As of July 01, 2026, the average hourly rate for a PBM Manager in the United States is $70, which translates to an annual salary of about $146,100.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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A PBM 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.
Experience is a primary driver of a PBM 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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| PBM Supervisor | 7+ years | $111,313 |
| PBM Manager | 7+ years | $146,010 |
| PBM Senior Manager | 7+ years | $160,111 |
What Am I Worth?
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 PBM Managers. For example, consider the average annual salaries in these key locations:
PBM Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $162,108. While startup companies pay approximate $137,456.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $137,456 |
| Growth Stage | 51~500 | $145,294 |
| Established | 501~5000 | $156,630 |
| Enterprise | 5000+ | $162,108 |
For PBM Manager roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Healthcare sectors offer the strongest compensation, at 20% above the average. In contrast, PBM Manager positions in Edu., Gov't. & Nonprofit or Pharmaceuticals typically offer lower base pay, as these industries often view PBM Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $175,320 | $84.0 | 20% |
| Healthcare | $168,015 | $81.0 | 15% |
Understanding how a PBM 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.
Last Updated on July 01, 2026
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The Insurance industry offers the highest average compensation for PBM Manager roles, with salaries approximately 20% above the market median.
PBMs can earn substantial salaries, with a minimum of $153,000, a mid-range of $165,100, and a maximum of $181,700. They generate around $315 billion annually through various income streams, including rebate sharing, pharmacy spread, PBM-owned pharmacies, administrative fees, and DIR fees, contributing to their overall profitability.
The highest-paid manager roles typically include positions such as PBM Manager, with salaries ranging from $153,000 to $181,700. Other high-paying managerial positions may include store manager, farm manager, and marketing manager, among others. These roles often offer competitive compensation reflecting their responsibilities and industry demands.
The highest salary for a PBM Manager is $181,700. In the pharmaceutical industry, salaries can vary significantly, with roles like Pharmaceutical Scientists earning around $12 LPA and Clinical Researchers around $5 LPA. However, the PBM Manager position stands out with a competitive salary range, reflecting its importance in the sector.
Scripts or AllianceRx Walgreens Pharmacy provides mail and specialty pharmacy services. In December 2021, Walgreens acquired Prime Therapeutics' 45% ownership interest, resulting in no PBM ownership in 2022. As of June 2022, the company was rebranded as AllianceRx Walgreens Pharmacy. The salary range for a PBM Manager is between $153,000 and $181,700, with a midpoint of $165,100.
Based on the salary data for a PBM Manager, the compensation ranges from a minimum of $153,000 to a maximum of $181,700, with a mid-salary of $165,100. This suggests that top-paying companies in the pharmaceutical sector offer competitive salaries, potentially exceeding those reported by Bristol-Myers, which had a median pay of $112,174 last year.
A Pharmacy Benefit Manager (PBM) typically earns between $153,000 and $181,700 annually, with a median salary of around $165,100. This is significantly higher than the average salaries reported in various states, indicating that PBMs generally receive a competitive compensation package.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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