Medical Affairs Compensation Benchmarks

$499.00

The Medical Affairs Compensation Benchmark report provides Medical Affairs professionals at all levels salary benchmarks. The report includes profile of educational levels, annual bonus percentages and survey-takers level of satisfaction regarding their salary and growth opportunities. The research is based on analysis of 637 base salaries provided by 163 respondents from 112 U.S.-based organizations.

Number of pages: 26
Format: Full Analysis, Downloadable PDF
Published: 2023

Price: $499

Description

The Medical Affairs Compensation Benchmark report provides salary information for U.S.-based Medical Affairs roles. In total, the findings are based on 637 reported salaries. Salary data is presented through percentiles, averages, and ranges. In addition, the research outlines the annual bonus percentages and the educational background profile of each group of roles. It also includes the survey-takers level of satisfaction regarding their compensation and growth expectations. The research results from the input of respondents from 112 U.S.-based life science organizations. The report profiles compensation levels for Medical Affairs professionals in roles of:

-Chief Medical Officers, Senior Vice-President, Vice-Presidents
-Executive Directors, Senior Directors
-Directors
-Associate Directors
-Senior Medical Science Liaisons
-Medical Science Liaisons

Select key findings:

-Upper Medical Affairs management salaries of Associate Directors to Chief Medical Officers experienced an average increase of 16% since 2017, while the Senior MSL/MSL average salary saw a 19% increase in the same period.
-Seventy-four percent of survey-takers are satisfied with their compensation while the remainder are neutral or disagree with the salary they receive.
-The 2017 study showed 27% of surveyed Sr MSL/MSL compensation was over $150,000, while 79% of reported salaries are now above the $150,000 level.
-There is a larger portion of individuals holding an MD degree in upper roles than in other roles.
-Ph.D. and PharmD degrees continue to dominate Medical Affairs professionals’ education background, but research shows an increase of individuals with Nursing degrees holding roles from MSL to Senior Director.
-The overall annual bonus average percentage has not experienced any significant variation since 2017, hovering around the 21.5% mark.

Retention of talent is difficult in a highly competitive industry like life sciences. For the most part, compensation and working environment are often the basis for individuals to move from one company to another. Companies’ upper management and human resources departments usually base their compensation structure on internally developed guidelines, available annual budgets, government data, or limited information on competing entities.

The study delivers Medical Affairs compensation benchmarks that will help medical affairs professionals establish, realign, compare, and negotiate salaries for their roles.

Foreword

Key Findings

Research’s Copyrighted Materials

Research Methodology

Salary Benchmarks for Upper Management Levels
Salaries – CMO / SVP / VP
Salaries – Executive & Senior Directors
Salaries – Directors
Salaries – Associate Directors

Salary Benchmarks for MSL Levels
Surveyed Salaries Distribution
Salaries – Senior Medical Science Liaisons
Salaries – Medical Science Liaisons

Snapshot: Entry, Average & Top Salaries by Role

Education Profile of Surveyed Medical Affairs Professionals
Education – CMO / SVP / VP
Education – Executive & Senior Directors
Education – Directors
Education – Associate Directors
Education – Senior Medical Science Liaisons
Education – Medical Science Liaisons

Annual Bonuses
Yearly Bonus – Averages & Ranges
Performance Criteria for Bonus Determination

Level of Satisfaction, Opportunities & Growth
Satisfaction – Salaries
Satisfaction – Personal Growth
Expectation –Team Growth

Licensing Authorizations

Arx Research grants purchasers a non-exclusive, non-transferable license to access and use the report(s) as determined and allowed through the purchase of the report(s). Purchasers may not distribute, copy or reproduce in any fashion or format, any portion of the report(s) outside the limitations of the license without Arx Research prior written permission.

Single-User License:  The purchase of one copy of each report authorizes the use of the report(s) by one person

Multi-Users License: The purchase of this license for the same report(s) authorizes the use and dissemination of the report(s) for 2 and more users within a team or company.

 

Contact us for more details and benefit from multi-report purchase discounts.

 

Purchasing Options

Online: Credit Cards, Paypal: Delivered immediately and automatically to the email address provided during the transaction.

Invoice: Check, Wire Transfers, Automatic Bank Check (ACH): Delivered electronically upon full payment or Purchase Order confirmation. Contact yanis.saradjian@arxresearch.com to initiate the process.

Email us to request additional information on this study or to schedule a time to discuss your needs. You can also fill out the information fields below with a description of what you are looking to accomplish – click the submit button and we will follow up with you promptly.

Thank you for considering Arx Research.

info@arxresearch.com

  • This field is for validation purposes and should be left unchanged.

Title

Go to Top