Hourly Wage for Pharmacy Benefit Manager Salary in the United States

Pharmacy Benefit Manager Salary in the United States

What is the highest and lowest hourly pay for Pharmacy Benefit Manager?

As of May 01, 2026, the average hourly pay of Pharmacy Benefit Manager in the United States is $67. While Salary.com is seeing that the highest pay for Pharmacy Benefit Manager in the US can go up to $79 and the lowest down to $55, but most earn between $61 and $73. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Pharmacy Benefit Manager in the United States.

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Pharmacy Benefit Manager Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Pharmacy Benefit Manager Salary $55 US May 01, 2026
25th Percentile Pharmacy Benefit Manager Salary $61 US May 01, 2026
50th Percentile Pharmacy Benefit Manager Salary $67 US May 01, 2026
75th Percentile Pharmacy Benefit Manager Salary $73 US May 01, 2026
90th Percentile Pharmacy Benefit Manager Salary $79 US May 01, 2026
25% $61 10% $55 90% $79 75% $73 $67 50%(Median) Didn’t find job title? Click
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What is a Pharmacy Benefit Manager ?

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

See user submitted job responsibilities for Pharmacy Benefit Manager.

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Job Openings for Pharmacy Benefit Manager

Career Path for this job

  1. Down a level:

    Benefits Supervisor

    3 - 5 years experience
    Bachelor's Degree

  2. This Job:

    Pharmacy Benefit Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Benefits Senior Manager


    Bachelor's Degree

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Understand the total hourly compensation opportunity for a Pharmacy Benefit Manager, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
61
73
67

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
64
83
73
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Pharmacy Benefit Manager in the United States. The average hourly rate for Pharmacy Benefit Manager ranges from $61 to $73 with the average hourly pay of $67. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $64 to $83 with the average total hourly cash compensation of $73.

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61
73

 

Skills associated with Pharmacy Benefit Manager: Reporting

Recently searched related titles: Mobile Lead, Benefit Manager, Global Benefits Manager

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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