5 Tips for Biotech Job Seekers in a Competitive Market
In a competitive market, biotech job seeking becomes increasingly difficult while many others compete for the same positions. With the current job market, you want to do what you can to stand out and land your ideal role. One of our favorite aspects of the life sciences is the diverse biotechnology careers that offer many career paths. However, we understand that job seeking is hard work, and knowing where or how to start is a goldmine for job seekers. The life science industry can be intimidating for newcomers and seasoned professionals alike. For this reason, we provide five tips for developing your skills, networking and positioning yourself as a strong candidate. Additionally, we have a bonus tip to help you prepare and utilize this advice for your biotech job search.
The Biotech Job Market
If you’re new to the industry or experienced, you might already be aware of changes in the job market since 2020. Following the COVID-19 pandemic, many organizations needed candidates for a flood of jobs. As the global economy shifts again, the demand for unique and specialized skill sets, knowledge, and experience is also changing. With talks of recession in the air, where do the life sciences and life science jobs stand? According to the CBRE 2023 U.S. Life Sciences Outlook, data shows that although industry employment growth is slowing, it suggests that “further slowdown won’t be as severe as that of the broader economy.” While no one job or industry is recession-proof, historically, the life sciences are resilient. Here are our five best tips to add to your habitual practice for successful biotech job hunting now and in the future as the job market changes with time.
Tip #1: Network Network Network
Networking is our number one tip in building your life science career options. In an industry with high competition, hiring managers can receive dozens or hundreds of online applications for one biotech job. Knowing about job opportunities before they hit the internet is the difference between continuing your search and landing an interview. In fact, word of mouth or personal recommendations from your network can help you land a role without formally applying through career sites. We recommend making networking a regular practice so that it’s natural when you’re ready to search for new opportunities. In general, networking at conferences, on LinkedIn, or anywhere you meet professionals is a rewarding process. Regularly catching up with former colleagues or fellow alumni can make your future biotech job search easier and faster. Always remember that the key to networking is making genuine connections!
Tip #2: Build a Strong Resume and Cover Letter
Having a solid resume and cover letter ready to go is a must when job searching. During competitive job markets, having your materials ready can help you complete applications faster before hundreds of other applications bury yours. The best part about strong resumes is that they can be tailored quickly to individual jobs. Cover letters should be unique to each position, but some outlines can help you develop your cover letter faster. Check out our quick guide for tips on how to write a cover letter for the biotech industry. When writing your resume or cover letter, remember to focus on results. Listing tasks can help, but demonstrating accomplishments is how your resume will stand out. At the end of the day, your resume and cover letter should tell the story of your work history and achievements.
Tip #3: Develop Your Skills & Get Involved
In addition to networking and having your resume ready, continue to develop your skills. If you’re between jobs or preparing for the next, anytime is the perfect time to learn something new. The life science industry is built on curiosity and an eagerness to develop current scientific knowledge. Continuing to build your skills throughout your biotech career is a winning feature in candidates that hiring managers dream about. This shows dedication to your field and excitement for professional growth. Some easy ways to expand your skill set are to take free online courses and attend webinars or life science workshops near you. You can find these opportunities online or ask others while networking. A diverse skill set can make you a flexible candidate for different roles and, overall, a stronger candidate for biotech jobs.
Tip #4: Be Prepared for Biotech Job Interviews
You’ve got an interview! Now what? Make sure you’re prepared for job interviews. Get ahead of the curve by researching biotechnology interview questions and tips for how to prepare for a biotech interview. Being well-prepared will help you feel confident when speaking with hiring managers or interviewers. Preparation can ease some of the anxiety or stress you may have so that you can focus on discussing your main talking points. By researching the company and scanning the biotech job description again, you can form ahead of time what you should talk about during the interview. Preparing these key talking points can help you highlight the best information during the interview, leaving a good impression on the hiring managers.
Tip #5: Stay the Course
Persistence is critical to any biotech job search. Carefully selecting jobs that are the right fit for you and curating a resume is tedious work. However, it is worth finding jobs that align with your goals. Staying patient is an important quality when maintaining motivation during your search. This trait will also take you far on projects within the industry and can easily apply to work situations in the future. To stay persistent, follow up after interviews or with people you meet at networking events. Continue to network and learn, even if you even if a job opportunity doesn’t pan out. At the end of the day, you still work towards long-term goals when being productive with your time. As the old saying goes, patience is a virtue!
Staying Positive in a Competitive Biotech Job Market
Remember to stay positive during your biotech job search. With a changing, competitive market, anything can move in your favor. It’s best to be prepared and jump on opportunities when they arrive at your door. These are essential career tips, even if you are not an active job seeker. Network, develop your skills, and keep track of your achievements should you need to update your resume or prepare for an interview. When prepared, you can feel confident that you have the tools to succeed. Lastly, staying positive can help shift your mindset in the face of sudden change. If you’re ready to start your biotech job search, contact us, and we can help you find the right opportunity with the right company.