Base salary

[Anonymous]

Your experience will change the more experience you get. I was making 125K base, and now I had to beg to get a job makin 70K--because the companies do not continue to give raises. If I held out for a 90 - 100K base, I would still be unemployed. Sad, but true. Now, I am looking for another position, and I am having more luck--when I can tell them the new 70K base. The high base was keeping me from getting interviews and recruiters would hang up on me.

I think it is very therapeutic area specific. I just hired 2 new oncology reps all making around $120K. In oncology access is so difficult and restricted companies are paying for relationships and access. During the interview process I had all candidates submit at least 10 references of oncologists and I called each one to verify the relationship. A few came back and the doctor didn't know the rep and they were immediately dropped from the interview process.

Anyone can learn any therapeutic are enough to sell in it, now with all the guidelines you have to "buy" all ready established relationships, since there is very little opportunity for reps to develop new relationships in oncology.

 

[Anonymous]

I am a hospital rep with 16 years industry experience with 12 of those in hospital sales. My base is $134,000 salary with 35-40k bonus.

 

[anonymous]

Rare Disease is the place to be. You have to have experience calling on key IDN decision makers, specialists in the Therapeutic are you are working in & takes a lot of pull through to get patient on therapy. Some ultra rare disease reps ha e a goal of getting one patient on therapy per quarter: it’s a grind but pay is usually base of 155-195k, plus bonus of 75-100k, plus RSU stocks if it’s a biotech/startup situation. If you can take the grind of going three months with one patient starting therapy the rewards on the income end can be mind-blowing. Big money in Rare Disease - bottom line.