Hi everyone,
I am a new PICU attending [10 months of work experience right after fellowship] and I am currently on 3 months of maternity leave after having my third baby. I also have Ph.D. and research-related experience. I have a friend who left adult hem onc job after 10 years of attending experience and is extremely happy in the pharmaceutical industry as a clinical research physician. I am considering joining the pharmaceutical industry too but it's a giant leap of faith hence I made this pros and cons list based on my current understanding of the two very different career options to make the process a little bit easier -
Pharmaceutical industry job Pros -
I wanted to know what your advice is knowing my current information and thought process from above. I am not sure if I am missing anything or if this list is enough to make this important decision. Is a corporate industry like the pharmaceutical industry have equal growth opportunities for both men and women during long-term careers? Is there more politics in the corporate industries like pharmaceutical compared to hospitals or is it the same? My husband works in IT industry and is supportive of whatever decision I make.
I am a new PICU attending [10 months of work experience right after fellowship] and I am currently on 3 months of maternity leave after having my third baby. I also have Ph.D. and research-related experience. I have a friend who left adult hem onc job after 10 years of attending experience and is extremely happy in the pharmaceutical industry as a clinical research physician. I am considering joining the pharmaceutical industry too but it's a giant leap of faith hence I made this pros and cons list based on my current understanding of the two very different career options to make the process a little bit easier -
Pharmaceutical industry job Pros -
- same or higher salary, with bonuses, and higher salary increase during the career
- more departments to learn from and to switch within
- weekends free
- No night calls
- No long hours
- With a better lifestyle, will be able to pursue hobbies and have more family time
- may continue to work in some clinical form like locum or urgent clinic if I choose to on weekends to continue to be a physician
- Long-term growth, more vertical growth opportunities
- Making a difference in many patients' lives at one time rather than one patient at a time in the clinical job
- No stress related to at least one patient trying to die during my shift [less acuity]
- no patient interaction
- initial learning curve which is also present in my current clinical job since I am a new attending anyways
- less prestige since it's not a physician role according to some [though I don't necessarily agree]
- May be lesser job security but the pharmaceutical industry is still considered more stable than banking or finance or any other industry
- Physicians are eligible not only for physician-related job roles in the industry but also for non-physician-related job roles for which competitors can be nurses or providers or physician assistants, etc. [in summary people who are less trained than physicians.
- patient care, procedures, and satisfaction related to it
- variety of clinical cases [though this can correlate in the pharmaceutical industry too, as working in different clinical research projects]
- love my current team
- long hours
- night calls
- weekend working
- less work-life balance, less time for growing children and hobbies
- Less vertical growth in terms of position
- Salary reaches ceiling after initial few years after which it stays the same for rest
- More stress while taking care of the critical patient, more chances of burn out
I wanted to know what your advice is knowing my current information and thought process from above. I am not sure if I am missing anything or if this list is enough to make this important decision. Is a corporate industry like the pharmaceutical industry have equal growth opportunities for both men and women during long-term careers? Is there more politics in the corporate industries like pharmaceutical compared to hospitals or is it the same? My husband works in IT industry and is supportive of whatever decision I make.