Biology and Business Careers
Holding degrees in both biology and business may lead to a career as an entrepreneur, scientist, or project manager. There are a variety of professional organizations that offer valuable resources for workers in biology-related industries.
A few business-focused job possibilities for graduate dual-degree holders in biology and business include project and research management, financial budgeting for scientific testing and development, market analysis for biological products, and business analyst for biotechnology companies. Professionals who are more scientifically inclined may work to research and develop innovative products and solutions for diverse scientific industries.
Many graduates of business and biology programs go into the field of biotechnology. According to the 2017 Ernst & Young Biotechnology Report, annual revenues in the biotechnology industry in the United States were about $139.4 billion. There were 708 public companies in the field, employing 203,210 individuals.
The field of biotechnology offers entrepreneurs possibilities to enter the world market with groundbreaking products in the pharmaceutical, renewable energy, or agricultural industries. A focus on energy and food supplies and the rapid breakthroughs in drug treatments open the doors for new companies with improved solutions or new divisions at existing corporations.
Companies such as Bristol-Myers Squibb, Bayer Corporation, and Unimed Pharmaceuticals seek biochemical and biomedical scientists for new product and research development. A bachelor's degree in biotechnology can provide the background necessary for a job as a biological technician, while a graduate degree can enable individuals to advance to higher research scientist positions. A business degree may help scientists determine what type of products to study, based on market demands.
With an MBA, biology degree holders may also find positions as project managers within the pharmaceutical industry. These professionals oversee the business-related aspects of product development, like project timeline, risk management, and quality control.
Resources for Biology and Business Majors
There are several professional organizations that can provide valuable resources for individuals who are educated in both biology and business. The annual Agricultural Biotechnology International Conference (ABIC) draws businesses and scientists together to develop innovative ways to advance energy sources around the world and reduce food shortages in struggling countries. The Biotechnology Innovation Organization (BIO) is a biotechnology training organization that includes many companies involved in research and development. The American Institute of Biological Sciences details career options for biology students with an interest in business. The organization provides networking, education, events, and job postings for biology and business students and professionals.
There are several jobs in which individuals can utilize their expertise in both biology and business, including market and business analysis, scientific testing, and research management. Industry organizations may offer opportunities to support professional success.