- Most of the time, biotech projects require outside funding for research and development work. By being associated with a large biotech firm, you are more likely to assure adequate funding for your projects. Put simply, working with a well-known firm with a good reputation makes it easier for you to get external funding.
- Large biotech firms typically undertake a wide range of projects. Working with a large firm allows you to specialize in your specific area of interest within the broader biotechnology field.
- Large firms offer more roles and responsibilities and have better opportunities for career advancement. Such opportunities not only enable you to upgrade your professional skills and knowledge but also help you develop managerial and interpersonal skills.
- Large firms allocate a decent amount of their budgets towards new equipment and technology to facilitate their research and development work on new projects. As such, in a large firm, you are more likely to learn about the latest technology and more likely to get to use it for your research. You are less likely, conversely, to need to rely on outdated equipment.
- Large firms typically realize the importance of helping their employees upgrade their knowledge and skills in order to stay ahead of the competition. Accordingly, larger firms regularly allocate resources and time for employee training and development. With a large firm, you typically get more opportunities to upgrade your knowledge by attending seminars, training programs, and lectures related to your field. You are encouraged to pursue further education, attend workshops, and write papers, all of which add to your professional strengths.
- A large firm generally hires talent from different institutes and locations. As such, you are more likely to have a ready resource for knowledge-sharing, learning, and discussion with peers and seniors within your organization. The experience and knowledge of colleagues can help you tremendously when it comes to avoiding mistakes or taking corrective actions in your research work.
- Working with a large biotech firm typically offers you better stability in terms of both funding and the job itself. Larger firms are more capable of remunerating you generously, too.
- Employment with a well-regarded biotech firm increases your worth in the job market.
- A larger firm will typically offer a better work-life balance, leaving you enough quality time with your family while still offering you professional growth.
As in other industries, bigger biotech firms make more resources available for their employees and their consistent development. With knowledge and skill enhancement playing an important role in the biotech industry, biotech professionals can benefit greatly by being associated with a strong biotech firm rather than a small start-up firm.
If you prefer a structured environment, if you would like to specialize, and if you want to learn from the best, a large biotechnology company might be a good fit for you. In addition to professional opportunities, larger biotech firms usually offer better pay and benefits than smaller companies, and they are more stable and secure.