The average salary for a pharmaceutical sales representative in the United States is around $81,533 per year.
How are pharmaceutical reps 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 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, our 2020 Pharma Sales Salary Report found that, on average, pharmaceutical sales reps earn $151,217 each year.
How do I get into pharmaceutical sales with no experience?
- Develop a resume that highlights or bullets your sales accomplishments. ...
- Use keywords in your resume, such as medical products, medical devices and pharmaceutical. ...
- Network with those you know within your desired industry. ...
- Target your applications. ...
- Don't give up.
What qualifications do you need to be a pharmaceutical sales rep?
Pharmaceutical companies generally only hire sales representatives who hold a four-year bachelor's degree or higher from an accredited college. A specific major isn't required, but many PSRs study life sciences, especially biology and chemistry.
How hard is it to get a pharmaceutical sales job?
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. ... Before you can start selling for your company, you have to sell yourself to potential employers.
How much do pharmaceutical sales reps make a month?
The pharmaceutical-sales field, which is often called "recession-proof," is popular because it offers excellent salary potential, great benefits, flexibility, opportunity for growth, and frequently, the use of a company car.
Is pharmaceutical sales in demand?
According to a comprehensive report by the IQVIA Institute for Human Data Science, the pharmaceutical market may exceed $1.3 trillion worldwide by 2023, and the U.S. market is booming with a 4–7% growth rate.
What is the demand for pharmaceutical sales representative?
CNN Money predicted that 10-year job growth for PSRs will be 16.4 percent, which is considerably above-average. Around 400,000 more pharmaceutical sales jobs will be created through 2022. Drug reps are recruited by pharmaceutical manufacturing firms, research institutes, distributors, and wholesalers.
Does pharmaceutical sales pay well?
Sales reps in pharmaceuticals take home a significantly high paycheck at $128,482, with a base salary of $95,550 and a bonus of $35,015.Mar 20, 2019
What is the highest paying job in pharmaceuticals?
- Pharmaceutical sales representative. ...
- Pharmaceutical outside sales representative. ...
- Clinical data manager. ...
- Research scientist. ...
- Pharmacy manager. ...
- Drug manufacturer. ...
- Biotechnology consultant. ...
- Biostatistician. National average salary: $143,550 per year.