In 2019, the average rep salary was $151,217, which includes an average base salary of $109,250 and an average bonus of $41,967. That’s a 6% increase, or almost $8,000, over the average salary for pharma sales reps from MedReps’ 2018 survey.
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Can you make a lot of money in pharmaceutical sales?
In 2019, the average rep salary was $151,217, which includes an average base salary of $109,250 and an average bonus of $41,967. That’s a 6% increase, or almost $8,000, over the average salary for pharma sales reps from MedReps’ 2018 survey.
Is being a pharmaceutical sales rep worth it?
The job of a pharmaceutical sales representative is a highly desired one. With a high salary, excellent benefits and perks, and the potential for growth, it’s easy to see why. In fact, on average, pharmaceutical sales reps earn $103,300 each year, not including commissions.
Is pharmaceutical sales still a good career?
According to Quint Careers, pharmaceuticals sales is considered one of the fastest-growing career opportunities, with a 300% growth rate in the last decade. In addition to fantastic job growth, these positions nationally average a salary of $64,000 (Glassdoor).
Is pharmaceutical sales a hard job?
It’s a reality for pharmaceutical company representatives. But the work isn’t pure glamour. It’s also intense, highly competitive and sometimes frustrating. Insiders say it’s difficult to get your foot in the door with a drug company, and that it’s challenging to excel once you’ve landed that first sales job.
How much do top pharmaceutical reps make?
Salary Ranges for Pharmaceutical Sales Reps The salaries of Pharmaceutical Sales Reps in the US range from $16,308 to $440,283 , with a median salary of $79,433 . The middle 57% of Pharmaceutical Sales Reps makes between $79,433 and $198,420, with the top 86% making $440,283.
How much did Penny make as a pharmaceutical rep?
2 Pharmaceutical Sales Rep. If that’s true, Penny is likely making anywhere from $100,000-300,000 thanks to her commission and being one of the top salespeople in the country.
Do pharmaceutical reps travel a lot?
A large portion of a pharmaceutical sales rep’s workday can be spent traveling, depending on the area he is working in. Some territories can be almost as large as a small state, and reps sometimes travel for several hours.
Are pharmaceutical reps in demand?
According to James Crowley, managing director of life sciences strategy at Accenture Life Sciences, a global consulting firm, well-trained, digitally savvy pharmaceutical sales representatives will continue to be in demand well into the foreseeable future.
Are pharmaceutical reps happy?
A whopping 80 percent say they’re happy with their pay, and 80 percent say they’re happy with their job, overall. It’s easy to assume job satisfaction is linked to their high earnings. After all, the average total compensation for pharmaceutical sales professionals in 2018 is $133,563, as the survey found.
Are pharmaceutical reps smart?
Drug reps today are often young, well groomed, and strikingly good-looking. Many are women. They are usually affable and sometimes very smart.
Do pharmaceutical sales reps travel a lot?
Travel often The best paid medical sales reps are always on the road. They’re visiting different territories, meeting new clients, and reaching out to contacts across the map. In fact, our salary report found that those who travel 50 percent of the time earn $167,061, on average.