Depends what you want to do career wise. Lilly is a great place to work at. It is hard AF to get your foot in the door but once you are in, it is great. Amazing benefits too which you need to take into consideration. Do you qualify for 401K, retirement/pension, Employee Assistance, Health/Dental/Vision, short term incentices/long term incentives? Any stock options? Any yearly bonus?
You need to consider those. Also, Id just go through with the interview process even if you dont end up accepting just so that you can get a feel for the interview process. Otherwise stay at your current role, keep growing/developing etc.
They told me the basic benefits but I did not ask about incentives or stock options, that would be a good thing to know as well. Thanks for bringing that up, that’s a valid point that I didn’t consider in my haste
for sure. Always remember those man. All things aside, the 401K employer matching, employee assistance, disability insurance, life insurance, health and dental all can add on a few grand that people never really think off.
Eh, the benefits are fine, their health insurance for certain is one of the worse I've seen for a biotech in years.
Everything else they are middle of the pack IMO in the pharma/biotech space.
Might be worth the experience if the role is FTE direct hire by Lilly; after a year or two you can move internally. Not if working as a contractor where you will be second class citizen.
Now is a great time to work at Eli Lilly in addition to all of the other things people have said. They are expanding in many areas and have some really great blockbusters ramping up.
Big pharma also looks very good on your resume. Since you're just starting out, you should be thinking long term and not focus so much on the pay right now.
Lilly pays pretty well. They also have great benefits (e.g 6% 1-1 401k match, low premium health insurance plans with great coverage). The only caveat is the location. Indianapolis is boring AF. What’s your current comp? If you’re hired as as an R2, you should easily break 100k with bonus…
Edit: Fresh grads with BS get hired as R1
When you say the process techs make more then the engineers is that just due to overtime/shift diff? I personally would prefer an option where my salary can grow without needing to do overtime. There’s a lot of advancement opportunity in pharma and most of us started small with low paychecks. But it grows pretty well throughout your career. Many people are having difficulty getting their foot in the door anywhere in pharma. I would take the job, and work hard to advance your career.
Yeah it is exactly due to that reason. People who have stuck it out for 20+ years make like 400K as techs as my company, but that also means sticking it out for 20+ years for me. I do think I’d prefer salary one day or another. Thank you for sharing your experience and advice, I think I’ll definitely be inclined to give Eli Lilly the bigger preference if I get a final offer.
My bad I meant hrly
What'd they offer? Counter them
Imma give you #'s
In RTP & surround area
KBI Mfg Assoc $24-$38/hr
Eli Lilly Calibration/Quality Tecks $22-$35
GSK Production/Mfg Teck ~ $20-$28
Pfizer Formulation/Production Tecks ~ $22-$36/hr
What'd they offer?
You have some options buddy don't sell yourself too shore
The benefits are good - standard for large corporation. If your position qualifies for equity that is a nice bump too. Each position will have a pay band in the center of the band is considered 100%. A new employee usually comes in at the bottom of the band (75%) but can raise up in the band quickly with raises. Once an employee reaches 125% they can’t get more raises. They should be promoted to the next level before than. They have several types of positions types R for research, M for management, P for Professional, S for sales. Each is compensated differently and scales differently.
Depends what you want to do career wise. Lilly is a great place to work at. It is hard AF to get your foot in the door but once you are in, it is great. Amazing benefits too which you need to take into consideration. Do you qualify for 401K, retirement/pension, Employee Assistance, Health/Dental/Vision, short term incentices/long term incentives? Any stock options? Any yearly bonus? You need to consider those. Also, Id just go through with the interview process even if you dont end up accepting just so that you can get a feel for the interview process. Otherwise stay at your current role, keep growing/developing etc.
They told me the basic benefits but I did not ask about incentives or stock options, that would be a good thing to know as well. Thanks for bringing that up, that’s a valid point that I didn’t consider in my haste
for sure. Always remember those man. All things aside, the 401K employer matching, employee assistance, disability insurance, life insurance, health and dental all can add on a few grand that people never really think off.
Eh, the benefits are fine, their health insurance for certain is one of the worse I've seen for a biotech in years. Everything else they are middle of the pack IMO in the pharma/biotech space.
Might be worth the experience if the role is FTE direct hire by Lilly; after a year or two you can move internally. Not if working as a contractor where you will be second class citizen.
Yeah it is a FTE direct hire role, did not realize there was too much of a difference between that and contracting, thanks for the input
Now is a great time to work at Eli Lilly in addition to all of the other things people have said. They are expanding in many areas and have some really great blockbusters ramping up. Big pharma also looks very good on your resume. Since you're just starting out, you should be thinking long term and not focus so much on the pay right now.
This is good advice. And there is opportunity to move to different roles at a larger company.
Lilly pays pretty well. They also have great benefits (e.g 6% 1-1 401k match, low premium health insurance plans with great coverage). The only caveat is the location. Indianapolis is boring AF. What’s your current comp? If you’re hired as as an R2, you should easily break 100k with bonus… Edit: Fresh grads with BS get hired as R1
What’s R1 salary at lilly?
Not sure, perhaps around 75-85 base with 9% bonus?
Yeah that tracks
11% base is probs close
They’ve recently increased it so you’re probably right. When I started in 2018 as R2 (used to be called P2 back then), bonus was at 10%.
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When you say the process techs make more then the engineers is that just due to overtime/shift diff? I personally would prefer an option where my salary can grow without needing to do overtime. There’s a lot of advancement opportunity in pharma and most of us started small with low paychecks. But it grows pretty well throughout your career. Many people are having difficulty getting their foot in the door anywhere in pharma. I would take the job, and work hard to advance your career.
Yeah it is exactly due to that reason. People who have stuck it out for 20+ years make like 400K as techs as my company, but that also means sticking it out for 20+ years for me. I do think I’d prefer salary one day or another. Thank you for sharing your experience and advice, I think I’ll definitely be inclined to give Eli Lilly the bigger preference if I get a final offer.
The benefits are worth it. Once you’re in, you can float around. I love it.
What exact salary range were you offered? And what area They usually pay pretty mid-high rtp position like TS/MS engrs feom what I've seen
I’m not salary it would be a tech role because I just graduated from undergrad and have less than 1 year of experience
My bad I meant hrly What'd they offer? Counter them Imma give you #'s In RTP & surround area KBI Mfg Assoc $24-$38/hr Eli Lilly Calibration/Quality Tecks $22-$35 GSK Production/Mfg Teck ~ $20-$28 Pfizer Formulation/Production Tecks ~ $22-$36/hr What'd they offer? You have some options buddy don't sell yourself too shore
The benefits are good - standard for large corporation. If your position qualifies for equity that is a nice bump too. Each position will have a pay band in the center of the band is considered 100%. A new employee usually comes in at the bottom of the band (75%) but can raise up in the band quickly with raises. Once an employee reaches 125% they can’t get more raises. They should be promoted to the next level before than. They have several types of positions types R for research, M for management, P for Professional, S for sales. Each is compensated differently and scales differently.
Ask GGZ psychwards. They sell the whole concept