Is being a pharmaceutical sales rep worth it?
Table of Contents
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 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.
Is pharmaceutical sales a stable career?
“The pharmaceutical industry is among the largest, most stable, and fastest growing businesses in the entire world,” writes Anne Clayton in her book, Insight into a Career in Pharmaceutical Sales.
What are the challenges in being a pharmaceutical sales person?
Sales force, the main communication channel of the pharmaceutical industry, faces many challenges: lower perceived product differentiation, great heterogeneity in the needs of customers and the value of customers to the company, pressure to find more efficient communication channels, restricted physician access.
Are pharmaceutical sales reps happy?
In fact, as our 2018 Medical Sales Salary Report shows, they report some of the highest satisfaction rates. A whopping 80 percent say they’re happy with their pay, and 80 percent say they’re happy with their job, overall.
How hard is it to get into pharmaceutical sales?
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 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 medical sales reps work long hours?
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.
Is being a medical sales rep hard?
Medical device sales is a highly competitive and demanding field, but it is also very rewarding, so it’s no surprise that many people want to get into this industry and begin their career path.
How do I get into pharmaceutical sales with no experience?
How to Get a Job in Medical Sales Without 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.