As of May 18, 2021, the average annual salary for Pharmacy Benefit Manager in the US is $139,966, equivalent to $67 per hour, $2,692 weekly, or $11,664 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Pharmacy Benefit Manager in cities like Santa Clara, San Jose, and Fremont.

Annually Salaries for Pharmacy Benefit Manager in the US vary widely, spanning from $115,109 to $163,359. Most professionals fall between the 25th percentile ($126,955) and 75th percentile ($152,211), while top earners (90th percentile) make $163,359 per year. This $25,256 pay gap underscores opportunities for salary growth through certifications, specialized skills like Leadership or Microsoft Office, or targeting high-paying regions like District of Columbia or California.

Location and experience significantly influence earnings. For example, District of Columbia Pharmacy Benefit Manager often earn 11.3% above national averages due to demand from Fortune 29 companies and industry startups. Professionals are advised to focus on high-growth sectors like to offset market challenges.

Based on HR-reported data: a national average with a geographic differential
Pharmacy Benefit Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Pharmacy Benefit Manager Salary $115,109 US May 18, 2021
25th Percentile Pharmacy Benefit Manager Salary $126,955 US May 18, 2021
50th Percentile Pharmacy Benefit Manager Salary $139,966 US May 18, 2021
75th Percentile Pharmacy Benefit Manager Salary $152,211 US May 18, 2021
90th Percentile Pharmacy Benefit Manager Salary $163,359 US May 18, 2021
25% $126,955 10% $115,109 90% $163,359 75% $152,211 $139,966 50%(Median) Didn’t find job title? Click
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What is a Pharmacy Benefit Manager ?

In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans. According to the American Pharmacists Association, "PBMs are primarily responsible for developing and maintaining the formulary, contracting with pharmacies, negotiating discounts and rebates with drug manufacturers, and processing and paying prescription drug claims. For the most part, they work with self-insured com...

Source: Wikipedia (as of 04/18/2019). Read more from Wikipedia

See user submitted job responsibilities for Pharmacy Benefit Manager.

Job Openings for Pharmacy Benefit Manager

Career Path for this job

  1. Down a level:

    Benefits Supervisor

    3 - 5 years experience
    Bachelor's Degree

  2. This Job:

    Pharmacy Benefit Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Benefits Senior Manager


    Bachelor's Degree

Understand the total compensation opportunity for a Pharmacy Benefit Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
126955
152211
139966

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
131849
171487
150419
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Pharmacy Benefit Manager in the United States. The base salary for Pharmacy Benefit Manager ranges from $126,955 to $152,211 with the average base salary of $139,966. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $131,849 to $171,487 with the average total cash compensation of $150,419.

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126955
152211

 

Skills associated with Pharmacy Benefit Manager: Reporting

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