Job Searching in a Still-Hot Market

Despite an overall slowdown in the economy, pharmaceutical and biotechnology companies are optimistic about the future and are investing heavily in research, particularly in the exploding fields of genomics, proteomics, and nanotechnology. Jobs in academia and government seem to be holding strong as well. Universities are investing in the sciences like never before and in government, the National Institutes of Health is poised to receive a record increase in funding. President George W. Bush's 2

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"The employment market in the life sciences is in really good shape overall right now," says Ian King, marketing manager for Biospace.com, a Web-based provider of life sciences-related information and services. "I don't see the need for scientists and researchers diminishing any time soon."

As a way to attract scientists early in their careers, many companies are offering education benefits. In the near future, "it will be a great time for master's level candidates to obtain research jobs and continue their education working toward Ph.D.s while earning an income and also getting significant educational assistance from their employer," explains Del Walker, president of Bio-jobs.com, a biotechnology career website. The trend is still in its infancy, notes Walker, but soon companies will have no choice but to begin hiring candidates with master's degrees for positions that only a few years ago were reserved for Ph.D. candidates.

Such efforts are paying off, ...

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