Salary of director at pfizer
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Shawnrx, 19 posts and you still have not managed to post one true or helpful thing, keep the streak going!
copied and pasted from 2006 article (have no idea if accurate):
"John LaMattina, the top scientist for Pfizer" "an organic chemist by training"
"With new products scarce, Pfizer's profit is sliding, and its stock price is languishing near an eight-year low. Industry critics say the company has tried to gloss over its research failures with heavy marketing that encourages patients to take medicines, like Viagra and the painkiller Celebrex, that they may not need."
"Of course, LaMattina, 56, has a financial and personal interest in offering a positive spin on Pfizer's prospects. He was paid $5.1 million in salary and other compensation last year and owns about $10 million of Pfizer shares, according to the company's proxy statement"
http://www.iht.com/articles/2006/07/18/business/pfizer.php
"John LaMattina, the top scientist for Pfizer" "an organic chemist by training"
"With new products scarce, Pfizer's profit is sliding, and its stock price is languishing near an eight-year low. Industry critics say the company has tried to gloss over its research failures with heavy marketing that encourages patients to take medicines, like Viagra and the painkiller Celebrex, that they may not need."
"Of course, LaMattina, 56, has a financial and personal interest in offering a positive spin on Pfizer's prospects. He was paid $5.1 million in salary and other compensation last year and owns about $10 million of Pfizer shares, according to the company's proxy statement"
http://www.iht.com/articles/2006/07/18/business/pfizer.php
While titles vary from company to company, Director is generally not that high up. I would estimate base salary $150,000-250,000 plus bonus/stock.
lol
I highly doubt the director of new drug development makes 150,000-250,000 when Pfizer's research budget is close to 8 billion dollars...
I would assume the director of new drug research is a MD research scientist, making millions.
If you are talking some local administrative position, I would believe 150,000.
Are you confusing "director" and "executive VP"? Director is typically a mid-level management title (except things like "brand director", which would be more like upper managment). In any pharmaceutical company there are very, very few people below executive VP level who make more than a milllion dollars in base salary. Now bonus structure is infinitely complex and I am not even going to attempt to predict that. You see the difference between salary" and "total compensation", right?
PS New Drug Development, unless Pfizer would use different terminology than most companies, is a commercial function, not scientific (though people who can be in that position come from a variety of backgrounds ranging from bench sience to clinical (MD, Pharm.D.) to accounting to marketing).
PPS It is possible that Pfizer pays obscene amounts of money compared to other pharma, but these are lean times and I doubt it. I am not familiar with that particular company, though. It never ceases to amaze me that there are sales reps out there making well over 100K - now that is just wrong.
Depends on your qualifications, experience, degree and position.
Directors will pull in 150-250,000 (Associate? Senior? Experience? Years with Company? Division?).
Millions ... haha, what a joke.
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might want to go over to cafepharma for this one. im sure if you can sift through 20 troll posts you'll get a couple of good answers.
above posters were probably confusing "a" director with something like "THE" director of drug development.
based only on my knowledge of people in corporate positions at similar levels although in other industries, id say 150-250k as well plus bonus.
THE director of all new drug research or drug development.. now doesnt that seem like it would be worth 7 figures at an enormous international organization?
above posters were probably confusing "a" director with something like "THE" director of drug development.
based only on my knowledge of people in corporate positions at similar levels although in other industries, id say 150-250k as well plus bonus.
THE director of all new drug research or drug development.. now doesnt that seem like it would be worth 7 figures at an enormous international organization?
The faculty member I wanted to work with in graduate school gave up his tenure track position (and the title of highest paid faculty member) to become Director of Natural Products Drug Discovery at Merck. The grapevine said he was offered twice his annual academic salary......about $500,000 / year.
But, he was fired about two years later......
In order to obtain become Director of Drug Discovery, I would assume that you need many years of experience in research (a PhD and/or an MD), an NIH grant or two and oodles of publications......(the professor I mentioned above was in his early 50s when he accepted the position)
But, he was fired about two years later......
In order to obtain become Director of Drug Discovery, I would assume that you need many years of experience in research (a PhD and/or an MD), an NIH grant or two and oodles of publications......(the professor I mentioned above was in his early 50s when he accepted the position)
Director is mid level management at most pharma companies.
Manager
Director
Vice President
President
I worked at pfizer doing drug discovery for several years. Some of the guesses are surprisingly close.
A director isn't as high as you might think.
Assistant scientist <-- new B.S grad enters here
Sr. Assitant scientist
Associate scientist <-- new M.S grad enters here
Sr. Associate scientist
Scientist <-- new Ph.Ds enter here, leads 2 B.S, 1 M.S
Sr. Scientist <-- Ph.D w/ post-doc enters here
Fellow <-- leads 6 people, heads a "lead" compound/series
Sr. Fellow
Assistant Director <-- heads a non-major therapeutic area within a department, ~3 compound series, 20 or so people
Sr. Direct <-- heads a major or 2-3 non-major therapeutic areas (e.g CV, oncology), 40-60 people
VP of the department
President of the site
So Assistant Director makes ~$200K in salary, Sr. Director ~$250-300K. But that's not the potential total pay could be. There scientist and up has performance based bonus and stock options. Higher you go, those side pay becomes a much larger % of total potential pay. Of course when Pfizer stocks are tanking, those won't be worth the paper they are printed on. 🙄
A director isn't as high as you might think.
Assistant scientist <-- new B.S grad enters here
Sr. Assitant scientist
Associate scientist <-- new M.S grad enters here
Sr. Associate scientist
Scientist <-- new Ph.Ds enter here, leads 2 B.S, 1 M.S
Sr. Scientist <-- Ph.D w/ post-doc enters here
Fellow <-- leads 6 people, heads a "lead" compound/series
Sr. Fellow
Assistant Director <-- heads a non-major therapeutic area within a department, ~3 compound series, 20 or so people
Sr. Direct <-- heads a major or 2-3 non-major therapeutic areas (e.g CV, oncology), 40-60 people
VP of the department
President of the site
So Assistant Director makes ~$200K in salary, Sr. Director ~$250-300K. But that's not the potential total pay could be. There scientist and up has performance based bonus and stock options. Higher you go, those side pay becomes a much larger % of total potential pay. Of course when Pfizer stocks are tanking, those won't be worth the paper they are printed on. 🙄
So where does a PharmD enter?
Pharm.D's aren't typically in drug discovery. I asked IndustryPharmD where Pharm.D's enter after doing the industry fellowship, she said typically ~manager level.
If you believe the examples they show on the fellowship brochures and websites, it looks like the typical pharmD ends up getting a job as a "clinical scientist" after the fellowships.
Again, this is strictly from the promotional material, so take it with a grain of salt.
So where does Senior principal scientists come and how many people they lead.
I am PhD with 8 years of post doc experiece (4 years in industry relevant project). May i ask them to consider me for senior principal scientist.
Also any estimate of starting salary for Sr Pr Sci.
Will appreciate your help.
8 years of post-doc experience is a giant red flag. Why so many?
My first postdoc was for three years. PI decided to move the lab (I could not move because of family reasons but got a descent paper with him and he is still one of my very good referee) then started second postdoc in one of the top brass lab and been here for 5 years and have been promoted to research associate this year, have two papers under preparation.
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