Compensation

Discussion in 'The Darkened Sample Closet' started by anonymous, Feb 20, 2020 at 2:43 PM.

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  1. anonymous

    anonymous Guest

    From time to time we all probably wonder how well we’re doing compared with other reps in our industry, but I haven’t seen any recent posts with real world comparisons.

    I’ve been in the industry for 23 years, all as a rep and work for a smaller company focused on rare diseases. Base pay is 165K and bonus at plan is 60K per year which I was fortunate enough to far exceed.

    Add in yearly stock grants of 50K and 850 per month plus mileage for a car allowance. Signed up for the best benefits for my family which are 600 per mo.

    401k match is 100% up to 6% and espp offers a 15% discount capped at a 10% of salary.

    Anyone in a similar role care to share?
     

  2. anonymous

    anonymous Guest

    Similar. Large biotech, 21 years. $168,000 base. Bonus at plan near $40,000 (like you always exceeded that in my 6 years). Great healthcare benefits. Company car with everything paid and spouse can use. Unlimited budget for lunches and dinners.

    401K match at dollar for dollar up to $15,000 a year. ESPP up to 10% of salary at 15% discount. RSU stock granted yearly usually between $15,000 to $35,000.
     
  3. anonymous

    anonymous Guest

    What's the point of this thread if you don't mention the name of the company where you work?
     
  4. anonymous

    anonymous Guest

    200 + grand to be a drug rep...great gig for sure...

    But obscene and indicative of a corrupt industry that plays by its own economic rules...

    No other industry pays people like this for essentially part time work schmoozing health
    care professionals...

    none of it makes any sense.
     
  5. anonymous

    anonymous Guest

    Ever notice that everybody ALWAYS exceeds targeted bonus. Allegedly.
     
  6. anonymous

    anonymous Guest

    20 years in bio pharma. Ended up in a toxic situation and had to leave. Went to diagnostics. It’s a fun gig and Docs return my emails and take my calls. Hybrid role of 1/2 sales and 1/2 working with clinical operations to help place trials in academia. Heavy heavy work load like nothing I’ve experienced in pharma. I also had to take a base cut to $150. Sucks. $60 bonus @ target. No stock, way below average benefits. I’m already looking to get another bio pharma gig and get back to a better base and get the stock. The diagnostic gig is really interesting, but the cut in pay due to the lack of stock and crap 401 match sucks. I know several people who have dabbled in diagnostics and got back into pharma as soon as they could.
     
  7. anonymous

    anonymous Guest

    Yes.
    Its absolutely absurd.
    Evolved beings dont sell in this industry.
     
  8. anonymous

    anonymous Guest

    Evolved beings can’t hack it, get fired, and then get on this board and bitch. The rest of us make the Jack we deserve and the market is willing to pay!
     
  9. anonymous

    anonymous Guest

    A dying career. Has been for years.
     
  10. anonymous

    anonymous Guest

    $200k for being a lazy, ass licking loser is a good wage. For the truly talented....not such a good wage.
     
  11. anonymous

    anonymous Guest

    $200k base or $200k total?

    My $187k base adding bonus and stock vest put me well over $400 for the last few years. $1k car allowance (which I rarely drive) bought me a new $60K car a few years ago.

    Say what you want about being a “drug rep”, but it will be a nice career for me
     
  12. anonymous

    anonymous Guest


    its they're genius. im so glad we didnt hire you


    Yawn. Your posts are consistent, idiotic and boring


    Wrong, stupid. You need to be licensed if you sell securities. Anyone can give stock advice. Shut, the fuck, up. Regardless of how stupid you sound and look, you continue to post. Your obsession is pathetic.


    I hope you were good today. Did you cook 3 dozen eggs, 5 pounds of bacon, and a loaf of toast for that special someone? A light breakfast.
     
  13. anonymous

    anonymous Guest

    Put down the bong
     
  14. anonymous

    anonymous Guest

    The country is bankrupt. They will be coming after your 401k big time. Good luck everyone.