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MedReps.com conducted its 3rd Annual Medical Sales Salary Survey in April of 2013. More than 2,000 professionals currently working in medical sales anonymously shared data about their jobs, incomes, and other demographics. Professionals working in medical or surgical device made up the largest section of survey respondents (35%). With an average total compensation of $150,890, this group of respondents earns one of the highest incomes in medical sales.
At $150,890, the average total income reported by our survey respondents working in medical device was higher than that reported by professionals in almost any other field. Only biotech professionals earn more, and somewhat substantially so. Professional in biotech earn approximately 9% more than those in device.
More than two-thirds of our device respondents hold the title “field sales rep” or “territory manager.” This group will be interested to know that should they make the jump to management, they will see a significant impact on their incomes. Base salaries for those working as sales managers are a reported 39% higher than those in a field sales role. Sales directors and VPs earn base salaries twice as high as those in the field, but all 3 earn relatively equal commissions and bonuses.
What do you think? Do these figures reflect your experience? Share the 2013 Medical Sales Salary Report with your network and see if they agree.