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Pharmaceutical sales representative hiring summary. Here are some key points about hiring pharmaceutical sales representatives in the United States:
Here's a step-by-step pharmaceutical sales representative hiring guide:
The job of pharmaceutical sales representatives is to inform and educate doctors about a company's medical and pharmaceutical products. They serve as the link between a company and healthcare professionals to hit sales targets. They have varied responsibilities, including assessing clients' needs and presenting suitable products, delivering product samples, and working sales teams to develop and implement brand strategies. This role's qualifications include relevant work experience, excellent communication, sales, negotiation skills, and a bachelor's degree in a relevant field.
Before you start hiring a pharmaceutical sales representative, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A pharmaceutical sales representative's background is also an important factor in determining whether they'll be a good fit for the position. For example, pharmaceutical sales representatives from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of pharmaceutical sales representative salaries for various roles:
| Type of Pharmaceutical Sales Representative | Description | Hourly rate |
|---|---|---|
| Pharmaceutical Sales Representative | Wholesale and manufacturing sales representatives sell goods for wholesalers or manufacturers to businesses, government agencies, and other organizations. They contact customers, explain product features, answer any questions that their customers may have, and negotiate prices. | $20-52 |
| Representative | Representatives are lawmakers who represent the people in a specific district. They run for office to represent their districts in their hometown or their current place of living... Show more | $11-26 |
| Territory Representative | A territory representative is responsible for selling the company's goods and services within a designated area, negotiating offers with potential clients, and identifying business opportunities according to market trends and customer demands. Territory representatives analyze the sales performance and strategize techniques to reach sales targets by coordinating with the whole sales team... Show more | $14-24 |
Including a salary range in the pharmaceutical sales representative job description is a good way to get more applicants. A pharmaceutical sales representative salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a pharmaceutical sales representative in Arkansas may be lower than in Massachusetts, and an entry-level engineer typically earns less than a senior-level pharmaceutical sales representative. Additionally, a pharmaceutical sales representative with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $93,512 | $45 |
| 2 | New York | $86,258 | $41 |
| 3 | New Jersey | $76,133 | $37 |
| 4 | Virginia | $73,660 | $35 |
| 5 | California | $72,502 | $35 |
| 6 | Pennsylvania | $67,907 | $33 |
| 7 | Kentucky | $65,794 | $32 |
| 8 | Illinois | $64,955 | $31 |
| 9 | Maryland | $64,811 | $31 |
| 10 | Texas | $63,980 | $31 |
| 11 | Wisconsin | $63,016 | $30 |
| 12 | Colorado | $60,872 | $29 |
| 13 | Utah | $60,842 | $29 |
| 14 | North Carolina | $57,942 | $28 |
| 15 | Minnesota | $57,355 | $28 |
| 16 | Ohio | $57,179 | $27 |
| 17 | Indiana | $54,687 | $26 |
| 18 | Michigan | $54,641 | $26 |
| 19 | Florida | $53,432 | $26 |
| 20 | Georgia | $49,239 | $24 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Eli Lilly and Company | $111,775 | $53.74 | |
| 2 | AstraZeneca | $93,701 | $45.05 | 58 |
| 3 | QuintilesIMS | $65,431 | $31.46 | 55 |
| 4 | Community Pharmacy Services LLC | $61,994 | $29.80 | |
| 5 | Fresenius Medical Care Windsor, LLC | $61,916 | $29.77 | 1 |
| 6 | Ashfield Healthcare | $61,724 | $29.68 | |
| 7 | TrialCard | $61,341 | $29.49 | 2 |
| 8 | Lilly & Company | $61,111 | $29.38 | |
| 9 | Indivior | $60,833 | $29.25 | 4 |
| 10 | Fresenius Medical Care North America Holdings Limited Partnership | $58,594 | $28.17 | 1 |
| 11 | Patterson Companies | $57,295 | $27.55 | 81 |
A good pharmaceutical sales representative job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a pharmaceutical sales representative job description:
There are a few common ways to find pharmaceutical sales representatives for your business:
Your first interview with pharmaceutical sales representative candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect pharmaceutical sales representative candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new pharmaceutical sales representative first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire pharmaceutical sales representatives, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire pharmaceutical sales representatives pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for pharmaceutical sales representatives is $68,571 in the US. However, the cost of pharmaceutical sales representative hiring can vary a lot depending on location. Additionally, hiring a pharmaceutical sales representative for contract work or on a per-project basis typically costs between $20 and $52 an hour.