Interviewing


That is a complete lie. ferring has thoroughly investigated industry norms and with the exception of an equity sharing plan Ferrings total compensation is average to the industry. That is fact. As for other benefits, such as health care, vacation, etc. Ferring follows the norm as well. The only argument which is valid is equity (stock grants, options, etc.) but this can be debated (not all public pharma companies are doing well, share holder perception driving company decision is not healthy, so being private may have an advantage, but you can potentially make more money in the long run with a public company due to equity compensation). But as far as core comp (base and bonus) Ferring is not the highest and it's not the lowest.

Not the lowest? Ha. The only way this is true is if you consider contract sales part of the equation. Then, Ferring would probably be middle of the pack. If you want to pay primary care wages, then just call it a primary care job.
 

Not the lowest? Ha. The only way this is true is if you consider contract sales part of the equation. Then, Ferring would probably be middle of the pack. If you want to pay primary care wages, then just call it a primary care job.

This is standard HR blather when the company us going nowhere and they buses employees as cogs in their machine. You want to be a moderately paid, unappreciated cog in a machine with no future? Then go ahead join this shithouse! If you're smart.... You will move along to next on list
 
How much does this company pay in base? What's the average bonus payout in a major city and within 20 minutes of a major city on the east coast?

75-85k. And maybe 3-3500 qtr if you're real fortunate. So many better opportunities for anyone with skill
 
Not the lowest? Ha. The only way this is true is if you consider contract sales part of the equation. Then, Ferring would probably be middle of the pack. If you want to pay primary care wages, then just call it a primary care job.

This all depends on who reps consider Ferring's "comparable" companies are. If you are comparing Ferring pay to small companies with me too products, then Ferring salaries are right in line. These companies pay primary care salaries because their products are commodities.

If you are comparing Ferring salaries to specialty reps with other companies in the oncology, big/small biotech, or niche markets, then yes Ferring salaries are substantially less.

I hate to burst many reps bubbles, but Ferring rep jobs are not exactly cutting edge specialty jobs that demand high salaries. Look at the commodity products in the portfolio. No science and comparably low sales. True oncology products costs $5,000-$10,000/month. Gilead's new Hep-c products cost almost $100,000/year. So these reps, fair or not, will get paid salaries of $120K or more. What kind of revenue does Ferring make on any of its products? You want to pay someone $120K to sell a bowel prep?

If you want to make the salaries that the Gileads, Celgenes, Amgens, Genentechs, or true biotechs offer, you have to go work for them. Unfortunately there haven't been many Ferring reps that have landed such jobs. Even getting a big pharma oncology job would pay better, but again not many Ferring reps land those jobs without another stop in between. Most ex-Ferring reps end up at another small to mid sized pharma company selling another me too product. If lucky they move up by selling something a little more specialized with a more scientific sell. It's not fair as some Ferring reps could outsell many biotech reps, but that's just how other companies perceive the experience selling Ferring products.

So the truth may hurt, but Ferring does pay reps what other comparable companies pay their reps. There will always be exception.
 
This all depends on who reps consider Ferring's "comparable" companies are. If you are comparing Ferring pay to small companies with me too products, then Ferring salaries are right in line. These companies pay primary care salaries because their products are commodities.

If you are comparing Ferring salaries to specialty reps with other companies in the oncology, big/small biotech, or niche markets, then yes Ferring salaries are substantially less.

I hate to burst many reps bubbles, but Ferring rep jobs are not exactly cutting edge specialty jobs that demand high salaries. Look at the commodity products in the portfolio. No science and comparably low sales. True oncology products costs $5,000-$10,000/month. Gilead's new Hep-c products cost almost $100,000/year. So these reps, fair or not, will get paid salaries of $120K or more. What kind of revenue does Ferring make on any of its products? You want to pay someone $120K to sell a bowel prep?

If you want to make the salaries that the Gileads, Celgenes, Amgens, Genentechs, or true biotechs offer, you have to go work for them. Unfortunately there haven't been many Ferring reps that have landed such jobs. Even getting a big pharma oncology job would pay better, but again not many Ferring reps land those jobs without another stop in between. Most ex-Ferring reps end up at another small to mid sized pharma company selling another me too product. If lucky they move up by selling something a little more specialized with a more scientific sell. It's not fair as some Ferring reps could outsell many biotech reps, but that's just how other companies perceive the experience selling Ferring products.

So the truth may hurt, but Ferring does pay reps what other comparable companies pay their reps. There will always be exception.
Yeah but you're a doody fart boy
 
look sad news is, you are all having an open conversation for the rat with the prostate cancer competitive market monitoring project. These competitive intelligence rats are knows to post comments as candidates for positions like whomever posted original post this thread. Oldest trick in the book. Make a comment, stir things up, then monitor away. They are unqualified to have thee conversation person to person. They owe you all big time.
 
This all depends on who reps consider Ferring's "comparable" companies are. If you are comparing Ferring pay to small companies with me too products, then Ferring salaries are right in line. These companies pay primary care salaries because their products are commodities.

If you are comparing Ferring salaries to specialty reps with other companies in the oncology, big/small biotech, or niche markets, then yes Ferring salaries are substantially less.

I hate to burst many reps bubbles, but Ferring rep jobs are not exactly cutting edge specialty jobs that demand high salaries. Look at the commodity products in the portfolio. No science and comparably low sales. True oncology products costs $5,000-$10,000/month. Gilead's new Hep-c products cost almost $100,000/year. So these reps, fair or not, will get paid salaries of $120K or more. What kind of revenue does Ferring make on any of its products? You want to pay someone $120K to sell a bowel prep?

If you want to make the salaries that the Gileads, Celgenes, Amgens, Genentechs, or true biotechs offer, you have to go work for them. Unfortunately there haven't been many Ferring reps that have landed such jobs. Even getting a big pharma oncology job would pay better, but again not many Ferring reps land those jobs without another stop in between. Most ex-Ferring reps end up at another small to mid sized pharma company selling another me too product. If lucky they move up by selling something a little more specialized with a more scientific sell. It's not fair as some Ferring reps could outsell many biotech reps, but that's just how other companies perceive the experience selling Ferring products.

So the truth may hurt, but Ferring does pay reps what other comparable companies pay their reps. There will always be exception.

Not true at all, since January there have been 3 reps hired away by Amgen, 2 to Salix, 1 to Abbvie, and I forget the rest. These companies know that Ferring reps have to work their ass off for cheap pay and are ridden hard. The lowest salary I've heard someone get so far is 98k. I heard some RDs are getting paid more to be DMs at other companies, and DMs are getting paid more to be reps than what Ferring was paying. I've had recruiters tell me Ferring's
Pay is way below average
 
Not true at all, since January there have been 3 reps hired away by Amgen, 2 to Salix, 1 to Abbvie, and I forget the rest. These companies know that Ferring reps have to work their ass off for cheap pay and are ridden hard. The lowest salary I've heard someone get so far is 98k. I heard some RDs are getting paid more to be DMs at other companies, and DMs are getting paid more to be reps than what Ferring was paying. I've had recruiters tell me Ferring's
Pay is way below average

You lier. Stop making up fake stuff. Oh I'm soooo mad. You're a crap head.
 


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