Sales Consultant, Medical Sales Salary
A big portion of take-home pay for Medical Sales Consultants — nearly two-fifths, in fact — arrives through commissions. This profession's median overall income is approximately $90K. Career duration is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical and dental coverage in this occupation, and a strong majority get vision benefits. Most Medical Sales Consultants like their work and job satisfaction is high. Women make up the majority of Medical Sales Consultants (63 percent) who completed the questionnaire. Participants in PayScale's salary questionnaire provided the particulars of this report.
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.
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Pay by Experience Level for Sales Consultant, Medical Sales
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Medical Sales Consultants with a rich background of experience are typically rewarded with larger paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $64K, but folks who have racked up five to 10 years see a notably higher median of $98K. The average pay reported by folks with 10 to 20 years of experience is around $99K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $111K.
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