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Biopharmaceutical and life sciences compensation

2024 pay trends to watch

January 31, 2024
Employers (60% or more) in every industry worldwide have taken or are considering taking the following measures:
  • Compensation review of specific employee populations
  • Full compensation review for all employees
  • Targeted increases for specific employee populations
  • Hire people higher in relevant salary range
Top 3 functions at professional level (P3) with the highest pay across all industries*
Top 3 functions at professional level (P3) ranked according to pay across all industries
*Source: WTW Compensation Survey Reports (August-September 2023)
Rank Brazil China United Kingdom United States
1 Clinical research site startupMedical writing Market access generalist/Multidiscipline Medical imaging
2 Clinical research Platform/Program management Machine learning Technology strategy
3 Clinical quality assurance Biostatistics Artificial intelligence (AI) applications Medical communications/Liaison

A few skills will receive the highest pay premiums across regions
Skills that will demand the highest pay premiums across regions
Source: 2023 Digital Transformation Practices report
Region Skills Pay premium (median in percent of base salary)
Asia Pacific AI/machine learning frameworks 15%
Europe, Middle East and Africa AI/machine learning frameworks 20%
Latin America Cryptography, distributed ledger development, smart contract programing 15%
North America Cryptography, distributed ledger development, smart contract programing 15%

Two percent increase in the number of unique organizations participating in WTW’s 2023 biopharmaceutical and life sciences industry surveys as well as a 2% overall increase in data submissions.