Table of Contents
- 1 How much can you make as a pharmaceutical sales rep?
- 2 Is pharmaceutical sales rep a good career?
- 3 How many hours a week do pharmaceutical sales reps work?
- 4 Do pharmaceutical reps sleep with doctors?
- 5 How long does it take to become a pharmaceutical rep?
- 6 How is the salary of a pharmaceutical sales rep determined?
- 7 How often do pharmaceutical sales reps go on the road?
How much can you make as a pharmaceutical sales rep?
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.
How do drug reps get paid?
With most pharmaceutical companies you get a salary and you also get paid commission on your drugs that you sell. So, if you sell 160 percent of one product, you get paid on 60 percent over that quota. The more you sell the more you make, so the harder you work, the more money you make.
Is pharmaceutical sales rep a good career?
Pharmaceutical sales representatives often become the trusted go-to point for customers seeking information and assistance in helping their patients. Pharmaceutical sales is a great career choice for anyone who values the relationships they build at work. You can make a difference in the world.
Is it hard to become a pharmaceutical sales rep?
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 many hours a week do pharmaceutical sales reps work?
The majority works beyond 40 hours per week in a stressful, high-pressure environment where satisfying quotas is paramount. Sales reps also have fast job turnover rates and can struggle to find employment during recessions.
Do pharmaceutical reps make good money?
Salary. Specialty pharma reps earn higher salaries at $138,150 on average. Pharmaceutical sales representatives employed by small manufacturers make less at $119,933, but the highest paid work for large, multi-national manufacturers with an average compensation of $133,407 per year.
Do pharmaceutical reps sleep with doctors?
Sales reps at Pfizer are using a CafePharma bulletin board to discuss whether it is common for their colleagues to sleep with the doctors whom they are trying to persuade to write prescriptions. Most commenters seem to agree that sex with doctors is going on more inside people’s heads than in reality.
How long does it take to become a pharmaceutical sales rep?
A four-year degree from an accredited university or college is required to become a pharmaceutical sales representative. You can improve your chances by gaining a degree in a related field like Life Science.
How long does it take to become a pharmaceutical rep?
Pharmaceutical companies generally only hire sales representatives who hold a four-year bachelor’s degree or higher from an accredited college.
How do I become a successful pharmaceutical sales rep?
How to Succeed in Pharmaceutical Sales
- Good People Skills. You need to have good people skills when going out to market a product.
- Strong Product Knowledge.
- Comfortable with Public Speaking.
- Manage Your Own Time.
- Industry-Specific Skills.
- Be Ready to Travel Anytime.
- Get Your CNPR Training.
How is the salary of a pharmaceutical sales rep determined?
Experience is a major factor in determining the salary of a pharmaceutical sales rep. That’s because the job is largely commission-based, so you earn more money the more sales you close. Here’s a typical salary progression:
What kind of degree do you need to be a pharmaceutical rep?
A degree or postgraduate degree in business or marketing, or a healthcare MBA, could also be useful. Generally, your employer will train you on the job regarding its specific portfolio of products and those of competitors. Some may ask you to take additional exams and earn the title of Certified National Pharmaceutical Representative.
How often do pharmaceutical sales reps go on the road?
Depending on the size of your region, you could be spending a lot of time on the road – some reps are away from home for several days or weeks at a time. Senior reps may also be tasked with presenting at industry conferences and holding instructional workshops to generate sales.
What do you need to be a drug sales rep?
Drugs companies typically hire sales representatives who hold a college degree in biology, chemistry or pharmacology. You’ll be expected to understand medical terminology and understand how different drugs affect the human body. A degree or postgraduate degree in business or marketing, or a healthcare MBA, could also be useful.