| Topic : Bioinformatics and Computer Applications in Biotechnology |
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Activity:
7 comments
1223 views
last activity : 07 06 2010 20:18:04 +0000
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The bioinformatics jobs market has changed considerably in the past few years and can be attributed to a number of factors, mainly the increase in the number of bioinformatics academic programs, leading to an increase in the number of graduates chasing jobs, the steady decrease in the rate of increase of bioinformatics jobs, and the almost flattening of the amount of investments in the biotechnology sector.
All this have led to an increasingly harder market for recent graduates. The increases of number of jobs candidates has led employers look more to experience, as compared to the nineties when just possessing the necessary skills was enough to bag the candidate the job. There has also been a significant shift, with a increasing number of academic jobs and decreasing number of industry jobs, as compared to a few years back.
However it is not all bleak news for bioinformatics, there is still a wealth of biological information out there to be deciphered, and there also be an increase in the number of bioinformatics research programs, so in some years to come, some of the research would begin to filter into the industry, as many innovations nowadays seem to begin in the research labs (look no further than Yahoo! and Google). Also the bioinformatics market despite everything is still growing worldwide and is expected to surpass the 50 billion dollar mark soon.
The pharmaceutical industry tends to be the major employer of bioinformaticians, although biotech companies, especially those involved personal care products, industrial organisms and agriculture have seen bioinformatics play a more important role in their industry.
Biotech companies have received a lot of bad press in the past few years as many have apparently failed to deliver on the promises of “money printing” products. This has led to a decrease in the rate of investments in biotech companies. However there are signs while the biotech companies may be down, they definately not out and as many consolidate thier efforts to produce the goods, the question is not whether they can do it but when.
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