downsizing company know about the job market that you don't know? Plenty. But if you pay attention, you can compensate.
Your experienced competitor knows how important networking is. She has been managing the networking process since she was searching for her first job several years ago. She knows more people in industry than you do and knows how to identify and contact hiring managers in the companies she'd like to work for.
Here are some other advantages job hunters with industry experience have over most scientists who are making the jump to industry right now:
Clearly, these generalizations don't apply to all, but they illustrate common differences between the two types of candidates. I saved the best for last, a red flag that occurs frequently and can be very damaging. It's worth more than a casual mention.
"I'm looking for an assistant professorship as well as exploring my options in an alternative career," someone told me recently. Now there's a line that falls flat when you use it in a company interview. They worked hard to get where they are. They never thought of their company as a fallback, or as some kind of alternative. Most importantly, they're not interested in being part of your plan B.
Even if you're also still seeking an academic post, when interviewing for an industry job, that's the job you want. The industry employer's greatest fear is that you won't make a successful transition to the culture of industry. Why reinforce that fear by talking about an academic job search? Hiring managers want people who are passionate about the opportunities on their side of the academia/industry divide.
I look forward to the day, hopefully soon, when those spoiled hiring managers get their comeuppance and entry-level jobs will go back to being entry level. Not that they'll mind: When that happens, the industry will be humming along again, so everyone will be happy. Until then, you need to demonstrate savvy beyond your years of experience.