Panacea Biotec Medical Representative Salaries by 30+ Employees (Updated 2025)

1 - 7 years exp.

₹2.2 Lakhs - ₹5.2 Lakhs

Salary of majority employees

At par with the average Medical Representative Salary in Biotechnology Companies for 1 - 7 years of experience

Interested in this particular role? 6 job openings

Salaries in different departments

Marketing & Communication Medical Representative Salary 2 - 7 years exp. (14 salaries)	₹2.5 L/yr - ₹3.8 L/yr
Sales & Business Development Medical Representative Salary 1 - 6 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr
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Healthcare & Life Sciences Medical Representative Salary 7 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.7 L/yr

Last Updated: 8 Mar 2025

Companies similar to Panacea Biotec for Medical Representative

Company name	Avg Annual Salary	Open Jobs
Serum Institute of India Medical Representative Salary 1 - 15 years exp. (40 salaries)	₹1.7 L/yr - ₹6.5 L/yr 26% more
Biocon Limited Medical Representative Salary 1 - 10 years exp. (13 salaries)	₹2.8 L/yr - ₹5.5 L/yr 8% more
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Bharat Biotech International Medical Representative Salary 3 - 6 years exp. (8 salaries)	₹3.7 L/yr - ₹4.6 L/yr 2% more
Biocon Biologics Medical Representative Salary 0 - 9 years exp. (5 salaries)	₹2.4 L/yr - ₹5.8 L/yr 4% more
Hester Biosciences Medical Representative Salary 1 - 8 years exp. (4 salaries)	₹2.7 L/yr - ₹3 L/yr 24% less
Indian Immunologicals Medical Representative Salary 2 - 7 years exp. (4 salaries)	₹3.7 L/yr - ₹5 L/yr 12% more
Biogen Medical Representative Salary 0 - 20 years exp. (3 salaries)	₹2 L/yr - ₹8 L/yr 12% more

Medical Representative salary at Panacea Biotec ranges between ₹2.2 Lakhs to ₹5.2 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 32 latest salaries received from various employees of Panacea Biotec.

Experience wise Panacea Biotec Medical Representative salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.2 L/yr - ₹6.5 L/yr
2 years (8 salaries)	₹2.2 L/yr - ₹4.7 L/yr
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3 years (8 salaries)	₹2.5 L/yr - ₹4.5 L/yr
4 years (4 salaries)	₹2.5 L/yr - ₹6.9 L/yr
5 years (4 salaries)	₹2.8 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹4.6 L/yr
7 years (3 salaries)	₹3.2 L/yr - ₹7.3 L/yr

View all

From

Medical Representative

₹

Lakhs/yr

1 - 7 years exp.

Regional Sales Manager

₹

Lakhs/yr

9 - 17 years exp.

Medical Representative 1 - 7 years exp.

Area Sales Manager 7 - 16 years exp.

54% hike

Regional Sales Manager 9 - 17 years exp.

55% hike

From

View 1 more level

Medical Representative

1 - 7 years exp.

Regional Manager

18 - 18 years exp.

From

View 1 more level

Medical Representative

1 - 7 years exp.

Regional Business Manager

9 - 20 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Panacea Biotec

Medical Sales Representative Salary

(4 salaries)

₹3 L/yr - ₹5.5 L/yr

Medical Executive Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Sales Executive Salary

(6 salaries)

₹1.65 L/yr - ₹4.13 L/yr

Regional Business Manager Salary

(29 salaries)

₹5.85 L/yr - ₹11.3 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Marketing Executive Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

Business Executive Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Territory Sales Executive Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Area Sales Manager Salary

(30 salaries)

₹4 L/yr - ₹8.1 L/yr

Sales Officer Salary

(3 salaries)

₹4.5 L/yr - ₹5 L/yr

Top skills at Panacea Biotec for Medical Representative

Pharmaceutical Sales MR MR Pharmaceutical Sales Pharma Selling Pharma Marketing TBM Pharma Marketing Medical Rep

Salary related reviews for Panacea Biotec

3.5

Rated by 20 employees for salary & benefits

Business Development Executive

Marketing & Communication Department

5.0

• posted on 13 Jun 2020

4.0

for Salary and Benefits

Likes

I am working with safety avoid rush area crowded area company supporting me terms of salary and inputs like ppkit and mask company policies are good .

Salary - Good

+6 more

Dislikes

I got salary timely from the company but there is a big issue regarding my package i have completed 4year in panacea still my package is just 2.5 lack but new bde who joining the company got 3lacks package on same territory .senior bde of company is like a pillar company should give him more support as compare to new bde . Thankyou !

Sales Executive in Mumbai

Marketing & Communication Department

1.0

• posted on 24 Jul 2018

3.0

for Salary and Benefits

Likes

Work life balance

Dislikes

Delayed salary Policy paralysis Unresponsive senior management Nil growth Disconnect of managers from team No skill development Incompitable top management White elephants In company Spoiled corporate image among customers

Skill development - Bad

+3 more

Area Business Manager in Hyderabad / Secunderabad

Sales & Business Development Department

1.0

• posted on 31 Jan 2018

2.0

for Salary and Benefits

Likes

Worked for long 7years in the organization but very hard last 2years

Dislikes

There is no work culture now a days and there is no guaranteed salary date and overall single man show.There is no role of managers at all levels.

Salary - Poor

+6 more

Business Development Executive in Mumbai

Marketing & Communication Department

4.0

• posted on 28 Jun 2019

3.0

for Salary and Benefits

Likes

I have enjoyed worked with panacea and the knowledge which I have gained in the period of employment is amazing.But the company culture needs to be improved a lot

Skill development - Excellent

+1 more

Dislikes

Salary structure and not disbursement of salary at the right time

Scientific Officer in Baddi

Full Time

Research & Development Department

2.0

• posted on 28 Mar 2024

1.0

for Salary and Benefits

Likes

Company provide opportunities to freshers but don't provide growth opportunities further

Skill development - Good

Dislikes

...d. 2. Field HR has no professionalism. They treat employees as bad as they can. They just conduct interviews without discussing salary expectations. 3. Quality control department has worst lab Managers who are non competent, Egoistic & have no Scientific knowledge. They are terrible in handling their teams. They discourage employees who are good at work. 4. There is no Employee Encouraging Work culture. No matter how much good /excel you are at work, they always praise ones who are good at pretending to be a smart one. 5. No promotion strategy, no appraisal/increment for the employees who are at Analyst level. Give Increment every 2 years. That too 10%. 7. Quality Control Methods are unnecessary complicated, lengthy and has no supported scientific studies performed to support Method Validation data. 8. No vision for future expansion. Entire company is running on 2-3 products.

Salary - Bad

+2 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Panacea Biotec Medical Representative Salary FAQs

What is the salary of Medical Representative at Panacea Biotec ?

The average salary of a Medical Representative at Panacea Biotec in India typically ranges from ₹2.2 Lakhs to ₹5.2 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Medical Representative at Panacea Biotec earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.2 Lakhs per year. Medical Representative Salaries at Panacea Biotec can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 30+ Panacea Biotec employees in India.

What is the estimated take home salary of a Medical Representative at Panacea Biotec in India?

The estimated take-home salary of a Medical Representative at Panacea Biotec in India typically ranges from ₹28,136 to ₹29,528 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹5.2 Lakhs per year for employees with experience ranging from 1 year to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 30+ salaries received from various employees of Panacea Biotec. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Medical Representative at Panacea Biotec ?

To be a Medical Representative at Panacea Biotec in india, the key skills required include:

- Pharmaceutical Sales
- MR
- MR
- Pharmaceutical Sales
- Pharma Selling

These skills are highly valued at Panacea Biotec and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Panacea Biotec for Medical Representative in India?

Serum Institute of India	₹1.7 Lakhs to ₹6.5 Lakhs per year
Indian Immunologicals	₹3.7 Lakhs to ₹5.0 Lakhs per year
Biogen	₹2.0 Lakhs to ₹8.0 Lakhs per year
Biocon Limited	₹2.8 Lakhs to ₹5.5 Lakhs per year
Biocon Biologics	₹2.4 Lakhs to ₹5.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Panacea Biotec, depending on the role and experience level.

What is the salary of a Medical Representative in companies similar to Panacea Biotec in India?

The salary of a Medical Representative at companies similar to Panacea Biotec in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bharat Biotech International	₹3.7 Lakhs to ₹4.6 Lakhs per year
Hester Biosciences	₹2.7 Lakhs to ₹3.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Medical Representative at Panacea Biotec in India?

The salary growth for a Medical Representative at Panacea Biotec depends on factors such as experience, performance, and promotions. On average, a Medical Representative can expect the following growth trajectory at Panacea Biotec:

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹6.5 Lakhs per year
2 years	₹2.2 Lakhs to ₹4.7 Lakhs per year
3 years	₹2.5 Lakhs to ₹4.5 Lakhs per year
4 years	₹2.5 Lakhs to ₹6.9 Lakhs per year

and so on.

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Panacea Biotec Medical Representative Salaries

Panacea Biotec Medical Representative salary in India ranges between ₹2.2 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 32 Panacea Biotec latest salaries received from various employees of Panacea Biotec.