Analysis of recent graduates from our Biotechnology BS degree program indicates that approximately 50% of our graduates obtained jobs in biotechnology industry upon graduation with the remaining 50% going on to obtain advanced degrees from professional schools such as medical, dental, optometry schools or going on to various graduate schools to obtain MS or PhD degrees in the life sciences. The exceptional opportunities of this modern degree program thus provides maximum flexibility and opportunities to students who have not yet decided what career tracks they want to pursue upon graduation.
In developing this curriculum, the faculty in the Biotechnology program have worked closely with life sciences industry representatives to design a modern state-of-the-art curriculum that is highly valued by the life sciences industry. We have had numerous face-to-face meetings with Chief Scientific Officers and with Human Resource
officers from several corporations. Executives from industry are also members of an
oversight committee for both the graduate and undergraduate programs. Industrial
scientists and executives are frequently invited to present seminars in the Biotechnology Seminar Series where they can interact with students. The inclusion of industrial representatives ensures that the curriculum provides a graduating class that meets the needs and expectations of employers. The advisory board consisting of leaders from various biotech industries provide input on the curriculum as well as serve as
contacts for internships and other opportunities for our students.
The College of Arts and Sciences has also helped us to outfit several teaching laboratory facilities with recently purchased state-of-the-art laboratory equipment. In addition, Biotechnology students undertaking independent research projects have access to equipment in individual faculty laboratories as well as access to numerous departmental affiliated core research facilities (X-ray protein crystallography, light microscopy, electron microscopy, biophysical instrumentation, genomic sequencing, cell sorting, Mass spectrophotometry, Nuclear Magnetic Resonance. etc) that constitute >50 million dollars of recent investment in life sciences infrastructure on this campus.
Demand and Employment Analysis
In 2012, Biotechnology Industry Organization (BIO) in partnership with Battelle Technology released a report on the development of the bioscience industry at a national and state-by-state level. It is clear from the report that over the past decade the employment opportunities in the biotechnology industry, both nationally and in Indiana, have been rapidly increasing (Figure 4). From 2001 to 2010, bioscience industry employment grew 6.4 percent in the U.S., whereas employment in the private sector industry and other leading knowledge based industries such as finance and insurance, aerospace, and information technologies showed decreases ranging from 2.8 percent to 47.3 percent (Figure 2). Not only did employment opportunities increase during this time period, but the average annual wages of bioscience industry workers have increased 13 percent compared with a 4 percent increase in wages for workers in private sector.
Furthermore, the U.S. Bureau of Labor Statistics, projects that employment in bioscience will increase 31 percent from 2010 to 2020 as compared to 14 percent increase projected for all occupations. The growth in the bioscience industry during 2001 to 2010 was widely distributed throughout the nation with 34 states showing growth and Indiana being one of the states with the largest increase (Figure 5).