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I'm interested in becoming a pharmaceutical representative. I've heard that people can make a lot of money in the industry, but I've also heard that the opposite, because of changes in the way the pharmaceutical industry is regulated. Are the days of the massive perks for pharmaceutical reps numbered? Sincerely, Future in Pharming? Dear Future: Regulation change may affect earnings somewhat, but how much remains to be seen. After all, pharmaceutical companies are among the most profitable in the world, and with an aging population, new (and expensive) drug development, advertising that encourages people to take drugs that they may or may not need … Looking at sample numbers, there is definitely money in the field! The US Bureau of Labor Statistics says that in May 2004, pharmaceutical sales reps had a median hourly earning of $30.69. Based on a 40-hour workweek, this is $62,835 per year. And in doing an informal sample of some pharmaceutical sales jobs that post salaries, here are just a few I've found from various companies and locations in the USA. As you see, it can vary quite a bit: 3+ years experience: • base $65,000-$75,000
+ commission $35,000
• base $50,000-$60,000
+ commission $20,000
• base $50,000-$60,000
+ perks & bonus $80,000
• base $55,000-$90,000
+ bonus $20,000 At least 1 year experience • base $60,000-$75,000
+ bonus $30,000
• base $50,000-$65,000
+ bonus $20,000 No experience or unspecified experience • base $50,000-$52,000
+ commission: $35,000
• base $48,000-$72,500
+ commission $5,000 + bonus $15,000 Discuss This ArticleHave something you'd like to say? Tell us what you think! Read and post comments for this article. Like this answer? Read more questions! Browse our archive of 1,271 career questions. Also, see our master index of all MedHunters articles! Find a JobChoose your career: MedHunters is the world's biggest healthcare job board. Our job directory has 16,980 jobs with 2,412 hospitals and other direct employers. We want you to find your next job on MedHunters. Need Help? Call us at 1-888-884-8242, email us at info@medhunters.com or sign up now. Do you have a career-related question? Email us at: DearCindy@medhunters.com. |
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