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Science & Pharma Jobs - Market Overview 2018

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“Ireland is now operating in the same ballpark as major science-funding countries around the world”
Professor Mark Ferguson – SFI Director

Thoughts on the Market

Ireland has a long tradition of attracting manufacturing facilities from major life sciences companies and the life sciences sector in Ireland has continued to grow strongly in the last decade. There are now over 60,000 people employed in the industry, either directly or indirectly. This trend looks set to continue into 2018 with major expansions of many of the big pharma players across the country. The IDA reports the biopharmaceutical industry has made a capital investment of approximately €8 billion in new facilities in Ireland, predominantly in the last 10 years. This represents one of the largest investments in new biotech facilities anywhere in the world. 

Out of the world’s twenty-five largest independent, public biotech and pharma companies, Ireland is home to twenty-four of them. However recent figures put the number of pharmaceutical companies operating here at approximately seventy-five.  While many of the large companies are major sources of employment here, new smaller start-up companies are also seeking out Ireland as a new home which is exciting in terms of R&D. 
The growth of the biologics and biopharma industry in Ireland reflects current global trends. According to the Irish Times, sales of biologics products look set to grow by 10% in the next eight years. Given anticipated expansion and growth of new sites here in Ireland, it is estimated that there will be almost 8,500 potential job openings arising within the biopharma industry in Ireland over the next five years.

These investments promise the life sciences sector in Ireland will continue to thrive, with strong pharmaceutical hubs based in Dublin and Cork, and rapidly developing areas in Sligo, Waterford and Mayo. The future career opportunities for the scientific workforce is looking very strong for 2018 and beyond.


Salaries

Salaries increased in the latter half of 2017. According to the CSO website, average earnings increased in 12 of the 13 sectors in the Irish economy in 2017. The second largest increase was 4.8% in the scientific and technical sector. This trend doesn’t look to change in 2018 as it will continue to be a very candidate driven market, which will drive salaries as companies compete to keep their talent and attract more. 


Top Tip for 2018

Qualified persons (QPs) are in very high demand at the moment. Pharmaceutical graduates who gain postgraduate qualifications in “QP” eligible courses satisfy the EU educational requirements concerning the ‘Qualified Person’ responsible for the manufacturing of human and veterinary medicinal products. Having these qualifications makes you very employable in the life sciences industry.





Posted by Clara Henry on 26 April 2018

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