Does AbbVie pay well?
AbbVie pays an average salary of $107,969 per year or $51.91 per hour. AbbVie pays those in the bottom 10 percent $73,000 a year, and the top 10 percent over $157,000. AbbVie employees in different sectors tend to have different salaries as well.
Do medical science liaisons get bonuses?
Aside from base salary, MSLs typically receive an annual bonus. The percentage of the bonus varies from company to company. In general, however, it is safe to assume that medical science liaisons’ bonus compensation will depend on both the company’s annual performance and the individual MSL’s performance as well.
How many hours do medical science liaisons work?
MSLs work hard. They spend, on average, 46 to 50 hours per week on the job. Half said their in-office work hours vary from week to week.
Do medical science liaisons travel a lot?
Medical science liaisons may be assigned to a geographic area or region, so extensive travel is common for them. Due to the amount of travel required to liaise and consult with other medical professionals, medical science liaisons may or may not be based in their employer’s physical office.
Is AbbVie a good company to work for?
83% of employees at AbbVie say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place to Work® 2021 Global Employee Engagement Study. I feel good about the ways we contribute to the community. People here are given a lot of responsibility.
Does AbbVie have a pension plan?
According to its most recent Form 5500 filing, the AbbVie Pension Plan had $3.7 billion in assets as of Dec. 31, 2020.
Do you need a PhD to be an MSL?
MSLs are a point of scientific expertise and as such, they are required to possess advanced scientific/academic training. Most MSLs will come from three different backgrounds: Medical Doctor (MD), Pharmacist (PharmD) or PhD.
What do medical science liaisons wear?
During ALL interviews for an MSL role, you should wear business attire. However, the annual conference will be business casual. Of course, you are welcome to wear business attire if you choose. Just like during an in-person MSL interview, the first impression you make is critical.
How hard is it to get an MSL job?
It is hard to get a medical science liaison job.
In order to get this role, a person will need to concentrate on a specific therapeutic area or disease state (e.g., oncology, cardiology, gastroenterology, infectious diseases, rheumatology) and gain expertise in the field.
What does an MSL do in pharma?
They help ensure that products are used effectively, serve as scientific resources and experts, advise on upcoming advances in treatments, and provide input about relevant scientific and clinical data.
How hard is it to become an MSL?
It requires higher levels of experience and expertise in order to do well. Some liaisons can get an MSL position with a Masters degree, but most positions require a minimum of a PhD in the area of medical expertise that a company or product requires.
How long is AbbVie interview process?
On Glassdoor, the AbbVie interview process is described as average, with about 69 percent of respondents saying they had a positive experience. A respondent who applied for a Senior Scientist position, but did not receive a job offer, said the interview process was long, running three to four months.
What is AbbVie famous for?
AbbVie is a research-based biopharmaceutical company. It spun off of Abbott Laboratories in 2013. The company has had a successful start in its first five years in the industry. Its blockbuster drug Humira brought in billions.
How much does AbbVie match 401k?
The current AbbVie Savings Plan (“ASP”) offers a 5% matching contribution to anyone contributing at least 2% of their salary to the 401(k).
How competitive are MSL jobs?
6 – Medical Science Liaisons positions are very competitive- For every 1 MSL opening there are approximately 200 MSL candidates. The field is growing a lot and is estimated to grow 47% over the next 5 years.
How do I prepare for an MSL interview?
5 Concrete Things you Should Absolutely do before Every MSL interview.
- Ask this question when you start (but not in a confrontational way). “I’m excited to be here.
- Practice the “Tell me about yourself” response out loud several times.
- Research the company.
- Presentations.
- Money.
What is the next step after medical science liaison?
Many MSLs or senior medical communication roles often move into a medical advisor role as a next step in their career. It is also a possible starting point for physicians wanting to move into medical affairs.
Is a medical science liaison a drug rep?
MSLs are trusted scientific advisors to HCPs, who provide truthful, non-misleading medical and scientific information, whereas the sales rep’s focus is commercial and promotional and geared towards convincing the HCP of the merits of the company’s drug.
What degree do I need to be a medical science liaison?
Most companies will require a medical degree, pharmacy degree, or higher science degree such as MSc, or PhD. In the UK most MSLs have a PhD or come from a pharmacy background. An in depth scientific and medical knowledge is also required. Therapy area experience is advantageous.
Is it hard to get a job at AbbVie?
Yes, it is hard to get a job at Abbvie.
Abbvie hires experts in the fields of immunology, oncology, neuroscience, eye care, virology, women’s health, and gastroenterology. Medical and science-related positions at the company are the most competitive but are also some of the most highly compensated in terms of salaries.
What is AbbVie main drug?
By far, AbbVie’s biggest sales generator is Humira. Doctors prescribe the drug to treat arthritis, psoriasis and Crohn’s disease. It accounts for more than half of AbbVie’s total annual sales.
What is AbbVie pension plan?
(“AbbVie”) created the Abbott-AbbVie Multiple Employer Pension Plan (MEPP) to provide benefits to participants in the Abbott Laboratories Annuity Retirement Plan (ARP) who had accrued benefits under the ARP and whose employment with Abbott and its subsidiaries terminated before January 1, 2013.
Does AbbVie give stock to employees?
For AbbVie employees who are at manager level and above, AbbVie provides annual stock grants to reward performance. The value of these are tied to how many shares are granted (which is based on your position in the company) and the price of AbbVie stock at the time the shares are available to you.
Is being a medical science liaison worth it?
According to the U.S Bureau of Labor Statistics, medical professions such as MSL roles are among the fastest growing industries between 2012 and 2022. These roles are also expected to pay very well. Payscale estimates that MSLs will continue to earn a median salary of over $100,000 USD a year.
How do you answer why do you want to be an MSL?
market access, marketing, regulatory) and learn and collaborate with people who possess different skill sets to me. I feel the MSL role would be a great fit for me as my scientific communication and relationship building skills are strong and I’m keen to work in a more commercial environment.