According to a 2010 study on the Biotechnology Industry Organization website, biotechnology has generated hundreds of healthcare treatments and vaccinations, and millions of farmers utilize agricultural biotechnology to improve crop yields while minimizing bug and pest damage and preserving the environment. As a result, demand for some biotechnology jobs is soaring, while demand for other biotechnology jobs is growing at an average pace. Biotechnology is a promising professional field with a wide range of educational requirements and incomes.
According to the US Bureau of Labor Statistics, biomedical engineering will be the third fastest-growing profession through 2020. While the national average for all professions is 14.3%, biomedical engineers have a growth rate of 62 percent, which is more than triple the national average. These engineers, among other things, develop computer simulations to test novel drug therapies and design software to operate medical equipment. According to the BLS, the annual mean pay for this job was $92,620 in 2020. A bachelor’s degree in biomedical engineering is the minimum educational qualification for biomedical engineers.
Biochemists and Biophysicists
Demand for biochemists and biophysicists is growing at a pace of 31%, which is more than twice the national average. These experts are required to create alternative fuel sources such as biofuels and biomass, as well as pesticide-free genetically modified crops. According to BLS pay statistics from May 2020, biochemists and biophysicists earned an annual mean income of $94,270. A Ph.D. in biochemistry or biophysics is usually required, but a master’s degree is adequate for entry-level jobs.
Microbiologists’ jobs are expected to grow at a national rate through 2020. This 13% growth rate, however, does not contradict the fact that they will be in high demand to assist in the development of vaccines and antibiotics to combat infectious illnesses, as well as novel medications and therapies for genetic abnormalities and diseases. Microbiologists can expect to make an annual mean salary of $84,400, according to May 20 statistics. Although a bachelor’s degree in microbiology or a related area is the minimum educational qualification, individuals who want to do independent research will need a Ph.D.
Biological technician jobs are expected to increase at a pace of 14% through 2020, which is faster than the national average for other professions. Biotechnology research, according to the BLS, is fueling demand. Biomedical engineers, biochemists and biophysicists, microbiologists, and other researchers need the assistance of biological technicians. They gather samples, perform research, and evaluate test findings under supervision. According to the Bureau of Labor Statistics, the annual mean pay for biological technologists was $46,340 in 2020. The BLS advises that students pursue biology courses that emphasize lab work in addition to a bachelor’s degree in biology or a related area.