Biotech Is on a Hiring Binge, But Lags Behind on Diversity

By Brian Gormley

It has been a roaring year for the sector, but a survey finds women and people of color are still underrepresented at the top

Employment and pay in biotechnology are swelling, driven by rocketing investment in a sector suddenly flashy for developing drugs and vaccines not only against Covid-19, but a number of other diseases.

Scientists are being hired at a faster clip at these emerging drugmakers and seeing their compensation rise more quickly than those in other technology sectors, according to Emsi Burning Glass, a job-market analytics firm with headquarters in Boston and Moscow, Idaho.

But even as biotech expands, it has yet to bring women and people of color into top leadership roles in greater numbers, industry data show.

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By Ariel Ackermann
Ariel Ackermann Prehealth & Career Advisor Ariel Ackermann