Careers with a Biology Degree and MBA: Combining Biology and Business
Several universities around the country offer dual biology and business graduate degrees. Courses in genetics, molecular and cellular biology paired with management, marketing and international business training open a wide range of employment opportunities in public, private and government agencies.
What Careers Combine Biology and Business?
From a business perspective, a few job possibilities for dual degree holders include project and research management, financial budgeting for scientific testing and development, market analysis for biological products and business analyst for biotechnology companies. According to the U.S. Bureau of Labor Statistics, management positions for biotechnology research teams consisted of 20% of the research and development job market in 2008, providing a link between executive goals and scientific research (www.bls.gov).
The field of biotechnology, the most progressive branch of scientific research according to the BLS, 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 opens 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. 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 (www.aibs.org).
Resources for Biology and Business Majors
The 2010 Agricultural Biotechnology International Conference (ABIC) in Foster City, CA, titled Bridging Biology and Business, stressed global research in the area of agricultural biotechnology. ABIC draws businesses and scientists together to develop innovative ways to advance energy sources around the world and reduce food shortages in struggling countries (www.abic.ca).
Biology in Business, an organization that is part of Cambridge University's non-academic offerings, offers networking, educational events, seminars and career fairs designed to introduce business and science professionals (www.cambridgenetwork.co.uk).
The Future of Biotechnology and Business
According to the 2009 Ernst & Young Biotechnology Report, the biotech industry has risen to the challenge of global funding deficiencies. By focusing its concentration on generic and targeted pharmaceuticals, corporate mergers and the newly passed U.S. health care reform, biotechnologists face opportunities to introduce radical and progressive solutions in scientific advancement (www.ey.com).
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