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Innovation managers, the most highly valued in the healthcare sector

Research and development managers in the life sciences sector can go from an initial annual salary of around $35,800 (€30,000 to more than $71,600 (€60,000) six years later. Overall, the logistics and transport sector, one of the most dynamic, offers very well paid positions, such as that of the supply chain manager. On the other hand, salaries in Madrid, Barcelona and Bilbao are on average 9% higher than in Valencia, Seville and Malaga.

Eva Wesley

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Innovation managers are the most highly valued in the healthcare sector. Research and development managers in the life sciences sector can go from a starting annual salary of $35,800 (€30,000) to more than $71,600 (€60,000) six years later, according to the Salary Trends Report, prepared by Randstad Research. 

The sector also offers good opportunities for intermediate profiles, such as business unit manager, key account manager, market access or medical advisor. The life sciences sector employs 214,500 people in Spain, which represents 1.1% of the country’s workforce. Life sciences is one of the most dynamic sectors with the most highly qualified profiles, according to the report. During the last year, an increase of 20,500 jobs was recorded. In total, nearly 85,000 contracts were signed in 2020, 80% of them temporary and the rest permanent.  

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The life sciences sector increased by 20,500 jobs in 2020, to more than 200,000 workers

For its part, the healthcare sector employs 1.8 million people, 9.3% of Spain’s workers. During 2020, healthcare experienced growth of 3.3%, which translates into 57,000 more jobs, the study notes. In the last year, the sector signed 1.16 million contracts, most of them temporary, accounting for 7.3% of all hiring. In terms of salaries, the sector is made up of watertight profiles with few increases in remuneration over the years. 

Positions such as auxiliary nurse, orderly, physiotherapist or social worker can have a starting salary of around $21.450 (€18,000) that after six years in the profession barely exceeds $23.800 (€20,000). The report stresses not to overlook training and the improvement of employability in order to opt for other professional categories. 

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The healthcare sector is characterized by watertight profiles with little increase in remuneration 

Overall, the logistics and transport sector, one of the most dynamic, offers very well paid positions, such as that of the supply chain manager. 

On the other hand, salaries in Madrid, Barcelona and Bilbao are on average 9% higher than in Valencia, Seville and Malaga. “The best investment we can make is in training focused on professional skills and improving employability,” said Valentín Bote, director of Randstad Research. The executive added that we should bet on “training that is linked to our professional career, which allows us to respond to the needs of the labor market and access to higher categories.”

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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.