>>13241285Biotech is very new and has not yet fully developed into a well-rounded industry. And there are not traditional or clear career paths to young people entering the industry.
Most biology undergrads are premed/prevet wannabes who washed out. They are abundant and often aren't passionate about their field. A lot of entry-level lab jobs don't pay very well compared to other fields such as computer science or types of engineering because there are lots of biology grads. They're a dime a dozen and competition is high so employers can get away with offering lower wages. There are also other factors:
If they're a biotech company, they're likely a startup and are lucky if they have funding. If it's an academic setting, your pay is based on grant funding which is hard to get and not extensive. If you work for the government, again they pay you with taxpayer money so don't usually have a lot to give out. There are only a handful of jobs/industries within the field that offer respectable pay, and these are often very specialized.
It's just not as lucrative or held in high respect or as high-paying as other sciences that are out there. Biotech may be the "next big thing" but it is not the big thing now.
