Average salary for Medical Science Liaisons and MSL Management in the U.S.
The Medical Science Liaison Society recently completed its 2nd annual global Medical Science Liaison salary and compensation survey. The 2015 survey revealed a range of salary-related data in the U. S. The principal drive behind the survey was to gain a better awareness of the current MSL and MSL Management salary and compensation levels for individuals employed within the pharmaceutical, medical devices, biotechnology, and other healthcare companies.
There is a number of key aspects to recruitment and retention of the most qualified MSLs and MSL managers, but salary remains one of the most important. However, no reliable nor robust data on MSL salary and compensation levels was available before the MSL Society’s MSL Salary & Compensation Survey. The 2015 survey includes responses from 1,259 professionals working as an MSL or MSL manager across 69 countries, making it the largest, most reliable global MSL salary database.
While recruitment and retention of the most suitably skilled and knowledgeable team members rely on numerous factors including working conditions, job satisfaction and the opportunity for development and advancement, salary and compensation remain one of the key elements in attracting the right people. Compensation for both MSLs and MSL managers is influenced by company type, specific role, and longevity of the career. The survey results indicated, as would be anticipated, MSLs with 15 or more years of experience are paid much more than MSLs new to the role. The survey also specified that the further up the promotion scale an individual was the larger the pay difference became. Finally the survey and results established the avaergae salary for MSLs overall, new MSLs as well as MSL management in the U.S.
To learn more about the starting and average salary among MSLs and managemet in the U.S., read the full published article in the March issue of THE MSL here: http://themsljournal.com/article/study-reveals-average-salary-starting-salary-levels-medical-science-liaisons-msl-management-u-s/
(The full 2015 Salary and Compensation Report is available to all members of the MSL Society on the society website.)