<p>I am a biomedical research scientist familiar with both academia and industry.</p>
<p>Just to clarify, a minimal degree required for a research technician (research associate in industry) is a B.S. / sometimes M.S. The job is mostly technical, but its possible to become a lower rank scientist or a facility manager with those degrees. Its extremely important to have some undergraduate research experience or research internships in order to find a first job. In industrial settings, responsibilities are usually limited to a relatively narrow and specialized technical field. Its essential to be extremely accurate, organized, have a lot of patience and attention to details. Generally, it is much easier to find employment being a BS or MS, rather then a PhD.</p>
<p>It takes a PhD + post-doctorate to become a principle investigator, project leader or group leader. It is very common to switch research fields between graduate and postgraduate appointments, however postdocs are usually hired for their first real job within the same area of expertise (thus, it helps to plan ahead). This career track is much more demanding and unpredictable. It is helpful and often essential for a postdoc to work in a reputable research institution, have impressive publications and a well-known research advisor with connections. The good news is that good postdocs are in very high demand and generally its not very difficult to land a postdoctoral job in a reputable lab. Connections in general are extremely important in research world and they are nurtured by the very nature of this field including collaborative research, invited seminar speakers, scientific meetings etc. It is tremendously important to develop excellent presentation and communication skills. The real job interviews always involve giving a seminar and being interviewed by multiple scientists.</p>
<p>Another extremely competitive and lucrative career track is receiving a joint MD / PhD degree. This takes about 7 years plus postdoctorate and/or medical fellowship. The benefits include full scholarship (no medical school tuition), flexibility in career choice and hugely improved chances of employment in biomedical R&D field. It is also possible to a work in clinical research related to clinical trials and such. </p>
<p>Another career track worth mentioning is administrative and management. It can be pursued with undergrad, grad and post-grad degrees and include scientific administrative assistant, project coordination and management, science liaisons, editorial etc. Some people eventually get an MBA and enter business career track in biotech / pharma industry. </p>
<p>Once your are on track, the field is extremely diverse, exciting and presents endless opportunities Get ready to study for your entire life the field changes extremely rapidly and its very easy to suddenly find yourself out of touch. The biggest disadvantage, in my opinion, is being unable to work part-time, to take several years off or to explore different careers. Once you are out for several years, the grasp is lost and its almost impossible to return.</p>