As the medical research world expands, students with advanced degree in biochemistry are increasingly in demand. While the academic research opportunities are expanding as grants and foundations provide increased funds for new tests, the largest growth in new jobs are in medical research. Students learn valuable skills in organic chemistry, enzymology and protein research, which allows them to qualify for a number of jobs in the biotechnology and chemistry research areas. Today, major pharmaceutical companies are hiring master’s students in biochemistry to work on research on chemical pathways to develop new drugs and treatments.
It’s important to have a solid background in statistics as well, as research labs require not only experimentation but presentation of results in a professional manner. A growing number of legal firms also hire chemical graduate students to assist with case research, on an independent consultancy or dedicated advisory basis.
Students with biochemistry master’s degrees can earn above $60,000 in private industry, with less competitive rates in academic research. For students with an active research portfolio, compensation will generally be much higher.