Biotech Companies Provide High Median Salaries, Analysis Shows

For young people looking to find a career path, the pharmaceutical industry is a good one to go into, especially if salary is a major concern. A recent analysis from the Wall Street Journal highlighted some of the best-paying jobs in the biotech industry. At the top of the list of companies offering impressive compensation packages is New Jersey-based Celgene. According to the analysis, Celgene had the highest-paid median employee in the sector with annual compensation of $263,237. Celgene, which makes the blockbuster cancer drug Revlimid, was acquired earlier this year by Bristol-Myers Squibb for $74 billion. According to PayScale, the average salary at BMS is $102,000. The Journal’s analysis ranks Boston-based Vertex as the number two company for best median compensation. Vertex, which dominates the cystic fibrosis market, provides a median salary of $232,178.