Tell The Kids: 10,000 Jobs at Pharma Companies

If -- after four years at an Ivy League school, or some fine public institution – your genius offspring is lying on the couch and, when pressed, assuring you there are no good jobs to be had, pass the URL to this encouraging jobs survey along to the little ingrate:

We came across these nearly 10,000 jobs at ten major pharmaceutical companies thanks to our friend and contributing editor, Ed Silverman at Pharmalot. Ed’s take on the list is here. Ed more frequently writes about layoffs at Pharma companies, as drug rep rolls are slashed in line with expiring patents on big-selling drugs.

Genetic Engineering & Biology News perused drug company web sites for job openings and, voila, found huge hiring needs: Novartis (NVS) 2,740 openings; Roche 1,450 openings; Sanofi (SNY) 1,427 openings; Pfizer (PFE) 815; GlaxoSmithKline (GSK) 733; Johnson & Johnson (JNJ) 655; AbbVie (ABBV) 555; AstraZeneca (AZN) 544; Eli Lilly (LLY) 484; and Bristol-Myers Squibb (BMY) 368.

NVS Revenue TTM Chart

NVS Revenue TTM data by YCharts

As you can see from these two charts, several of these companies have suffered outright sales declines due to patent expirations and the failure of company labs to develop enough new medicines.

JNJ Revenue TTM Chart

JNJ Revenue TTM data by YCharts

NVS Profit Margin Quarterly Chart

NVS Profit Margin Quarterly data by YCharts

But even in these tough times, profit margins are lush in the drug business and, one presumes, that might still make them hospitable places to work.

JNJ Profit Margin Quarterly Chart

JNJ Profit Margin Quarterly data by YCharts

Jeff Bailey, The Editor of YCharts, is a former reporter, editor and columnist at the Wall Street Journal and New York Times. He can be reached at editor@ycharts.com. You can also request a demonstration of YCharts Platinum.

Read more articles about: Economic Watch  

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