MM+M 2020 Career & Salary Survey Premium Edition
Is healthcare marketing really a recession-proof profession? If this year’s compensation trends are any indication, the answer is mixed.
Is healthcare marketing really a recession-proof profession? If this year’s compensation trends are any indication, the answer is mixed.
This issue includes the 2020 Career and Salary Survey, a feature on nurse practitioners and physician’s assistants, agencies transitioning to virtual work and more.
Respondents to the annual MM+M/AbelsonTaylor Career and Salary Survey report a 12% drop in average salary in 2020. Whether that’s attributable to COVID-19 or a sign of darker days to come is anybody’s guess.
Jay Carter is EVP and director of business development at AbelsonTaylor.
About 3,000 executives took pay reductions of up to 20% for three months.
BCW CEO Donna Imperato is one member of the executive committee.
The MM&M Career and Salary Survey shows the average salary for pharma marketing execs is up 12%, and the annual pay for marketing directors reached new heights.
Salaries surged 4.8% in 2018 and are up 18.2% the past two years. But while respondents report a high degree of job satisfaction, a growing gender gap in salary remains a black eye for the business.
Shrinking the gender pay gap in life sci marketing will take a concerted effort.
WPP’s former chief executive Sir Martin Sorrell was paid a (relatively) measly £13.9m by the company in 2017, its annual report shows.