Amid sliding salaries, industry execs antsy to move

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Description: Four in 10 pharma sector employees are looking to move amid sliding salaries and advancement prospects, according to MM&M's Career & Salary Survey 2008. Despite a general hemorrhaging of sales forces last year -- in May, the Associated Press reported seven major pharmaceutical companies had cut work forces by 10% or more -- manufacturer salaries dropped 8.1%, while agency salaries fell 7.6%, according to MM&M's survey. In 2008, that held true for only two sectors: biotechnology and managed care. Average salaries in biotech grew by 9.1%, to $153,407, representing the highest average salary of any sector.
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