As of July 01, 2026, the average salary for a Formulary Strategy Manager in the United States is $170,530 per year, which breaks down to an hourly rate of $82.
However, a Formulary Strategy Manager's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
Recruit with AI
AI Onboarding
Formulary Strategy Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $191,000 | $15,917 | $3,673 | $92 |
| Average | $170,530 | $14,211 | $3,279 | $82 |
| 25th Percentile | $149,020 | $12,418 | $2,866 | $72 |
Industrial Profile Systems - South Arlington, OH
Confidential - Columbus, OH
Confidential - Columbus, OH
Confidential - Columbus, OH
A Formulary Strategy 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 Strategy 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 Strategy Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $189,215. While startup companies pay approximate $160,440.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $160,440 |
| Growth Stage | 51~500 | $169,589 |
| Established | 501~5000 | $182,821 |
| Enterprise | 5000+ | $189,215 |
For Formulary Strategy 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 Strategy Manager positions in Insurance or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Formulary Strategy Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $221,689 | $107.0 | 30% |
| Pharmaceuticals | $204,636 | $98.0 | 20% |
Understanding how a Formulary Strategy 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 | $191,000 | $15,917 | $3,673 | $92 |
| Average | $170,530 | $14,211 | $3,279 | $82 |
| 25th Percentile | $149,020 | $12,418 | $2,866 | $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 Strategy 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 Strategy Manager job openings on our job board. Use the search bar below to find your perfect match.
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers:
