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Article: Career & salary survey: down in the count: the brutal economic landscape is taking its toll on industry paychecks--for the first time in years, MM&M's exclusive research shows a decrease in average salary. Ben Comer looks at the data on pay, job satisfaction and migration.(CAREER ISSUE: 2008)(Company overview)
- Article from:
- Medical Marketing & Media
- Article date:
- September 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Haymarket Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The difficulties marketers face within the pharmaceutical industry--regulatory hurdles, increased public scrutiny generic competition and ailing pipelines--have become so pervasive that they are almost considered the status quo. What has changed this year, and not without consequence, is the macroeconomic climate in the US. For the first time in recent history, MM&M's Career & Salary Survey 2008 found that salaries across the industry decreased--by 3.7%--from $133,700 in 2007, to $128,800 this year (Fig. 1).
Economic belt-tightening in 2008 has lead to interesting developments in the career choices of marketers--and the way they're recruited. "The companies I'm ...