While ZipRecruiter is seeing salaries
as high as $204,978 and as low as $21,137
, the majority of salaries within the Orthopedic Sales jobs category currently range between $41,290 (25th percentile) to $88,479 (75th percentile) with top earners (90th percentile) making $157,296 annually in California.
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 do orthopedic sales reps do?
An orthopedic sales representative
markets and sells products designed to alleviate orthopedic trauma and aid in orthopedic reconstruction
. Her client base normally comprises orthopedic physicians and surgeons, physical therapists, and clinic and hospital personnel authorized to purchase orthopedic equipment.
How do medical sales reps make money?
With most pharmaceutical companies
you get a salary and you also get paid commission on your drugs that you sell
. So, if you sell 160 percent of one product, you get paid on 60 percent over that quota. The more you sell the more you make, so the harder you work, the more money you make.
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.
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.
Is medical sales lucrative?
Medical sales is known as a lucrative profession
, but even within sales, some representatives get paid more than others. Find out what an annual salary report says is the best-paid category of medical sales.
How much should a sales rep produce?
In sales, these incentives often take the form of a commission—an amount that is paid out on top of a regular salary and is based on the percentage of sales that an employee generates. Sales commission rates range from 5% to as much as 50%, but most companies pay
between 20-30%
.
What do Stryker sales reps do?
At Stryker, our sales professionals
sell products that improve patient’s lives
. Our diverse array of innovative medical technologies, including reconstructive, medical and surgical, and neurotechnology and spine products help people lead more active and satisfying lives.
Is being a medical sales rep hard?
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 you move up in medical sales?
Utilize social media, forums, and medical device conferences to meet other professionals in the industry
. Online, LinkedIn groups and industry specific forums like MedZilla are huge opportunities for medical device sales reps. Although a bit less specific, apps like r/sales have great networking opportunities.
What doctors want from sales reps?
Doctors say they don’t want reps to sell them a product reciting a list of product features. Rather, doctors say they value
resources that help them in their efforts to provide quality care for the patient
.
Do you have to be attractive to be a pharmaceutical sales rep?
“
Usually pharmaceutical reps are attractive people
, but they are also usually trained in the products they are selling,” Gundersen said. “They are salespeople, but they are familiar with the products and the risks and benefits and the research behind those products.”
Is medical sales worth it Reddit?
“
I would totally recommend it if you can get in it
. They are not hard jobs to do, they are hard jobs to get. High income, easy hours, and lots of job security if you are good. In general medical sales is kinda high risk high reward.
Can you make millions in medical sales?
What annual pay rate do you think you can possibly reach? A look at the top earners in our 2016 Medical Sales Salary Report found
14 percent of the respondents earn between $200,000 and $300,000
. An additional 4% earn more than $300,000. That means a total of 18 percent earn upwards of $200,000 annually.
How can I be the best at 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.
Can you make a lot of money in medical device sales?
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.
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.”
Is medical sales College legit?
Medical Sales College is
a licensed college
specifically designed for those interested in the orthopedic device sales industry. It was founded in 2010 by Jim Rogers, the current CEO, who spent 25 years in sales and sales management roles.
Is medical device sales a stable career?
High Career Stability
: if you are a high performing representative, you will almost always have high job security. Unlike other industries that are heavily influenced by ups and downs in the market, the medical sales industry is relatively stable as procedures are often not elective.
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.
