Science

First, biotechnology careers typically require a Bachelors degree for entry, but the field is filled with people who also hold Masters and doctoral degrees. For instance, 45 percent of the biomedical engineers who responded to an O*NET survey said a Bachelors degree was sufficient; thirty-five percent needed a Masters degree and a further 20 percent needed a doctorate. Those with advanced degrees typically have higher earning potential, which partially explains how some biomedical engineers can earn around $50,000 per year while others are clearing $140,000.
Second, there are multiple employers of the scientists listed below. Some of the most prominent are universities, which typically pay less than companies engaged in applied research. Companies make profits, which can be shared with employees, universities do not.