How much does a Pharmacy Benefit Manager make hourly in the United States? The average hourly wage for a Pharmacy Benefit Manager in the United States is $64 as of March 26, 2024, but the salary range typically falls between $57 and $72. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Hourly Pay Rate | Location | Last Updated |
10th Percentile Pharmacy Benefit Manager Salary | $51 | US | March 26, 2024 |
25th Percentile Pharmacy Benefit Manager Salary | $57 | US | March 26, 2024 |
50th Percentile Pharmacy Benefit Manager Salary | $64 | US | March 26, 2024 |
75th Percentile Pharmacy Benefit Manager Salary | $72 | US | March 26, 2024 |
90th Percentile Pharmacy Benefit Manager Salary | $78 | US | March 26, 2024 |
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In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans. According to the American Pharmacists Association, "PBMs are primarily responsible for developing and maintaining the formulary, contracting with pharmacies, negotiating discounts and rebates with drug manufacturers, and processing and paying prescription drug claims. For the most part, they work with self-insured com...
Source: Wikipedia (as of 04/18/2019). Read more from Wikipedia
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3 - 5 years experience
Bachelor's Degree
5 + years experience
Bachelor's Degree
Bachelor's Degree
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Benefits Administrator I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Benefits Administrator II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Benefits Administrator III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Benefits Clerk | Experience 1 - 3 | EducationHigh School | Salary Compared to This Job |
Job Title Benefits Senior Manager | Experience | EducationBachelors | Salary Compared to This Job |
Core compensation
Includes base and short-term incentives
Skills associated with Pharmacy Benefit Manager: Reporting
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