MedReps Survey Finds Medical Sales Salaries Realize Biggest Single-Year Increase
Posted on June 12, 2019 by Medtech[y] Staff
MedReps recently announced their annual Best Places to Work in Medical Sales and have now released their 2019 Medical Sales Salary Report, which analyzed data collected from 2,033 professionals currently working in medical sales. We covered the report in 2017 and 2018.
“The healthcare industry continues to expand, and medical sales salaries are reflecting that growth,” said Karyn Mullins, President at MedReps. “The survey shows money is not the only factor sales professionals care about, and top companies recognize the importance of offering work-life balance and flexibility to their employees.”
These are some of the notable findings from MedReps’ 2019 Medical Sales Salary Report:
- Biotech sales professionals are the top-earners in medical sales with an average total income of $177,243.
- Medical sales reps in their 40s earn the most. Respondents in their 40s earn more than any other age group, regardless of experience.
- Men in medical sales still out-earn women. While women in pharma are approaching income parity with men, female professionals working in other product segments report significantly lower incomes than men.
- The OR is where the money is. Medical sales professionals who spend time working in the OR earn 11 percent more than those who don’t.
- Travel has its rewards. Medical sales professionals who travel 50 percent of the time earn the highest incomes.
“Medical sales is a competitive and challenging profession,” Mullins said. “Our hope is that this salary data serves as an industry benchmark to ensure medical sales professionals are adequately compensated.”
To view the full 2019 Medical Sales Salary Report, click here.
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