Pharmaceutical Industry 101

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Hello. I am a student in the St Johns 6 year pharmD program..and I will be entering my second year this fall. I have no idea what type of pharmacy I would like to do but I know its either clinical or industrial and maybe keep a retail job on the side like you mentioned you do. What exactly is the difference between industrial and clinical? and if I am interested in industrial do you think I should begin to do research in my university? Thank You!
Industrial = working for pharmaceutical industry, where many roles are possible, including some very clinical ones

Clinical = working in a job that directly utilizes and depends on pharmacotherapy knowledge you get in school. However, typically used to mean hospital jobs where little or no dispensing takes place.

Reading these forums would be a good start.

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Honestly, after talking to several fellows, I haven't met a single one who has not had experience in the industry prior to the fellowship.
While most fellows tend to have industry experience, not all do. Generally, the way it works out, if you are from the Connecticut-New York-New Jersey-Pennsylvania area, not having industry experience will be held against you, because it is fairly easy to obtain here. If you are from other parts of the country, especially Midwest, the Rockies, the South, with little or no pharmaceutical industry presence, lack of direct industry experience will not count against you. However, if the candidate has not done an internship or a rotation in industry, the candidate has to show what else he/she has done to explore their interest in whatever function they are applying for, and what experiences they do have that will prepare them to function effectively in that role.
 
If you can have that too, I think it is good. But I am afraid not everyone has the same opportunity to have experience in industry in this economy. In fact, I asked few of my professors who had worked for major company, they said it is very difficult now to get a job in industry.

However, try our best to get any type of research either in school or anywhere else is another alternative way.

Yes, in this day and age it is difficult to get a job in the industry because many companies are not hiring and most of those who are hiring are looking for candidates with specific experience. Number of internships offered has been cut, as far as I am aware, though some may have reappeared in the last year or so, since we all realized that the patent cliff can be survived.

Most pharmacy schools do not offer pharmaceutical industry rotations.

I'm a P2 currently and my school does not have a huge focus on industry. However, ever since I learnt about the industry, I've been keen on it. My question is- as a student, what is a good way to get your foot through the door? I'm looking for an internship next summer. How do I go about looking for one?

However, there are still things one can do to prepare for a career in industry. The specifics will vary depending on the specific career choice.

If you don't know what exactly you want to do, I strongly recommend at least reaching out to the individuals employed at different roles in the industry to understand what they do. Because marketing is very different from early clinical research from regulatory from project management, etc. Reaching out to the programs that interest you and arranging for a half an hour or an hour to speak with the fellow over the phone would be a good start. Once you have an idea on what you want to do, it gets easier.

If you want to work in a medical information role, make sure you get a drug information rotation or two, every school offers them. Yes, it is rather different in industry than it is in the hospital, but it will give you some skills and some understanding of the role, as well as something to talk about in the interview.

If you want to work in research, get involved in research projects with your professors. Usually you can get it as independent study credit, or, if they have grant money to spare, you may even get it as a paid part-time job.

If you want to work in managed markets, getting a rotation at a PBM would be a good idea. Or even a VA or IHS rotation can be useful for that.

If you want to work in marketing, get involved in all kinds of fundraising and recruitment efforts at whatever organizations you belong to at pharmacy school.

Essentially, the interview comes down to showing that you:
- understand that the job is about
- have the skills to do the job or can develop these skills fairly quickly
- are committed to the job and enthusiastic about it

There are many ways to get there. It's up to you. And if you spend effort figuring out exactly how to do it, it will help you in more ways than one. :)
 
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What exactly do u do in "managed markets"?

Thanks
 
What exactly do u do in "managed markets"?

Thanks
Use proper spelling, for one thing. ;)

Work with third party payers - PBMs, Medicaid plans, etc. Some positions are in the field (account management, more or less), some are in-house (figuring out what strategies would make sense, financially and otherwise).
 
Because I have been asked this question far too many times...

Basically, the question is rather silly, it is like asking, "Do basketball players earn a decent salary"? The range is from someone who plays for a small team in a local league and makes just enough to cover transportation and uniform and has another day job, to an NBA star who makes millions.

Same way, there are a lot of factors that determine one's salary in pharma world. Things like job description, job title, experience, and education, among others. Also, besides salary there are such things as annual bonus and/or equity awards that can make up the bulk of compensation.

All I can say, for entry-level positions someone without industry experience is likely to get, it will probably be less than retail. But the potential for compensation growth is much greater than in retail.

What is the entry level salary for a PharmD working in Regulatory (say as an associate or specialist I.) I know years of experience and level of education are important factors in one's salary. Does it almost matter which area of RA you are in (CMC, global product strategy, ad/promo..etc?)
 
What is the entry level salary for a PharmD working in Regulatory (say as an associate or specialist I.) I know years of experience and level of education are important factors in one's salary. Does it almost matter which area of RA you are in (CMC, global product strategy, ad/promo..etc?)
Generally, the actual department will not matter, most if not all companies I am aware of (except, possibly, the very small ones) determine pay by putting a position within a certain pay range. So exact department won't matter in most companies. Where you land within the pay range for the position is determined by your personal qualifications, from years of experience, to graduate degrees, to negotiating skills.

I would guess that an entry-level position in Regulatory would pay somewhere between $60K and $120K depending on the company. As a PharmD, you would probably be looking at something in the $90-$110K.

Assuming you can convince the hiring manager that they should hire a PharmD without experience rather than someone with a regulatory affairs degree or job experience who will cost less money and get up to speed faster. Again, that will depend on the company and the geography. Some companies like to train from scratch while others prefer people who already know the job. And some areas have a good candidate pool, while some areas have lack of qualified candidates and may be willing to settle for what they can get.
 
Generally, the actual department will not matter, most if not all companies I am aware of (except, possibly, the very small ones) determine pay by putting a position within a certain pay range. So exact department won't matter in most companies. Where you land within the pay range for the position is determined by your personal qualifications, from years of experience, to graduate degrees, to negotiating skills.

I would guess that an entry-level position in Regulatory would pay somewhere between $60K and $120K depending on the company. As a PharmD, you would probably be looking at something in the $90-$110K.

Assuming you can convince the hiring manager that they should hire a PharmD without experience rather than someone with a regulatory affairs degree or job experience who will cost less money and get up to speed faster. Again, that will depend on the company and the geography. Some companies like to train from scratch while others prefer people who already know the job. And some areas have a good candidate pool, while some areas have lack of qualified candidates and may be willing to settle for what they can get.

That's a little too high. Entry level is a max of $60K/year without PharmD. With a PharmD only and no experience, you won't find a job unless it is at $60-75K/year. Regulatory is not a push-over position. You have to know your stuff inside and out because it comes down to your opinion and expertise many times for a go/no-go decision (I'm in regulatory new product development).
 
That's a little too high. Entry level is a max of $60K/year without PharmD. With a PharmD only and no experience, you won't find a job unless it is at $60-75K/year. Regulatory is not a push-over position. You have to know your stuff inside and out because it comes down to your opinion and expertise many times for a go/no-go decision (I'm in regulatory new product development).

Interesting. I know that non-PharmDs in regulatory don't get paid very well, but I have a hard time imagining a PharmD taking a job with half the market rate for PharmDs. Or imagining someone making an offer like that, since I believe that pharmacists' typical pay is fairly well known in the pharmaceutical industry. I would deny a PharmD candidate if I didn't have a budget for at least $90K rather than make them an offer of $60K. Too many bureaucratic (internal paperwork) hoops to jump through to make an offer only to see it declined due to low salary... Not to mention I would simply not hire a PharmD with no industry experience for anything other than drug information or certain positions in drug safety. Definitely not for regulatory... All the pharmacists I know in regulatory have either done a two-year specific regulatory affairs fellowship or worked in something like medical affairs for 5+ years and then switched within the company. And those switches all happened some 10 years ago, when pharmaceutical industry was growing and desperate for people, which today it is not. The companies who are desperate for people are all desperate for very experienced candidates, not those with potential which has to be developed.
 
Confirmed salary out of the rutgers fellowship program is around 80-120 all in compensation. I don't have the Breakdown by department but I don't imagine the salary would be that far from the average since Pharmd's mostly end uP in regulatory or med affairs.

On the rutgers website you can see the outcomes of the fellowship program and they often end up as a manager or senior manager.
 
Confirmed salary out of the rutgers fellowship program is around 80-120 all in compensation. I don't have the Breakdown by department but I don't imagine the salary would be that far from the average since Pharmd's mostly end uP in regulatory or med affairs.

On the rutgers website you can see the outcomes of the fellowship program and they often end up as a manager or senior manager.
The higher end is for those who become MSLs. And don't forget that these people have one (mostly two) years of direct experience in their position, rather than coming fresh from school. ;)
 
I am a PharmD student also pursuing a PhD in translational science. The goal of the program is to give graduates research training in both clinical and bench research. I am interested in working in industry, but I don't know exactly where I would fit in best. My primary interest is in clinical research. Could you suggest some areas in industry that would be most appropriate for my background?
 
I am a PharmD student also pursuing a PhD in translational science. The goal of the program is to give graduates research training in both clinical and bench research. I am interested in working in industry, but I don't know exactly where I would fit in best. My primary interest is in clinical research. Could you suggest some areas in industry that would be most appropriate for my background?

Phase 1.
 
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I am a PharmD student also pursuing a PhD in translational science. The goal of the program is to give graduates research training in both clinical and bench research. I am interested in working in industry, but I don't know exactly where I would fit in best. My primary interest is in clinical research. Could you suggest some areas in industry that would be most appropriate for my background?
I am no expert in research, but isn't translational science something that deals with very early/discovery stage compounds? That does not correlate very well with your interest being primarily clinical research. What exactly do you mean when you say "clinical research"? What do you enjoy (or you think you would enjoy) about it? Working with actual, live patients? Writing protocols? Analyzing study data? Also, when you say the program's goal is to offer trainign in both clinical and bench research, does that refer to the PhD component? Because PharmD, unless it changed dramatically since I was in school, does not offer much training at all in terms of research. In fact, none, other than critical reading of published studies.
 
I am no expert in research, but isn't translational science something that deals with very early/discovery stage compounds? That does not correlate very well with your interest being primarily clinical research. What exactly do you mean when you say "clinical research"? What do you enjoy (or you think you would enjoy) about it? Working with actual, live patients? Writing protocols? Analyzing study data? Also, when you say the program's goal is to offer trainign in both clinical and bench research, does that refer to the PhD component? Because PharmD, unless it changed dramatically since I was in school, does not offer much training at all in terms of research. In fact, none, other than critical reading of published studies.

Actually, NIH recently has pushed a lot of their funding into universities to build new buildings for translational research. UF has opened a good program and they're recruiting students with Pharm.D background. Basically, you have a chance to work with patients and collect their blood sample to search for biomarkers. And I think that is what he means by clinical research.
 
I am no expert in research, but isn't translational science something that deals with very early/discovery stage compounds? That does not correlate very well with your interest being primarily clinical research. What exactly do you mean when you say "clinical research"? What do you enjoy (or you think you would enjoy) about it? Working with actual, live patients? Writing protocols? Analyzing study data? Also, when you say the program's goal is to offer trainign in both clinical and bench research, does that refer to the PhD component? Because PharmD, unless it changed dramatically since I was in school, does not offer much training at all in terms of research. In fact, none, other than critical reading of published studies.

Translational science aims to do research at the interface between the lab and the clinic. For example, analyzing problems with a drug in a large patient trial then working backwards to solve that problem in the lab. The PhD program has a patient-based (clinical) research component and a complementary basic (lab-based) research component. So yes, to answer your questions this is totally separate from the PharmD curriculum.

5minutes, why Phase 1?
 
First of all, thanks for making this thread; it is very helpful!

Do you know if drug companies are looking to expand into emerging global markets? I am bilingual and able to converse/read/write Chinese fluently. How much do job/residecny/fellowship recruiters care about foreign language skills?
 
Actually, NIH recently has pushed a lot of their funding into universities to build new buildings for translational research. UF has opened a good program and they're recruiting students with Pharm.D background. Basically, you have a chance to work with patients and collect their blood sample to search for biomarkers.
What specifically is the role of PharmD students? Taking medication histories? That's not research per se. Though back when I was in school, that was a fairly common way for PharmD students to make some money and get some additional experience.

And I think that is what he means by clinical research.
A word of caution for you. NEVER assume what someone means. Not with patients (especially with patients, because your recommendation can be completely wrong if you don't dig deeper), not with doctors, not with coworkers. I have been burned more than once early on.
 
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Translational science aims to do research at the interface between the lab and the clinic. For example, analyzing problems with a drug in a large patient trial then working backwards to solve that problem in the lab. The PhD program has a patient-based (clinical) research component and a complementary basic (lab-based) research component. So yes, to answer your questions this is totally separate from the PharmD curriculum.
OK. I think one of the Rutgers fellowships is focused specifically on the translational science. That would be a logical entry point for you...

And you haven't clarified what exactly you enjoy/what you see yourself doing.

I would also start scanning the job postings within pharmaceutical industry for things such as "Scientist" "Research associate" etc. to see what the job descriptions are and see which one you would be qualified for, and which one sounds most interesting.

If research is what you are interested in, PhD is going to help you more than the PharmD to get into the industry.
 
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Do you know if drug companies are looking to expand into emerging global markets? I am bilingual and able to converse/read/write Chinese fluently. How much do job/residecny/fellowship recruiters care about foreign language skills?
All the big pharma already have a presence in China. But generally they hire locals (whether US educated or not) for their Chinese offices. There are some expats, but generally in managerial positions, not entry-level. Financially, it makes no sense to bring someone from abroad for an entry-level position, and generally it is not necessary given the number of well-educated Chinese.

The jobs that big pharma tends to have in China... Mostly it's either research jobs, manufacturing jobs (though vast majority of manufacturing is done by Chinese contractors rather than by wholly owned big pharma facilities) or marketing/MSL-like jobs (to promote to local Chinese doctors) or regulatory jobs (to interface with the SFDA).

I do think your ability to speak Chinese is an asset, especially after you have gained some work experience and become a more attractive candidate for some managerial positions, but I wouldn't count on it getting you your first job in pharmaceutical industry. Generally, foreign language skills are a nice bonus, but it's a fudge factor for "on the fence" decisions only.
 
IndustryPharmD,

Thanks for your insight the past few years. I have been following your advice for that time frame and I think you bring a unique perspective to the table.

As a P4 who is getting ready for Midyear, do you have any advice for me to ace the interview? I attend a newer school on the West Coast and because of that, I have not had any industry rotations. However, managed care has piqued my interest for a long time, and I was able to do two PBM rotations. Are there any articles relating to industry you recommend to hold a stimulating conversation with my interviewer?

I am particulate interested in managed markets because I am very knowledgeable about the challenges facing managed care. Do you see managed markets being a "hot" field? Also, from your experiences with colleagues in and out of industry, what is your take on what side of managed care to be on? Is it better to be with PhRMA or a health plan?

Thanks!
 
As a P4 who is getting ready for Midyear, do you have any advice for me to ace the interview? I attend a newer school on the West Coast and because of that, I have not had any industry rotations. However, managed care has piqued my interest for a long time, and I was able to do two PBM rotations. Are there any articles relating to industry you recommend to hold a stimulating conversation with my interviewer?
Well, managed care is a major player in healthcare market, and has a significant effect on pharmaceutical industry. You can talk up what you learned at PBMs and how you could apply it to your position as a fellow.

I would suggest poking around PhRMA website, GPhA, Wall Street Journal health section, googling some pharma-themed blogs to understand what issues pharmaceutical industry is facing now. A good candidate should show that he knows that he is getting into, and be able to support an intelligent conversation.

General interview advice all applies - about being relaxed, sincere and confident. Make sure you listen to the question closely. Think of interview questions same way as you would about a question on drug information rotation - are they asking what they are literally asking, or are they trying to dig at something deeper, do they really need/want to know something else?

I am particulate interested in managed markets because I am very knowledgeable about the challenges facing managed care. Do you see managed markets being a "hot" field? Also, from your experiences with colleagues in and out of industry, what is your take on what side of managed care to be on? Is it better to be with PhRMA or a health plan?
I think it is certainly an important field that is not going away any time soon.

I have done a PBM rotation myself, and I enjoyed it a lot. However, I think that there are fewer interesting jobs (how I define interesting) in managed care than there are in pharma. A lot of pharmacists in managed care are just spending their time dealing with DURs and such. If you can get yourself into position where you are actually designing drug benefit plans - that's interesting, but I don't know how many such positions there are. One per plan is probably enough... If you are not sure about it, I would suggest speaking to both industry and managed care residencies (I am not sure whether there will be many, or any at all at ASHP - they are typically affiliated with the AMCP).
 
Hi, first I just wanted to say thank you so much for all your insight! As a current P4 in pharmacy school who will be attending MidYear, I'm sure this information will be very useful.

I had a question regarding Regulatory Affairs fellowships. I am very interested in pursuing this however I have no experience in this field. I structured all my rotations around medical affairs because that is what I initially thought I would be interested in. Do you think this is a true disadvantage? And if so, is there anything else I can do to make myself more competitive so I can get one of the regulatory affairs fellowship positions? Thank you for your time!
 
I had a question regarding Regulatory Affairs fellowships. I am very interested in pursuing this however I have no experience in this field. I structured all my rotations around medical affairs because that is what I initially thought I would be interested in. Do you think this is a true disadvantage? And if so, is there anything else I can do to make myself more competitive so I can get one of the regulatory affairs fellowship positions? Thank you for your time!
Well, because you are in New Jersey, you are spoiled by the variety of opportunities many students in other parts of the country lack entirely (such as choice of industry rotations, most schools don't offer any at all). However, it can be held against you (because your interviewers know how many opportunities you could have taken - and did not).

Generally, direct experience within a particular area you want to apply for is not necessary, though. What is important is your ability to articulate why you are seeking that particular fellowship. How much you know about it, how committed you are to this particular area, in your case, regulatory affairs. As long as you can convince interviewers that your interest in reg affairs is legitimate, and not because you found med affairs boring and know nothing about other areas - you should be in good shape. Assuming you are otherwise a good candidate and interview well, of course.
 
Thank you so much for your help. I just have 1 other question, in your opinion, what is a good number of positions to interview with at midyear without feeling overwhelmed?
 
Thank you so much for your help. I just have 1 other question, in your opinion, what is a good number of positions to interview with at midyear without feeling overwhelmed?

Each person is different. And it depends on how much time you have there (if you are coming for just one day, it's a different game than if you are coming for three days).

I would say that more than 12 per day is a clear overkill. I have done that (and more) on both sides of the table, and I can tell you that by the end of the day I wouldn't remember who is who and what is what. 6-8 per day should be doable, if you space them out. Try to have 30 minutes in between interviews to jot some notes on the previous one and organize your thoughts for the next one.

Overall, I would talk to 5-10 positions you are interested in (there are a lot more fellowships available in some areas than others, though, and I personally prefer to talk to anything that sounds interesting - you never know what might spring up), and keep in mind that many positions will have more than one round of interviews.

Another Midyear tip - be nice to everyone in the hallways and lunch lines. You never know if the person next to you will turn out to be your interviewer for your dream position. ;)
 
*cross-posted from the Official CV Review thread in the Residency and Fellowship subforum*

Let me preface by saying that the APhA’s guide to pharmacist CVs, resumes and interviewing (can be purchased from APhA, or borrowed from your college of pharmacy) is a good starting point for writing your first CV.

A good time to write a CV would be at the start of your rotations. Then you can update it after each rotation while the information is still fresh. It should also give you an ample time to edit it and get it reviewed before you actually need to use it. Some of you may have written a CV or a resume to use when seeking a rotation outside those normally offered by your school or when

What makes a CV (or a resume, for that matter) great as opposed to good? That’s a damn good question. And I am afraid I cannot answer it any better than the Supreme Court has answered the question about what is pornography. “I will know it when I see it.” :) A great CV makes a reader excited about the candidate. It showcases his/hers best experiences, skills and achievements in a very clear fashion. It should also be something the candidate him/herself feels great about, because a good CV provides a confidence boost for the interview.

General Format

  • Start with your personal information at the top
  • Objective (optional): some people include it, some don’t. I personally don’t see a great value in a newly minted student seeking a postgraduate program including an objective, since it is rather self-evident.
  • Education: since your expected PharmD is the qualification upon which your admittance into the fellowship hinges, education should be on top.
    [*]GPA: I would definitely include the GPA if it is above 3.5 and definitely not include GPA if it is below 3.0. Be consistent with including GPA for your pharmacy and undergraduate degrees – either include for both, or omit for both.
    [*]Relevant courses: if there are particular electives you have taken during your pharmacy or undergraduate career that are directly relevant to the position you are seeking, it may be an option to include them, otherwise, don’t bother.​
  • Work experience: I would go for chronological order. And I would not include positions such as waitressing you did during high school – unless you want to highlight specific (and important for the position you are applying for!) skills you gained during that time, such as customer service. Only relevant experience should be included. Internships should go here as well.
    [*]When listing your activities at work, try to highlight those most relevant to the position(s) you are applying
    [*]A good idea to put key achievements on there as well​
  • Pharmacy clerkships: should be a separate section. Including what you did during your rotations is optional and highly dependent on what rotations you did. If they were all, or nearly all run of the mill clinical and retail rotations, probably not – these experiences are fairly obvious and not directly relevant to the fellowships. If you did several industry-related rotations, including detail is advisable.
  • Include any important publications or presentations. For presentations, it may be a good idea to list when, where, and to how large an audience they were presented. Hopefully they were not all just in-class ones.
  • Organizations/ Leadership experience: very important to include any leadership positions and key achievements in those positions, preferably in quantifiable fashion (i.e. organized a fundraiser dinner attended by 500 people, raised $10,000 for the class trip). Do not include irrelevant detail such as “attended an MRM” (who cares?) or elaborate that you “attended all regular meetings of the school’s APhA chapter”, just list “APhA-ASP member (dates)” and leave it at that, if you have nothing to highlight about it.
  • Volunteer experience: generally a good idea to include, especially if it is healthcare-related or allowed you to develop a particular skill, such as project management, teaching, etc.
  • Awards and scholarships: now, in this section it is OK to list every single one of them, no matter how small
  • Other skills: include other things that may sway things in your favor, such as fluency in a foreign language, or knowledge of computer programming or database administration, etc. Microsoft Office package skills are assumed to be there, no need to list unless you are an absolute wizard in a particular program and everyone always comes to you for things no one else knows.
  • Leave plenty of white space – it improves readability
  • Put your name as a header or footer on all but the title page of your CV – the pages tend to separate, unfortunately.

5 CV tips for pharmaceutical industry fellowship seekers
  1. Longer is not necessarily better. I can understand the desire to “beef CV up” by putting every little detail on it. I have done it myself, when I was writing my very first CV as a P2. However, having read a lot of them, and having heard many a snigger “look at it, not even out of school yet, and already an 8 page CV!”, I am much more in favor of highlighting the important information and not overloading it with irrelevant detail. Your interviewers will only have a couple minutes to scan your CV, if you boggle them down with a separate bullet point for everything you have done in retail pharmacy or every pharmacy organization meeting you have attended, the readers will never get to the really important project you did that you really want to talk about. Especially for commercial positions, where people are used to reading short and sweet resumes, length and irrelevant detail are a detriment.
  2. There is no “one format fits all”. Every student’s pharmacy school experience will be different. For some, it will make sense to have a separate section for presentations, for others, it will be better to list presentations with their corresponding rotations. For some, it will make sense to provide several bullet points of activities for every rotation, for others, just listing rotations will be best. Some students may have relevant work experience from before pharmacy school they may want to highlight. Think about what experiences are the most relevant and important to the positions you are seeking and let that be your guide.
  3. Target your CV to the position(s) you are seeking. Think of what in your past experiences you would really like to discuss in the face-to-face interview, the ones you think will greatly improve your chances of getting the position or make you stand out from the crowd of other applicants. Then make sure you include that on your CV to intrigue the interviewer and make them ask you about it. Which, of course, means they will have to invite you for the interview first.
  4. Be prepared to provide a great amount of detail about any position or project you put on your CV. Basically, if you have nothing to say about it other than “My preceptor asked me to do this little piece and I did it and have no idea what happened with it later” it may not be a good idea to have it feature prominently in your CV. On a non-CV related note, have copies of the projects/presentations you do have highlighted in your CV and really want to discuss during interview.
  5. Do not list your references on the CV. Type up the names, positions and contact information for your references and bring several copies with you just in case, though I honestly don’t remember ever being asked (or asking) about references in the fellowship interviews (job applications are a different deal).

More CV-writing tips can be found in the Official CV Review Thread.
 
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Hi. First of all, THANK YOU!!!! you have no idea how helpful youve been with this thread. i am hoping to switch pharmacy fields soon, i graduate in 2010 and have been working in retail for 1 year, but ive always had interest in working for a pharmaceutical company. at this moment i am looking at a couple of fellowships to apply for. one of them is a medical affairs fellowship by USC. im not sure if you spoke about medical affairs, but i would like to get an in-depth explanation regarding that field. I read what USC site had about it, and did some google search, but i was hoping you may be able to tell me more about it. like i said, ive been interested joining the pharmaceutical industry, but im not sure what fellowship would suit me the most. i believe i have excellent communication skills. i am very interested in learning more about the business side of the pharmaceutical industry. i enjoy doing teamwork and also work independently. unfortunately, my GPA is below 3.0, and i havent done leadership work during pharmacy school. I am hoping my letters of recommendation and my constant research to understand the different fields in the industry would help show how serious i am about this. any advice would be appreciated. and sorry for such a long message :)
 
Hi. First of all, THANK YOU!!!! you have no idea how helpful youve been with this thread. i am hoping to switch pharmacy fields soon, i graduate in 2010 and have been working in retail for 1 year, but ive always had interest in working for a pharmaceutical company. at this moment i am looking at a couple of fellowships to apply for. one of them is a medical affairs fellowship by USC. im not sure if you spoke about medical affairs, but i would like to get an in-depth explanation regarding that field. I read what USC site had about it, and did some google search, but i was hoping you may be able to tell me more about it. like i said, ive been interested joining the pharmaceutical industry, but im not sure what fellowship would suit me the most. i believe i have excellent communication skills. i am very interested in learning more about the business side of the pharmaceutical industry. i enjoy doing teamwork and also work independently. unfortunately, my GPA is below 3.0, and i havent done leadership work during pharmacy school. I am hoping my letters of recommendation and my constant research to understand the different fields in the industry would help show how serious i am about this. any advice would be appreciated. and sorry for such a long message :)
If you have a low GPA and no leadership work, I am afraid you are going to have a very tough time trying to get a fellowship, simply because there are a lot of stellar candidates. There are more applicants than there used to be, and the applicants are higher caliber.

Also, your post does not quite support your claim of "excellent communication skills" (which implies both oral and written communication skills).

I am not too familiar with medical affairs, so I would suggest looking at the brochures of the different fellowships out there, they will be able to provide at least as much information as I.
 
Thanks.That brings up another question. What can a person, in a weak position such as mine, do to boost their image and increase their chance of working for a pharmaceutical company or doing a fellowship? should I Take a retail manager position and excel at it for few years? Find a clinical position and improve my clinical skills? or would getting into a masters program, where I can do some leadership work and obtain an excellent GPA, be more helpful? What would be most appealing?

Happy thanks giving to you and your family
 
Thanks.That brings up another question. What can a person, in a weak position such as mine, do to boost their image and increase their chance of working for a pharmaceutical company or doing a fellowship? should I Take a retail manager position and excel at it for few years? Find a clinical position and improve my clinical skills? or would getting into a masters program, where I can do some leadership work and obtain an excellent GPA, be more helpful? What would be most appealing?

Well, the problem is, if you have been out of school for more than a year, you are really not a competitive candidate for a fellowship, which is meant to be an entry into industry for the new graduates. It is really not something designed for those who have been out there for a while, experienced professionals are expected to compete for "real" jobs.

If you are really interested in a career in industry, you should decide which type of work you would most enjoy - medical information? marketing? MSL? managed care liaison? research? something else entirely? - and then work towards that goal. Paths will obviously be different depending on what it is you want to do.
 
Hi,

I'm currently a third year pharmacy student considering both residency and fellowship opportunities after rotations next year. We all know that the amount of students (and pharmacists) applying for both are increasing every year. I have heard of many instances where students successfully re-apply for residencies a year or two later after failing to match or qualify for the program they wanted the first time.
What are the fellowship programs' general perspectives on applicants who come back again? How forgiving is the process (for residencies too if you happen to know)? In case either one doesn't go well, will I need different letters of recommendation the second time around as well?
 
What are the fellowship programs' general perspectives on applicants who come back again? How forgiving is the process (for residencies too if you happen to know)? In case either one doesn't go well, will I need different letters of recommendation the second time around as well?

Well, if you are reapplying in your first year out of school, I think it will not be really held against you. However, I can't say the changes will be that much better, since there is a fresh crop of bright, dedicated candidates. It may just get tougher...

And if it has been more than one year... I personally don't think it is worth applying anymore. I don't know anyone who got into an industry fellowship after being out for a while, unlike residencies. Fellowships are meant to be a point of entry into the industry for the new graduates, not for experienced professionals. Experience almost becomes a double-edged disadvantage. If you get industry-related experience, you will be overqualified and will be advised to seek a "real job" in your desired area. If you work in retail or hospital, you will be not competitive compared to the best of the new graduates.

I think the reasons behind the fact that residencies don't hold working for a few years against candidates as much as the fellowships do are as follows:
- PGY-1 residencies are largely the same and it's almost entirely based on the personality fit, while fellowships tend to focus on a specific area and seek to match a candidate with specific interests and experiences to the specific positions, so it's not just personality
- residencies are a traditional career path, a natural extension of a pharmacist's education, in a way, and any pharmacy-related work will probably help rather than harm. ON the other hand, a fellowship is a non-traditional path seeking candidates with specific interests and sometimes specific experiences, which will not be developed or gained in a traditional pharmacy practice settings, such as retail or hospital.

As far as letters of recommendation... I have honestly never thought of this before. I don't see why you can't ask the same people write you letters, though the current boss, assuming you have been employed after graduating pharmacy school, should probably replace one of them. LORs are generally more of a fudge factor, rather than a major deciding factor. Though I would hope if you reapply to the same exact programs where you were invited for on-site interviews before, you would submit LORs that are different in more ways than just date at the top. After all, the same people will be reading them and may refer to the previous year's application materials. At least, I would - to see what changed about you in the meantime.
 
Has anyone heard back from any of the Rutgers programs after interviewing at Midyear?
 
Has anyone heard back from any of the Rutgers programs after interviewing at Midyear?
I don't think this thread is an appropriate place to ask this question (or discuss Rutgers program specifically, anyway). Create a specific thread, call it something like Rutgers Fellowships 2012, in the Fellowship subforum, and you will be far more likely to get a response.

In my experience, all fellowship programs want to get candidates in, out, and with offers signed and returned, before the cut off for the residency Match in late February. Therefore, interviews usually take place in early January. They may be getting scheduled now in order to occur first thing in January, I suppose.

Also, any prospective candidate should makes sure they submitted all the required materials.
 
Are there any opportunities in this field to travel/work abroad?
 
Are there any opportunities in this field to travel/work abroad?
Certainly. Work abroad is not an opportunity offered to everybody, just to those who are "rising stars" (expats are expensive!). Though you can certainly look for positions abroad with other companies, just like you would for positions in the US - though it would be difficult as well, those are usually options for people fairly high up and/or with specific experience sought. Travel abroad is quite common, depending on which position you end up in and which company.
 
I'm interested in becoming a Medical Information Officer. Could you please provide me with more information on the job such as the pros/cons. I understand they review literature and draft reports/literature about the company's drug products and competitors' products. They also provide info to the sales reps and customers. Anything else I should know? Thanks!
 
I'm interested in becoming a Medical Information Officer. Could you please provide me with more information on the job such as the pros/cons. I understand they review literature and draft reports/literature about the company's drug products and competitors' products. They also provide info to the sales reps and customers. Anything else I should know? Thanks!
Well, pros and cons are specific to each person, so mine would be entirely different from yours and therefore useless to you. :)

The major duties, as far as I know (having never worked in Med Info personally), include:
- write responses to questions, both internal and external
- review all the published literature relevant to their company/department
- participate in the review of all promotional materials used by the company
- prepare the product dossier for both US and overseas use (regulatory submissions, databank submissions)
- collaborate with medical literature publishers on their review of your company's drugs

Depending on the size and structure of the company, the following may be done by medical information or by other, more specialized people within medical affairs:
- manage the company's medical literature library
- participate in writing manuscripts and posters for the company's studies
- review grant requests
- assist with clinical trial protocol creation
- collaborate with the field medical personnel, such help them create their presentations
- attend major medical conferences and man medical information booth there
- collaborate with the health outcomes research group

I personally never found it terribly interesting, but I know a lot of people who really enjoy their career in medical information, many of them are pharmacists. In fact, most people I know in med info are pharmacists.
 
Thanks for your input. What's the best way to become one? Residency? Fellowship?
 
i would like to knw about the growth profile of pharmacovigilance and formulation and development... which one is having good salary and growth? plz advice me
 
Thanks for your input. What's the best way to become one? Residency? Fellowship?
Fellowship would be the most certain route, if you can get one. Drug information residency will probably be helpful too. And you might still be able to find a position straight out of pharmacy school, if you are really lucky, but it's rather unusual nowadays. Not like it used to be.
 
i would like to knw about the growth profile of pharmacovigilance and formulation and development... which one is having good salary and growth? plz advice me
Learning to spell would be the best advice I could give you at this point. :smuggrin:

Pharmacovigilance is growing in importance due to FDA's regulations, but formulation and development is on track to be outsourced - be it overseas or to other organizations within US. Besides, the latter is not exactly where pharmacists usually work.
 
Thank you for this wonderful thread. It has been extremely helpful :thumbup:
 
What do you suggest for a incoming U2 student in a 6 year program? I like the sound of several aspects of industry such as regulatory affairs or clinical trials but I don't know what to do. I'm volunteering at a hospital pharmacy right now but that has no relation to industry. I'm not sure what to do. Is it easier to find work at a pharm company once I have an intern license?
 
Interesting. I know that non-PharmDs in regulatory don't get paid very well, but I have a hard time imagining a PharmD taking a job with half the market rate for PharmDs. Or imagining someone making an offer like that, since I believe that pharmacists' typical pay is fairly well known in the pharmaceutical industry. I would deny a PharmD candidate if I didn't have a budget for at least $90K rather than make them an offer of $60K. Too many bureaucratic (internal paperwork) hoops to jump through to make an offer only to see it declined due to low salary... Not to mention I would simply not hire a PharmD with no industry experience for anything other than drug information or certain positions in drug safety. Definitely not for regulatory... All the pharmacists I know in regulatory have either done a two-year specific regulatory affairs fellowship or worked in something like medical affairs for 5+ years and then switched within the company. And those switches all happened some 10 years ago, when pharmaceutical industry was growing and desperate for people, which today it is not. The companies who are desperate for people are all desperate for very experienced candidates, not those with potential which has to be developed.

Interesting. What is the salary like for a PharmD with 5+ years in regulatory (as a Senior Associate, Manager, Director)? Also what is the difference between regulatory specialist and associate? Is it just a title/labeling difference between companies?

I also heard of some RA professionals with a Regulatory Affairs Certification? Is that something RA profs need?
 
What do you suggest for a incoming U2 student in a 6 year program? I like the sound of several aspects of industry such as regulatory affairs or clinical trials but I don't know what to do. I'm volunteering at a hospital pharmacy right now but that has no relation to industry. I'm not sure what to do. Is it easier to find work at a pharm company once I have an intern license?
Intern license has nothing to do with work in pharma - license is required for direct patient care activities, something that absolute majority of positions in pharma do not involve. Your best option would be to obtain an internship at a pharmaceutical company the summer after your P2 year. This may be easier if you are on the East Coast versus in the middle of the country. At the very least, you need to speak to people who work in positions you are interested in, so by the fall of your P4 year you have a pretty clear idea of whether you want to be in industry, and if yes, what department.
 
Interesting. What is the salary like for a PharmD with 5+ years in regulatory (as a Senior Associate, Manager, Director)?
Again, there is too much variety... but just as my best guess, I would expect a PharmD with 5 years of experience to be a Manager or Sr. Manager and have salary somewhere in the $110-140K range plus bonus.

Also what is the difference between regulatory specialist and associate? Is it just a title/labeling difference between companies?
There is A LOT of difference in what titles mean between companies. And I personally never put a lot of value on the titles. That's just about the last attribute on my personal totem pole of work attributes. Job responsibilities and salary mean a lot more to me.

I also heard of some RA professionals with a Regulatory Affairs Certification? Is that something RA profs need?
Sorry, I am not familiar with certifications that may or may not be common in regulatory. I know there is even a master's degree in regulatory affairs, but I have never met anyone who got it. Most people I know in regulatory just have been doing it for a while... and for the rest, I simply don't know their work history.
 
What can a 1st year pharmacy student do to prepare for a possible future in industry? I'm in Los Angeles so there is Allergan, Amgen, and Baxter nearby....and probably smaller companies I am unaware of.

I'm in a pickle because I am not 100% sure I want to go into industry but I do want to explore the option. All the hospital internships around here hire 1st years and you have to promise to work for them all summers and breaks for the next 3 years because they're structured internships with projects, rotations to different departments, etc. I am also considering clinical but not sure which is why I brought this up. Retail *seems* like it would be fun for a few months (just the initial excitement of having people walk up to your counter and talk to them) but I can imagine myself getting bored with it after a while. I like industry because I'm project-oriented and I like the business aspect of it plus being involved with new drugs sounds exciting. I think I'm realizing that pharmacy is very task-oriented...you do same tasks everyday....but I'm more creative and want to have more flexibility and input in my work. Should I just focus on industry and look for industry summer internships? The thing is I need a certain amount of intern hours for the boards and it has to be in a pharmacy setting.

Also, my school has a joint PharmD/MS in Reg Sci...is this useful? You finish in same amount of time, you just take some classes during one or two summers and the program hooks you up with an internship (albeit unpaid b/c it counts for units) one summer. Is this worth an additional 30K? Thing is I am not that interested in reg sci...more interested in the more "clinical" roles pharmacists have in industry. But it seems like a lot of PharmD students at my school sign up for this degree with no intention of going into reg sci, it's just kind of an intro into industry, and a lot of industry professionals are in the program so it's great networking.

P.S. Sorry one last thought, would it be helpful to volunteer in research lab and get research experience? Specifically with a PharmD professor who does clinical pharmacology studies?

Thanks for your input :D
 
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