{"id":4160,"date":"2023-09-17T17:42:24","date_gmt":"2023-09-17T21:42:24","guid":{"rendered":"https:\/\/www.arxresearch.com\/?post_type=product&p=4160"},"modified":"2023-09-18T15:06:08","modified_gmt":"2023-09-18T19:06:08","slug":"medical-affairs-compensation","status":"publish","type":"product","link":"https:\/\/www.arxresearch.com\/reports\/medical-affairs-compensation\/","title":{"rendered":"Medical Affairs Compensation Benchmarks"},"content":{"rendered":"

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:<\/p>\n

-Chief Medical Officers, Senior Vice-President, Vice-Presidents
\n-Executive Directors, Senior Directors
\n-Directors
\n-Associate Directors
\n-Senior Medical Science Liaisons
\n-Medical Science Liaisons<\/p>\n

Select key findings:<\/p>\n

-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<\/a> average salary saw a 19% increase in the same period.
\n-Seventy-four percent of survey-takers are satisfied with their compensation while the remainder are neutral or disagree with the salary they receive.
\n-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.
\n-There is a larger portion of individuals holding an MD degree in upper roles than in other roles.
\n-Ph.D. and PharmD degrees continue to dominate Medical Affairs professionals\u2019 education background, but research shows an increase of individuals with Nursing degrees holding roles from MSL to Senior Director.
\n-The overall annual bonus average percentage has not experienced any significant variation since 2017, hovering around the 21.5% mark.<\/p>\n

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\u2019 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.<\/p>\n

The study delivers Medical Affairs compensation benchmarks that will help medical affairs professionals establish, realign, compare, and negotiate salaries for their roles.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n

Number of pages: 26
\nFormat: Full Analysis, Downloadable PDF
\nPublished: 2023<\/p>\n

Price: $499<\/strong><\/p>\n","protected":false},"featured_media":4912,"template":"","meta":[],"product_cat":[73],"product_tag":[99,98,244,83,207,243,86,90],"yoast_head":"\nMedical Affairs Compensation Benchmark Report<\/title>\n<meta name=\"description\" content=\"Medical Affairs Compensation report provides salary information from Chief Medical Officer to Medical Science Liaison roles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arxresearch.com\/reports\/medical-affairs-compensation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medical Affairs Compensation Benchmark Report\" \/>\n<meta property=\"og:description\" content=\"Medical Affairs Compensation report provides salary information from Chief Medical Officer to Medical Science Liaison roles.\" \/>\n<meta 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