How Much Do Drug Reps Make On Average?

How competitive is pharmaceutical sales?

Medical sales is a competitive field for a simple reason — professionals love their jobs.

This is especially true for those who work in pharmaceutical sales.

In fact, as our 2018 Medical Sales Salary Report shows, they report some of the highest satisfaction rates..

How do I break into pharmaceutical sales?

5 Tips to Break Into Pharmaceutical Sales JobsTry Applying to Smaller Companies. Pharmaceutical manufacturers that come to mind first are usually already flooded with ample amounts of high quality candidates. … Attend a job fair (but not for the reasons you may think) … Be open for relocation. … Consider a 1099 role. … Consider other industries.

How do drug reps make money?

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.

How do you become a pharmaceutical sales rep?

Here are the steps you can follow to begin a successful career as a pharmaceutical sales rep:Earn your high school diploma or GED.Get a bachelor’s degree.Consider earning a graduate degree.Get certified.Network.Work on your skill set.Prepare your resume and cover letter.

Is being a pharmaceutical sales rep stressful?

Pharma is by far the least stressful gig I’ve ever had. As long as you get out of bed every day, you are going to make at least 80k on average with a nice 401k and a car with a gas card.

How many hours a week do pharmaceutical sales reps work?

As you might imagine, a successful sales rep might spend 60–80 hours a week. An unsuccessful one usually has a 20 hour week and takes Friday off. Pharmaceutical sales is not easy, unless you don’t like making money and want to be fired within a year.

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 medical sales reps travel a lot?

She also notes that a recent study found medical sales reps spend an average of 20 percent of their time traveling overnight. Increased travel often results in additional income: The average total compensation for a representative who travels 50 percent of the time is $160,200.

Is pharmaceutical sales a good job?

Pharmaceutical sales is a popular career choice for job-seekers because it offers excellent potential — in career growth, income, and benefits.

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.

Why do drug reps bring food?

One of the few push factors to remain at such ungrateful positions used to be a free lunch: representatives from drug companies—known in the industry as “drug reps”—would bring the whole office food in order to educate the physician for a measly few minutes during lunch.

How many hours do sales reps work?

40 hoursWork Schedule Most sales reps work at least full time, and this career often demands more than 40 hours a week.