One of the questions I’ve been asked by people interested in pharmaceutical sales is what would be the typical starting salary for a pharmaceutil drug sales representative. Each pharma company has an established salary scale that takes into account the new rep’s experience, education and other factors.
For a recent university or college graduate with no prior experience in sales of any kind, a starting salary could be in the mid $30,000s to $40,000s. People who have been working in some sort of sales field could negotiate to the higher end of the starting salary range.
After a few successful years of working in pharmaceutical drug sales, reps can find their salaries in the $50,000 to $70,000 range. Bonuses for high performers can push overall incomes to six figures.
The other benefits including use of company cars will be worth several thousand dollars as well. So it is important not to get too upset if a starting salary happens to be a bit low because the rewards will add up quickly in bonuses and with years of service to a company.
It is much more important to get a foot into the door and build up from there if one really wants to break into the pharmaceutical sales field. Established drug sales representatives can always jump to other companies if not satisfied with current income levels.
So to help break into the industry, see pharmaceutical drug sales careers.