Biotechnology shows the highest total compensation for the third year in a row. Pharmaceuticals, medical supplies, and medical equipment have increased year-over-year.
Physician, Surgery / OR, and Hospital markets are the most common to sell to. Surgery / OR proves to be the most profitable market for sales reps. Although the base salaries are lower, they receive higher commissions than those selling to other markets.
46% of Medical Sales College graduates are placed in careers outside of Orthopaedics. Our custom sales methodology promotes a transferable skillset to multiple industries.
Sales reps going into their 30s see a significant income jump, and it is this age group earning the highest commissions. Reps in their 40s report the highest total income, despite making a lower base salary than those in their 50s and 60s.
Once reps have ten years of experience (most do in their 30s), additional experience does not affect income as much as it does in earlier stages of a career in medical sales.
Nothing affects Medical Sales Rep salaries as much as job title. Income increases with responsibility. Sales Managers earn a base salary that is 40% more than the reps they manage. Medical Sales Directors and VPs earn a base salary that is 24% more than Sales Managers.
Despite the differences in base salaries, the average commissions for the medical sales job titles listed were within a 10% range.