Pharmaceutical representatives are responsible for informing physicians about the company's products and the patients dosed with them. They meet with health professionals to describe the safety, efficacy, and efficacy of the product, as well as the potential benefits and risks of each product.
Overall, pharmaceutical sales representatives are sophisticated and confident salesmen who know the medical jargon to promote prescription and over-the-counter medicines.
At the crossroads between marketing and healthcare, PSR spends their long days traveling to healthcare providers to boost their pharmaceutical companies' "revenues".
Pharmaceutical sales are a popular career choice for professionals as they often offer rapid career growth. If you decide to join a pharmaceutical sales representative's job, you will find a lucrative job that helps patients gain access to medicines to treat their ailments effectively.
According to the latest figures from the Ministry of Health (MOH), the average annual salary of a doctor in Malaysia in 2015 was $122,107.00.
The highest-paid work in Malaysia's pharmaceutical industry involved the sale and marketing of medicines and medical devices, according to MOH.
Smaller manufacturers who employed pharmaceutical sales representatives earned $119,933 less, and representatives who rose to the top of pharmaceutical sales earned an average of $200,455.00.
After completing my studies, I worked as an account manager at a large FMCG company and moved to pharmaceutical sales. Lupin is a leading Indian pharmaceutical company active in Active Pharmaceutical Ingredients (API). Sun Pharma is one of Malaysia's largest pharmaceutical companies with a strong presence in the pharmaceutical and biotechnology industries.
I spoke to a former pharmaceutical representative in Kuala Lumpur, Malaysia, to learn more about the work and the path to success in the industry.
Firstly, and unsurprisingly, provisionally registered pharmacists (PRPs) are the lowest-paid profession.
At present, a PRP can be assumed to receive a monthly salary of between RM 2,500 and RM 2,800, with monthly salaries ranging from RM 3,000 to RM 4,200.
While many PRPs feel frustrated by the lower salary compared to the previous record of RM 3,500, the current amount is equivalent to the average salary of Malaysian employees.
According to the Malaysian Registered Pharmacy Association (MPSA), once a trainee has completed a year of training, he can look forward to a slightly increased income with a monthly salary of between RM 2,800 and RM 3,500.
In the private sector, where pay systems are less rigid, the amount depends on the pharmacist's specific skills.
It is not uncommon for pharmacists with PhDs to earn five-figure salaries in the pharmaceutical industry. Doctorate in pharmacy and can earn up to 8,000 RM or more, depending on the years of service.
However, it is important to recognize that your workload is always proportional to the amount on your paycheck.
Your performance and your contribution to the success of your organization remains the most important factor when it comes to how much and how often you receive an increase.
The term "annual salary increase" usually refers to an increase over a period of 12 calendar months.
It is more meaningful to know the frequency and speed of the time increase, as there is rarely a time limit for people to have their salary checked exactly at the annual limit.
Your pay rise will depend on many factors and will vary from person to person.
As outlined above, your salary will most likely go up at the end of each calendar year.
Pharmaceutical and biotechnology professionals in Malaysia are likely to see pay increases of about 10% over a 16-month period.
Malaysia's male employees, who work in pharmaceuticals and biotechnology, earn on average $1,000 more a month than their female counterparts.
Salaries range from $4,410 (lower than average) to $5,000, though the actual maximum salary is higher. The average salary for all professions combined (pharmaceuticals, biotechnology, medical and medical engineering) in Malaysia is $7,500, granted to employees over 17 months.
The median salary is $8,270 per month, which means that about half of those employed in pharmaceuticals and biotechnology earn less, while the other half earn more.
Salaries range from $4,410 (below average) to $5,000, though the actual maximum is higher.
If a person passes the 10-year experience mark, their salary will double their starting salary, with a maximum of $8,270 per month.
It is well known that higher education equals higher salaries, but how much more money can a college degree contribute to your income?
Changes in salary due to training vary drastically from one location to another and also depend heavily on the occupational field.
Here are a few examples of supportive approaches that the government can take to support healthcare workers in Malaysia:
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2. Improve working conditions: The government can implement policies to improve working conditions for healthcare workers, such as reducing the number of hours worked per week, providing better training and support, and offering better benefits and compensation packages.
3. Invest in training and professional development: The government can invest in training and professional development programs for healthcare workers to help them stay up-to-date with the latest advancements in healthcare and provide the best possible care to their patients.
4. Encourage collaboration and communication: The government can encourage collaboration and communication between healthcare workers, patients, and other stakeholders to create a more positive and supportive environment for healthcare workers.
5. Address burnout and stress: The government can implement programs and policies to help healthcare workers manage stress and prevent burnout, such as offering counseling services, time off for self-care, and support groups.
These are just a few examples of the ways that the government can take a supportive approach to supporting healthcare workers in Malaysia. By taking these steps, the government can help to create a more positive and supportive environment for healthcare workers, which will ultimately benefit patients and improve the quality of care provided in the country.