Yeah, there's not many jobs in biology, and funding is pretty bad in the public sector. Biotech is a rocket ship in the early phase of blastoff, though. Jobs are still ultra-competitive to get, but there's plenty of cash to go around for the actual projects(since employees are plentiful and disposable).

Plenty of people in the biotech industry just have a bachelors. There's still some holdovers from academia who insist that PhDs have to be the ones making the science decisions, but it's still not as ossified as academia.