What is Bioinformatics?
What can I do with a degree in Bioinformatics?
The new field of bioinformatics has already led to countless scientific, agricultural and medical breakthroughs, including the development of disease-resistant crops and new cancer diagnostic methods and treatments. Individuals with a BS and/or MS degree in Bioinformatics can find jobs in:
- Research environments (universities, research institutions, hospitals, federal research institutes, etc.)
- Biotech startups
- Pharmaceutical companies
- The health care industry
- Consumer product R&D
- Software development companies
The current market trends:
- In the US, entry level Bioinformatics positions start on average ~$41K
- According to a 2017 market report, “Bioinformatics Market—Global Industry Size, Market Share, Trends, Analysis and Forecast, 2017–2025,” published by Key Market Insights, the global bioinformatics market is estimated to reach market size worth $32.5 Billion in 2025!
- North America, in particular, is in desperate need of qualified researchers in the field. The compound annual growth rate (CAGR) is over 19%. This increase is largely due to the fact that bioinformatics has emerged as a key tool in the life sciences and is majorly responsible for driving the global market.