2023 Life Sciences Marketing Salary Survey Results
From the Desk of Kristin Sless, Vice President of Client Services at Gateway Recruiting
Welcome to our First Annual Life Sciences (Medical Device, Pharmaceutical, and Biotech) Salary/Market Survey. Gateway Recruiting is a leader in Life Sciences recruiting and has been recognized for the last 5 years by Forbes as a Top Professional Recruiting firm.
I want to express my gratitude to everyone who participated in our 1st Annual Life Sciences Marketing and Product Management Salary Survey. With over 700 participants in this year’s report, we are enthusiastic to increase this participation and become the standard for compensation data in this vertical for years to come.
We have been conducting similar surveys for our other markets for decades, and we decided to extend it to our Marketing and Product Management network as well. We know how valuable this industry insight is, especially in these uncertain and challenging times.
The employment market is still recovering from the post-COVID hiring boom in 2021-2022, and the opportunities for top talent in this space are fewer than before. We have noticed a slight increase in hiring activity in the last two months, and we expect this trend to continue in the first quarter of 2024.
Most organizations are focusing on replacing the talent they have lost and adding a few new members to their existing teams as they prepare for launches or product changes.
Additional insight from our experience in recruiting this year:
- Many companies are now asking their employees to return to the office full-time or part-time (3/2 or 4/1). Fully remote positions across all positions are becoming more rare.
- 80% of Marketing professionals reported a salary increase in the past year. And more than 30% of those increases were between 5% and 30% higher than the previous year’s salary. This has mostly been driven by the hiring in 2021 and 2022 and the increase of internal equity across these organizations.
Thank you again for your contribution to this salary survey. Please feel free to circulate this, as next year we look forward to getting an even larger data set to provide the most accurate snapshot of the market to our network.
If you ever need help with hiring for your organization (Full-time or Contract), please feel free to contact me. If you are ready to make the leap and start a career search, please reach out as well. We have supported the Life Sciences vertical for 15+ years and will always be here to support your career goals.
Cheers to another year and again, thank you for continuing to support Gateway Recruiting!
Kristin Sless
Vice President of Client Services and Recruiting
Gateway Recruiting, Inc.
CLICK HERE TO VIEW AND DOWNLOAD YOUR FREE COPY OF THE 2023 LIFE SCIENCES MARKETING SALARY SURVEY RESULTS
We greatly value your feedback on this report and welcome any suggestions for the next year. At Gateway Recruiting, we are incredibly grateful for the continuous support we receive from our clients and candidates. It is this unwavering support that has established us as the preferred and leading choice in Life Sciences Recruiting.
Whether you are seeking to hire a full-time employee or a contractor this year, we encourage you to reach out to us via email at Info@GatewayRecruiting.com. We are here to assist you every step of the way!
Stay informed about the latest job openings in Medical Device, Pharmaceutical, and Biotech by subscribing to our bi-monthly newsletter. This way, you can ensure you never miss out on valuable opportunities. To take the next step in your career, kindly send your updated resume to Info@GatewayRecruiting.com. Our dedicated team members will promptly review your application and reach out to you.
