After extensive research and analysis, Zippia’s data science team found that: There are over 137,653 medical sales representatives currently employed in the United States.
Are medical device sales in demand?
The global medical device market is expected to reach an estimated $409.5 billion by 2023. ... Medical sales jobs are in high demand because of the high earning potential, even though they can often be challenging. According to MedReps, the average salary base is $92,698 with an average bonus $63,318 totaling to $149,544.
How much do medical device sales reps make?
In fact, according to Med Reps’ recent salary survey, the median total compensation for a medical sales rep is $149,544 , with an average base salary of $92,698 and an average bonus of $63,318 in 2018.
Is it hard to get a job in medical device sales?
Medical device sales is a highly competitive and demanding field , but it is also very rewarding, so it’s no surprise that many people want to get into this industry and begin their career path.
What medical device sales reps make the most?
So which medical product category pays sales reps the most? It’s the reps hawking health IT and software who take home the biggest paycheck: an average $169,881, split roughly 50-50 between base salary and commission/bonus. Reps selling surgical devices are the next highest-paid, at $158,328.
What is the highest paying medical sales job?
The top-earning job title was sales director/vice president , making an average $214,755. Last year, the second highest paid title was Sales Manager, but that is now the third-highest paying title, making an average $180,112. Taking over the second place spot is the national accounts title, for an average $191,167.
Which sales reps make the most money?
- Enterprise Sales/Account Executive. Average salary: $75,000. ...
- Pharmaceutical Sales Representative. Average salary: $81,798. ...
- Realtor. Average salary: $54,451. ...
- Medical Device Sales Representative. ...
- Sales Engineer. ...
- Software Sales Representative. ...
- Major Gifts Officer.
Do medical sales reps travel a lot?
Professionals seeking autonomy on the job have good reason to be drawn to medical sales. ... She also notes that a recent study found medical sales reps spend an average of 20 percent of their time traveling overnight .
How much do Stryker sales reps make?
The average Stryker Sales Rep earns $170,000 annually , which includes a base salary of $112,500 with a $57,500 bonus. This total compensation is $59,901 more than the US average for a Sales Rep. Sales Rep salaries at Stryker can range from $135,000 – $205,000 with equity ranging from 10-20K.
Why do medical sales reps go into surgery?
The device reps say they observe surgeries because they are experts on particular devices and their accompanying toolkits , which often include hundreds of wrenches, screws and other hardware to aid in installation. Sometimes, the device reps have observed more surgeries with a particular device than any one surgeon.
What is the best medical device to sell?
- Medtronic.
- Johnson & Johnson.
- Thermo Fisher Scientific.
- Philips Healthcare.
- General Electric Healthcare.
- Fresenius Medical Care.
- Abbott Laboratories.
- Becton Dickinson.
How much do Medtronic reps make?
The average Medtronic Sales Rep earns an estimated $148,899 annually , which includes an estimated base salary of $80,024 with a $68,875 bonus. Medtronic’s Sales Rep compensation is $38,800 more than the US average for a Sales Rep. Sales Rep salaries at Medtronic can range from $43,250 – $260,000.
How much do surgical reps make?
Surgical Sales Representatives in America make an average salary of $74,512 per year or $36 per hour. The top 10 percent makes over $95,000 per year, while the bottom 10 percent under $58,000 per year.
How can I make 100k a year without a degree?
- Business Owner. Small business is the lifeblood of the American economy. ...
- Real Estate Broker. ...
- Sales Consultant. ...
- Air Traffic Controller. ...
- Virtual Assistant. ...
- Plumber. ...
- Firefighter or Police Officer. ...
- Site Manager.
Why do sales reps make so much money?
Good sales people make a lot of money! ... Increased sales and profits means the company can gain new market share , displace a competitor or enter a new market or line of business because of the success the sales person had in selling the company’s products and services.
How much does a medical sales rep make a year?
In fact, according to Med Reps’ recent salary survey, the median total compensation for a medical sales rep is $149,544 , with an average base salary of $92,698 and an average bonus of $63,318 in 2018. That means an average 68 percent increase in payout simply because of commission on making sales.
