How much do drug reps make on average?
How much do drug reps make on average?
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 I become a drug rep?
All you need is a Bachelor’s degree in a scientific or technical field, such as chemistry or biology. However, continued education and additional training are essential. Aspiring pharma reps can also break into this industry by completing specialty courses to obtain a certification.
How much does a Pfizer rep make?
The average Pfizer Sales Rep earns $85,000 annually, which includes a base salary of $80,000 with a $5,000 bonus.
Can you be a pharmaceutical rep without a degree?
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 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.
Are drug 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.
How do I become a biotech sales rep?
A biotech sales job requires a bachelor’s degree and experience in the life sciences. Most sales positions require at least 1-2 years of successful sales (sometimes pharmaceutical or laboratory research preferred). Strong knowledge base of company products, life science research, biotechnology research is essential.
What is it like working for Pfizer?
Excellent for job development and growth Excellent place to work Everything is first class. Management was excellent. If you get on with Pfizer your career will take off. They work to make the employees excellent and provide classes that develop employees to be great communicators.
