Pharmeceutical Sales Rep Salary
Pharmaceutical sales representatives usually work for companies that manufacture various drugs. Most pharmaceutical sales reps call on physicians, hospitals and other doctors within specific territories, presenting their brochures and product samples. A pharmaceutical sales rep's primary objective is to get doctors to prescribe their drugs to patients. Pharmaceutical sales reps usually earn generous salaries along with commissions, bonuses and profit sharing.
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Average Salary
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A pharmaceutical sales rep earns an average annual salary of $58,985 to $82,673, according to 2011 data from PayScale. Along with bonuses, commissions and profit sharing, pharmaceutical sales reps can earn between $86,561 and $138,718 per year. Additionally, Salarylist indicates that the average salary for a pharmaceutical sales rep is $57,275 per year. Comparably, StateUniversity lists the median annual salary for a pharmaceutical sales rep at $60,173. Glassdoor has composed a list of 419 pharmaceutical sales reps salaries in 41 companies, with annual salaries falling mostly in the $52,000 to $72,000 range.
Years of Experience
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Pharmaceutical sales reps can earn higher salaries as they acquire more experience. For example, a pharmaceutical sales rep with less than a year of experience earns a salary between $37,656 and $57,168 per year, reports PayScale. After one to four years, pharmaceutical sales reps can earn annual salaries of $50,671 to $63,372. A pharmaceutical sales rep with five to nine years of experience can expect to earn $61,438 to $76,814 in salary per year. Additionally, after 10 to 19 years in their field, a pharmaceutical sales rep earns between $70,483 and $93,877 in salary per year. And after 20 or more years of experience, pharmaceutical sales reps earn annual salaries of $82,054 to $112,447.
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Salary by Industry
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Pharmaceutical sales reps can earn higher salaries in certain industries. For example, pharmaceutical sales reps working in biotechnology earn the highest salaries at $71,972 to $104,733 per year, according to PayScale. A pharmaceutical sales rep selling vaccines can expect to earn a salary of $59,835 to $87,275 per year. A pharmaceutical sales rep working for a pharmaceutical manufacturer earns an average annual salary of $65,856 to $84,737. Additionally, pharmaceutical sales reps who sell health care products earn annual salaries of $58,280 to $81,158. And pharmaceutical sales reps working for pharmaceutical wholesalers earn salaries of $54,802 to $77,747 per year.
Salary by State
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Pharmaceutical sales rep incomes can vary widely from state to state. Following are the salary ranges for pharmaceutical sales reps in various states, according to PayScale: New York, $59,048 to $85,229; Florida, $59,075 to $84,277; New Jersey, $61,982 to $84,078; California, $59,524 to $81,923; Texas, $59,584 to $80,524; Illinois, $58,188 to $79,383; Pennsylvania, $55,942 to $79,003.
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References
- PayScale: Salary Snapshot for Sales Representative, Pharmaceuticals Jobs
- U.S. Bureau of Labor Statistics: Sales Representatives, Wholesale and Manufacturing
- State University: Pharmaceutical Sales Representative Job Description
- Glassdoor: Pharmaceuticals Sales Representative Salaries
- Salarylist: Pharmaceutical Sales Representative Jobs Salary
- Photo Credit business man image by Christopher Hall from Fotolia.com
