The Workforce Needs of New Jersey’s Pharmaceutical and Medical Technology Industry

"The pharmaceutical and medical technology industry is, and will continue to be, an important part of the New Jersey economy. The industry employs 60,000 people in New Jersey and has an estimated impact of almost $27 billion on thestate’s economy. New Jersey’s educated, skilled workforce is a primary reason for the industry’s success in the state.... This report, based on an online survey conducted in spring 2006 of pharmaceutical and medical technology companies-in New Jersey, identifies the current and future workforce needs of the industry. The State of New Jersey and its educational institutions can use information from this report to develop partnerships and address industry needs," (p.ES-1). (Abstractor: Author)

• "New Jersey higher educational institutions produce a relatively low number of students with several specific degrees in demand by the industry. These degrees include bachelor’s degrees in biochemistry, chemistry, animal science, and marketing, as well as master’s degrees and doctoral degrees in a variety of scientific and business areas" (p.1). • "Companies report particular difficulty in hiring individuals for the following five occupations: product manager/marketing manager, clinical scientist, regulatory affairs manager, medical doctor, and bio-statistician. Medical technology companies, in particular, report a high level of difficulty hiring engineers" (p.1). • "Pharmaceutical and medical technology companies in New Jersey project modest growth across all functional areas during the next four years" (p.1). • "More than half of all jobs in the industry are in corporate administration (32%), sales (10%), and marketing (10%). More than one-quarter of jobs in the industry in the state are in basic research (17%) and clinical development (10%)"(p.1). • "Companies project high levels of growth through 2010 for some occupations, including clinical scientists, public relations managers, regulatory affairs managers, lawyers, and product/marketing managers" (p.1). (Abstractor: Author)

• Last Updated:
• Created:
• Resource Publication Date: 2007
• Author(s): No individual author identified
• Organizational Author(s): John J. Heldrich Center for Workforce Development, Rutgers, The State University of New Jersey
• Funding Source: HealthCare Institute of New Jersey and Member Companies
• Resource Availability: Publicly available
• Posted by: Wesley Peterson
• Posted in: Workforce System Strategies