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cy268 replied to the topic Discussion Topic: Academia vs. Industry in the forum Introduction to Medical Device Development 8 years ago
I think the differences between working in an academic setting and working in an industry can be compared in two ways: a. efficiency and productivity and b.creativity-and-time-limitation. While working in an industry, one is required to be accountable for every minute that is spent at the work place. Industry puts emphasis on efficiency and productivity as the individual is being billed for all the time spent at the company working on a particular project or a client. This in turn creates pressure to perform and to also show tangible results as the pay per hour is considerably and very rightfully high as compared to academia. While in an academic setting, although results are definitely important, there is less pressure to perform without making mistakes which gives room for trial and error and creativity. Creativity in terms of devising new strategies to experiment without being highly criticized for its usability and effectiveness.