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hm243 replied to the topic Discussion Topic: Academia vs. Industry in the forum Introduction to Medical Device Development 8 years, 4 months ago
There are both benefits and disadvantages to working in the industry and working in academia. Working in industry does allow for more opportunities to move up in chain of command, or to explore different positions that will best suit a person’s interest. However, the main idea when it comes to industry is making profit. The industry works to keep up with and improve products with competing companies so they result in the greatest profit. When working in academia, research is the key idea, and people end up staying in the same position. There is not as much opportunity to go to higher positions. There is better job security when it comes to working in academia because of tenure. In industry, there is so much competition, and if you do not keep up with it companies will look to find someone else more willing to do the job. Working in the industry does give higher pay, but there are better benefits in academia. In addition, there is less time restriction when working in academia, while in industry there are deadlines. I personally do feel that industry is a better fit for me to explore my interests. However, there is no right career choice and I feel people should choose based on what is better suited for their interests.