Salaries For Pharmaceutical Sales Rep – Know More!

Introduction

You may be a young graduate or a student aspiring to work as a pharmaceutical sales rep which is the shortened form of a pharmaceutical sales representative. Or you are trying to consider how lucrative the pharmaceutical sales rep could be by evaluating their pay scale. A Pharmaceutical sales rep is a sales personnel employed by drug companies to convince physicians to recommend their products to patients with a disease condition curable by their drugs. You can be confident that a pharmaceutical sales rep is a profession to venture into, not just because of the handsome salaries paid by the pharmaceutical companies but because of the numerous bonuses attached to the pharmaceutical sales rep profession. Let us know about the salaries for Pharmaceutical Sales Rep and the benefits of being a Pharmaceutical Sale Rep apart from the salary in this article.

The Median salaries for Pharmaceutical Sales Rep across the United States of America are as follows; in US dollars: 76, 170 annually base pay and 21,500 in commission. As of 10th August  2022. And 749 salaries have been reported. For a pharmaceutical sales rep with 1 to 2 years of experience, the salary is an average of 61, 071 US dollars per annum. A pharmaceutical sales rep with 6 to 9 years of experience, the salary is an average of 78,566 US dollars per annum. While a Pharmaceutical sales rep with more than ten years of experience, the salary is an average of 86,332 US dollars per annum. 

Pharma Sales Rep In The United States That Earn The Most Money In The Following Cities

1. Louis, Missouri: they annually earn 94, 740 US dollars and a commission of 21, 500 US dollars, and some other bonuses that come with meeting yearly targets. According to 6 salaries that were reported.
2. 86, 018 US dollars annually in Birmingham, AL and they receive a commission of 21,500 US dollars. From the seven salaries were reported
3. 75,301 US dollars yearly in Houston, Texas. And they received a commission of 21,500 US dollars, and nine salaries were reported.
4. New York City annually 71,440 US dollars and they receive a commission of 21,500 US dollars. Of 14 salaries that were reported.
5. 69, 029 US dollars yearly, Cincinnati, Ohio, and they also receive a commission of 21,500 US dollars. According to 6 salaries that were reported.
6. Atlanta, GA  per annum average salary of 66,105 US dollars and receives a commission of 21,500 US dollars. From the nine salaries that were reported.
7. 59,000 US dollars per year in Dallas, Texas, and receives a commission of 21, 500 US dollars. According to the 12 salaries that were reported.
8. Raleigh, North Carolina 49, 533  US dollars annually and receives a commission of 21,500 US dollars. From the 12 salaries that were reported.
9. Scranton, PA 45, 046 US dollars annually and receives a commission of 21,500 US dollars. From the six salaries that were reported.

National base Salaries of Pharmaceutical Sales Rep based on their years of experience

1. For a pharmaceutical sales rep with 1 to 2 years of experience, the salary is an average of 61,071 US dollars per annum, and receives a commission of 21,500 US dollars. 
2. A pharmaceutical sales rep with 6 to 9 years of experience, the salary is an average of 78,566 US dollars per annum and receives a commission of 21,500 US dollars. 
3. A pharmaceutical sales rep with more than ten years of experience, the salary is an average of 86, 332 US dollars per annum, and they receive a commission of 21,500 US dollars. 

Some Pharmaceutical companies that pay Pharmaceutical Sales Rep the most

1. The Amerimed Pharmaceutical Company: This pharmaceutical company in St. Louis, Missouri, pays their pharmaceutical sales rep 139,904 US dollars per annum. In addition to the commission of 21,500 US dollars and other non cash bonuses.
2. The Scientific Search Pharmaceutical Company: This pharmaceutical company in St. Louis, Missouri, pays its pharmaceutical sales rep 133,904 US dollars per annum. In addition to the commission of 21,500 US dollars and other non cash bonuses.
3. The Bryant Associates Pharmaceutical Company: This pharmaceutical company in St. Louis, Missouri, pays its pharmaceutical sales rep 120,387 US dollars per annum. In addition to the commission of 21,500 US dollars and other non cash bonuses.

• There are some other pharmaceutical companies all around the United States of America that pays their pharmaceutical sales rep handsomely both the salaries per annum, and other non cash bonuses that when judiciously calculated, can be equivalent to that of the above top paid pharmaceutical companies. And the pay rate is also related to the number of years you have spent with them.

Any benefits of being a Pharmaceutical Sale Rep apart from the Salary

As a pharmaceutical sales rep, you have the flexibility and frequently get to create your schedule and work the hours that suit you the best. Other perks of this job include a good salary and enormous bonuses, the chance to travel for those that love traveling, and the chance to make a difference in the lives of patients.

Some non-cash benefits for Pharmaceutical Sales Rep

Some of the common non cash benefits for Pharmaceutical Sales Reps encompass but are not limited to 401(k) matching; Company car; Dental insurance; Health insurance; Paid time off; Vision insurance, and many others.

Place where Pharmaceutical Sales Rep receive the topmost Salaries

In St. Louis, Missouri, a pharmaceutical sales rep makes a median yearly salary of 94, 740 US dollars and receives a commission of 21, 500 US dollars, which is forty-two higher than the average national per annum. There are some companies in St. Louis, Missouri that pays a higher salary per annum than the stated amount. 

Also, based on the pharmaceutical sales rep’s years of experience, the following salaries are paid per annum: For a pharmaceutical sales rep with 1 to 2 years of experience, the average salary is 86, 766 US dollars per annum, for a pharmaceutical sales rep with a 6 to 9 years experience, the average salary is 111, 622 US dollars per annum, and for a pharmaceutical sales rep with a greater than 10 years experience, the average salary is 114, 131 US dollars per annum.

Conclusion

The salaries of pharmaceutical sales reps based on the national average are 76, 170 US dollars per annum base pay and 21, 500 US dollars in commission. In addition to some other non cash bonuses and benefits like 401(k) matching; Company car; Dental insurance; Health insurance; Paid time off; Vision insurance, and many others that each pharmaceutical sales rep that meets the annual targets receives. And salaries also increase based on the years of working experience of the pharmaceutical sales rep.