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#LINKEDIN TALENT INSIGHTS SOFTWARE#

Many of the relative scores were weighted according to how closely they correlated to data from Boston/Cambridge, San Francisco Bay Area, and San Diego.We measured and evaluated, in terms of absolute number and market density, the various indicators on occupations and graduates.

We identified the most relevant occupations underpinning growth in the life sciences industry as well as those people graduating with the most relevant degrees.The standardized scores for each variable were then summed for each metro area to provide a final score as shown in figure 8.

We then standardized the data to see how far each metro area deviated from the average of the group. life sciences labor markets (generally metropolitan areas with populations of at least 750,000) and evaluated each on various occupational and educational data.

CBRE’s analysis encompassed the largest 74 U.S.

economy has continued to increase over the past 20 years, becoming a larger, but still small, presence in the workforce. The share of these occupations in the U.S. The figure shows the vastly faster pace of growth with little end in sight.

#LINKEDIN TALENT INSIGHTS SOFTWARE#

Many data scientists work in the high technology and software industries and have a lesser presence in scientific research, but they increasingly fuel life sciences research and have skyrocketed in number over the last 20 years.įigure 4 shows the growth of occupations in life sciences research compared with all other occupations in the U.S. Since 2001, much greater growth has been recorded among biochemists and biophysicists (167%) other biological scientists (87%), and notably data scientists (1,363%). Bureau of Labor Statistics, CBRE Research, Q1 2022.Ĭhemists, the next largest life sciences research occupation, have grown below average over the past 20 years, reflecting the shift to biologics over recent decades. life sciences researchers are considerably higher than other occupations, and show less variability across markets relative to cost of living indices.Īs such, employers may not achieve a financial benefit by hiring researchers in lower-cost markets.

Talent pools are emerging rapidly in markets such as Salt Lake City, Nashville, Columbus, Albuquerque and Tucson.

However, significant pockets of talent exist in Chicago, Denver/Boulder, Houston, Dallas/Ft.

Not surprisingly, the preponderance of research talent exists along the East Coast, stretching from Boston/Cambridge to Raleigh-Durham, as well as the West Coast, anchored by the San Francisco Bay Area.

CBRE has identified the best markets for accessing life sciences research talent.

Life, physical and social science occupations had the second-lowest unemployment rate of all U.S. But finding life sciences research talent may prove extremely difficult.graduates in biological and biomedical sciences, totaled more than 163,000 in 2020-a record number and double the number just 15 years ago. A record number of people are graduating with life sciences expertise.This group grew 79% between 2001-2021 compared with 8% growth for all U.S. More professionals are engaged in life sciences research in the United States than ever before.