Aside from a few free samples, some cheap pens and calendars, or maybe a sweet magnet to put on your fridge, is there truly a need for pharmaceutical sales reps? The pharmaceutical industry currently employs over 100,000 drug sales reps. Despite the currently inflated number of drug sales reps, some of the major pharmaceutical companies may be moving in a new direction.
Pfizer, who began the pharmaceutical sales rep drug race many years ago has decided to retool their company in order to save money. Pfizer has announced that it will be cutting back its pharmaceutical sales force worldwide by 10%, which translates into over 10,000 reps getting the axe.
Apparently drug reps aren't too confident in what they are bringing to the table. A post on the website CafePharma was brought to my attention by John Mack of the Pharma Marketing Blog.
Reps are first to cut because (1) there are too many of them, (2) they get paid too much, (3) they are less and less effective. That's not me saying these things, that's the reps themselves saying this:
"Hey chief, I've been in this game for 10 years, and guess what:
1.) We don't provide value anymore.
2.) Without the sales and marketing arms, drug prices would go down.
3.) Charity and patient assistance would be the same.
4.) The docs could sure as shit get their samples directly from the company.
5.) The public, congress, and consumer advocacy groups would stop hating us because the most visible part of the industry, i.e., you and your little rolly bag, would not be front and center to the 65 year old man with diabetes in the waiting room.
I think that pharmaceutical sales reps may be seeing the end of the road soon. Pfizer's layoffs are in effect telling the other drug manufactures that the arms race is off. Since they are the company that usually sets the tone in the industry, it would not be a surprise to see the other pharmaceutical companies follow suite.
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Pharmaceutical Sales Rep Training
So you have just graduated college, still unemployed, and your Uncle Fred (if you have an uncle Fred) is grilling you about your future plans for all to see and hear at Thanksgiving dinner. He tells you that he knows someone in pharmaceutical sales who is doing well. In fact, he's doing great! Uncle Fred reveals the secret person and tells you who it is. You can't believe it! "I know that guy!" This is your only half-hearted reply. Your "real and brutally honest" opinion is nestled in your mind for no one else's ears. The conversation moves on painfully, and now you really feel worthless!
You're a little surprised that this guy could have gotten into drug sales; you've heard that the pharmaceutical industry is a competitive field, and you know he was not at the top of his class. In fact, he was kind of near the bottom. Could this be true? Is uncle Fred putting you on the spot, right here at Thanksgiving dinner for all to hear? Or is he trying to tell you to get moving towards this career path?
You may be thinking, "I'm interested in being a pharmaceutical sales representative." I have been looking to get into the industry. I have heard lots of good things about it. The money is great, you get a company car and there are nice bonuses too! If "Jeremy", uncle Fred's mystery person got a job then so can I. I've think I've got the personality and the drive? If Jeremy can do it, then I can do it.
"Where do I get started," is the next thought that crosses your mind. You never really researched an industry, or a job for that matter. Where do you turn next? What should I do?
Typically, these thoughts are very common for any recent college graduate trying to get into the pharmaceutical industry. In fact many recent college graduates are probably all saying the same thing. Whether it is in pharmaceutical sales or in any other industry, the transition towards job interviewing skills and preparation are not commonly taught in college.
Unfortunately some people who think they might be interested find it nearly impossible to learn about the pharmaceutical industry. They don't know exactly how to find out what a pharmaceutical sales rep does all day (other than wear cool clothes and get paid lots of money). They don't know where to look for more information, they don't know how to look for such a job, and they don't have any connections in the industry to help them out.
Recent college graduates looking to get into pharmaceutical sales aren't aware of what they need to do, what not to do, where to look and finally, what to expect when they do get an interview. The competition in the drug rep industry is fierce. Knowing what to do, where to look and being prepared is half the battle.
Many recent college graduates who embark on their searches for a pharmaceutical sales job are not aware that they need a "brag book" (documenting all of their achievements) academically or professionally. In addition, many individuals are not aware that an interview process my consist of 5 or more interviews, sometimes prolonging the hiring process for months. Finally, many young graduates are blind-sided by the deep and thought provoking questioning used in a pharmaceutical interview.
Recent college graduates not familiar with the pharmaceutical industry may not know that when someone is hired as a sales rep, the cost incurred by the company reaches $100K+, (actual costs provided at) hence, the reason for the long and sometimes grueling search and interviewing process to get into the industry.
Having the knowledge and the preparation to find, interview and get a well paying pharmaceutical sales can give a recent college graduate the edge over another candidate looking to get into the industry.
Both Calthlene Martinez & Russell S are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Calthlene Martinez has sinced written about articles on various topics from Health, Health Insurance and Credit Cards. Visit this Consumer Advocacy website for more information on ordering from online no prescription pharmacy.. Calthlene Martinez's top article generates over 9900 views. Bookmark Calthlene Martinez to your Favourites.
Russell S has sinced written about articles on various topics from Health. Russell Sabella is a former Senior Pharmaceutical Sales Representatives with over 4 years of pharmaceutical sales experience in the Bronx, New York. His career with a major pharmaceutical company has included numerous sales accolades and achievements. H. Russell S's top article generates over 480 views. Bookmark Russell S to your Favourites.
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