What is the average income of a pharmaceutical rep?

What is the average income of a pharmaceutical 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 pharmacy 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.

What degree do drug reps have?

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.

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 much do Eli Lilly sales reps make?

How much does a Sales Representative make at Eli Lilly in the United States? Average Eli Lilly Sales Representative yearly pay in the United States is approximately $99,766, which is 59% above the national average.

How do I become a drug rep?

Here are the steps you can follow to begin a successful career as a pharmaceutical sales rep:

1. Earn your high school diploma or GED.
2. Get a bachelor’s degree.
3. Consider earning a graduate degree.
4. Get certified.
5. Network.
6. Work on your skillset.
7. Prepare your resume and cover letter.

What do pharmaceutical reps wear?

Their clothes should be fresh, neat, clean and pressed. The reps should be well-groomed, paying attention to hair, face and nails. Do the pharmaceutical reps need to dress in formal business attire such as suit and tie for men and skirted suits or matching pants suits for women?

Do pharmaceutical reps travel a lot?

One pharmaceutical industry report discovered reps that travel up to 75% of the time earn the most money throughout their careers. The more you travel, the more contacts you will establish with prospective buyers. Because of the need to travel as a pharma sales rep, you will have to master the art of time management.

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 much do Novo Nordisk sales reps make?

How does the salary as a Sales Representative at Novo Nordisk compare with the base salary range for this job? The average salary for a Sales Representative is $49,913 per year in United States, which is 53% lower than the average Novo Nordisk salary of $107,286 per year for this job.