What are the main factors that influence a Formulary Strategy Manager's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Formulary Strategy Manager's salary?

A Formulary Strategy Manager's salary grows with experience: starting around $154,215 for beginners, reaching about $156,677 at mid-level, and approach $163,025 for experts.

What are the highest paying states for a Formulary Strategy Manager?

Formulary Strategy Manager salary varies significantly by state. The top 3 highest paying states for Formulary Strategy Manager roles are District of Columbia $175,990, California $175,330, Massachusetts $172,990. These tech hubs typically pay 10-15% above the national average.

How much do different types of Formulary Strategy Manager roles make?

Salaries for Formulary Strategy Manager level roles vary by specialization: Formulary Operations Manager: $159,000; Formulary Manager: $158,949; Market Strategy Manager: $153,100; Strategy Development Manager: $150,900; Business Operations Strategy Manager: $150,871.

How do different companies affect a Formulary Strategy Manager's salary?

Company size, industry, and compensation structure create significant salary variations for Formulary Strategy Manager roles. Large, established industry leaders like New York Police Department ($97,099) and State of New York - Metropolitan Transportation Authority ($95,962) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $75,106.

Formulary Strategy Manager Salary in the United States

How much does a Formulary Strategy Manager make in the United States?

As of September 01, 2026, the average salary for a Formulary Strategy Manager in the United States is $158,950 per year, which breaks down to an hourly rate of $76.

However, a Formulary Strategy Manager's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $189,632
Majority Range (25th-75th percentile): $146,260 to $175,010
Entry-Level (10th percentile): $134,706

10% $134,706

50% (Median) $158,950

90% $189,632

Formulary Strategy Manager Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$175,010	$14,584	$3,366	$84
Average	$158,950	$13,246	$3,057	$76
25th Percentile	$146,260	$12,188	$2,813	$70

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Key Factors That Influence Formulary Strategy Manager Salaries

A Formulary Strategy Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Formulary Strategy Manager Salaries?

Experience is a primary driver of a Formulary Strategy Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Entry-Level (less than 1 year): $154,215
Early Career (1-2 years): $154,783
Mid-Level (2-4 years): $156,677
Senior-Level (5-8 years): $158,950
Expert (over 8 years): $163,025

Levels	Salary
Entry Level Formulary Strategy Manager	$154,215
Intermediate Level Formulary Strategy Manager	$154,783
Senior Level Formulary Strategy Manager	$156,677
Specialist Level Formulary Strategy Manager	$158,950
Expert Level Formulary Strategy Manager	$163,025

View as Graph

How Do Formulary Strategy Manager Salaries Vary from State to State?

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:

District of Columbia: $175,990.
California: $175,330.
Massachusetts: $172,990.

District of Columbia $175,990 California $175,330 Massachusetts $172,990 Washington $172,350 New Jersey $172,290 Alaska $172,070 Connecticut $169,870 New York $168,980

Hawaii $166,140 Rhode Island $164,800 Maryland $163,900 Minnesota $162,660 Colorado $162,180 Illinois $162,020 Oregon $161,420 Delaware $160,970

New Hampshire $160,690 Virginia $160,070 Pennsylvania $158,240 Nevada $157,320 North Dakota $157,010 Michigan $156,540 Wisconsin $156,360 Vermont $156,010

Texas $155,040 Maine $154,980 Arizona $154,880 Ohio $154,770 Georgia $153,310 Indiana $152,580 Wyoming $152,440 Utah $152,210

Iowa $152,120 Kansas $151,360 Louisiana $151,130 North Carolina $151,050 Missouri $151,020 Florida $150,400 Montana $150,070 Nebraska $149,750

Kentucky $149,580 South Carolina $148,940 Tennessee $148,540 Idaho $148,380 New Mexico $147,220 Oklahoma $146,970 Alabama $146,030 South Dakota $144,460

Arkansas $143,600 West Virginia $143,140 Mississippi $141,760

Top Paying Cities for Formulary Strategy Managers

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:

San Jose: $200,490
San Francisco: $198,290
Oakland: $194,110

San Jose, CA $200,490

San Francisco, CA $198,290

Oakland, CA $194,110

New York, NY $183,020

Paramus, NJ $180,790

Queens Village, NY $180,780

Passaic, NJ $180,630

Bergenfield, NJ $180,620

Stamford, CT $180,270

Huntington, NY $180,200

Newark, NJ $179,030

Bridgeport, CT $178,690

Vallejo, CA $178,380

New Brunswick, NJ $178,310

Petaluma, CA $178,220

Middlesex, NJ $177,920

Somerset, NJ $177,810

Santa Cruz, CA $177,600

Boston, MA $176,630

Monterey, CA $176,070

Seattle, WA $175,710

Santa Rosa, CA $175,680

Los Angeles, CA $175,630

Juneau, AK $175,210

Washington, DC $175,040

Orange, CA $174,470

Santa Ana, CA $174,050

Long Beach, CA $173,900

Anaheim, CA $173,860

Anchorage, AK $173,780

Santa Maria, CA $173,310

Everett, WA $173,280

Danbury, CT $172,720

Bremerton, WA $172,500

Tacoma, WA $171,920

New Suffolk, NY $171,920

Sacramento, CA $171,880

Santa Barbara, CA $171,700

Trenton, NJ $171,530

San Diego, CA $171,530

Brockton, MA $171,350

Fairbanks, AK $170,960

Lompoc, CA $170,560

Lowell, MA $170,430

Ventura, CA $170,400

Nashua, NH $170,370

Stockton, CA $170,350

Modesto, CA $169,190

Poughkeepsie, NY $168,840

Olympia, WA $168,540

Kennewick, WA $168,540

New Haven, CT $168,480

Lawrence, MA $167,900

Hartford, CT $167,740

Riverside, CA $167,710

New Bedford, MA $167,550

Richland, WA $167,550

Bakersfield, CA $167,330

San Bernardino, CA $167,270

New Britain, CT $167,250

Atlantic City, NJ $167,250

New London, CT $167,190

Norwich, CT $167,140

Portsmouth, NH $167,110

Boulder, CO $166,770

Portland, OR $166,550

Worcester, MA $166,540

Minneapolis, MN $166,040

Philadelphia, PA $165,820

Honolulu, HI $165,300

Saint Paul, MN $165,220

Vineland, NJ $165,180

Providence, RI $164,720

Chicago, IL $164,260

Bellingham, WA $164,070

Springfield, MA $163,940

Baltimore, MD $163,900

Chico, CA $163,500

Pittsfield, MA $163,070

Manchester, NH $162,770

Spokane, WA $162,070

Denver, CO $162,050

Albany, NY $161,310

Troy, NY $161,240

Nassau, NY $161,070

Schenectady, NY $160,910

Wilmington, DE $160,780

Burlington, VT $160,560

Salem, OR $160,500

Portland, ME $160,000

Yakima, WA $159,840

Rochester, MN $159,350

Reno, NV $159,270

Fresno, CA $159,270

Milwaukee, WI $159,130

Detroit, MI $158,970

Ann Arbor, MI $158,940

Allentown, PA $158,920

Colorado Springs, CO $158,650

Syracuse, NY $158,570

Carson City, NV $158,570

Houston, TX $158,350

Eugene, OR $158,270

Gary, IN $158,080

Springfield, OR $157,950

Bismarck, ND $157,920

Galveston, TX $157,810

Medford, OR $157,570

Fort Collins, CO $157,510

Concord, NH $157,430

Austin, TX $157,380

Mesa, AZ $157,050

Reading, PA $157,030

Phoenix, AZ $157,010

Dallas, TX $156,970

Saint Cloud, MN $156,810

Madison, WI $156,600

Utica, NY $156,170

Rochester, NY $155,920

Des Moines, IA $155,900

Raleigh, NC $155,890

Atlanta, GA $155,650

Battle Creek, MI $155,600

Salt Lake City, UT $155,550

Lancaster, PA $155,310

Harrisburg, PA $155,090

Kansas City, MO $154,930

Champaign, IL $154,900

Kansas City, KS $154,900

Fort Worth, TX $154,880

Columbus, OH $154,860

Boca Raton, FL $154,820

Pittsburgh, PA $154,760

Richmond, VA $154,690

Indianapolis, IN $154,660

Cleveland, OH $154,650

Las Vegas, NV $154,460

Cincinnati, OH $154,460

Petersburg, VA $154,220

Huntsville, AL $153,980

Lansing, MI $153,870

Lebanon, PA $153,850

Pueblo, CO $153,840

Appleton, WI $153,790

Buffalo, NY $153,720

Dayton, OH $153,680

Racine, WI $153,650

Charlotte, NC $153,630

Saint Louis, MO $153,580

York, PA $153,490

Elkhart, IN $153,490

Gastonia, NC $153,460

Billings, MT $153,420

Beaumont, TX $153,370

Lorain, OH $153,340

Benton Harbor, MI $153,310

Toledo, OH $153,280

Binghamton, NY $153,200

Rock Hill, SC $153,180

Rockford, IL $153,100

Springfield, IL $153,040

Elyria, OH $153,030

Fargo, ND $153,030

Flagstaff, AZ $152,910

Fort Lauderdale, FL $152,820

Duluth, MN $152,720

Miami, FL $152,720

Cheyenne, WY $152,610

Grand Forks, ND $152,610

Bangor, ME $152,260

Cedar Rapids, IA $152,090

Durham, NC $152,020

Louisville, KY $152,010

Grand Rapids, MI $151,980

Hialeah, FL $151,960

Casper, WY $151,740

Scranton, PA $151,550

New Orleans, LA $151,500

Virginia Beach, VA $151,480

Akron, OH $151,400

Peoria, IL $151,200

Sarasota, FL $151,170

Nashville, TN $151,050

Omaha, NE $151,050

Green Bay, WI $151,050

Baton Rouge, LA $150,970

Charleston, SC $150,940

Jamestown, NY $150,860

Davenport, IA $150,860

Tucson, AZ $150,780

Saint Petersburg, FL $150,690

Tampa, FL $150,660

Evansville, IN $150,560

Port Arthur, TX $150,560

Bradenton, FL $150,500

Santa Fe, NM $150,210

Orlando, FL $149,930

Clearwater, FL $149,880

Canton, OH $149,540

La Crosse, WI $149,540

Albuquerque, NM $149,450

Newport News, VA $149,430

High Point, NC $149,390

Ogden, UT $149,320

Corpus Christi, TX $149,190

Norfolk, VA $149,100

Laramie, WY $149,100

Rock Island, IL $149,000

Saginaw, MI $148,970

Jacksonville, FL $148,960

Salisbury, NC $148,920

Boise, ID $148,890

Moline, IL $148,810

Fort Myers, FL $148,770

Memphis, TN $148,730

Tulsa, OK $148,650

Waterloo, IA $148,560

Spartanburg, SC $148,400

Lincoln, NE $148,320

Fort Wayne, IN $148,290

Provo, UT $148,270

Cedar Falls, IA $148,080

San Antonio, TX $148,020

Greensboro, NC $147,950

South Bend, IN $147,940

Savannah, GA $147,760

Muskegon, MI $147,700

Birmingham, AL $147,680

Winston Salem, NC $147,610

Lake Charles, LA $147,220

Anderson, IN $147,190

Lexington, KY $147,140

Augusta, GA $147,100

Greenville, SC $147,100

Lima, OH $146,970

Wichita, KS $146,950

Tuscaloosa, AL $146,950

Columbia, SC $146,810

Springfield, OH $146,780

Asheville, NC $146,520

Bloomington, IN $146,410

Knoxville, TN $145,840

Shreveport, LA $145,820

Wilmington, NC $145,620

Roanoke, VA $145,620

Topeka, KS $145,330

Frankfort, KY $145,310

Oklahoma City, OK $145,200

Chillicothe, OH $145,140

Longview, TX $145,130

Melbourne, FL $145,110

Sioux Falls, SD $144,860

Mobile, AL $144,840

Terre Haute, IN $144,780

Altoona, PA $144,680

Amarillo, TX $144,570

Killeen, TX $144,520

Fayetteville, AR $144,390

Chattanooga, TN $144,350

Sioux City, IA $144,200

Idaho Falls, ID $144,170

Lynchburg, VA $144,040

Gainesville, FL $143,840

Portsmouth, OH $143,760

Little Rock, AR $143,730

Lafayette, LA $143,660

Youngstown, OH $143,660

Daytona Beach, FL $143,570

Clarksville, TN $143,550

Pensacola, FL $143,540

Temple, TX $143,520

Hopkinsville, KY $143,060

Erie, PA $143,030

Florence, SC $142,960

Charleston, WV $142,710

Great Falls, MT $142,630

Macon, GA $142,410

Tallahassee, FL $142,390

Fayetteville, NC $142,360

Waco, TX $142,330

Helena, MT $142,220

Pine Bluff, AR $142,160

Vincennes, IN $141,960

Lubbock, TX $141,900

Alamogordo, NM $141,800

Twin Falls, ID $141,660

Rapid City, SD $141,610

Jackson, MS $141,330

Huntington, WV $141,320

Greenville, MS $141,310

Parkersburg, WV $141,150

Montgomery, AL $141,120

Wichita Falls, TX $140,960

Springfield, MO $140,960

Biloxi, MS $140,880

Monroe, LA $140,720

Johnstown, PA $140,610

Sumter, SC $140,550

Columbus, GA $140,530

Pascagoula, MS $140,230

Abilene, TX $140,230

Kingsport, TN $139,820

Albany, GA $139,820

Gulfport, MS $139,770

Alexandria, LA $139,240

Fort Smith, AR $138,850

El Paso, TX $138,420

Las Cruces, NM $137,700

Harlingen, TX $137,300

Pocatello, ID $137,270

Florence, AL $137,070

Brownsville, TX $137,030

Mcallen, TX $136,700

Dothan, AL $136,480

Columbus, MS $135,530

Altus, OK $134,790

Lawton, OK $134,490

Pierre, SD $133,920

Formulary Strategy Manager Salary by Company Size: Startups vs. Enterprise

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 $176,220. While startup companies pay approximate $149,417.

Formulary Strategy Manager Salary by Company Size

Company Size	Employees	Average Salary
Startup	1~50	$149,417
Growth Stage	51~500	$157,948
Established	501~5000	$170,228
Enterprise	5000+	$176,220

Formulary Strategy Manager Salary by Industry: Top Paying Sectors

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.

The top paying industries for a Formulary Strategy Manager

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Healthcare	$206,635	$99.0	30%
Pharmaceuticals	$190,740	$92.0	20%

Formulary Strategy Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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.

$146,260

Average $158,950/year

$175,010

$12,188

Average $13,246/month

$14,584

$2,813

Average $3,057/week

$3,366

$70

Average $76/hour

$84

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$175,010	$14,584	$3,366	$84
Average	$158,950	$13,246	$3,057	$76
25th Percentile	$146,260	$12,188	$2,813	$70

Most common benefits for Formulary Strategy Manager

Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)

Common company salaries for Formulary Strategy Manager

Here are companies hiring for Formulary Strategy Manager and their salaries, click below for more details.

N $97,099/per year

New York Police Department Edu., Gov't. & Nonprofit the United States

S $95,962/per year

State of New York - Metropolitan Transportation Authority Edu., Gov't. & Nonprofit the United States

U $94,615/per year

US Department of Transportation Edu., Gov't. & Nonprofit the United States

U $93,141/per year

US General Services Administration Edu., Gov't. & Nonprofit the United States

L $92,342/per year

Los Angeles County Edu., Gov't. & Nonprofit the United States

D $92,011/per year

Department of Justice - Federal Bureau of Prisons Edu., Gov't. & Nonprofit the United States

U $91,967/per year

US Department of Commerce Edu., Gov't. & Nonprofit the United States

U $91,755/per year

US Department of Energy Edu., Gov't. & Nonprofit the United States

F $91,673/per year

Federal Bureau of Investigation Edu., Gov't. & Nonprofit the United States

N $90,276/per year

Naval Sea Systems Command Edu., Gov't. & Nonprofit the United States

T $88,975/per year

The US Immigration and Customs Enforcement Edu., Gov't. & Nonprofit the United States

S $88,721/per year

San Diego County Edu., Gov't. & Nonprofit the United States

T $88,664/per year

The TTB Edu., Gov't. & Nonprofit the United States

L $87,569/per year

Lutheran Services Edu., Gov't. & Nonprofit the United States

M $85,066/per year

Maryland Inc Edu., Gov't. & Nonprofit the United States

S $83,780/per year

State University of New York Edu., Gov't. & Nonprofit the United States

N $82,969/per year

New York State Edu., Gov't. & Nonprofit the United States

P $82,703/per year

Puerto Rico Department of Education Edu., Gov't. & Nonprofit the United States

U $80,526/per year

US Central Command Edu., Gov't. & Nonprofit the United States

H $80,286/per year

Health and Safety Executive Northern Ireland Edu., Gov't. & Nonprofit the United States

A $79,270/per year

Air Force Reserve Edu., Gov't. & Nonprofit the United States

A $78,505/per year

American Automobile Association (AAA) Edu., Gov't. & Nonprofit the United States

S $76,678/per year

State of Florida - Department of Health Edu., Gov't. & Nonprofit the United States

N $75,183/per year

New York State Department Edu., Gov't. & Nonprofit the United States

S $75,106/per year

State University System of Florida Edu., Gov't. & Nonprofit the United States

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FAQ about Formulary Strategy Manager

1. What industry pays the highest salary for Formulary Strategy Manager?

The Healthcare industry offers the highest average compensation for Formulary Strategy Manager roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

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Formulary Strategy Manager Salary in the United States

How much does a Formulary Strategy Manager make in the United States?

Key Factors That Influence Formulary Strategy Manager Salaries

How Experience Level Affects Formulary Strategy Manager Salaries?

How Do Formulary Strategy Manager Salaries Vary from State to State?

Top Paying Cities for Formulary Strategy Managers

Formulary Strategy Manager Salary by Company Size: Startups vs. Enterprise

Formulary Strategy Manager Salary by Company Size

Formulary Strategy Manager Salary by Industry: Top Paying Sectors

The top paying industries for a Formulary Strategy Manager

Formulary Strategy Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Most common benefits for Formulary Strategy Manager

Common company salaries for Formulary Strategy Manager

Find Your Next Formulary Strategy Manager Job

For Employees

For Employers

FAQ about Formulary Strategy Manager

1. What industry pays the highest salary for Formulary Strategy Manager?

Where Does Our Salary Data Come From?

Are you an HR manager or compensation specialist?

Formulary Strategy Manager Salary in the United States

How much does a Formulary Strategy Manager make in the United States?

Key Factors That Influence Formulary Strategy Manager Salaries

How Experience Level Affects Formulary Strategy Manager Salaries?

How Do Formulary Strategy Manager Salaries Vary from State to State?

Top Paying Cities for Formulary Strategy Managers

Formulary Strategy Manager Salary by Company Size: Startups vs. Enterprise

Formulary Strategy Manager Salary by Company Size

Formulary Strategy Manager Salary by Industry: Top Paying Sectors

The top paying industries for a Formulary Strategy Manager

Formulary Strategy Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Salaries of Jobs related to Formulary Strategy Manager

Most common benefits for Formulary Strategy Manager

Common company salaries for Formulary Strategy Manager

Find Your Next Formulary Strategy Manager Job

For Employees

For Employers

FAQ about Formulary Strategy Manager

1. What industry pays the highest salary for Formulary Strategy Manager?

Where Does Our Salary Data Come From?

Are you an HR manager or compensation specialist?