Avg. Entry Compensation*
Overall Job Placement*
Graduate from MSI in
*Average entry-level compensation for a sales rep with 0-2 years experience, 2021 MedReps Salary Survey. Job placement rate calculated as of January 1, 2022, by dividing the number of placed graduates by the number of on-campus graduates for all current 12-week on-campus programs.
Why choose to become a medical sales rep? It’s a career that places you in a rewarding, lucrative industry with high earning potential, flexible work, and the opportunity to impact patients’ lives through the medical device products you sell. Medical sales reps also have control over their career success – it’s a field where effort equals earnings.
Speak to any person who has found success in the medical device industry, and they will tell you that a career in medical device sales is one of the most rewarding professional, and personal, experiences one can have.
A career in medical sales can provide you the opportunity to create wealth that will improve not only your quality of life, but also impact your family tree. And beyond the personal rewards you will realize, you are also positively affecting patient outcomes, improving the health of patients that use your products, while providing real-time consult to the doctors you work with.
The medical device industry is an exciting and ever-evolving space, that even in periods of economic downturn will always fill a demand for talented sales professionals who provide innovative products. It takes dedication, hard work, and determination not only to break in, but to find lasting success. But anyone in the field will tell you it’s well worth the effort.
Below you will find several key statistics that illustrate what you can expect as you evolve in your career as a medical device professional. Join an industry that has high job security, fantastic benefits, competitive compensation, and high job satisfaction. Let us fast track your medical sales career!
Average total compensation (base + commission + bonus) based on average years of experience and sales title.
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.
Income based on a survey of 2,000 employed medical sales professionals with an average of 12.78 years of experience.
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.
Nearly 2,000 employed medical sales professionals took the salary report survey in March 2021.
– Medical Device
– Surgical Device
– Capital Equipment / DME
– Medical Supplies / Disposables
For over a decade, Med Sales Institute has helped thousands of individuals land their dream job in the medical device industry. Affordable 8 and 12 week programs provide you with the clinical knowledge, hands-on experience, consultative sales training, and career development that has resulted in an 83% job placement rate.
Professional networking is an important part of being a medical sales rep. It’s how you make connections with people in your field and find out what’s going on in the industry at large. You can also use it to find out about job openings, get new clients, and learn what you need to do to succeed in the field. Remember that networking means building relationships with people who can help support your career goals. Never underestimate the power of networking—it’s a handy tool that you’ll use your entire career. According to MedReps‘ these are the top professional networking tips for medical sales reps:
1. Practice your elevator pitch
2. Be prepared to listen and ask plenty of questions
3. Dress and act professionally
4. Attend industry conferences
All Med Sales Institute (MSI) graduates create a professional profile, allowing them to get in front of 3,300+ industry hiring managers across the nation. MSI graduates are being hired every day.
– Hiring Managers reach out to graduates with job opportunities
– Up to one (1) year access
– Professionally produced profile