{"id":100546,"date":"2024-10-25T16:03:58","date_gmt":"2024-10-25T20:03:58","guid":{"rendered":"https:\/\/www.bumc.bu.edu\/gms\/?page_id=100546"},"modified":"2025-07-07T15:13:28","modified_gmt":"2025-07-07T19:13:28","slug":"business-development","status":"publish","type":"page","link":"https:\/\/www.bumc.bu.edu\/gms\/students\/professional-development\/career-exploration-transition\/business-development\/","title":{"rendered":"Business Development"},"content":{"rendered":"<h3 style=\"text-align: left;\"><strong>Introductory Resources<\/strong><\/h3>\n<ul>\n<li><a href=\"https:\/\/biotech.ucdavis.edu\/blog\/business-development-bd-non-traditional-career-path-phds\" target=\"_blank\" rel=\"noopener noreferrer\">Why consider Business Development as a PhD?<\/a>, UCDavis Biotechnology article.<\/li>\n<li><a href=\"https:\/\/www.lifesciencesmarketing.nl\/biotech-business-development\/\" target=\"_blank\" rel=\"noopener noreferrer\">What is Biotech Business Development?<\/a>, JPP Life Sciences Marketing article.<\/li>\n<li><a href=\"https:\/\/phdcareerstories.libsyn.com\/125-carving-your-own-path-from-a-phd-to-the-director-of-business-development-with-martin-trinker\" target=\"_blank\" rel=\"noopener noreferrer\">Carving your own path: from a PhD to Director of Business Development<\/a>, PhD Career Stories Podcast.<\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=nV1IgijaQl8\" target=\"_blank\" rel=\"noopener noreferrer\">Business Development in the Pharma Industry, with Erin Denny, PhD<\/a> &#8211; YouTube video.<\/li>\n<\/ul>\n<h3><strong>Venturing further in this career area<\/strong><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.biotechcareercoach.com\/episode\/22\" target=\"_blank\" rel=\"noopener noreferrer\">From Science to Business, 39-min Career Chat<\/a> &#8211; Biotech Career Coach Podcast.<\/li>\n<li>Career Panel Discussion &#8211; <a href=\"https:\/\/www.youtube.com\/watch?v=7VYSDeh2whw\" target=\"_blank\" rel=\"noopener noreferrer\">From PhD to Business, Brown University<\/a> (YouTube video).<\/li>\n<li><a href=\"https:\/\/youtu.be\/I0KljD6m9t4\" target=\"_blank\" rel=\"noopener noreferrer\">Business Development in the Biopharmaceutical Industry,<\/a> African Pharma Network (YouTube video).<\/li>\n<li><a href=\"https:\/\/www.bcg.com\/publications\/2021\/six-ways-to-build-an-effective-pharmaceutical-business-development-strategy\" target=\"_blank\" rel=\"noopener noreferrer\">Six ways to build an effective pharmaceutical business development strategy<\/a>, BCG article.<\/li>\n<li><a href=\"https:\/\/racap.thinkific.com\/courses\/business-of-biotech-spring-2021\" target=\"_blank\" rel=\"noopener noreferrer\">Business of Biotech<\/a>, RA Capital &#8211; free online course that introduces learners to the biotech social contract, M&amp;A game theory, and NPV modeling using in-depth examples.<\/li>\n<li>If you are seeking to learn about organizational structures, culture, and various theories used by organizational analysis experts to study how organizations evolve, interact with their environment (including other organizations through mergers &amp; acquisitions and business deals), feel free to audit this <a href=\"https:\/\/www.coursera.org\/learn\/organizational-analysis\" target=\"_blank\" rel=\"noopener noreferrer\">Coursera Organizational Analysis online course<\/a> at your own pace.<\/li>\n<\/ul>\n<h3><strong>Learning by doing job-related tasks<\/strong><\/h3>\n<p><a href=\"https:\/\/intersectjobsims.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Intersect Job Simulations<\/a> have been designed by PhDs for PhDs. To make the most of them, please set up <a href=\"https:\/\/intersectjobsims.com\/smart\/\" target=\"_blank\" rel=\"noopener noreferrer\">SMART Goals<\/a> to perform each simulation in a reasonable timeline. When you have completed the task, fill out the <a href=\"https:\/\/intersectjobsims.com\/reflection\/\" target=\"_blank\" rel=\"noopener noreferrer\">Self-Reflection Sheet<\/a>, which will help you reflect on what you enjoyed (or did not enjoy) about the simulation, and how it can help inform your career exploration efforts.<\/p>\n<ul>\n<li><a href=\"https:\/\/intersectjobsims.com\/library\/market-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer\">Job Simulation &#8211; Market Analysis<\/a>.<\/li>\n<li><a href=\"https:\/\/intersectjobsims.com\/library\/business-related-search-and-evaluation\/\" target=\"_blank\" rel=\"noopener noreferrer\">Job Simulation &#8211; Exploring options to expand a company&#8217;s portfolio<\/a>.<\/li>\n<li>Try this <a href=\"https:\/\/www.theforage.com\/simulations\/ashurst\/finance-mergers-acquisitions-lb9a\" target=\"_blank\" rel=\"noopener noreferrer\">Merger and Acquisition job simulation with Ashurt<\/a>, this <a href=\"https:\/\/www.theforage.com\/simulations\/pfizer-uk\/molecule-market-prll?reloaded=true\" target=\"_blank\" rel=\"noopener noreferrer\">Molecule to Market simulation with Pfizer<\/a>, and other <a href=\"https:\/\/www.theforage.com\/landing\/boston-university-gjgrm\/experience-without-commitment-8s4B?page=1\" target=\"_blank\" rel=\"noopener noreferrer\">Consulting simulations<\/a> on Forage.<\/li>\n<\/ul>\n<h3><strong>Preparing your transition into this career area<br \/>\n<\/strong><\/h3>\n<ul>\n<li><a href=\"https:\/\/www.nature.com\/articles\/d41586-019-01332-1\" target=\"_blank\" rel=\"noopener noreferrer\">Focus on your skills<\/a>, Nature article.<\/li>\n<li>Search for and connect with folks from the following organizations and others:\n<ul>\n<li><a href=\"https:\/\/www.abwa.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">American Business Women Association<\/a> (ABWA).<\/li>\n<li><a href=\"https:\/\/boston.ibdpros.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">International Business Development Professionals<\/a> (IBDP).<\/li>\n<li><a href=\"https:\/\/www.thebostonclub.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Boston Club<\/a> &#8211; Advancing Women Leaders.<\/li>\n<li>Local Student Business clubs like the <a href=\"https:\/\/www.bu.edu\/questrom\/graduate-programs\/student-life\/student-clubs\/\" target=\"_blank\" rel=\"noopener noreferrer\">BU Questrom Graduate Student Clubs.<\/a><\/li>\n<\/ul>\n<\/li>\n<li>Look for and join relevant thematic groups on LinkedIn, online communities, etc.<\/li>\n<li>Look for <a href=\"https:\/\/www.bumc.bu.edu\/gms\/students\/professional-life\/advising-mentoring\/alumni-mentoring\/\" target=\"_blank\" rel=\"noopener noreferrer\">GMS Alumni<\/a> who have transitioned into this career area.<\/li>\n<li>The Social Scientist enables early-career scientists to receive mentorship from folks who have transitioned into various careers &#8211; <a href=\"https:\/\/www.thesocialscientist.org\/industry-mentors\" target=\"_blank\" rel=\"noopener noreferrer\">connect with industry mentors<\/a> (scientists, founders, product managers, etc.).<\/li>\n<li><a href=\"https:\/\/mymedia.bu.edu\/playlist\/dedicated\/207936103\/1_9emp2sqk\/1_2lldbf4b\" target=\"_blank\" rel=\"noopener noreferrer\">Analyze job descriptions<\/a> to learn more about what institutions and organizations are currently looking for.<\/li>\n<li>Study company websites, follow them on social media and YouTube.<\/li>\n<li>Growing your network and <a href=\"https:\/\/intersectjobsims.com\/infointerviewguide\/\" target=\"_blank\" rel=\"noopener noreferrer\">having informational interviews<\/a> with PhDs who have transitioned into careers of interest to you will enable you to learn more about the job&#8217;s daily responsibilities, hiring process, career progression, etc., and the sector as a whole.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Introductory Resources Why consider Business Development as a PhD?, UCDavis Biotechnology article. What is Biotech Business Development?, JPP Life Sciences Marketing article. Carving your own path: from a PhD to Director of Business Development, PhD Career Stories Podcast. Business Development in the Pharma Industry, with Erin Denny, PhD &#8211; YouTube video. Venturing further in this [&hellip;]<\/p>\n","protected":false},"author":20577,"featured_media":0,"parent":99331,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/pages\/100546"}],"collection":[{"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/users\/20577"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/comments?post=100546"}],"version-history":[{"count":10,"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/pages\/100546\/revisions"}],"predecessor-version":[{"id":104388,"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/pages\/100546\/revisions\/104388"}],"up":[{"embeddable":true,"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/pages\/99331"}],"wp:attachment":[{"href":"https:\/\/www.bumc.bu.edu\/gms\/wp-json\/wp\/v2\/media?parent=100546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}