Genmab

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anonymous

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Interesting company, base salary for managers is a little on the low side. The rest of the comp and benefits look outstanding, which may make up for the lower base when you add it all together. A

Looks like they are brining all managers in at $250K, $60k at plan for IC, $1000 a month car allowance. 60% of base salary in equity, and NO out of pocket for health insurance - which is pretty amazing.

Anyone hear anything different?
 


anonymous said:
Interesting company, base salary for managers is a little on the low side. The rest of the comp and benefits look outstanding, which may make up for the lower base when you add it all together. A

Looks like they are brining all managers in at $250K, $60k at plan for IC, $1000 a month car allowance. 60% of base salary in equity, and NO out of pocket for health insurance - which is pretty amazing.

Anyone hear anything different?
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Was told the same…unfortunately they are not flexible on the base salary which is on the lower side, other than that seems interesting.
 




anonymous said:
Managers are not worth 250 a year. I think that base is way too high for any manager and I have had some good ones.
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Well since you are not the one who sets the market rate for compensation, I guess it really doesn’t matter. Just so you know $250k is mediocre to low for tenured oncology managers.
 


anonymous said:
Interesting company, base salary for managers is a little on the low side. The rest of the comp and benefits look outstanding, which may make up for the lower base when you add it all together. A

Looks like they are brining all managers in at $250K, $60k at plan for IC, $1000 a month car allowance. 60% of base salary in equity, and NO out of pocket for health insurance - which is pretty amazing.

Anyone hear anything different?
Click to expand...
What a waste. 250k for DMs. The stupidest people on earth with massive arrogance.
 














anonymous said:
Yes

DM are the most unnecessary personal in a company.
Do you need an arrogant ass to ride w you once a month?

what can he teach you ? Zero

except to tell you are holding the pen wrong
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Ok I get it. You are a primary care rep. Oncology managers rarely ride with their reps. Once a quarter…maybe.

Unnecessary? So you would have a field sales force of 100 reps reporting into the VP of Sales? Guessing you weren’t a business major, or any sort of people leader. There is no way to have 100 people directly reporting into one person, where most of their day is filled with home office meetings etc.. You honestly think 8 managers with $250k salaries are why drugs are expensive? Wow. Are you new to the industry?
 


They are consistently low with the rep salary. I also heard 30% of base in equity. The package seems lite and business planning with multiple pods from Abbvie does not seem to be a great benefit. Maybe this was acceptable for all the big pharma managers they recruited but certainly below industry standard.
 


Genmab is about to have an eye opening experience. First off, the recruiter they use came across as arrogant and actually clueless. Why do you allow a recruiter this much control when choosing the future of your organization. Genmab doesn't know how competitive this space is. This is a small market, the primary care tactics don't work here. The salary was much lower than most top reps make. They didn't get the cream of the crop. The panel interviews were a joke. This drug will get some use but not what genmab thinks the market is. Incompetent management leads to an incompetent launch.
 




Same thing happened to me with the recruiter. She mentioned my age and corrected herself and said experience. I reminded her I have 7 years oncology. She told me she has other candidates with a lot more so she will keep me in her file. This was the recruiter after the hiring manager wanted me to interview…. Ridiculous and embarrassing.
 


anonymous said:
Genmab is about to have an eye opening experience. First off, the recruiter they use came across as arrogant and actually clueless. Why do you allow a recruiter this much control when choosing the future of your organization. Genmab doesn't know how competitive this space is. This is a small market, the primary care tactics don't work here. The salary was much lower than most top reps make. They didn't get the cream of the crop. The panel interviews were a joke. This drug will get some use but not what genmab thinks the market is. Incompetent management leads to an incompetent launch.
Click to expand...
 




anonymous said:
Ok I get it. You are a primary care rep. Oncology managers rarely ride with their reps. Once a quarter…maybe.

Unnecessary? So you would have a field sales force of 100 reps reporting into the VP of Sales? Guessing you weren’t a business major, or any sort of people leader. There is no way to have 100 people directly reporting into one person, where most of their day is filled with home office meetings etc.. You honestly think 8 managers with $250k salaries are why drugs are expensive? Wow. Are you new to the industry?
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BMS rep here I am with my DM more than once a quarter. Dog and pony show it's just awful. Has no clue what Onc is like. DBM's could take on two districts and do mostly admin and support, that's all that is needed.
 





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