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TOYS $$$ Education Write down ONE thing from each slide. Title your paper “Toys $$$ Education”...
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Transcript of TOYS $$$ Education Write down ONE thing from each slide. Title your paper “Toys $$$ Education”...
TOYS $$$ Education
• Write down ONE thing from each slide.
• Title your paper “Toys $$$ Education”
• Place your name, pd, date, etc on paper
Opportunities
in
BIOTECHNOLOGY
Biotechnology Facts
• Biotech includes medicines such as: Asprin, Tylonol, cancer drugs, etc.
• More than 250 million people have received biotech drug products and vaccines in the US. (305 million people live in the US)
• Biotech crop acreage estimated at 125 million acres
Biotechnology Facts
• 1200 biotechnology companies in the U.S.
• U.S. biotechnology industry employs 150,000 people
• $10.7 billion spent on R&D in 2000
• Revenues of $35 billion
0
5
10
15
20
25
30
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
$
Source: Ernst & Young
Exhibit 9: Biotech Revenues Increase(public and private)
Ind
us
try
Re
ve
nu
es
($
in
Bil
lio
ns
)
Year
Diagnostics/Radiopharmaceuticals/Contrast Agents 4%
Ophthalmic/Ophthalmologic/Eye 4%
Vaccines/Adjuvants 4%
Gynecological & Genito-Urinary 3%
Other 15%
Cancer 28%
Sources: NDA Pipeline, Ernst & Young
Exhibit 11: The Biotech Pipeline: Phase III Trials
Respiratory/Pulmonary 5%
Metabolic 5%
Blood & Coagulation 6%
Cardiovascular 6%
Infectious & Viral Diseases 9%
Nervous System 11%
Source: Ernst & Young
Years
0 16842 6 10 12 14
Post-Marketing Testing
FDA Review & Approval
Phase III (1,000-5,000 patients volunteers used to monitor reactions to long-term drug use)
Phase II (100-300 healthy volunteers used to check for efficacy and side effects)
Phase I (20-30 healthy volunteers used to check for safety and dosage)
Preclinical Testing(Lab and animal testing)
Discovery(2-10 years)
Overview of the Drug Discovery Process
Source: Ernst & Young
5,000 to 10,000 compounds screened
250 lead candidates in preclinical testing
5 drug candidates enter clinical testing: 80% pass Phase 1
30% pass Phase 2
80% pass Phase 3
One drug approved by the FDA
Overview of the Drug Screening and Selection Process
What Does Industry Look For in an employee?
• Ethical
• Energetic
• Creative
• Good training in fundamentals of scientific inquiry
• Relevant background in specific discipline or field
• Good "people skills"– communication– team orientation
• Scientific Method/Experimental Design A
• Technical Competence A
• Communication:
Scientific hypotheses/data/results A-C
As member of interdisciplinary team C-
Project/team leadership & mgmt. D
Academic Training:An Industrial Report Card
What Kinds of Teams Do You Find in a Biotech Company?
• Project Teams (Research)• Product Development Teams• Money Raising Teams• Business Development Teams• Marketing and Sales Teams
Characteristics of Great Teams
• Great teams have to work together
• Members have a common vision
Characteristics of Great Teams
• Studies have shown that optimists - even when their optimism isn’t warranted - accomplish more than people who are pessimists.
Characteristics of Great Teams
• On great teams, the right person has the right job. It’s absolutely essential to find the right niche for each person or to let them find their own perfect niche.
• Great teams are not micro-managed.
Characteristics of Great Teams
Characteristics of Great Teams
• Share information effectively.
Income
• What is the average pay for a person that doesn’t finish HS?
• Only finishes HS?
• Finishes 2 more years of school?
• Finishes 4 years of school after HS?
No High School
• Own boss Millions to bankruptcy
• $40,000 - $80,000 - $1,000,000+
• ??????????
• Fast food $5,000 - $15,000• Work for Family ?
• Do they want you to work for them ???
High School degree
• Non specialized + doing what others tell you to do everyday $20,000 - $40,000
• ???
What about that job at the mills my parents got right out of high school?
• The mills are highering fewer people. All new highers have education beyond high school.
• You need a college degree. LCC has a 2 year program that’ll get you a job.
After High School
• What are your options after HS?– Bum, fast food worker, live with parents– Community College, LCC– Trade school, Perry tech– Military, training and $$$– Americorps, Jobcorps– 4 year College, UW
Americorps, Jobcorps
• Americorps: You are volunteering for 1 year and get paid a small amount of $. You get training and experience for your resume.
• .
• Jobcorps: You get trained for a future job. Everything is paid for if you are doing what you’re told. No extra pay but you get experience and training for a future job.
Trade / AA degree, 2 yrs
• Factory laborer $20,000 - $65,000
• Mechanic, Electrician, Plumber
• Nurse, Message therapist, Secretary
• $20,000 - $80,000
• Store Manager $30,000 - $80,000
• ???
Military
• They pay for your training and give you a paycheck $30-50,000/yr.
• You do what they want you to do.
• You may be deployed to a war zone.
• You serve your country for 4 years.
• You have specialty training and can probably get a job when you’re done.
College, 4yrs
• Specialized in a field
• Education $35,000 - $65,000
• Environmental $25,000 - $95,000
• Business $30,000 - $100,000
• ???
Masters / PhD, 2 yrs each
• Doctor $100,000 - $300,000
• Lawyer $60,000 - $400,000
• Director of business$80,000 - $160,000
• VP of a business $120,000 - $500,000
• CEO / Boss $280,000 - $800,000+
What do you want?
• Want Need for Income• Apartment $1500/mo $25,000
– (what education do you need to afford an apartment?)– (If you have a roommate and share $, what education do you need?)
• House small 3 bedroom $45,000» ($220,000)
• House medium 3 bdrm $65,000» ($270,000)
• House w/land, 10 acres ($350,000 +) $75,000• Large house $100,000+
» ($400,000+)
Toys
• Want Extra Income needed• Nice car $5,000 extra/year
» New car ($25,000)
• Boat $5,000 extra/year• Wave runner, motor bike, 4 wheeler $3,000 extra/each
» ($3,000 each + supplies)
• Vacations $1,500/person in family» ($1,500 min to Hawaii, Vegas, Disneyland)
• Get Married $5,000-20,000 more• New clothes, eat out, etc $???,???
Retirement??????????
• Do you plan on working your entire life?
• Are you saving money so you can retire when you are 65 years old? Add $5,000+/yr
• What if your car breaks down? $1,000
• What if you get sick? $1,000-$10,000
Education level
• 1. Add up what you want in the future in regards to the income you’ll need to have.
• 2. What education level will you need and how many years till you’ll probably get there?
• Answer ____________________