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Consulting

Pharmaceutical Industry

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Provide consulting expertise to pharmaceutical manufacturers to facilitate the entry of their drugs into national markets.

In This Article

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Role Overview

Organisation Type

Small Business

Role Type

Professional

Starting Salary

£21,000 +10% bonus

Av. Weekly Hours

40

Organisation Type

Small Business

Role Type

Professional

Starting Salary

£21,000 +10% bonus

Av. Weekly Hours

40

About the Author

Role Requirements

Time in Role:

4 years

Degree:

University of Leeds. 1st Class BSc in Pharmacology (with Industrial Placement)

A-Levels:

Biology (A), Chemistry (A),  Geography (A)

About the Author

Time in Role:

4 years

Degree:

University of Leeds. 1st Class BSc in Pharmacology (with Industrial Placement)

A-Levels:

Biology (A), Chemistry (A), Geography (A)

Role Requirements

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Key Responsibilities

  • Creating projects reports/presentations
  • Conducting secondary and primary research
  • Managing projects (e.g. adherence to processes and deadlines) and interacting with clients
  • Delegating work to, and supporting, analysts
  • Supporting business development (typically writing project proposals)
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A Day in the Life

Previously, in my role as an analyst, my role would be mostly focused on conducting research on a topic, and then developing slides summarising my work to be used within internal or client meetings. For example, this could be spending an afternoon researching secondary sources to understand differences in the pricing rules for oncology drugs in the UK and Japan.

Now, as a consultant, my role has evolved so that I spend more time providing direction to the analysts in their research, managing clients and developing proposals to win future work. I will still spend the majority of my time developing presentations/reports, but will be more focused on using the research conducted by our analysts to craft the key messages and strategic recommendations for the client. This would mean thinking – “given what we know about the differences in pricing rules between UK and Japan, what country would it be more advantageous for my client to launch in? How can they maximise the value of their product.”

Day in the Life Graphic
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Additional Details

Flexi Working

As a small company with fairly relaxed owners, we are allowed to work entirely from home. Flexible working is allowed, but there is an expectation that you should be able to respond to messages/emails from 9am-4pm. Some projects can be intense and require longer hours of work, but this is managed carefully by the senior partners.

How is Work Assigned?

Work is assigned to me directly from the two senior partners who co-own the business: at any time, I will normally be managing or actively working on 3-4 projects (a mix of rapid turnaround projects and large slow-moving projects). The senior partners are normally responsible for winning the projects from clients, but I will help in that process (e.g. writing our project proposal). I will be assigned a project team of several analysts (plus one of the partners as the ‘senior lead’), and given responsibility to run the project from there, with the senior lead providing oversight.

Client Focussed Work

Work is mostly client-focused, with a project typically involving working with one or two people (the clients) from a pharmaceutical company. The client is normally our day-to-day contact from the company, who we will meet with on a regular basis to progress the project. Obviously, with more experience/expertise, you will have more interaction with clients, whether this is discussing the project in catch-up meetings, presenting deliverables or answering questions etc. We are normally encouraging of analysts to present the work they themselves have produced, but this can vary client to client.

Commission / Bonus

My role is not commission-based, although a bonus is awarded based on personal performance and overall company performance. Personal performance is based usually against pre-agreed, annual ‘SMART’ targets. Hitting these targets consistently over a number of years usually leads to promotions, if your work is particularly high quality.

Professional Exams / Qualifications

There are no professional exams to complete. The area of pharmaceutical consulting I work is in fairly niche, so we are flexible in hiring people with any type of business/analysis/scientific background who are interested in the commercial side of science. Progression typically moves from analyst/senior analyst up to consultants/senior consultants/directors (usually reflecting a move away from doing the research, to project management and high-level strategic thinking). The senior partners are encouraging in funding additional training courses, if they see there is a clear benefit to personal/skill progression.

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Author's Opinion

Consulting is extremely varied. We work across multiple project types across a huge number of therapy areas, so you are constantly learning something new and challenging yourself. This keeps things interesting, but means you cannot coast.

Working in a small company has some obvious advantages. I’ve had lots of exposure to senior partners who have helped me develop professionally, and they’ve been willing to give me lots of responsibility at an early stage of my career (and rewarded me financially for it).

The obvious downside is that there can be quiet periods within the company, losing business and potentially interesting projects to larger, more established clients. As with other consulting jobs, busy periods can mean long working days to reach tight deadlines.

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