Biotech Salary Analysis 2018 – City Wise Biotech Jobs & Salary
When we choose a course, it is a general behavior to think about its future career aspects including the salary. For all we know, Biotechnology is a rising career in India. A fraction of biotechnologists have landed up getting a high salaried job in companies like ITC, Hindustan Unilever, Dr. Reddy’s and also in various Govt research labs. You can get one too. Before that, you need to Keep reading ahead and know about the Biotech salary statistics in India & Abroad.
As per latest statistics by Govt of India, Biotech sector is currently growing at 20% growth rate and is expected to touch USD 100 billion by 2025 – thanks to various multi-national companies and research institutes who have consistently given great career opportunities to qualified individuals.
The salary for biotechnologists in India largely depends on knowledge, skills, and experience. At present, there are 12 leading companies with the highest employment rate and salary grade in India. The average annual salary by the leading biotech companies ranges from Rs.2,29,238 to Rs.8,28,746 per year. The numbers are projected to double in the future as the demand for biotech graduates increases.
In this article, we have gathered some important data about the average salary range by different biotech companies and industries. We’ve also listed leading biotech positions and their corresponding salary grade.
Disclaimer: This article does not intend to alter the current salary range imposed by different biotech companies in India. Please note that all salary figures are approximations based on various online data. The minimum wage may differ by jurisdiction and will constantly change over time. It best that you consult the employer of a certain company or industry for the actual salary figures before getting hired.
Salary Range by Company
Here you will see a rough summary of the leading companies in India that offers biotech career opportunities for both B.Tech and MSc in Biotech, and their corresponding salary range.
|Company Name||Industry||Salary Range|
|Genentech, Inc.||Pharmaceuticals||Rs.360,000 – 800,000|
|Thermo Fisher Scientific||Biotechnology||Rs.300,000 – 860,000|
|Merck & Co||Pharmaceuticals||Rs.360,000 – 900,000|
|Novartis||Pharmaceuticals||Rs.360,000 – 900,000|
|Pfizer||Pharmaceuticals||Rs.400,000 – 850,000|
|Bharat Biotech International||Pharmaceuticals||Rs.300,000 – 600,000|
|Biocon||Biotechnology||Rs.260,000 – 696,000|
|ITC||Multi- Dimensional||Rs.280,000 – 540,000|
|Serum Institute of India||Pharmaceuticals||Rs.360,000 – 780,000|
|Panacea Biotech Ltd.||Pharmaceuticals||Rs.300,000 – 480,000|
|Dr Reddy’s||Pharmaceuticals||Rs.280,000 – 660,000|
|Jubilant Life Sciences||Pharmaceuticals||Rs.280,000 – 560,000|
Biotech Salary by Cities
The geographical location can also affect the salary range of biotech engineers. If you want to earn higher, you also to take into consideration the city where you would want to settle for work. Below is the salary range of biotech engineers according to cities.
|Cities||Average Annual Salary|
|New Delhi, Delhi||2.9 lakh – 7 lakh|
|Bangalore, Karnataka||2.2 lakh – 11.lakh|
|Hyderabad, Andhra Pradesh||2.0 lakh – 12 lakh|
Salary Range by States
The table below will show you the salary range of biotech professionals by states.
|States||Average Annual Salary Range|
|Karnataka||2.2 lakh – 15 lakh|
|Delhi||2.9 lakhs – 7 lakhs|
|Andhra Pradesh||2.0 lakh – 12 lakh|
|Tamil Nadu||1.8 lakh – 18 lakh|
|Maharashtra||2.2 lakh – 22 lakh|
Salary Range by Industry
Generally, biotech is divided into different industries where you can exercise your expertise. Below are the leading biotech industries in India and their corresponding salary range.
|Industry||Average Annual Salary Range|
|Research & Development||1.9 lakh – 16 lakhs|
|Pharmaceuticals||1.9 lakh – 18 lakhs|
|Vaccines||2.2 lakh – 11 lakhs|
|Cardiology||2.4 lakh – 15 lakhs|
|Academics||1.6 lakh – 9 lakhs|
Salary By Biotech Positions
Biotech is in a boom state. In a broad sense, biotech involves studying different organisms, cells, and molecules. In fact, when we hear the term “biotech”, it leads us to think about working in the laboratory or doing field research.
However, the biotech industry is more than just that. It comprises different career opportunities inside and outside of the laboratory. Currently, the biotech industry is valued at $28 billion, with approximately 1, 457 companies employing more than 179, 000 people in different categories. These include research, manufacturing, sales, and development.
So here are the biotech positions in India which you might want to consider and their corresponding salary range.
Managerial positions include setting goals for the groups, creating management policies, and deciding what work needs to do to meet the company’s mission. Managerial jobs are one of the most stable jobs in the biotech industry, with employment rate expected to double from 2018 to 2021.
|Average Annual Salary Range (INR)|
Chief Executive Officer
Quality Control Manager
Vice President of Operations
Production and Manufacturing
Production and manufacturing involve understanding products and packaging. Employment in manufacturing has shown a steady growth since 1995. At present, the industry has added 185, 000 jobs which translate to a 2.3 percent increase.
|Average Annual Salary Range (INR)|
Junior Production Manager
Admin duties circle around giving assistance to the management, distributing information, taking memos, and maintaining files. Employment as administrative assistance in India has grown to at least 3 percent since the last decade. More companies are expected to hire secretaries and administrative assistant from 2018 to 2021.
|Average Annual Salary Range (INR)|
Junior Executive Assistant
India has been a target of many foreign investors with the aim to generate more jobs in biotech. There have various investments that the government and various Indian corporates put up for this sector since 1992, resulting in the flourishing number of employment in biotech industries.
Although many biotech students felt the need for more development in India’s biotech industries, major scientific breakthroughs have been happening around the city, be it intensive research done at IISc’s and IIT’s or the 1$ vaccine by Serum Institute of India.
The institute accounts for a huge number of biotech jobs for both biotech fresh graduates and experienced. At present, the government is looking forward to evolving biotech as one of the progressive industries in India.
How to Become a Biotechnologist
So now you’re interested to become a biotechnologist. Generally, candidates for biotech engineer jobs must have a postgraduate degree in Biotechnology.
There are companies that focus on experience rather than the educational background but getting a Doctoral degree will give you an edge, especially if you are aiming for high positions.
Some companies recruit fresh graduates but you can’t expect to immediately achieve a higher position. Perhaps, you can start from a low-rank position and eventually vie for a promotion.
The best thing about being a biotechnologist is the chance to be flexible. It allows you to work both inside and outside of the laboratory, or focus more on the business side of biotech. Nevertheless, every company has its own set of tests and interviews before you can get into your most desired job. The key is to maintain a good academic performance, pass the exam and interview, and show your best self in the job.
A lucrative career awaits students who have graduated with B. Tech or MSc in Biotech. You may also take up a doctoral degree in Biotech and view for higher industry positions in Biotech. So now that you know the different career opportunities in biotech and their corresponding salary, it is up to you which company or state to work. All the best!