hey guys ECR G here back with another video we've got some breaking news
there's a new list that recently came out by IG EA which is a website a group
of people that ranked different things they rake pharma companies they rank cro
companies but anyway today's video is the top ten CEOs in 2018 so I'm gonna go
ahead and pull up this graphic here on the screen as you should be able to see
right now and it has ranked the top 10 CRO s in 2018 so take a look at this
right here and then I'm gonna move over to the other side of it where they
discuss how they rank them and then we'll go through the rankings so number
one they looked at revenue seventy percent of the ranking was done by
revenue then another ten percent was done by they ranked by annual revenue
growth for over the past year then they do to five percent on net income and
then 5% on expense ratio and then another fiber sound revenue per employee
and then a scope of service portfolio on by five percent so clearly these are
this ranking is not by anything else other than the amount of money that that
they make so that's what this is it's not done by who provides the best
service for the sponsor it's not done by who has the best culture who was the
best to work for or anything like that this is strictly revenue and how much
money is made so now that we know that and you can see they they strictly they
did revenue which isn't which isn't profit that's just strictly how much
money they made before expenses so and then the next best thing was did they
increase from the previous year and how much money they brought in and then I'm
surprised that net income is only 5% because that's really where you make
your profit so basically the profit was only
5% which I think it's interesting because typically if you're a business
you want you would want you would care more about how much money you made net
after the year not just how much money you brought in because if you brought in
a million dollars but you spent a million dollars you didn't make any
money so that's interesting that they waited so heaven heavily just the
revenues and not net income but anyway let's go over here to this is 2018 fresh
off the press and number one is lab court now LabCorp is a big conglomerate
and they shot up these rankings because they recently bought cove ants as you
can see here but they also recently bought Chiltern and I'm sure in the past
they've also bought some other CEOs before but they now the most recent ones
were Co Vance and Chiltern so now they have the most revenue just squeaking by
IQ via at ten billion dollars then I have income ratio of twelve point one
four twelve I think at twelve to fourteen percent maybe I don't know I
don't know why there's a comma there but anyway so with thirty one service
portfolio units but yeah LabCorp is number one and they're not just the CRO
they have other businesses as well LabCorp has other businesses as well
like they test urine and they do labs and things of that nature you've
probably seen that but they also do are in the CRO business as well a lot of
people may not have known that because I believe covant and Chiltern still
operate kind of as their own entity but are owned by LabCorp so a lot of people
may not have known that but for the longest time like lluvia formerly
quintiles but this is their new name iq via was the number one CRO and they
still are in a lot of ways if you consider lab corpus CRO or not but they
got nine point seven three billion dollars in revenue and then third place
is City 2.67 just squeaking by parks el cine
house recently went through a transition as well and they merged i NC research of
the Sephora ein c research and inventive health to make ceo's health effectively
doubling their revenue and c was a 1.1 billion dollar company and i think
invented was like a 1.4 something billion dollar company and they came
together and they had about two point six seven billion dollars in revenue so
those are the big three that you have LabCorp IQ via and cine o s-- and then
you reach into these other ones as you can see but LabCorp and IQ via ten
billion nine billion those are big and then all the way down here to two
billion is everyone else so everyone else is playing in the you know I guess
not even a billion to two billion dollar range we've got three to nine people
doing that so then you've got par Excel 2.4 billion then PRA 2.5 and then PPD
you've got all the peas and I sometimes mix these companies up PR a PPD par
Excel you get a lot of peas there so they're all in that two billion dollar
range and then you below that Charles River lab icon and then I've never heard
of this company would see app tech don't know anything about them and we have to
look them up never heard of them before but judging by their name they probably
do maybe some kind of tech maybe some kind of medical device stuff maybe they
specialize in that I'm not quite sure and then you got med pace who I've heard
about as well so these are the top ten CEOs of 2018 now I want to compare this
list to some previous years that they've done and remember this is just on
revenue so it's probably gonna look pretty similar to this year so let's go
over here let's check out this this 2016 1
so we're zooming in here no why would you look at that remarkably similar open
this a new tab remarkably similar except you got Quint houses number one
LabCorp par Excel PPD they're all up there I NCP are a icon then you still
got woke see Charles River inventive health so look at this I'm gonna have
was at 2.3 billion back then so inventive health and NC merged so now
they're at 2.6 billion together somehow oh they'll or losing money income ratio
negative 7% but yeah so it's the same companies literally the same companies I
don't think there's not a company on here and then we got week C as well so
there's literally the same companies they just reordered them but in 2018
quints house has been making more money six billion in 2016 they were at was
seen ten nine billion nine billion in 2018 so they've been making money
LabCorp grew by a billion dollars so you know that's just what it is these are
the top CEOs and I made this video specifically because a lot of people are
interested in getting into clinical research and this used this list of
companies as a good starting point so if you want to work for a CRO look at look
at this list and these are the people that are likely to be hiring in a strong
industry these are the people that are gonna be hiring so go to these companies
websites and look for the open positions and look for any of the positions that
you're interested in you're interested in investigator payments look for those
positions you just did in clinical trial assistant positions look for those
positions on the website it's one of the best ways to apply in clinical research
you've got indeed you've got LinkedIn but also going to the individual website
of these companies on the career pages they tend to keep that pretty up-to-date
and I know people have gotten jobs that way I don't at annex that the next step
in that is if you can get a referral from one of those from somebody and I
would even cold email people on LinkedIn for it because sometimes they may know
the recruiter or they can email the recruiter if you can figure that out and
that will increase your chances dramatically but also there's something
in it for them as well if they if you get successfully hired on there's
probably gonna be some kind of small bonus for them you know it could be
$1,000 a couple thousand dollars so there should they should have a strong
incentive to want to refer you so do not feel bad or awkward about asking
somebody to refer you into one of these companies so I would definitely do that
on LinkedIn if you haven't done so already but look at these companies as a
starting point and go from there these are the people that are gonna be hiring
right now in 2018 because the jobs market is pretty good in clinical
research right now so thank you guys for listening don't forget to email us at
elite clinical group at gmail.com for any enquiries you may have comment down
below who's your favorite CRO ya coward down below who's your favorite CRO and
as always you can email us if you want to get your resume reviewed if you're
looking to get in a clinical research or make a career change or just want to
tighten up your resume we do have a resume review program so email us to
learn more at elite clinical group at gmail.com take care guys
you