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What happens if you search Google for Pharmaceutical Medical Director Salaries? One of the first websites you'll find is Glassdoor:
Here are some numbers from Glassdoor:
- Novartis Pharmaceuticals Senior Medical Director $223,317
- Novartis Senior Medical Director $275,530
- Merrimack Pharmaceuticals Senior Medical Director $272,324
However, take these numbers with a grain of salt because on average, only two (2) people at each company reported a salary figure. Two. That doesn't seem like enough to generate a meaningful average.
At Amgen, there were 6 reported salaries: Medical Director Amgen $222,661
That figure is similar to the average Medical Director salaries reported by UnitedHealth Group (7 reported salaries from UnitedHealth Group employees): $229,086
What about a different source such as Salary.com? Let's look at their "Medical Director Salaries
" page (which appears to include data from the Aerospace & Defense, Biotechnology, Business Services, Edu., Gov't. & Nonprofit, Energy & Utilities, Financial Services, Healthcare, Hospitality & Leisure, Insurance, Media, MFG Durable, MFG Nondurable, Pharmaceuticals, Retail & Wholesale industries):
The median annual Medical Director salary is $252,773 with a range usually between $230,915-$277,006. However, the salary for someone with the title Medical Director may vary depending on a number of factors including industry, company size, location, years of experience and level of education.
That range of $230k to $277k is reflective of 25-75% of Medical Director salaries. If you broaden the range to include 10-90% of Medical Director salaries, then you're looking at a range between $211k to $299k.
There's one final and interesting factor to consider: in the clinical world, most medical directors are either MDs or DOs. They are physicians. But, in the business world, a "Medical Director" may be a PhD, a PharmD, an NP, someone with a master's degree, etc. You don't have to be a physician to hold the "Medical Director" title in the corporate world (of course, this also depends on the industry).
Looking for a career in clinical research?
Don't miss the ACRP Virtual Career Fair - March 31, 2016
The ACRP Virtual Career Fair is an opportunity to chat with recruiters from a broad range of companies and institutions.
Find out more, and register, at:https://app.brazenconnect.com/events/ACRP033116
American Association for Physician Leadership
2016 Annual Meeting: Leadership in a Culture of Health
April 15-17, 2016 in Washington, DC
More information here
(and the Spring Institute runs April 13-15)
Even if you're not a member of the MIT alumni network, you can still get plugged into local MIT Enterprise Forum chapter meetings in your area. Some states (like California and Pennsylvania) have several chapters. There are international chapters in several countries including Greece, Lebanon, Mexico, Spain, and others.
The MIT Enterprise Forum (MITEF) is a global organization of dedicated professionals with local chapters, affiliated with the Massachusetts Institute of Technology (MIT) through MIT Technology Review.
Find the list of local MIT Enterprise Forum chapters here: www.mitef.org/chapters
If you happen to live in the greater Philadelphia / Princeton region, then mark your calendars for the
MITEF PHL, MIT Club of Princeton, NJ Tech Council, & PCCI
@ Princeton University
May 10, 2016