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As of August 01, 2026, the average salary for a Formulary Operations Manager in the United States is $171,000 per year, which breaks down to an hourly rate of $82.
However, a Formulary Operations Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Formulary Operations Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $191,500 | $15,958 | $3,683 | $92 |
| Average | $171,000 | $14,250 | $3,288 | $82 |
| 25th Percentile | $149,400 | $12,450 | $2,873 | $72 |
Reco Equipment Inc - Columbus, OH
Community Kitchen Inc. - Columbus, OH
Savage Transload Network LLC - Columbus, OH
Jushi - Columbus, OH
A Formulary Operations Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how geographic location, and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Formulary Operations Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Formulary Operations Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $189,616. While startup companies pay approximate $160,849.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $160,849 |
| Growth Stage | 51~500 | $170,007 |
| Established | 501~5000 | $183,199 |
| Enterprise | 5000+ | $189,616 |
For Formulary Operations Manager roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Pharmaceuticals sectors offer the strongest compensation, at 30% above the average. In contrast, Formulary Operations Manager positions in Insurance or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Formulary Operations Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $222,300 | $107.0 | 30% |
| Pharmaceuticals | $205,200 | $99.0 | 20% |
Understanding how a Formulary Operations Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $191,500 | $15,958 | $3,683 | $92 |
| Average | $171,000 | $14,250 | $3,288 | $82 |
| 25th Percentile | $149,400 | $12,450 | $2,873 | $72 |
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation PlanningHere are companies hiring for Formulary Operations Manager and their salaries, click below for more details.
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Edu., Gov't. & Nonprofit
Ready to take the next step in your career? Browse thousands of current Formulary Operations Manager job openings on our job board. Use the search bar below to find your perfect match.
Ulta Beauty
Columbus, OH
Ulta Beauty | Columbus, OH
Ulta Beauty - - Responsibilities: Lead a team of Task Associates and the Merchandise Manager. Drive top-line sales growth and manage payroll budgets. Revie... more
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Columbus, OH
Zipline Logistics | Columbus, OH
Job Description. Job Description. Description. Position Summary. The Revenue Operations Manager is responsible for optimizing the revenue engine across Sal... more
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Columbus, OH
First Watch Restaurants | Columbus, OH
First Watch Restaurants - - Responsibilities: Supervise kitchen operations and the overall dining experience. Coach and develop restaurant team members. Me... more
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WillScot
Columbus, OH
WillScot | Columbus, OH
At WillScot, our team of nearly 5000people makes our company a Great Place to Work and we believe our people are what give us a competitive advantage in th... more
6 Days Ago
Light and Wonder International, Inc.
Columbus, OH
Light and Wonder International, Inc. | Columbus, OH
Position SummaryWho We Are:We are a growth-oriented technology-enabled services organization supporting customers across multiple markets. Our Field Servic... more
6 Days Ago
Foxtrot Aviation Services LLC
Columbus, OH
Foxtrot Aviation Services LLC | Columbus, OH
Job Description. Job Description. Description. FoxTrot Aviation Services is seeking a consistently hard-working. Operations Manager. based at. John Glenn C... more
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The Healthcare industry offers the highest average compensation for Formulary Operations Manager roles, with salaries approximately 30% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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