3-Month Job Trend Report
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1 1 The Digest of Biotech Job Trends In Massachusetts 3-Month Job Trend Report January - March 2016
2 About the 3-Month Report MassBioEd produces a 3-Month Report on biopharmaceutical job trends each quarter of the year. The Report compares job listings for the most current three-month period with job listings for the same three-month period of the previous year to determine trending in job listings. About the MassBioEd Foundation MassBioEd engages teachers, inspires students, and guides the life sciences workforce. Our BioTeach program supports Massachusetts teachers as they work to engage students through lab-centered, inquiry-based learning. Our Job Trends initiative identifies workforce needs and illuminates the pathway from the classroom to careers in the life sciences. About The Digest of Biotech Jobs Trends in Massachusetts The 3-Month Report is a part of MassBioEd s ongoing Digest of Biotech Jobs Trends in Massachusetts, which also includes Briefs and an Annual Jobs Trends Forecast. The Briefs present basic data and analysis on particular aspects of biopharma industry job trends. The initial 2015 Briefs are focused upon entry level position job trends in the biopharmaceutical industry. The objectives in publishing the Briefs is to provide basic information about job listings trends, skills required of candidates, prevalence of degree requirements for high trending occupations. The Annual Job Trends Forecast is intended to provide greater insight based on additional study in these areas. Acknowledgements The analysis found in the 3-Month Report was conducted by Mark Bruso, Research Associate, under the direction of MassBioEd Foundation Executive Director, Peter Abair. Erica Dickinson, Product Support Manager at Burning Glass provided able assistance to the MassBioEd research team in effectively using data from Burning Glass Technologies (see appendix for more information about Burning Glass Technologies). MassBio, the industry council serving the biopharmaceutical community of the Massachusetts region, provided support for this series and MassBioEd s ongoing job trends initiative. For more MassBioEd job trends analysis, visit MassBioEd.org. 2
3 # of Monthly Job Listings Total # Emplyed in Industry MassBioEd 3-Month Job Trend Report: January-March 2016 Quarterly Highlights The Massachusetts biopharmaceutical industry is in the midst of a prolonged expansion cycle. January and March of 2016 were the two highest months for job postings since the beginning of 2014, when the data was first collected by MassBioEd. The 3-month average for Q was also the highest on record with 2,643 industry job posts recorded online during that span significantly higher than in previous 3-month periods. The 12-month growth rate in job postings for the Massachusetts biopharmaceutical industry was 37.8%. The period studied shows an increase in job postings at every degree level requirement. Overview The following graph charts the 3-month centered moving average of the total job listings and industry employment. A 3-month centered moving average is used to reveal if the observed data is trending in a direction. It effectively smooths out monthly fluctuations in the employment and job listings data. The latest industry employment data was collected in September of ,000 2,500 2,000 1,500 1, Month Centered Moving Average of Biopharma Job Listings vs. Employment 67,500 67,000 66,500 66,000 65,500 65,000 64,500 64,000 63,500 Job Listings Industry Employment 3
4 Both industry employment and job listings are moving upward in tandem. The Bureau of Labor Statistics, which tracks job openings and labor turnover rates at the national level (JOLTS), reports research indicating that job openings are pro-cyclical and they are closely tied with employment numbers i. These data confirm that our industry has been in a prolonged expansion cycle measured both by employment growth and increases in job openings. The Job Opening Rate, or open jobs per those employed in a given industry (excluding internal postings), has increased from the vicinity of the 2.5% mark in Q to about the 3.5% mark in Q This rise can be attributed to a range of factors: higher quit rate (workers feel more confident that they can find a job elsewhere within the industry), expansion within the industry, companies increasingly posting jobs online rather than internally, improvements in identifying job listings on Burning Glass Labor Insight tool, or replacement needs for an increasing number of workers permanently exiting the workforce (retirement, parental leave, etc.). The observed Job Openings Rate for the Biotech Industry in Massachusetts is available in the Appendix of this report. Month-to-month analysis of job listings reveals that over the 12-month period ending in March 2016, the year-over-year growth rate was 37.8%, with the job listings increasing in every month over the previous year. Massachusetts Biopharma Industry, New Job Postings, Monthby-Month Comparison, Last 12 month comparison April March 2015 April 2015-March
5 For perspective, during that same period the year-over-year job postings growth rate for the entire Massachusetts economy was 23.7%. The biopharmaceutical industry saw its job postings rate grow 59% faster than the state as a whole. New Job Listings on MassBio.org, Monthly, April March Year Starting April 2014 Year Starting April 2015 Using MassBio.org Job Listings data as a source, new job listings by month for the year starting in April 2014 and 2015 increased without exception. MassBio hosts a large number of job listings, which tend to be in STEM-related (Science, Technology, Engineering and Mathematics) job categories or corporate operations. Burning Glass captures individual job listings from multiple sources and has a greater capture of total job listings and types of job listings captured in its database. The MassBio data, while presenting fewer job listings, nonetheless mirrors and corroborates the job listing trend as presented on Page 4 using Burning Glass data. In total, there were 8,371 new job listings posted on the MassBio.org careers page in between April of 2015 and March of This was an increase of 2,563 job listings over the previous 12-month mark of 5,835 new job listings a 43% increase (greater than the 37.8% increase found using Burning Glass data). This was a smaller year-over-year growth than our previous Quarterly Report, which compared the full years of 2014 and 2015 in which there was a 49% increase in job listings (compared to 36.5% on Burning Glass). 5
6 Top 30 Occupational Job Listings, January 1 March 31, Rank 2015 Rank Rank +/- Occupation Q Q Change +/- Pct. Change Medical Scientist % Medical Director % Program Manager % Sales Representative % Biologist % Software Developer / Engineer % Chemist % Medical Laboratory Technician % Clinical Research Coordinator/Manager % Office / Administrative Assistant % Medical Laboratory Technologist % Chemical / Process Engineer % Mechanical Engineer % Sales Manager % Project Manager % Compliance Manager % Marketing Manager % Healthcare Administrator % Financial Manager % Quality Control Analyst % Biostatistician % Quality Manager % Industrial Engineer % Computer Programmer % Computer Scientist % Systems Analyst % Quality Inspector / Technician % Regulatory Affairs Specialist % Bookkeeper / Accounting Clerk % Financial Analyst % Methodology: For calculating occupational totals and monthly total of job postings MassBioEd used the following method for non-stem positions, the MassBio percentage for each NAICS code. For STEM positions all postings within 3254, MassBio percentage used for 5417, and the Burning Glass Biotech Filters (4) for the remaining NAICS codes of 622, 6113, 6215, 3345, and The top 30 Burning Glass Occupations were selected. Sales Representatives and Medical / Pharmaceutical Sales Representatives were combined from two to one occupation. 6
7 Highest Growing Occupations by Job Listings, Q v. Q Rank 2015 Rank Rank +/- Occupation Q Q Change +/- Pct. Change Retail Supervisor % Bookkeeper / Accounting Clerk % Compliance Analyst % Retail Sales Associate % Validation Engineer % Nursing Assistant % Clinical Research Coordinator/Manager % Biostatistician % Industrial Engineer % Mechanical Engineer % Computer Scientist % Medical Scientist % Quality Manager % Sales Representative % Customer Service Representative % Chemist % Software QA Engineer / Tester % Statistician % Chief Executive Officer % Accountant % Medical Laboratory Technician % Medical Laboratory Technologist % Systems Analyst % Compliance Manager % Regulatory Affairs Specialist % Registered Nurse % Data / Data Mining Analyst % Program Manager % Marketing Specialist % Training and Development Specialist % Methodology: For calculating occupational totals and monthly total of job postings MassBioEd used the following method for non-stem positions, the MassBio percentage for each NAICS code. For STEM positions all postings within 3254, MassBio percentage used for 5417, and the Burning Glass Biotech Filters (4) for the remaining NAICS codes of 622, 6113, 6215, 3345, and Occupations were only considered if they were located within the top 100 Burning Glass Occupations in both Q and Q Sales Representatives and Medical / Pharmaceutical Sales Representatives were combined from two to one occupation. 7
8 Regional Breakdown Massachusetts Massachusetts, like any complex economy, can be broken down into many different substrates to produce actionable observations. We based these six geographic areas in Massachusetts on those defined by the MassBio s Economic Development Advisory Group as distinct sub-markets of the Massachusetts life sciences supercluster. We calculated the First Quarter 2015 and 2016 job listings by these regions. The Cambridge- Boston Core maintained its spot as the regional leader in job listings in both Q and Q Approximately 56% of statewide industry job posts originating from the area. The largest net change in job postings between the past two First Quarters occurred in the 128/Suburbs region, which experienced an approximate decrease of 40% between the two time periods. In part, this reveals the effects of two major employers in the region at different employment phases. Shire, which posted 186 job listings online in Q1 2015, reached hiring goals and listed only a few jobs in Q Biogen, which has been scaling down its Weston footprint and growing at its Cambridge headquarters, also had a marked decline in listings in this region during the same timeframe. In contrast, the Worcester/I-495 region saw a sizeable increase it its share of job listings, more than doubling the number of job listings between periods and increasing its share of total postings to 16.5% in Q from 9.5% in Q Sanofi Genzyme led in the region in total listings in the period, followed by Quest Diagnostics, newly located in Marlborough, 8
9 Jobs Listings by Region, Q v Q1 2016, and Share of all Listings Region Q Q Share Q Q Share Core 2, % 3, % Northeast % % 128/Suburbs 1, % % Southeast % % Worcester/I % 1, % Western Mass % % Total 5,330 6,687 Below is an illustration of the above graph, showing the relative changes in total job listings amongst the six regions throughout the Commonwealth Regional Job Listings, First Quarter, 2015 v Q Q Core Northeast 128/Suburbs Southeast Worcester/I-495 WMass Leading Job Listing Companies by Region, Q1, 2016 Western Massachusetts Worcester/I-495 Company Listings Company Listings Medtronic 13 Sanofi Genzyme 469 Pfizer 8 Quest Diagnostics 96 Sanofi Genzyme 7 Bristol-Myers Squibb 67 Quintiles 4 AbbVie 48 Novartis 4 Charles River Laboratories 45 Takeda Pharmaceuticals 4 PerkinElmer 42 Quest Diagnostics 4 Danaher Corporation 32 Life Laboratories 3 UMass Medical School 31 Smith College 3 LabCorp 20 Kindred Healthcare, Inc. 3 Glaxosmithkline 19 9
10 128/Suburbs Northeast Company Listings Company Listings Instrumentation Laboratory 53 Charles River Laboratories 121 PerkinElmer 40 Pfizer 89 Sanofi Genzyme 37 Smith & Nephew 54 Astrazeneca 32 Merck & Company 47 Ortho Clinical Diagnostics 32 Medtronic 46 Biogen 20 Parexel 24 Thermo Fisher 19 Raytheon 21 Tesaro, Inc 10 Bruker Company 17 Bristol-Myers Squibb 9 Amgen 14 Integra Lifesciences 9 Quest Diagnostics 13 SE/South Coast Cambridge/Boston Core Company Listings Company Listings Medtronic 75 Sanofi Genzyme 583 Smith & Nephew 45 Vertex Pharmaceuticals 506 Cape Cod Healthcare 27 Takeda Pharmaceuticals 368 Merck & Company 18 Novartis 323 Pfizer 9 MGH 233 Quest Diagnostics 5 Pfizer 145 Southcoast Health System 5 Amgen 128 UMass Medical School 4 Biogen 111 Celldex Therapeutics 4 Merck & Company 80 Pioneer Data Systems 4 Boston Children's Hospital 77 On the following page, six charts detail the top ten most frequent job listings in each of the six regions. These numbers are the totals for the entire industry in a given region in the First Quarter of The Location Quotient details the concentration of these positions relative to the statewide composition during the same timeframe every hundredth of a point above or below 1 is equal to a higher or lower concentration of listings for an occupation of 1%. For example, Medical Scientists in the Core region in Q (below) had a LQ of 1.2, signifying that during that period of time the region had 20% more Medical Scientist job listings than the state did as a whole. Note: The larger the sample size, the better. For regions with a small number of listings, location quotients lose meaning. As a result, we do not list the Western Mass. region because of the low number of job posts during Q While the number of listings is also small in the SE/South Coast region, we do include that region in this section, as the positions listed for the region correlate well to the types companies located there and is sufficiently indicative of the industry s job market in the region. 10
11 Occupation Cambridge/Boston Core Job Postings Location Quotient Region Medical Scientist Medical Director Program Manager Biologist Sales Representative Chemist Software Developer / Engineer Clinical Research Coordinator / Manager Healthcare Administrator Medical Laboratory Technician Occupation Northeast Region Job Postings Location Quotient Medical Scientist Chemist Software Developer / Engineer Industrial Engineer Mechanical Engineer Financial Analyst Medical Laboratory Technician Bookkeeper / Accounting Clerk Program Manager Financial Manager Occupation 128/Suburbs Region Job Postings Location Quotient Medical Scientist Software Developer / Engineer Medical Director Biologist Office / Administrative Assistant Computer Programmer Program Manager Medical Laboratory Technician Mechanical Engineer Chemist
12 Occupation Southeast Region Job Postings Location Quotient Regulatory Affairs Specialist Sales Representative Industrial Engineer Software QA Engineer / Tester Technical Writer Manufacturing Engineer Nursing Assistant Compliance Manager Office / Administrative Assistant Bookkeeper / Accounting Clerk Occupation Worc./I- 495 Region Job Postings Location Quotient Medical Scientist Medical Laboratory Technician Chemical / Process Engineer Program Manager Chemist Biologist Quality Control Analyst Customer Service Representative Medical Director Sales Representative Top Occupations By Experience Level In the First Quarter of 2016, there were approximately 4,600 job listings that explicitly listed an experience level required of a qualified candidate (approximately 2,000 did not specify an experience level). The share of job listings by experience level in this period is very much in line with earlier findings made by MassBioEd in 2015, and nearly identical to the makeup of job listings in Q Percentage of Listing in Q1 by Experience Level Entry Level 3 to 5 Years 6 to 8 Years 9-Plus Years 26% 44% 17% 14% What follows is a list of the top ten occupations by online job postings at each of the following experience levels: Entry Level (0-2 years of experience), 3 to 5, 6 to 8, and 9-plus years experience. Also listed is the percent of each occupation that occurs at that level of experience (e.g. 48 Biologist postings at Entry Level in Q represented 30% of all Biologist postings at all levels). 12
13 Entry Level Occupations (26%) Q Job Occupational Listings Listings at Exp. Level Medical Scientist % Sales Representative 65 42% Medical Laboratory Technician 52 71% Biologist 48 30% Clinical Research Coordinator / Manager 39 63% Medical Laboratory Technologist 33 48% Nursing Assistant 29 99% Bookkeeper / Accounting Clerk 29 75% Biostatistician 23 39% Software Developer / Engineer 22 16% 3 to 5 Years Exp. Occupations (44%) Medical Scientist % Medical Director % Software Developer / Engineer 86 62% Biologist 69 43% Sales Representative 67 44% Program Manager 65 25% Chemist 51 41% Office / Administrative Assistant 50 63% Sales Manager 39 47% Healthcare Administrator 36 50% 6 to 8 Years Exp. Occupations (17%) Program Manager % Medical Director 59 20% Medical Scientist 54 13% Chemist 39 31% Biologist 33 21% Project Manager 30 43% Financial Manager 25 39% Sales Manager 21 25% Chemical / Process Engineer 20 27% Computer Programmer 19 36% 9-Plus Years Exp. Occupations (14%) Program Manager 86 33% Medical Director 66 22% Medical Scientist 40 9% Marketing Manager 31 37% Chemical / Process Engineer 23 31% Sales Manager 20 25% Operations Manager / Supervisor 19 46% Chief Information Officer / Director of 17 48% Information Technology Systems Analyst 17 36% Financial Manager 16 25% 13
14 Top Entry Level Occupations By Educational Attainment Job listings with 0 to 2 years of experience (Entry Level) the first subject of MassBioEd s Briefs series constitute approximately one-fourth of all industry job listings in Massachusetts. In keeping with our focus on Entry Level job listings, we present three separate lists, for Sub-Bachelor s degree, Bachelor s degree, and Graduate degree holders that contain the top listings in each category. Note: The numbers derived below are tabulated by counting the number of jobs listed with said degree as a minimum qualification. Entry Level + Associate Degree & Under Medical Laboratory Technician Bookkeeper / Accounting Clerk Customer Service Representative Listings Entry Level + Bachelor s Degree Manufacturing / Production Technician Phlebotomist 12 Medical Laboratory Technician Nursing Assistant 11 Medical Laboratory Technologist Office / Administrative Assistant 11 Quality Control Analyst Retail Sales Associate 10 Biological Technician Production Worker 7 Software Developer / Engineer Listings Entry Level + Graduate Degree Listings 26 Medical Scientist 101 Medical Scientist Sales 47 Biologist 12 Representative 15 Clinical Research 36 Biostatistician 12 Coordinator / Manager 14 Biologist 34 Physician 6 25 Medical Director 22 Medical Laboratory Technologist 4 21 Statistician 4 19 Program Manager 19 Surveillance / Private Investigator Medical Assistant 7 Chemist 15 Project Manager No occupation appears in the top ten of all three categories. Only Medical Laboratory Technician & Technologist, Medical Scientist, and Biologist appear twice. 14
15 Below is a breakdown of the educational minimums in Q for the top 20 industry job listings at the Entry Level in Massachusetts. Occupation TOTAL AS% BS% Grad% Medical Scientist % 16% Medical Laboratory Technician 51 52% 48% Sales Representative 51 8% 92% Biologist 46 74% 26% Clinical Research Coordinator / Manager 37 97% 3% Medical Laboratory Technologist 32 17% 71% 13% Bookkeeper / Accounting Clerk 28 92% 8% Quality Control Analyst 23 9% 91% Software Developer / Engineer 22 8% 88% 5% Biostatistician 22 46% 54% Biological Technician 21 6% 94% Office / Administrative Assistant 20 54% 44% 2% Customer Service Representative 20 77% 23% Chemist 18 85% 15% Manufacturing / Production Technician 15 93% 7% Retail Sales Associate 14 72% 28% Medical Director 12 16% 46% 38% Chemical / Process Engineer % Phlebotomist 12 97% 3% Nursing Assistant 11 99% 1% Top Industry Occupations By Educational Attainment This section presents the First Quarter job listing data for all educational and experience levels the entire industry, categorized by minimum educational level. First is a comparison of Q vs. Q Associate Degree and under job listings. Q Assoc. Degree & Under Listings Q Assoc. Degree & Under Listings Office / Administrative Assistant 49 Medical Laboratory Technician 76 Phlebotomist 41 Office / Administrative Assistant 65 Medical Laboratory Technician 28 Bookkeeper / Accounting Clerk 36 Production Worker 24 Production Worker 33 Program Manager 19 Customer Service Representative 28 Executive Assistant 19 Program Manager 26 Sales Representative 12 Manufacturing / Production Technician 25 Manufacturing / Production Technician 11 Phlebotomist 21 Customer Service Representative 11 Nursing Assistant 17 Nursing Assistant 10 Retail Sales Associate 17 15
16 Q Bachelor s Degree Min. Q Bachelor s Degree Min. Medical Scientist 202 Medical Scientist 423 Software Developer / Engineer 133 Medical Director 178 Medical Director 123 Sales Representative 168 Program Manager 117 Program Manager 166 Sales Representative 96 Software Developer / Engineer 135 Biologist 96 Chemist 117 Chemical / Process Engineer 56 Biologist 113 Clinical Research Coordinator / Sales Manager 54 Manager 103 Chemist 54 Chemical / Process Engineer 77 Project Manager 52 Sales Manager 77 Q Graduate Degree Min. Q Graduate Degree Min. Medical Scientist 134 Medical Scientist 196 Medical Director 78 Medical Director 125 Biologist 61 Program Manager 99 Program Manager 45 Biologist 80 Chemist 38 Biostatistician 48 Biostatistician 23 Chemist 42 Attorney 23 Surveillance / Private Investigator 30 Software Developer / Engineer 19 Computer Scientist 26 Healthcare Administrator 19 Attorney 25 Statistician 17 Physician 24 Top Companies by Job Listings On the next page, the organizations with the most job listings in Q are presented. In the listings, we separate companies from non-profit organizations (e.g. hospitals and universities). Note: The number of jobs that an organization will post will rise and fall according to that organization s business plan. A high number of listings in one quarter or year and a small number of listings by the same organization in another quarter or year may reflect a number of different factors, including that the organization met its hiring goals in keeping with its business plan in one quarter and necessarily has fewer listings in a subsequent quarter. A rise or fall in the number of job listings in one quarter should not be used as a barometer of an organization s health. We provide these listings for the more basic purpose of showing which companies influenced talent supply and demand in hiring in one particular quarter. 16
17 Top Employers by Job Postings, Massachusetts Life Sciences Companies, Q Top Employers by Job Postings, Massachusetts Life Sciences Companies, Q Sanofi Genzyme 493 Sanofi Genzyme 1101 Takeda Pharmaceuticals 474 Vertex Pharmaceuticals 506 Novartis 400 Takeda Pharmaceuticals 372 Pfizer 280 Novartis 332 Vertex Pharmaceuticals 279 Pfizer 272 Amgen 210 Charles River Laboratories 178 Shire 198 Medtronic 152 Baxter International 167 Merck & Company 148 Medtronic 115 Amgen 142 Merck & Company 104 Quest Diagnostics 134 Bristol-Myers Squibb 71 Biogen 131 Biogen 71 Smith & Nephew 100 Astrazeneca Quest Diagnostics AbbVie PerkinElmer Bristol-Myers Squibb AbbVie Top Employers by Job Postings, Massachusetts Life Sciences Non-Profits, Q Top Employers by Job Postings, Massachusetts Life Sciences Non-Profits, Q Harvard University 100 Massachusetts General Hospital 243 Partners Healthcare University Of Massachusetts Medical School Boston Children's Hospital Dana Farber Cancer Institute Boston Children's Hospital 57 Harvard University 59 Massachusetts General Hospital 47 Boston University 51 17
18 Appendix MassBioEd utilizes Burning Glass Labor Insight for the bulk of its real-time online job listing data. Per the description on Burning Glass website, their Labor Insight software, collects millions of online job postings [everyday] from close to 40,000 sources and applies our patented technology to mine and code detailed data from each posting describing the specific skills, education, experience, and work activities required for the job going well beyond the occupation and industry codes offered in other sources. All job listings data sourced from Burning Glass Labor Insight, unless otherwise noted. ** January 2016 MassBio job listings prorated for the month due to no data from January 22 nd January 31 st (website changeover). 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Biotech Job Openings Rate, 4/2014-9/2015 Monthly Job Openings Rate 3-Month Centered Moving Average Job Openings Rate i 18
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