EndoChoice

Anyone heard about this company? GI medical I believe.

 

endochoice is the most progressive and exciting company in GI, but their standards are very high! and lots of interesting products. if you can get in and don't mind hard work, you'll love it.

 

They are a distributor, not a manufacturer with no quality control and very little training.

 

You gota be able to sell to work here or you starve. There is a first year guarantee but they want to wean you to straight comission.

 

Outside looking in... It seems the top rep on straight commission makes more than $200k and the company is in the Inc 500 fastest growing companies in america. And they aggressively introduce new products. I'm sure it's not easy, but it looks like they're heading the right direction.

 

Agreed. But warning to pharma sales people.....This is more like b to b sales-you actually have to work. Pharma people typically flame out quickly

 

has anyone worked here before? What is their commission structure like? Average salaries?

 

Yes I'd like to hear about this company too?

 

initial salary and then onto straight commission.

 

Is there any micromanagement???

 

I have heard that Endochoice has a unique sales training program. There is an acronym that is attached to the program. has anyone had experience with this?

 

You sell garbage bags and get crushed by the major endo companies everyday

 

Very true. A bunch of Boston Scientific and Given Imaging rejects run the place and are delusional about the company..."fastest growing company in GI"! They are barely in the margin of error for market share in forcep and stent market. A big win is undercutting the price of bite blocks to gain an account. Not on any major hospital contracts either that will not even get you credentiled in many hospital systems.

 

everyone is not so happy about endochoice's success.

boston scientific is crumbling. olympus just laid off more than 70 gi sales reps last month. endochoice just doubled the size of their sales force to keep up with growth that no company in gi has seen in many years. take a look at INC magazine at the end of August and you'll see EndoChoice in the top 500 fastest growing companies in america... sure some competitors are upset, but it's hard to argue with success.

 

Sounds worth looking into. Very few companies growing at those rates in this economy. Glad I wasn't working for Olympus. This healthcare world sure is changing.

 

built to be sold off when VC's want their $ (soon). better get some equity if you get on board or network for other jobs as the sales force will no longer be needed when that day comes.

 

I'm guessing the endochioce sales force is more stable and more exciting than the boston scientific job. Water cooler talk at boston is pretty ugly and it's only worse at Olympus. Not sure about the other gi companies. Anybody have insights into Fuji, Pentax or Given Imaging?

 

heard EndoChoice made the Inc 500 list, so checked it out. Sure nuff, highlighted in this INC issue - September 2011. #103 fastest growing company in america and #6 fastest growing healthcare company. Pretty impressive. Guess it's true they have strong management team.

 

Fast growing but still on borrowed money - not turning a profit yet. No new ideas - just copying competitor products and shipping them cheap from China. Base salary until you go to straight commission. It takes forever to get above base - but salaries are negotiable. Good place in a bad market - until something better comes along.

 

From what I'm reading, EndoChoice starts you on a salary and then transitions you to a full commission comp plan. Can anyone tell me what the average earnings are in year 1? Year 2? Year 3?