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Biotechnology Professional Outlook*

Life sciences, technology, manufacturing—they’re all part of biotechnology. With new discoveries being made every day, there are lots of opportunities to be a part of the action. To succeed and grow in the 21st century economy, biotechnology employers need to fill each position in their companies, from entry-level to the most advanced, with qualified, skilled individuals. Rapid growth in the industry is forcing biotechnology firms to demand more skilled workers than are available, and these firms are projected to need more workers than are currently enrolled in training programs.

• There are more than 1,500 biotechnology companies in the United States.
• Biotechnology is one of the most research-intensive industries in the world.
• The biosciences—including biotechnology and all life sciences activities—employs nearly 1.5 million people in the United States.
• The average annual wage of U.S. bioscience workers was $65,775 in 2004, more than $26,000 greater than the average private sector annual wage.

* Sources: U.S. Bureau of Labor Statistics and American Society for Photogrammetry and Remote Sensing.
**Courtesy of the Biotechnology Industry Organization (BIO).