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Old 24.01.2018, 01:23
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Salary for health economics/market access consultant - pharmacist with a PhD

Hi all,

I have researched and done my homework but still can't find a narrow range for salaries in the career I like (health economics/market access) and corresponding to my studies.

I aim to start my career (i.e. no concrete professional experience yet) as a health economics/market access management consultant and my qualifications are: bachelor in pharmacy, master's in health economics, and a PhD to be finished soon.

Would you provide me with a narrow salary range for an entry level position in this field at a consultancy and/or a pharma company?

Please consider my background, I see some salaries starting at 6000/month but for people from far less relevant backgrounds and I think that my qualifications are the exact fit for these roles which compensates for the lack of experience and probably makes the 6000 an irrelevant number.

Any hint would help.
Thank you in advance!
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Old 24.01.2018, 11:22
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

Surprised that someone with zero experience is looking to go in as a consultant - interesting approach, good luck with that.
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Old 24.01.2018, 11:25
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Surprised that someone with zero experience is looking to go in as a consultant - interesting approach, good luck with that.
Thanks for adding nothing to the sum of the world's knowledge.

Who said that I have zero experience? I said no experience in this field .... sigh!
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Old 24.01.2018, 11:27
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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I aim to start my career (i.e. no concrete professional experience yet)
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Who said that I have zero experience? I said no experience in this field .... sigh!
well, you....
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Old 24.01.2018, 11:29
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well, you....
I said "no experience in this field", not in general....

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What was then wrong with Carlos´ post?

Try glassdoor.
Nothing wrong but I did not ask for him to be surprised, I asked for numbers.

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I would say 6000 is fairly high for no experience in the field.
For a lot of entry level consulting jobs, the background is fairly irrelevant, it's the personality--and how that personality allows for growth and success in their field.
I've seen people with basic bachelors jump into 12000 positions on graduation, I've seen very abled, smart 'PhDs' with experience jump into 3000 positions.
Thanks for the informative reply. Yet, I think not all consultants are the same. If you are already a pharmacist, this is a job with a minimum salary of around 7000. More relevant qualifications = less time for training and established understanding of the topic.

Last edited by 3Wishes; 24.01.2018 at 20:36. Reason: Merging consecutive replies; please use multi-quote (button to the right of quote)
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Old 24.01.2018, 11:28
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Who said that I have zero experience? I said no experience in this field .... sigh!
What was then wrong with Carlos´ post?

Try glassdoor.
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Old 24.01.2018, 11:33
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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I said "no experience in this field", not in general....
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Nothing wrong but I did not ask for him to be surprised, I asked for numbers.
Your reaction tells me you don't have much experience beyond work either...

Someone in this field should know that while numbers matter, there's a lot of non-numerical elements that need to be considered in HE, i.e. it's not just about numbers.

You have zero work experience by your own admission. If you couldn't work out what I meant, I worry even more about your approach. You need to toughen up if you want to be a good consultant. Academic experience would put you at entry level for an analyst position in a big company or consulting agency.
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Old 24.01.2018, 11:37
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Your reaction tells me you don't have much experience beyond work either...

Someone in this field should know that while numbers matter, there's a lot of non-numerical elements that need to be considered in HE, i.e. it's not just about numbers.
I think you will enjoy listening to this song:
https://www.youtube.com/watch?v=o1eHKf-dMwo

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Old 24.01.2018, 16:17
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Your reaction tells me you don't have much experience beyond work either...

Someone in this field should know that while numbers matter, there's a lot of non-numerical elements that need to be considered in HE, i.e. it's not just about numbers.

You have zero work experience by your own admission. If you couldn't work out what I meant, I worry even more about your approach. You need to toughen up if you want to be a good consultant. Academic experience would put you at entry level for an analyst position in a big company or consulting agency.
Bullsheet. For consulting companies take undergraduates as analysts but PhDs come in at associate level.
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Old 24.01.2018, 11:29
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

I would say 6000 is fairly high for no experience in the field.
For a lot of entry level consulting jobs, the background is fairly irrelevant, it's the personality--and how that personality allows for growth and success in their field.
I've seen people with basic bachelors jump into 12000 positions on graduation, I've seen very abled, smart 'PhDs' with experience jump into 3000 positions.
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Old 24.01.2018, 20:12
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Thanks for the informative reply. Yet, I think not all consultants are the same. If you are already a pharmacist, this is a job with a minimum salary of around 7000. More relevant qualifications = less time for training and established understanding of the topic.
I think the salaries for Market Access and Regulatory/Safety/Clinical are all roughly the same and for entry positions we pay circa 70-80k (With PhDs/Post docs etc.). Competition is pretty fierce which is great for us as we have the pick of the crop but if I can offer one word of advice, that is ditch the attitude. We've turned down people with national awards and Nature publications because we figured they would be a PITA in terms of expectations. As a recruiter I want to see motivation, enthusiasm and humility from a recent postgrad because those are qualities I can work with.

Once you're in and you've proven yourself then swagger all you want.
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Old 24.01.2018, 20:18
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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I think the salaries for Market Access and Regulatory/Safety/Clinical are all roughly the same and for entry positions we pay circa 70-80k (With PhDs/Post docs etc.). Competition is pretty fierce which is great for us as we have the pick of the crop but if I can offer one word of advice, that is ditch the attitude. We've turned down people with national awards and Nature publications because we figured they would be a PITA in terms of expectations. As a recruiter I want to see motivation, enthusiasm and humility from a recent postgrad because those are qualities I can work with.

Once you're in and you've proven yourself then swagger all you want.
Thanks Castro .... almost the first useful reply in the thread
Any idea then about the salary progression?
It is not my attitude to be proud for nothing .... having national awards or Nature publications doesn't mean the person can do the market access consultancy work if these are in a very different field, yet Pharmacy and Health Economics studies mean a lot which translates to less training and faster jump into the real work!
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Old 24.01.2018, 20:29
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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I think the salaries for Market Access and Regulatory/Safety/Clinical are all roughly the same and for entry positions we pay circa 70-80k (With PhDs/Post docs etc.). Competition is pretty fierce which is great for us as we have the pick of the crop but if I can offer one word of advice, that is ditch the attitude. We've turned down people with national awards and Nature publications because we figured they would be a PITA in terms of expectations. As a recruiter I want to see motivation, enthusiasm and humility from a recent postgrad because those are qualities I can work with.

Once you're in and you've proven yourself then swagger all you want.
So why would people with a PhD in pharma go for 80k in consulting, it they can get 100k+ in pharma?
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Old 24.01.2018, 16:13
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Surprised that someone with zero experience is looking to go in as a consultant - interesting approach, good luck with that.
You have no clue about you are talking about.
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Old 29.01.2018, 09:08
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Blame yourself only if you can't comprehend well or your eyes have got a problem ...
Brilliant attitude. Hope that works well for you in the long term.

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I don't know how you quote me with something I haven't said (that "moany moan ....")
I was paraphrasing... take your pick:
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Thanks for adding nothing to the sum of the world's knowledge.

Who said that I have zero experience? I said no experience in this field .... sigh!
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Guys, I'm aware of your boredom while you're trying to pass the remaining minutes of your work day feeling sorry for being underpaid

Yet, please keep the thread clean for useful replies and go have a stroll or take a chill pill and work on your resumes
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you might have been innocent in the thread but I was disappointed that even people who are labelled "forum legend" are spamming the thread with no useful answer .....
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Thanks guys for filling the thread with uninformed replies!
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This thread got 950 views so far, among all the people, a few chose to waist their and the others' time, and post irrelevant stuff to a very narrow question

I guess I now realise the necessity of head transplantation
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Look at how they started with exclaiming for wanting to be a consultant with no experience ... even though I was talking about the career, not the title, regardless of the starting title, associate or whatever
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Guys .... seriously .... take the labels off yourselves .... working as a consultant does not mean you are a life consultant .... being successful in your way, doesn't mean it is the only way
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I pity you guys for not being able to use your time well
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Thanks to the party poopers squad
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but actually I was just made a job offer ..... Enjoy flushing your experience down the toilet ....
One day, when you mature, you might realise that the information shared here had some value - but I guess as someone who knows it all, you know the price of everything and value of nothing. That's a heavy, sad irony for someone who works in HE. Surprised you felt the need to get that PhD to be honest.

Nevertheless, congratulations. Amazing how that happened over the weekend. Good luck & hope you have a great time as an HE consultant.
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Old 29.01.2018, 12:11
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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The jealous EF bunch is out at force again. They cannot stand anyone with a good education. I don't know your area but I am pretty sure you can expect more than 6000 CHF with your background.
6000CHF a month? so 78,000 a year?

with no relevant experience? for an entry level position?
Good luck.

Assuming the education of OP is up to scratch, and that there is low competition in his field, he would be doing well to get 5000 a month. In Zurich. less, outside the big cities.

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No. HR would tell you the salary. I'm the guy who'd say yes or no based on qualifications, experience, interview outcome and job spec... As I said, you might want to rethink your strategy to go straight into consulting.

The consultants that I have worked with in this field have BOTH academic qualifications (usually Profs) as well as years of working for Government Health Authorities on the one side, or own their own HE companies (often spin-offs from universities), with people like you doing the heavy lifting, modelling and calculations and publications.

However, it's your call and career. If you feel you can compete, then great and good luck.
Indeed.

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Thanks man, I already have a lot of positive replies from interested companies ..... again, my question was about a salary not if I would succeed
A company will always give a positive reply, until they get to the bit about paying.

You should learn that quickly, if you are to be a consultant.

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Bullsheet. For consulting companies take undergraduates as analysts but PhDs come in at associate level.
By undergraduates, i assume you mean Bachelors Degree holders. They can come in as analysts, but usually for a far lower salary (think 4500 a month) and only then if the degree was in the relevant subject. In OPs case, it looks like a change of career ('with no relevant experience') so he doesn't have the 'right' academic qualification.

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Guys .... seriously .... take the labels off yourselves .... working as a consultant does not mean you are a life consultant .... being successful in your way, doesn't mean it is the only way
No, but in your case, being successful as a consultant is dependant on your skills and experience. You have, by your own admission, no experience in this field. Expecting a reasonably high salary is wishful thinking, and if you dont want to be disappointed, banish the thoughts of 10k a month now.

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I am asking for facts (numbers), not opinions
Ok, here you go.

Fact: You have Zero relevant Experience.
Fact: You have an abrasive personality.
Fact: you will have lots of competition.
Fact: You have no successful case histories.
Fact: You have no established 'brand'.
Fact: Your competition is much better established, skilled, and experienced than you.
Fact: You have very little understanding of how lucrative (or not) your own field is.
Fact: Big Pharma is one of the most sought after customers for consultancies.
Fact: Big pharma know this and select only the best companies with the most 'clout'. This will not be you.
Fact: Your qualifications are not really qualifications. the world of academia is very, very different to the corporate world.
Fact: having a PhD is nothing special. it is the bare minimum you need to get on the ladder at all.
Fact: You are barely qualified, sorely lacking in experience, and will not have the ability to command a good salary.

Advice: Forget 6,000 a month. a Salary of that type requires, at the least, 4-5 years of successful, relevant experience with a reputable company.

Advice: aim for 4500 a month, and consider yourself lucky if you get something.

Source: I hire consultants regularly. I would not offer you more then 4,000 a month, and that's for a 40 hour week.
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Old 29.01.2018, 12:15
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

Do you know that the salary of a PhD student is already 4500 a month?
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Old 29.01.2018, 12:17
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

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Do you know that the salary of a PhD student is already 4500 a month?
Now you're getting it. Welcome to the corporate world.

Why should i pay you more when you have less to offer me then you did your university?
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Old 29.01.2018, 12:19
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Re: Salary for health economics/market access consultant - pharmacist with a PhD

a PhD student is different from a PhD holder ..... Why do you get educated then?
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