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 $38,381 more than the US average for a Sales Rep. Sales Rep salaries at Medtronic can range from $43,250 – $260,000.
How much do top medical sales reps make?
The salaries of Medical Sales Reps in the US range from $15,237 to $402,999 , with a median salary of $73,353 . The middle 57% of Medical Sales Reps makes between $73,353 and $182,876, with the top 86% making $402,999.
What is the highest paying medical sales job?
At first glance, it appears the top earners are Sales Directors and VPs working in biotech . After all, according to the 2016 Medical Sales Salary Report, Sales Director / VP is the highest paid job title (average total $209,082), and biotech is the highest paying product category (average total $165,028).
Is medical device sales lucrative?
Compensation can vary widely on tenure, division, and company — but make no mistake, medical device sales is lucrative . Top representatives can pull in $400K+ on a good year.
Is Medtronic a good company to work for?
Medtronic received a 4.2-star rating . Some of its highlighted pros of working with the company include good benefits, but some employees say working at Medtronic — the largest medical device company in the world — involves “typical bureaucracy.”
How much do insulin pump reps make?
The national average salary for an Insulin Pump Sales Specialist is $49,003 per year in United States.
Is medical sales a good career?
Yes, medical sales is a good career option . Medical sales is a thriving and exciting industry. This is largely due to the continual progress in medical technology and a growing population’s increased demand for healthcare products.
How stressful is medical device sales?
Stress. Medical sales jobs also come with considerable stress . Some respondents specifically cited stress caused by the pressure to make quotas, while others mentioned stress caused by the increasing difficulty of gaining vendor clearances.
What do medical sales reps do?
A medical sales representative sells medical supplies to doctors, clinics, facilities and hospitals . The job includes contacting potential customers, explaining the features and benefits of the product, answering questions about the product and negotiating the final deal.
Are medical sales reps rich?
Medical sales reps can work for manufacturers or distributors and may be employees or independent contractors. “ With an average total income of $133,654, medical sales professionals are some of the highest earners in the healthcare industry ,” Melhuish said.
Are medical device sales reps happy?
While most medical sales reps are happy at work —MedReps.com notes 72% of those surveyed said they were very satisfied or somewhat satisfied—14% of respondents said “Management/Leadership” is what they like least about their jobs and 9% said “Money.”
Who is Medtronic’s biggest competitor?
- Sanofi.
- Novo Nordisk.
- Eli Lilly.
Is Medtronic a prestigious company?
Company ranks among top five in industry. Fortune Magazine announced today that Medtronic is once again on its list of “Most Admired Companies.” For 2021, Medtronic ranked fourth in the Medical Products and Equipment category.
Whats IT like to work at Medtronic?
Compensation is lower than average, job stress is high . Not enough people to do all the work; deadlines are determined more by management than by the development teams, so you’re working extra hours to get everything done on time. Not a great work-life balance, imo.
Is it hard to get into medical sales?
While it’s true that medical sales is a highly competitive field and the workload is demanding , if you’re up to the challenge, it’s possible to begin building your career and making a name for yourself almost immediately. It’s important to understand, though, that unlike other fields, medical sales is a journey.
How do I break into medical sales?
- Marketing internship. If you are currently enrolled in a Bachelor’s degree program, consider our Marketing internships. ...
- Sales Operations Rotational Program. ...
- Associate-level roles. ...
- Leadership skills. ...
- Sales experience in any industry. ...
- Proven sales success. ...
- Build relationships.
How do you succeed in medical sales?
- Get to The Hospital Before The Doctors. ...
- Don’t Take a Break at Lunchtime. ...
- Get to Know the Lay of The Land. ...
- Always Keep The Patient in Mind. ...
- Know Your Products Like The Back of Your Hand. ...
- Be Responsive. ...
- Follow Through. ...
- Prepare for The Negatives.
Is medical rep a good job?
A medical representative can be a good career because of the following reasons: Opportunity for career growth: with experience and the right skill set, a medical representative can make an advancement in their career in no time. You can transition from a field trainer to a sales manager within a few years.
What makes a good medical sales rep?
Building better relationships is the key to a successful medical sales representative career, important both with new and existing clients. In the early stages of a relationship, clients will be hyperaware of whether you deliver on your promises, show them respect and make them feel valued.
What is a typical day for a pharmaceutical sales rep?
Day-to-day duties vary based on the company they work for, the territory they are assigned to, and the medications they are representing. However, typical responsibilities include: Scheduling meetings with medical professionals . Educating medical professionals about the effectiveness, use, and side effects of drugs.
