As of January 01, 2026, the average salary for a PBM Manager in the United States is $145,900 per year, which breaks down to an hourly rate of $70.
However, a PBM Manager's salary can vary significantly. Here’s a look at the typical salary range:
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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:
| Levels | Salary |
|---|---|
| Entry Level PBM Manager | $143,363 |
| Intermediate Level PBM Manager | $143,667 |
| Senior Level PBM Manager | $144,682 |
| Specialist Level PBM Manager | $145,900 |
| Expert Level PBM Manager | $146,788 |
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:
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 January 01, 2026For a PBM Manager, the most direct path to higher earnings is advancing to the PBM Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $160,100 - a projected growth of 10% over your current level.
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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 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.)
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