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Why Should You Look at a Pharmaceutical Sales Job in this Economy?

No doubt that if you are on the job market, you have thought about a position as a Pharmaceutical Sales Representative. Despite the tough economy, pharmaceutical sales jobs continue to be one of the most stable and lucrative careers and the industry looks to remain strong in the future. Even with talk of some kind of government run healthcare, pharmaceutical companies will still need sales representatives to educate doctors on their products and to drive bottom line revenues. Here are my top three reasons why you should take a serious look at this nearly recession-proof industry:

1. The industry is growing. In 1993, the average American received seven prescriptions in a year. In 2004, that number nearly doubled to twelve prescriptions per person in the US. The total number of annual prescriptions in the US now stands at over 3 billion. The global pharmaceutical market grew to $712 billion in 2007 at an annual growth rate of 10% between 1999 and 2007. This strong and consistent growth is largely the result of sales for new and innovative products and emerging international markets. Currently, the top five international pharmaceutical companies are, by revenue in 2007, Johnson & Johnson ($61.1 B), Pfizer (48.4 B), Glaxo SmithKline ($45.4 B), Novartis ($39.8 B) and Sanofi-Aventis ($38.5 B). In addition, four of the top 10 products in 2007 are forecast to consistently increase sales over the next five years. And the pipeline of new drugs is continuing to grow with many companies reinvesting up to 50% of their sales back into research and development.

2. The job is exciting. Often described as competitive, lucrative, and rewarding, companies rely on pharmaceutical sales reps to work closely with doctors, hospitals and pharmacies to educate them on the use of the products and to better understand patient needs. It is through these professional relationships that sales reps can encourage doctors to prescribe their company’s drugs. Drug companies are also moving towards more innovative and dynamic ways to get their sales message across to doctors, such as Facebook, You Tube, and Twitter. These smarter and more efficient ways of marketing give the sales reps opportunities to network with busy doctors who may not be able to see them in the office. Most pharmaceutical sales reps also find their job challenging and enjoy calling on such an educated customer. The job also involves intense studying of product knowledge, clinical studies, drug indications, side effects, and how to sell against competitive medicines. Pharmaceutical sales reps are among the most knowledgeable and well trained sales reps in any industry.

3. The job is lucrative. Currently, the average pharmaceutical sales rep makes a base salary of $58,000, plus bonuses, benefits, and a company car. Sales reps are paid either through commissions or bonuses to meet and exceed sales quotas. Add in incentives for top performers such as cash, stock, and trips, and you can see why most pharmaceutical sales reps make over $100,000 year. There are also plenty of opportunities for advancement within most pharmaceutical companies. Most sales reps start out as a Primary Care rep which calls on family practice doctors and internal medicine doctors. From there a rep can move into a Specialty Care position, such as calling on Cardiologists, Urologists, etc. Reaching the position of Hospital Rep is considered to be the ultimate promotion for many professionals in pharmaceutical sales jobs where the reps interface with the doctors and pharmacists in the Hospital setting. To boot, major companies such as Johnson & Johnson have several different divisions which allows for plenty of upward mobility for top performers.

So what do hiring managers and recruiters look for? Well, certainly the competition for pharmaceutical sales jobs can be high. You will typically need a bachelor’s degree but there are entry-level pharmaceutical sales job positions available and some companies will even help employees get their degree. Most also require one to two years of strong performance and proven success in outside sales, such as copiers, business to business services, or consumer products. But I have personally also helped other professionals such as teachers and nurses land jobs in this industry.

To stand out from your competition, you must first have a winning resume written for the industry. Once you get the interview, companies are looking for you to have a positive attitude and a strong drive to succeed. You will also need to show your great communication skills, creativity, and the ability to generate new business.

Jobs in pharmaceutical sales have not been immune to the effects of the current economic downturn; however, our population is continuing to age and people will always need medical attention and care. And many companies are continuing to experience strong growth. For example, Novartis Pharmaceuticals is expected to increase one sector of its employee base by 20 percent each year until at least 2013 and the bulk of the new positions will be pharmaceutical sales jobs.

I personally continue to see major pharmaceutical companies hiring as evidenced by the sheer number of job postings on many of the job search websites. All in all, employment forecasters are predicting that a pharmaceutical sales job will continue to be one of the more stable careers to enter in the future. If you would like to learn more about how to land your dream job in pharmaceutical sales, visit my website at www.PharmRepConnect.com where you can sign up for my free report on how to avoid the most common job search mistakes.

©2009 Nikki K. Kerzic, Find Your Dream Job Now, Inc.

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Nikki K. Kerzic is the owner of Find Your Dream Job Now, Inc., a nationally recognized and leading career consulting firm specializing in helping job seekers land a job in Pharmaceutical or Medical Device Sales. She is an author, industry expert, and top recruiter with nearly twenty years of experience.
http://www.PharmRepConnect.com
http://www.PharmRepConnect.com/blog
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Head to Toe. Dressing for Success for Your Pharmaceutical Sales Job Interview.

Pharmaceutical companies are known for their conservative business appearance. Many reps who’ve been around since the 1980′s will tell you that the dress code was once so strict, it was almost a uniform! Well, times have changed somewhat but the basics are the same. Ladies first – here’s what’s expected of you in an interview.

Ladies

* Conservative suit (pantsuit OK) black, navy, charcoal gray or similar in color. Pinstripes are acceptable. A white or light-colored conservative blouse is the most appropriate.
* Take it easy on the makeup and hair. Think church, not date.
* Nails should be well manicured and polished clear. Drug reps use their hands for demonstration and pointing all the time. A good interviewer will notice.
* Stockings or none? It’s the great debate. If you can pull of a professional, conservative look without them . . . go for it. If not, or your not sure . . . play it safe and wear them.

* Shoes should be medium to low heel (and you should be comfortable enough in them to walk normally). Many say closed toe is best. I say use common sense and if an open toe looks professional, you can pull it off.
* Skip the perfume. Remember, it’s an interview not a date. You want the interviewer to remember you for what you said and how you carried yourself, not how good (or overpowering) you smelled.

Gentlemen

* 100% wool conservative navy, black, or charcoal gray suit. Again, pinstripes are acceptable. 100% cotton shirt with heavy starch will make you look like a million bucks.
* Go for a tie that refuses to be dated. In other words, solid ties are always in. So are large alternating stripes in the deeper shades of primary colors. I’m a big fan of deep red ties for interviews (red is said to be a “power” color).
* Shoes should be lace ups and they should be polished brighter than Forrest Gump’s.
* Fingernails are important for you too. Clipped, clean, manicured, cuticles pushed back, buffed, and ready for action.
* If you’ve had a beard or mustache for 20 years and know how to take care of it, then it’s probably OK to keep it. Otherwise, you should have a clean shave. You should have a fresh haircut too.
* I don’t care if you paid $6,000 for that bottle of cologne, save it for the afterparty (the party after you get hired, that is).

A few things should be able to go unsaid – but they can’t.

* No chewing gum or candy. I know you want to have fresh breath. Take a bottle of mouthwash and rinse before you go inside. Candy and gum can make you look unprofessional in an instant. Don’t go there.
* Leave the Viagra(R) necktie that you bought at the Niagara Falls Gift Shop at home. I know you think it would be cute and catchy. Let your professionalism and knowledge of the industry do the talking instead.
* Don’t carry a backpack or purse. Some say that you shouldn’t even carry a briefcase. I say that’s up to you. If you have enough things to fill up a nice looking briefcase, carry it. If you can manage everything without one, then a nice leather bound folio will work just fine.

The bottom line is, you are a professional. If there is any question whatsoever, err on the side of conservative. As I said to the ladies earlier, “think church, not date.” When you get to an interview, you’ll be surprised at how many people didn’t read an article like this. You’ll look like a superstar immediately when the guy beside you in the waiting room (your competition) is wearing his brand new suit with a pair of Dr. Martens(R).

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How to Land a Job in Pharmaceutical Sales

Pharmaceutical companies always look for exceptional sales people to represent them. A college degree, a strong work ethic, and good communication skills, both verbal and written, are some of the pre-requisites for a pharmaceutical sales representative. There are around 85,000 pharmaceutical sales reps in the United States. In this brief article, we’ll discuss how you can achieve a position as a sales representative and tap into this great market.

* Word of mouth – The best way to fill an opening is through a word of mouth recommendation. By keeping your eyes and ears open, you might find an opportunity where you least expect it. For instance, one representative learned about an unadvertised position from her physician.

* Hire executive recruiters – You can get a good job by coming through a recruitment agency. Many recruitment agents specialize in pharmaceutical sales and they know about the positions before they’re even advertised.

* Answer newspaper ads – Make sure that you check out your local newspapers. Although a great many positions aren’t advertised, companies will occasionally need to hire someone quickly and will go the newspaper route. If you’re on the lookout for these advertised positions, you won’t miss out on these great opportunities.

* Network with sales reps – Take some time to network with current representatives. Take some time to get to meet some sales people and they will not only provide you with valuable information but might steer you toward advertised and unadvertised career opportunities.

* Go online – There are literally hundreds of job search boards that are available. Some, like Phamboard, specialize in matching employers with qualified companies. Make sure that you visit these on a regular basis and be prepared to submit your resume.

In conclusion, you can obtain the pharmaceutical sales position of your choice. By going online, networking with sales reps, answering newspaper ads, hiring executive recruiters, and utilizing word of mouth advertising.

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Transitioning to a Career in Pharmaceutical Sales

If you are considering switching to a career in pharmaceutical sales there are a number of factors to take into account. Pharmaceutical sales is a rapidly growing field, and one with impressive potential for success. However, it is also highly competitive and demanding, requiring a high degree of dedication and ongoing learning in order to be successful.

To get you started, you can join numerous trade associations that oversee the training and development of professionals in pharmaceutical sales. These organizations offer certification, create professional and ethical standards, and help industry professionals stay on top of current information including FDA regulations, legal issues, clinical research updates, and so on.

In order to get into pharmaceutical sales, a science background is recommended, and a college degree is the norm. It is essential that pharmaceutical sales representatives be able to discuss their products with a wide range of individuals including other medical professionals. For some, this challenging and ever-changing aspect of the job is what makes it exciting, while others may find the nature of the job too demanding. It is important to take into consideration other lifestyle commitments and priorities when considering this type of career move.

Fortunately there is plenty of information available to help you make the decision to pursue a career in pharmaceutical sales. Books and websites created by industry professionals are many, in addition to the information made available by the associations. There are also lots of options for pursuing certification, with training at all levels available online, through correspondence, or by direct study at hundreds of colleges and universities.

As with any type of sales career, there is a certain amount of stress involved in this line of work, and individuals in this field need to demonstrate a positive attitude, persistence, resourcefulness, and dedication. You are likely to spend a large percentage of your time on the road and must decide if this lifestyle will work for you and your family. The good news is, due to the nature of the industry, there is a high degree of repeat business. Orders need to be refilled consistently, and the large profit margins of pharmaceutical companies means there are large commissions to be made.

If you think you have what it takes to be successful in this competitive market, do some research into the jobs available by browsing company websites, and information posted by the industry associations. As with any major career decision, consider your options from all angles, ensuring a good fit for your interests, skills, and natural strengths. Numerous possibilities await your discovery.

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