Certificate programs in biotechnology management are in most cases a mix of science and business concepts. Programs are available at the certificate and master's degree levels, although year-long certificate programs are relatively rare compared to 2-year degree programs. Biotechnology management fields include marketing and branding and crisis management. Programs are also available online. Applicants must have a bachelor's degree, preferably in biological sciences and previous business courses.
Certificate in Biotechnology Management
Certificate programs are shortened versions of biotechnology management master's degree programs consisting of 4-6 courses. Possible course titles include the following:
- Biotechnology social issues
- Biotech development process
- Early stage drug commercialization
Master's Degree in Biotechnology Management
A master's degree program in biotechnology management engages life science research as both a process of knowledge acquisition and as a business activity. Finance, technological innovation, business competition and public policy in the biotech industry and the interaction between these factors are the primary topics considered in a program. Some have collaborative relationships with leading companies in the industry through which students can take part in hands-on projects. Courses in genetics, biochemistry and molecular biology are a core component of some programs. Others may require courses in bioinformatics and project management. Students will be versed in these areas during their graduate work:
- Global management of pharmaceuticals
- Managed care concepts
- Biotechnology industry review
- Biotechnology research projects
- International pharmaceutical marketing
- Biotechnology regulation policy and ethics
Employment Outlook and Salary Info
The U.S. Bureau of Labor Statistics (BLS) reported that biochemists and biophysicists may have an 8% job growth for the years 2014-2024. These workers made median annual wages of $82,150 as of May 2015. Graduates of a certificate program can advance an existing career or transition to new opportunities in the life science industry. Entrepreneurial and management-level positions are available to certificate holders in the following areas:
- Business development
- Product development
- Venture capital
Continuing Education Information
People who earn a graduate certificate can apply their credits towards a master's degree in many cases. A few schools having both certificate and master's degree programs in biotech management accept transfers from one to the other automatically.
Those interested in continuing their education in biotechnology management can complete a master's degree or a shortened certificate program. Throughout these programs, students complete interdisciplinary coursework and research that prepare them for supervisory-level positions.