What Type Of Medical Sales Makes The Most Money The report author writes Clearly the glass ceiling has yet to be broken in medical sales The top earning job title was sales director vice president making an average 214 755 Last year the second highest paid title was Sales Manager but that is now the third highest paying title making an average 180 112
Potential Salary 60 000 90 000 Average Total Compensation 275 000 300 000 Account managers are an alternative next step that sales reps can take for career growth Many sales reps especially those new to the medical sales industry believe they need a high level manager role to earn top dollar This isn t the case however Here s a list of 24 medical equipment sales companies to explore 1 Medtronic Size More than 10 000 employees Description Medtronic is a large global organization that creates and sells medical devices and equipment They re known for developing industry leading technology like advanced pacemakers
What Type Of Medical Sales Makes The Most Money
What Type Of Medical Sales Makes The Most Money
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A medical sales salary pays an average base of 95 296 a year the report found With additional earnings including commissions and bonuses the average total income reaches 156 785 Generally medical sales jobs that are focused on outside sales trend toward the higher end of the salary spectrum These jobs usually involve more travel and in Medical sales representatives in the United States earn an average of 75 000 a year which comes out to be around 35 an hour Consider these numbers based on a recent study in 2023 The bottom 10 of earners made around 45 000 and the top 10 earned 121 000
Is Becoming a Medical Sales Rep the Best Career Choice for You We created this A Z guide to let you know what being a medical sales rep is all about This is only a quick overview though The medical field always grows and changes so it makes sense that the medical sales rep position does as well As new developments emerge your job will High demand and a rewarding career Medical sales representatives are in high demand offering lucrative opportunities with an average base salary of 95K and additional bonuses averaging 61K Role and responsibilities Medical sales reps sell pharmaceuticals medical supplies devices or biotechnology requiring them to identify potential business meet with decision makers demonstrate
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The 2022 Best Places to Work in Medical Sales report polled over 2 300 MedReps community professionals to identify which medical sales companies are currently the most sought after in the industry 1 Earn a bachelor s degree Required education will vary by employer but to become a pharmaceutical sales rep you ll likely need a bachelor s degree According to MedReps 2018 Pharmaceutical Sales Salary Report 98 of the reps surveyed have a four year college degree or higher
High Compensation the average compensation in medical sales is 155 358 yr The top sales representatives consistently earn 400K each year Managers Directors and VPs can earn 1M each year Great Benefits Car Phone Meals etc depending on the company the benefits are fantastic It is not uncommon for representatives to be provided The best companies for medical sales representatives to work for in 2024 are Lincare Holdings and Alcon If you are looking for the best paying companies for medical sales representatives you should consider Intuitive Surgical with a median medical sales representative salary of 111 500 or Exact Sciences with a median salary of 106 138
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What Type Of Medical Sales Makes The Most Money - Medical sales representatives in the United States earn an average of 75 000 a year which comes out to be around 35 an hour Consider these numbers based on a recent study in 2023 The bottom 10 of earners made around 45 000 and the top 10 earned 121 000