Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Biopharma careers and other Clinical Jobs topics.
Finally, your hard work has paid off – the job offer has arrived. But, before signing on the dotted line, it's important to do your research. Understanding salary ranges for drug safety specialists will help you negotiate a better compensation package. Here's a quick breakdown:
Entry level salaries. During your first five years of employment, you can expect to earn $50,000 - $65,000 annually.
Mid-career salaries. After you've invested 5-10 years as a drug safety specialist, you can expect a decent salary boost. Those with this level of experience typically earn $80,000 annually.
Senior level safety specialists. Typically, professionals who have worked in quality assurance employment as a safety specialist for 20 or more years can expect to earn $90,000 annually.
And remember, after you've worked for a company for a few years, reevaluate your salary. This can be achieved by calling comparable companies and asking for an informal salary range for drug safety specialists. You can then compile this information for your annual review to discuss compensation.