As of August 01, 2026, the average salary for a Pharmacy Benefit Management Manager in Utah is $139,840 per year, which breaks down to an hourly rate of $67.
However, a Pharmacy Benefit Management Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Pharmacy Benefit Management 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 Pharmacy Benefit Management 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 | $106,595 |
| Pharmacy Benefit Management Manager | 7+ years | $139,838 |
| PBM Senior Manager | 7+ years | $153,337 |
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 Pharmacy Benefit Management Managers. For example, consider the average annual salaries in these key locations:
Pharmacy Benefit Management Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $155,063. While startup companies pay approximate $131,539.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $131,539 |
| Growth Stage | 51~500 | $139,028 |
| Established | 501~5000 | $149,816 |
| Enterprise | 5000+ | $155,063 |
For Pharmacy Benefit Management 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, Pharmacy Benefit Management Manager positions in Edu., Gov't. & Nonprofit or Pharmaceuticals typically offer lower base pay, as these industries often view Pharmacy Benefit Management Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $167,808 | $81.0 | 20% |
| Healthcare | $160,816 | $77.0 | 15% |
Understanding how a Pharmacy Benefit Management 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 August 01, 2026For a Pharmacy Benefit Management 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 $153,400 - a projected growth of 10% over your current level.
Ready to take the next step in your career? Browse thousands of current Pharmacy Benefit Management Manager job openings on our job board. Use the search bar below to find your perfect match.
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