An annual survey of pharma sales rep salaries showed another year-over-year increase, but it also revealed concerns about the impact of the COVID-19 pandemic.
Salaries averaged more than $150,000 in 2019, for an increase of 6%. However, three-fourths of the pharma sales reps interviewed said they expect the COVID-19 crisis to negatively impact their incomes this year.
That’s according to the MedReps study, which surveyed 520 pharma sales reps about their 2019 annual salaries. The survey was fielded during the first two weeks of March 2020, so the job-hunting firm also asked reps about what impact they expect this year.
In 2019, the average rep salary was $151,217, which includes an average base salary of $109,250 and an average bonus of $41,967. That’s a 6% increase, or almost $8,000, over the average salary for pharma sales reps from MedReps’ 2018 survey.
The medical sales job board notched its 10th year of annual salary surveys of pharma sales reps and related medical sales careers this year, and it has some ideas about what to include going forward.
“What would be interesting for us to track next year is how far has this pandemic really pushed digital relationships, and do we see that trend continuing to move forward or do we see a back to in-person relationships as it was before?” Karyn Mullins, president of MedReps, said.
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