Haven't done a net worth thread in a while...

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thehairyfiddler said:
Listen up annonymous cunt....post a link where drug reps....any drug rep makes 175K. Until you do....you lose...vershtay?

Secondly....nothing is as vile and disgusting as oncology reps.....nothing.

It is true that that field has reps that make more than than others....and my question is....why?

And don't you dare tell me it has to do with "the knowledge" these reps bring. They don't bring shit to the physicians....NOTHING...especially in today's world of the internet.

And they're making 6 figures? What a joke.

They aren't worth 50K per annum....not one of them. Just another waste of money in an industry that is government protected through "deals" with the insurance companies and the industry en masse.

When it comes to treating cancer patients, whippin out your fuggin glossy and beggin an oncologist to try "my poison" on the next 5 patients ...is lower than whaleshit...and the docs don't do medicine that way....but prescribe based on clinical proof....and nothing else.
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Well you just proved that you have no idea what you are talking about…so thanks. You stated oncology reps aren’t worth the $50K annum difference, so if the average PC rep makes $100K a year (which is pretty accurate) you are admitting that the average oncology rep makes $50K a year more thus making $150K a year. So is it that far off to think that experienced oncology reps may make an additional $25K a year more than the average oncology rep. Do you seriously think, in the entire world of pharmaceutical sales, there are no reps making $150K or greater? I have W2 for 15 years that would say otherwise. Whether you think they are worth it or not is debatable. Clearly oncology companies feel there is a value in paying people like this as most pay bases well into the six figures and reps can make well over $175K a year in a good year.

Again thanks for proving my point. Now go do your sample inventory and get ready for your field ride along and “curb side coaching”….loser.

At the risk of being redundant…you don’t know what you don’t know…sample boy.
 






thehairyfiddler said:
Listen up annonymous cunt....post a link where drug reps....any drug rep makes 175K. Until you do....you lose...vershtay?

Secondly....nothing is as vile and disgusting as oncology reps.....nothing.

It is true that that field has reps that make more than than others....and my question is....why?

And don't you dare tell me it has to do with "the knowledge" these reps bring. They don't bring shit to the physicians....NOTHING...especially in today's world of the internet.

And they're making 6 figures? What a joke.

They aren't worth 50K per annum....not one of them. Just another waste of money in an industry that is government protected through "deals" with the insurance companies and the industry en masse.

When it comes to treating cancer patients, whippin out your fuggin glossy and beggin an oncologist to try "my poison" on the next 5 patients ...is lower than whaleshit...and the docs don't do medicine that way....but prescribe based on clinical proof....and nothing else.
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The Purdue Fredrick even back in the day were making close to 200K. Are you serious that you don’t there are ANY reps who make that kind of money. The reps who launched Oxy were making $200K a year.
 






I used to make 100k+ as a "hospital rep". It was the easiest 100k+ I ever made. I moved into device to make some bigger bucks, I averaged 250k a year. That was a hard 250k, and I feel I was under paid for the work and effort.

I got out of device after 6 years and moved onto another type of sale where I don't have to be a slave to make 250-300k a year.
 






I know what you mean, am there right now. May I ask what you transitioned into? Thanks.

Anonymous said:
I used to make 100k+ as a "hospital rep". It was the easiest 100k+ I ever made. I moved into device to make some bigger bucks, I averaged 250k a year. That was a hard 250k, and I feel I was under paid for the work and effort.

I got out of device after 6 years and moved onto another type of sale where I don't have to be a slave to make 250-300k a year.
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Anonymous said:
Well you just proved that you have no idea what you are talking about…so thanks. You stated oncology reps aren’t worth the $50K annum difference, so if the average PC rep makes $100K a year (which is pretty accurate) you are admitting that the average oncology rep makes $50K a year more thus making $150K a year. So is it that far off to think that experienced oncology reps may make an additional $25K a year more than the average oncology rep. Do you seriously think, in the entire world of pharmaceutical sales, there are no reps making $150K or greater? I have W2 for 15 years that would say otherwise. Whether you think they are worth it or not is debatable. Clearly oncology companies feel there is a value in paying people like this as most pay bases well into the six figures and reps can make well over $175K a year in a good year.

Again thanks for proving my point. Now go do your sample inventory and get ready for your field ride along and “curb side coaching”….loser.

At the risk of being redundant…you don’t know what you don’t know…sample boy.
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Try again sleuth. I said that oncology reps aren't worth 50K a year, period. A pharma district manager lacking in comprehension skills. Shocking I tell ya...shocking.

In fact, no reps are worth 50K a year. I get a kick out of people like you that have bantered about in a "sales" gig like pharma and still can't internalize how fraudulent the whole scheme is.

This just in...90% of pharma reps don't know a thing about sales...because they don't sell anything...except maybe their soul.

Have ambition? Want to stimulate your brain a little? Find a real sales job.

And still SMH at your absolute bullshit post on how pharma sales reps make between 125 and 175K.

The median annual income for drug reps is about 80K....which is 40K more than what they're worth.

Free market forces don't apply in pharma. Nobody "head hunts" pharma reps....because in the real world, they are worthless. Think about it.

But do carry on.....another annnonopussy providing comic relief for me.
 
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Anonymous said:
33 y/o
married 10 years
wife worked first 2, at home last 8
210K IRA (retirement)
75K 401K (retirement)
40K 529's (college)
35K mutual funds (retirement)
33K savings (emergency)

No debt, other than 225K mortgage. Paid off 40K in student loans in past 5 years, 30K car loan, finished basement for 30K cash. Trying to have house paid off in 5 years. I hate debt. I want to be free!

We live pretty simply, have it nice, but not crazy nice. I don't want to feel like I am forced to stay in this industry just because of the money if I someday wake up and wanna do something else. I've had 5 years in a row over 200K, never more than 225K. Taxes are the killer. Brutal! I'm a big Dave Ramsey fan, hence my disgust for debt. If you are tried of having debt, read his book "Total Money Makeover". You will be so glad you did.
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I'm in a similar situation.....
33 yrs old
married
320k (401ks and IRA)
40k (mutual funds)
10k (roth IRA)
275k (cash savings)

No kids, own a house where I owe 400k on it, that's the only debt. We have plans to buy a second house, so that's why I am heavy in cash (going to spend it in the next couple years).
 






Anonymous said:
I'm in a similar situation.....
33 yrs old
married
320k (401ks and IRA)
40k (mutual funds)
10k (roth IRA)
275k (cash savings)

No kids, own a house where I owe 400k on it, that's the only debt. We have plans to buy a second house, so that's why I am heavy in cash (going to spend it in the next couple years).
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First, I want to mention that I am not blasting your post. I'm just curious as to why you are buying a second house. Is it a vacation home or potential rental property, etc? As you mentioned you have a lot in cash savings so maybe you aren't even planning on taking a second mortgage. I know I am way too conservative probably but I can't imagine buying a second home if I still owed 400K on my primary residence (unless I had about $2M in saving which I'm sorry to say isn't the case for me). Are you at least a little worried about the possibility of you/your spouse if you have one -losing jobs down the road? Again, just curious about your thought process. Maybe it's a great plan and I want to learn from it if possible.
 






thehairyfiddler said:
Try again sleuth. I said that oncology reps aren't worth 50K a year, period. A pharma district manager lacking in comprehension skills. Shocking I tell ya...shocking.

In fact, no reps are worth 50K a year. I get a kick out of people like you that have bantered about in a "sales" gig like pharma and still can't internalize how fraudulent the whole scheme is.

This just in...90% of pharma reps don't know a thing about sales...because they don't sell anything...except maybe their soul.

Have ambition? Want to stimulate your brain a little? Find a real sales job.

And still SMH at your absolute bullshit post on how pharma sales reps make between 125 and 175K.

The median annual income for drug reps is about 80K....which is 40K more than what they're worth.

Free market forces don't apply in pharma. Nobody "head hunts" pharma reps....because in the real world, they are worthless. Think about it.

But do carry on.....another annnonopussy providing comic relief for me.
Click to expand...


It’s funny you’re calling out people for being anonymous but yet you have zero information in your profile. So all you really have is a user name…wow.

I could fill in your profile for you.

Big Pharma
Primary Care
7 years experience
Middle of the pack
Hates being a pharma rep but too scared to leave
Thinks they have it all figured out but in actually they are clueless
 






thehairyfiddler said:
Try again sleuth. I said that oncology reps aren't worth 50K a year, period. A pharma district manager lacking in comprehension skills. Shocking I tell ya...shocking.

In fact, no reps are worth 50K a year. I get a kick out of people like you that have bantered about in a "sales" gig like pharma and still can't internalize how fraudulent the whole scheme is.

This just in...90% of pharma reps don't know a thing about sales...because they don't sell anything...except maybe their soul.

Have ambition? Want to stimulate your brain a little? Find a real sales job.

And still SMH at your absolute bullshit post on how pharma sales reps make between 125 and 175K.

The median annual income for drug reps is about 80K....which is 40K more than what they're worth.

Free market forces don't apply in pharma. Nobody "head hunts" pharma reps....because in the real world, they are worthless. Think about it.

But do carry on.....another annnonopussy providing comic relief for me.
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Again thanks for proving that you do not know what you are talking about. If the “average rep” is making $97K year as stated below in the article is it that far off to think a highly specialized rep like a Gilead rep selling HIV or a Genentech rep selling Avastin is making substantially more? Like at least 30% more as stated below in the second article? I know, doing actual research is probably not your thing and you just like to pontificate your limited knowledge of this industry but now you are dealing with the Varsity, so go back the JV's or freshman team and do a little research and come back when you know what you are talking about. I’ve been in oncology for 10 years now I have never W2'd less than $125K and in my Prez Club years I made over $200K.

This first article proves you incorrect on what the average pharma rep W2’s.

http://pharmexec.findpharma.com/pharmexec/article/articleDetail.jsp?id=574633&sk=&date=&pageID=2

From Pharmaceutical Executive Magazine Jan 1 2009

Uneven Landscape

The Hay Group's 9th Annual Sales Force Survey points to sprouting opportunities amid the harsh soil of pharma's "rightsizing"


From the article:

Pharma has long been a lucrative industry for salespeople. But the 2008 Hay Group survey reported a leveling off of reps' total compensation—and for the first time this survey noted that salaries had even begun to slip. The median total cash compensation for a sales rep in 2008 is $96,700, compared to $97,000 in the prior year—certainly down, but still higher than the $74,400 payout in other industries, according to Abbott, Langer Association Surveys.

Reps total compensation packages level off, and for the first time salaries have even begun to slip. The culprit is not the base pay—which continues to rise—rather, companies are awarding fewer bonuses.
Interestingly, reps' base pay is still growing. The median base salary for a sales rep is $74,500, up from $72,100 the prior year. This shows that companies increased the proportion of total compensation contributed by base pay, as opposed to bonuses. (See "Base Pay as a Percentage of Total Compensation") Just last year, base pay made up 74 percent of the average total compensation package. This year, companies reclaimed some of that risk, and base salary now hovers around 77 percent of the total package. This shift is seen primarily with specialty and small to mid-sized companies—the segments that are doing the most recruiting.


This article proves that onc reps can make 30% more than a PC rep.

Another article from Pharm Exec: This article is all the way back in 2003 where they state the oncology reps can earn 30% more than there primary care counterparts. So in today dollars if the average primary care rep is earning $97K 30% added to that would be $29K making the “average” oncology rep making $126K
Again is it that hard for you to conceptualize that a senior or top ranking oncology rep could make an additional $50K a year especially at the high paying biotech’s?
This second article proves that oncology reps can earn 30% more than their primary care counterparts.

http://pharmexec.findpharma.com/pharmexec/article/articleDetail.jsp?id=42871&sk=&date=&pageID=2

When Will the Bubble Burst?
Despite a struggling economy, Pharma companies continue to raise the rewards for sales reps and product managers.


Jan 1, 2003
By: Michele Goldberg, Tiffany Mortellito, Bob Davenport
Pharmaceutical Executive

Oncology sales reps and their district managers are the clear winners in the base pay department. Compared with their counterparts in primary care, oncology sales reps earn 30 percent more, and oncology district managers earn 13 percent more than their reps. (See "Primary Pay," page 48.)

It’s OK, I get it. You’re pissed that there are reps out there making somewhat decent money and you don’t think they deserve it. Poor baby…
 












Hairy...you are an idiot. Here is just a small sample of drug rep jobs paying between $125K and $175K or more from a medical job posting board.

Sales Representative Atlanta GA Sales Biotechnology -Multiple Markets- $150K to $160K Feb 04, 2011

Critical Care Specialist Raleigh NC Sales Biotechnology Hospital $150K to $180K Feb 06, 2011
Territory Business manager - $140k - $230k with top medical co
Los Angeles CA Sales Biotechnology -Multiple Markets- $140K to $220K Feb 09, 2011
Territory Business Manager - $140 - $220 with top medical company Memphis TN Sales Biotechnology -Multiple Markets- $140K to $220K Jan 26, 2011
Key Account Executive - stable - $140k - $220k position Rochester NY Sales Biotechnology Hospital $140K to $210K Jan 15, 2011
Outstanding Key Account Executive position - very stable - $140k - $220k Albany NY Sales Biotechnology Hospital $140K to $210K Jan 19, 2011
Outstanding Key Account Executive position - very stable - $140k - $220k Syracuse NY Sales Biotechnology Hospital $140K to $210K Feb 09, 2011
Territory Business Manager, Orlando Orlando FL Sales Biotechnology Hospital $140K to $140K Jan 21, 2011
Sales Representative Tacoma WA Sales Biotechnology Hospital $140K to $150K Feb 05, 2011
Sales Representative San Bernardino CA Sales Biotechnology Hospital $140K to $150K Feb 04, 2011
sales representative Fresno or San Jose or Oakland CA Sales Biotechnology Surgery $140K to $170K Jan 23, 2011
Territory Business Manager, Washington DC Washington DC DC Sales Biotechnology Hospital $140K to $140K Feb 04, 2011
Territory Business Manager, Dallas Dallas TX Sales Biotechnology Hospital $140K to $140K Jan 16, 2011
Territory Business Manager, Miami/Dade County Miami FL Sales Biotechnology Surgery $140K to $140K Feb 06, 2011
Territory Business Manager, Detroit Detroit MI Sales Biotechnology Surgery $140K to $140K Feb 06, 2011
Account Manager - Infectious Disease Diagnostics Denver CO Sales Biotechnology -Multiple Markets- $135K to $150K Feb 05, 2011
Account Manager - Infectious Disease (HIV / Hep C) Any City NJ Sales Biotechnology -Multiple Markets- $135K to $150K Feb 03, 2011
Account Manager - Infectious Disease (HIV / Hep C) Philadelphia PA Sales Biotechnology -Multiple Markets- $135K to $150K Feb 03, 2011
Sales Rep Bridgeport CT Sales Biotechnology Hospital $135K to $160K Feb 05, 2011
Sales Rep Fort Wayne IN Sales Biotechnology Hospital $135K to $160K Jan 21, 2011
Sales Rep Manchester NH Sales Biotechnology Hospital $135K to $160K Feb 05, 2011
Sales Rep Louisville KY Sales Biotechnology Hospital $135K to $160K Jan 21, 2011
Sales Rep Grand Rapids MI Sales Biotechnology Hospital $135K to $160K Jan 21, 2011
Sales Rep Long Island NY Sales Biotechnology Hospital $135K to $160K Feb 05, 2011
Territory Business Manager, Miami Miami FL Sales Biotechnology Hospital $135K to $135K Jan 21, 2011
Account Manager - Infectious Disease Seattle WA Sales Biotechnology -Multiple Markets- $135K to $150K Jan 28, 2011
Miami Biotech Miami FL Sales Biotechnology Hospital $130K to $160K Feb 12, 2011
Biotech Iowa city/ Quad cities Quad Cities/ Central Illinois IA Sales Biotechnology Hospital $125K to $170K Feb 06, 2011
Biotech Atlanta South Atlanta GA Sales Biotechnology Hospital $125K to $170K Jan 29, 2011
Biotech Oklahoma city Oklahoma city OK Sales Biotechnology Hospital $125K to $170K Feb 02, 2011
Territory Business Manager, Los Angeles, CA Los Angeles CA Sales Biotechnology Hospital $125K to $125K Jan 19, 2011
Biotech Pain Specialist Birmingham AL Sales Biotechnology Physician $125K to $140K Feb 04, 2011
Biotech Pain Specialist Minneapolis MN Sales Biotechnology Physician $125K to $140K Feb 09, 2011
Biotech Pain Specialist Rochester NY Sales Biotechnology Physician $125K to $140K Feb 05, 2011
A High Earning Biopharmaceutical Sales Los Angeles or North Orange County CA Sales Biotechnology Physician $125K to $210K Feb 10, 2011
Sales Specialist Palm Springs-Loma Linda CA Sales Biotechnology Surgery $120K to $130K Feb 12, 201
 






Anonymous said:
First, I want to mention that I am not blasting your post. I'm just curious as to why you are buying a second house. Is it a vacation home or potential rental property, etc? As you mentioned you have a lot in cash savings so maybe you aren't even planning on taking a second mortgage. I know I am way too conservative probably but I can't imagine buying a second home if I still owed 400K on my primary residence (unless I had about $2M in saving which I'm sorry to say isn't the case for me). Are you at least a little worried about the possibility of you/your spouse if you have one -losing jobs down the road? Again, just curious about your thought process. Maybe it's a great plan and I want to learn from it if possible.
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The place we live in now is a condo and we can rent it out for more than our monthly payments (mortgage, tax, ins, condo fees). We would not make much on it (maybe $200 a month). The plan would be to keep it as a rental property. It's in a city and rentals have always done well (historically over the last 10-15 yrs). The renters would hopefully finish paying off the mortgage, then everything else is gravy.

I know there is always the risk it is vacant for a little while and I'd be prepared to eat those months. Selling it right now doesn't make sense. I would only get about 1/3 of the equity back that I've paid into it. I don't need the money out of it to buy our next place, so why take the huge loss. Especially being in a good rental area.

It would be basically part of my retirement plan. I don't want to put my entire retirement plan in the market. I think it might be a good idea to have some other lines of income set up. I just look at the people who are trying to retire now and had everything in the market.....they can't retire because it evaporated over night.
 












age 40
single
started career late due to school

401k 185k
Roth 65k
Cash 95k
Home equity maybe 25k (painful)
options 6k
no debt outside of mortgage.
total 376k

I love reading these stories in Money Magazine.
 












What is funny as I read through all of these posts is that BOTH are right. Yes, there are reps that are probably pulling down from major coin. And yes, Hairy is exactly right that they do not sell in the traditional sense of selling. Most pharma reps don't get purchase orders. What competition does an oncology drug have? Not much. They have huge margins because they charge a boatload to the gobblement for very marginal benefit.

It is foolish to think that this kind of business model can last. For those who are raking in the cash, congrats. I have no hard feelings. But, I would advise caution. As gramps always told me, if it seems too good to be true, it probably is.

If those of you in oncology don't think what is happening to Big Pharma can happen to you, why don't you ask those laid off from Big Pharma over the last three years if in 2001 they thought it could happen to them.

So while you are pissing and moaning comparing W2s to see who has the biggest cock, you are missing all that is going on around you.
 






thehairyfiddler said:
!

Thank you your honor. I rest my case.
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Douche bag I posted that along with all the other posts proving you wrong. The $117K was for salary not salary plus bonus. What I proved to you with multiple posts is that there are plenty of people in pharma making $125K to $175K or more. I posted one single page from a medical job site with more than a dozen drug reps jobs paying >$175K.

Hairy you are an idiot, and have once again proven that you know very little about this industry. Go back to the kiddie pool as it is adult swim now junior.


Average salary before bonus for a primary care rep - $97K

Average salary before bonus for an oncology rep - $117K

Add an average of 35k to 40k bonus and that puts an average oncology rep at $157K and an above average oncology rep at least at $175K

Again an income you stated that not one drug rep is making.

Again you are WRONG!
 






I Love America said:
What is funny as I read through all of these posts is that BOTH are right. Yes, there are reps that are probably pulling down from major coin. And yes, Hairy is exactly right that they do not sell in the traditional sense of selling. Most pharma reps don't get purchase orders. What competition does an oncology drug have? Not much. They have huge margins because they charge a boatload to the gobblement for very marginal benefit.

It is foolish to think that this kind of business model can last. For those who are raking in the cash, congrats. I have no hard feelings. But, I would advise caution. As gramps always told me, if it seems too good to be true, it probably is.

If those of you in oncology don't think what is happening to Big Pharma can happen to you, why don't you ask those laid off from Big Pharma over the last three years if in 2001 they thought it could happen to them.

So while you are pissing and moaning comparing W2s to see who has the biggest cock, you are missing all that is going on around you.
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Whether oncology reps will be here or not is pure speculation. What I would say is that one of the largest R&D investments in biopharma is oncology. I would also state that you are wrong that because you do not get a purchase order doesn’t mean you are not selling. Do you think pacemaker reps get a PO every time a doc puts one in? They order them just like any other medical supply from a distributor who has the contract generally through a GPO like Broadlane. The only true PO’s where T&C’s are negotiated are depreciable equipment. Do you really think the pacemaker rep is negotiating T&C’s for each unit placed? Of course not. Also, I would also say you have very little knowledge of oncology and should go onto NCCN and look at the guidelines and see in each tumor type how many recommendation there are in each line of therapy. This is where oncology reps sell.

Most biopham analysts will state that even if the rep only has a 1-2% influence on what the doctor prescribes this supports the use of rep as 1-2% in multimillion dollar markets generally can be profitable for the company when matched against the cost for a rep.

What you will see in oncology is less reps with bigger territories as there really is no need to see an oncologists more than once a quarter. Most analysts state that being in a highly specialized field where contacts are very important is the safest, albeit not guaranteed, place for reps to be. The worst place to be is in unspecialized primary care and reps who have not developed experience in a specialty like, oncology, HIV, MS, neurology etc.
 






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