Indian pharma scientists commanding U.S. wages – in India
Interesting post from the Business Standard: Pharma R&D heads call the shots. They report that top pharma scientists in India are commanding wages at or near U.S. rates with significant perks such as the operating in the U.S. for six months or round-trip tickets for their families.
The impact of this strong compensation is that it begins to erode the strong financial incentive to offshore work to India. It is also a sign that India’s pharmaceutical industry is maturing. Note that while top scientists are well compensated, their compensation is an order of magnitude greater than that of second- or third-level scientists.