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This question is about pharmaceutical sales representative salaries.
How much commission do pharmaceutical sales reps make?
Pharmaceutical sales representatives get paid through a combination of base salary, commission, and bonuses; about half of this amount is commission. Many pharmaceutical sales representatives have an even split between base salary and their commission and bonuses.
Because of the fairly even split between base salary and other compensation methods, the best way to be successful in the field of pharmaceutical sales is to be hardworking, dedicated, and optimistic.
Another factor that can impact income for pharmaceutical sales representatives is the amount of travel; those who travel the most also earn the most. However, there is not much of a difference between people who travel half the time and those who travel a majority of the time.
The other two factors that determine the earning potential of a pharmaceutical sales representative are experience and professional level.
This is because more experienced pharmaceutical sales representatives are able to strategically apply their knowledge to maximize their commission earnings and bonuses. The more time a pharmaceutical sales representative spends in the field, the higher their compensation and other benefits.
People who have worked in the industry for ten years or more make an average annual base salary of $126,000, with total compensation of $184,000. That means they earn over $87,500 more than what entry-level pharmaceutical sales representatives typically make.
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