Industrial Chemistry Careers

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Industrial Chemistry Careers

• Amy M. Comeau
• August 15, 2001

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Education and Work Experience

• Education
• B.S. Chemistry, Stonehill College, 1997
• M.S. Chemistry, Northeastern University, 2002
• Work Experience
• 1997-1998 Analytical Chemist Pharmaceutic
  als Sepracor, Inc.
• 1998-present Chemist Analytical Chemistry
  The Gillette Company

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Todays Agenda

• Part I Introduction
• Part II ACS Salary Employment Survey
• Part III Business 101
• Part IV Non-technical skills

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Part I

• Introduction

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Graduate school??
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More Decisions?
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Career Purpose Goals
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Why work in industry?

• Rewards
• Monetary
• Recognition
• Professional Growth
• Challenges
• Applications of knowledge
• New learning opportunities
• Multidisciplinary

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Industrys Goal

• Market a Product for a Profit

Ingredients for Achieving Goal An Idea with a
Practical Application Customer Demand A
Developed and Manufacturable Product
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Concept-to-Launch

• An effective development and implementation
  process for new products and technologies to meet
  current and future needs of the business

• Objectives of Concept-to-Launch Philosophy
• Achieve faster speed to market
• Design for manufacturing
• Add value
• Eliminate waste
• Free up resources

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Various Applications
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Various Organizations

• R D
• Discovery
• Development
• Analytical
• Clinical
• Toxicology
• Metabolism
• Formulation
• Regulatory

• Manufacturing
• Marketing
• Human Resources
• Project Management
• Law
• Information Management

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Organizational Charts
An Example.
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Two Track Systems
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Titles
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Grade Level Guidelines
Sr. Staff Scientist/Research Fellow
Staff Scientist
Grade Level
Sr. Research Scientist
Research Scientist
Sr. Associate Research Scientist
Associate Research Scientist
Assistant Research Scientist
Years Experience
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Classifieds

• Provides job description
• States specific terminology
• Utilizes acronyms
• Lists necessary requirements

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Part II

• ACS Salary Employment
• Survey

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ChemCensus 2000

• Survey sent to all ACS Members (94,100)
• Response rate was 51
• Median Salary
• 70,000
• 2.9 annual increase
• Consumer Price Index increased 3.0

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General Statistics

• By Highest Degree
• 59.5 Ph.D.
• 17.4 M.S.
• 22.1 B.S.
• By Employment
• 62.2 Industry
• 24.0 Colleges Univ
• 7.4 Government
• 4.7 Other Nonacademic
• 1.7 Other Academic

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Median Salaries by Degree
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Median Salaries by Sector
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Industrial Chemists
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Employer Size
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Academia

• Full professor 85,100
• Associate professor 56,000
• Assistant professor 49,200
• Ph.D.-granting schools, 9-10 month contract,
  median salaries

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Unemployment

• As of March 2000
• 2.0 unemployment rate for chemists
• 3.7 unemployment rate for all of U.S.
• Ten years ago (1990)
• 1.1 unemployment rate for chemists
• Lowest rate of decade

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ACS Women Chemists
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2001 Top-Line Results

• Most recent survey of 20 ACS Membership
• Median salaries
• B.S. 55,000 3.6
• M.S. 65,000 4.8
• Ph.D. 82,200 4.1
• All chemists 73,000 4.3
• Inflation 2.9

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2001 Survey

• Unemployment is down
• 2.0 in 2000
• 1.5 in 2001
• Women chemists, 24.8
• consistent with 2000
• Complete report in CEN
• August 20, 2001 issue

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Other ACS Surveys
Starting Salary Survey 1998-99 Chemistry graduates
Median Salaries, Thousands
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Todays Chemist at Work

• Industry trends for new graduates
• Pharmaceutical biotechnology industries
• 1999 graduates entering industry
• 61 B.A./B.S.
• 73 M.S.
• 71 Ph.D.
• Wages are increasing
• Job Market is strong

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Industries for New Graduates
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Part III

• Business 101

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Powerful positions

• The Board of Directors
• Elected by shareholders Set policies
• Provide overall direction Oversee operations
• Approve major initiatives

The Shareholder/Stockholder Individual who owns
shares/stock in a corporation
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Officers

• Chief Executive Officer (CEO)
• Responsible for activities of a company
• Often held by Chairman of the Board or President
• Chief Operating Officer (COO)
• Responsible for day-to-day management
• Chief Financial Officer (CFO)
• Responsible for financial affairs

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Combinations

• Mergers
• Combination of two
• or more companies

Acquisitions One company buys another
Joint Venture Combination of two companies for a
specific project -Assess technology -Finance
risky projects -Leverage expertises
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Accounting

• Accounts Payable
• Amounts owed by a company to another for goods or
  services it has received

Accounts Receivable Amounts due to a company from
another for goods or services it has supplied
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Capital

• Assets
• Anything owned by a company with monetary value

Capital Assets Tangible items used in operating a
business but not consumed in course of operations
Appreciation Depreciation Increase in value
of Reduction in value of an asset asset over
useable life
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Profits

• Gross Profit
• Excess of revenues over cost of goods sold

Gross Profit Margin Gross Profit ? Net Sales
Profit Margin on Sales Net income ? Net sales
Return on Investments Net income ? Invested
capital
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The Stock Market

• Initial Public Offering (IPO)
• First offering of companys shares to public
• Used to generate funds or pay off debt

Market Indices Provides indication of the general
trend in the stock market Examples Dow Jones
Industrial Average, NASDAQ, Standards and Poor
500 (SP 500)
Stock Split Additional shares are issued to
shareholders in proportion to existing
holdings Ex 1000 shares _at_ 10/share ? 2000
shares _at_ 5/share
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Additional Resources

• www.finance-glossary.com/
• www.quicken.com/glossary
• www.moneywords.com
• www.washingtonpost.com/wp-dyn/business/specials
• /glossary/index.html

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Part IV

• Non-technical Skills

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Non-technical skills
Technical knowledge
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Adaptability

• Definition Maintaining effectiveness and
  adjusting during changes

• Behaviors
• Tries to understand changes
• Approaches changes or newness positively
• Adjusts behavior

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Innovation

• Definition Generating innovative solutions,
  using novel approaches to solve problems

• Behaviors
• Challenges paradigms
• Leverages diverse resources
• Thinks expansively
• Evaluates multiple solutions
• Ensures relevance

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Building a Successful Team

• Definition Using interpersonal skills to build
  a cohesive team focussed on team goals

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Seeing is believing.
Multidisciplinary Teams
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Oral Communication

• Definition Clearly communicating information
  while engaging the audience (with oral media)

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Written Communication

• Definition Clearly communicating information
  while engaging the audience (with written media)

• Behaviors
• Organizes the communication
• Adjusts to the audience
• Adheres to accepted conventions

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Strategic Working Relationships

• Definition Building collaborative relationships
  needed to accomplish goals and objectives

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Customer Focus

• Definition Focussing on customer needs, building
  productive relationships

• Behaviors
• Seeks to understand customers
• Educates customers
• Builds collaborative relationships
• Takes action to meet customer needs and concerns
• Sets up customer feedback systems

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Drive for Results

• Definition Demonstrating a sense of importance

• Behaviors
• Shows a strong sense of purpose
• Persists in efforts
• Displays a sense of urgency
• Sets standards of excellence
• Encourages others to take responsibility

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Decision Making

• Definition Understanding issues, using available
  resources to decide on actions to take

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Assignment

• Choose two or three non-technical skills
• Devise your plan to develop or improve these
  skills during graduate school
• Include the following three action steps
• Acquire-How will you learn about the skill?
• Apply-How will you practice the techniques you
  learned?
• Assess-How will you evaluate your progress?

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Did we achieve todays goals?

• ACS Salary Employment Survey
• A valuable resource for information regarding
  employment trends
• Business 101
• Industrys goal Profit
• Understand your role in achieving this goal
• Non-technical skills
• Develop these skills for a successful career
• Start early!

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Acknowledgements

• Advice and Mentoring
• Pam Mabrouk, Northeastern University
• Jennifer Jo Wiseman
• Pamela Zupkosky The Gillette Company
• Jill Johnson
• Donald Kessler, Sepracor, Inc.
• Recruiting Presentations
• Thea Barbarakis, Bayer Diagnostics
• Ron Webb, Proctor Gamble