Sales Consultant, Medical Sales Salary
A large fraction of take-home pay for Medical Sales Consultants comes from commissions — close to two-fifths on average, in fact. The median overall income in this field is approximately $89K. Career length is the biggest factor affecting pay for this group, followed by geography. Female Medical Sales Consultants are more common than men among those who completed the survey; more than half (61 percent) are women. Though the majority of Medical Sales Consultants do not report high levels of job satisfaction, most are moderately content with their role. Most receive medical and dental insurance and the greater part get vision insurance. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$40,359 - $107,901|
|Bonus||$3,878 - $41,562|
|Commission||$5,017 - $87,586|
|Total Pay (||$43,410 - $138,817|
Job Description for Sales Consultant, Medical Sales
Sales consultants for medical sales serve as intermediaries between pharmaceutical/biotech companies and practicing physicians/hospitals, and their job is to execute marking strategies and bring medicines and drugs to those who dispense them. They often travel from place to place to inform physicians and managers who may not know of their products or their benefits. They are also responsible for direct sales, taking orders, and promoting their products in a variety of ways.Read More...
A bachelor's degree in business, marketing, or a related field is highly beneficial for candidates for this position, and basic knowledge of how medications work is absolutely necessary. Strong social and interpersonal skills are also beneficial, as much of the job focuses on confirming sales and building relationships, which is crucial in developing a network and closing sales.
Those in this position work directly with physicians and other sales consultants. Although travel is common, most medical sales consultants work during traditional weekly business hours.
Sales Consultant, Medical Sales Tasks
- Research, contact and develop new prospects in a region.
- Participate in organizational, community and relevant meetings and gatherings.
- Answer questions, provide information and coordinate training programs.
- Maintain relationships with prospective and existing customers while promoting products.
Pay by Experience Level for Sales Consultant, Medical Sales
Pay by Experience for a Sales Consultant, Medical Sales has a positive trend. An entry-level Sales Consultant, Medical Sales with less than 5 years of experience can expect to earn an average total compensation of $69,000 based on 38 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sales Consultant, Medical Sales with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $101,000 based on 27 salaries. An experienced Sales Consultant, Medical Sales which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $100,000 based on 30 salaries. A Sales Consultant, Medical Sales with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $80,000 based on 7 salaries.
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Key Stats for Sales Consultant, Medical Sales
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