A Medical representative are the main point of contact between pharmaceutical and medical companies and healthcare professionals to sponsor product awareness, answer to all queries, providing advice and introducing new products. A certain degree of creativity and latitude is required. In addition to experience, 71 percent said they travel for their jobs. Salary ranges can vary widely depending on many important factors, including , certifications, additional skills, you have spent in your profession. Along with six-figure incomes, they receive great benefits. A doctor working in a government hospital earns less than the one working in a corporate hospital.
They must also adjust the content of sales presentations to be client-specific and reflect any changes in products, services, policies, or competitive development. Hence it is suggested that Pharmaceutical Companies, should provide performance-linked incentives to increase sale force effectiveness. About The Survey Respondents who were employed in medical device sales totaled 280. The salary structure for a graduate or postgraduate doctor varies from one organization to another. A Sales Representative, Pharmaceuticals with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 335,000 based on 102 salaries.
But during structural interview with marketing manager, it was revealed that Pharmaceutical Companies, believe in paying fixed salary and increment as per the performance of medical representative rather than performance based incentives. As with all sales representative jobs, selling medical devices involves significant interaction with potential and current clients on their timetables, meaning that working hours are highly variable. It does not include equity stock compensation, cash value of retirement benefits, or the value of other non-cash benefits e. This method is unbiased and has a practical approach. Whereas in private hospitals the salaries are impacted by experience, skill, availability of skilled doctors, and above all market factors like ability of the doctors to attract high net worth patients. Notify me of new posts by email. Medical Representative jobs Are you looking for a medical representative job but are still not able to find the perfect one? Should implement performance based incentive policy so as to increase the work efficacy and moral of medical representative.
This is an incentive eligible position. A bachelor's degree in marketing or a related field, knowledge of basic medical terminology, and an understanding of the regulations related to the pharmaceutical industry are generally required for this position, and prior sales experience may also be required by some employers. As such, the position involves significant amounts of travel. If that is your case then Placementindia. Employer or Industry specific information is only indicative and has not been validated by the respective employers or industry bodies or Naukri. The representative is tasked with locating potential customers and giving a persuasive demonstration of the devices to those which show interest. Therefore retirements benefits and performance-based incentives can find the best strategies to increase the sales force effectiveness.
Career Prospects for Doctors Doctors in India and abroad have lucrative career opportunities. Salary of a fresh Medical Representative varies from Rs. Performs a variety of tasks. In fact, medical device sales ranks fifth for income potential in medical sales, coming in only slightly behind the top three highest incomes, biotech, surgical device, and medical equipment. Healthcare and pharmaceutical companies hires medical representatives. It is usually desired that the applicant already possesses a developed set of sales skills through previous experience.
Pharmaceutical sales representatives work primarily during daytime hours, but may also attend meetings and work-related functions in the evening and on weekends. Medical Representative Salary In India To Know about How much salary a medical representative earn monthly and what is the Medical Representative Salary In India must read this page. As far as profession is concerned, doctors, not only in India, but also across the world form the top of the career pyramid. However, the salary increases with specialization post graduation and above degree, individual skills and work experience. These representatives may work on teams or individually and should participate in ongoing education, review trade literature and publications, participate in professional societies, and establish personal networks to stay up-to-date with the latest industry trends and scientific updates. Therefore the analysis of the table reveals that retirement benefits has rated with high score, the reason could be that increasing competition results into job insecurity, and also performance based incentive scheme stands at second position because of money motive works better in this pharmaceutical field. In fact, only 12 percent feel their gender has a negative impact on how much they earn.
Still, 69 percent are somewhat or very satisfied with their income. Pharmaceutical sales representatives strive to resolve customers' complaints and concerns by investigating any issues that arise, developing solutions, and submitting applicable reports or recommendations to management. We provide 100% placement support to our students. However, the continued pay gap in medical device sales is undeniable. But their salaries are influenced by different factors in government and private hospitals. Familiar with standard concepts, practices, and procedures within a particular field. A Sales Representative, Pharmaceuticals with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 720,000 based on 7 salaries.
Article shared by It has been observed during the survey that the salary structure of medical Representative in Pharmaceutical marketing ranges from Rs. To know other details about Medical Representative Salary In India keep visiting recruitmentresult. May require an associate's degree or its equivalent with 2-4 years of experience in the field or in a related area. So, where is this major pay gap coming from? The Gender Gap Most respondents 84 percent do not feel gender impacts earnings. To maintain confidentiality, only aggregated information is shared here. Salary for same profiles may vary across employers or within the same organisation based on various factors such as location, skills or experience required, levels of responsibility etc.