Has anything changed recently, or is biotech still far less well compensated than software, relative to years of experience and education?
This doesn’t take into account equity, which most bio hires have zero context for and are easily taken advantage of when negotiating. I give equity packages in line with tech standards, but I could have cut them by 3-5X and still been competitive with the standard bio co.
The difference is less profound for tech folks at biotech companies than it is for biotech people. Certainly when I worked at a biotech startup for a year, after leaving FAAMG, I was able to negotiate the same base salary, but base salary is only a part of total comp...