Haha I might be a little late with this post but I thought I would chime in since I've been doing medical device sales for about 7 years now and have worked for 3 different companies. I sold stents/angioplasty balloons for 3 years (and no, most of them are not 20k, but maybe around 2k a stent, although many patients did need multiple stents in a single procedure), I sold spine products (cages, screws, etc), and I sold skin substitutes to plastic surgeons.
1. You are correct about the income being extraordinarly high, even for "average" reps, although it used to be a lot higher 7-10 years ago. Just like docs, reps are getting paid less too.
2. They are very selective in their hiring, and it's not easy to break into the industry to begin with. They seek out extremely competitive individuals to say the least..and I'd say the best of the best of salesreps in general.
3. Reps are constantly jumping around from company to company, thus there is ZERO job stability.
4. My friends who are reps absolutely hate their jobs, myself included.
5. Watching a doctor do all the work and being their little bitch absolutely sucks as well. Lots of driving, lots of corporate bs, brain dead sales trainings and sleezy tactics to get docs to buy stuff.
6. There is absolutely zero future in this industry, unless you are planning on working your way up in a company, you might as well say good bye to your big pay checks 3-5 years from now because the pricing of these products is being driven down further and further by hospitals which ultimately means less $$ in the rep's pocket. My guess is a few years from now this job will turn into a pharma-like job where reps are getting paid 70-90k max. Except maybe for the spine reps/pacer reps, since they are actually "needed" in surgeries.
7. I'm in my late 20s now and realizing that although medical device is still great income for the time being and has helped me accomplish many of my financial goals..I have this nagging feeling that maybe I went down the wrong path and should have continued on to medical school.
8. So to all you future docs on here..you made the right choice; a fulfilling/stable career versus a brain dead one..take your pick! And you get to help people out too..instead of being that annoying rep around the corner trying to get 30 seconds with a doc to show him your new product. Once you guys start seeing the reps coming around ore and more often you will be really glad you didn't go down that path. Trust me on that.