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 2002 budget proposes nearly $2.8 billion in new funding for medical research, the largest single-year increase ever requested for NIH.1

"The employment market in the life sciences is in really good shape overall right now," says Ian King, marketing manager for, 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."

The State of the Job Market

Recruiters nationwide report...

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