A common question asked by students and business professionals seeking to enter the biotechnology industry is whether a Ph.D. or MBA would improve one's career prospects. This is the wrong question. There are numerous opportunities for individuals with either, or neither, degree. The choice of what to study depends largely upon an individuals career interests and ability to persevere advanced studies.

In general, research managers should have a Ph.D. in science or a medical degree. Other roles such as marketing, accounting, sales, and human resources do not require an advanced degree in science, but benefit from a business background with an understanding of pertinent biotechnology industry issues.

Examining existing firms can reveal desirable credentials for careers. Many companies list the academic qualifications of their senior management. Job postings also describe necessary qualifications for specific positions.

Because biotechnology companies focus on researching and developing products, Ph.D. degrees are common among researchers and managers alike. Pharmaceutical companies, with a relatively greater involvement in marketing and licensing, require managers with business expertise in addition to those with scientific backgrounds.

In the final analysis, the choice of a Ph.D. or MBA depends upon one's career motivations. These advanced degrees require dedication and passion to successfully attain. Entering a program simply to gain credentials is likely to result in lackluster performance and accordingly poor outcomes. Attaining a Ph.D. requires sustained dedication and working long hours for many years. Beyond time spent in lab, students should be passionate and spend most of their waking hours thinking about their research. The need for dedicated focus beyond a regular 9-to-5 job is the reason why