As of May 01, 2026, the average annual salary for Pharmacy Benefit Manager in the US is $140,040, equivalent to $67 per hour, $2,693 weekly, or $11,670 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Pharmacy Benefit Manager in cities like San Jose, Santa Clara, and San Francisco.

Annually Salaries for Pharmacy Benefit Manager in the US vary widely, spanning from $115,202 to $163,500. Most professionals fall between the 25th percentile ($127,039) and 75th percentile ($152,320), while top earners (90th percentile) make $163,500 per year. This $25,281 pay gap underscores opportunities for salary growth through certifications, specialized skills like Leadership or Microsoft Office, or targeting high-paying regions like District of Columbia or California.

Location and experience significantly influence earnings. For example, District of Columbia Pharmacy Benefit Manager often earn 10.7% above national averages due to demand from Fortune 29 companies and industry startups. Professionals are advised to focus on high-growth sectors like to offset market challenges.

Based on HR-reported data: a national average with a geographic differential
Pharmacy Benefit Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Pharmacy Benefit Manager Salary $115,202 US May 01, 2026
25th Percentile Pharmacy Benefit Manager Salary $127,039 US May 01, 2026
50th Percentile Pharmacy Benefit Manager Salary $140,040 US May 01, 2026
75th Percentile Pharmacy Benefit Manager Salary $152,320 US May 01, 2026
90th Percentile Pharmacy Benefit Manager Salary $163,500 US May 01, 2026
25% $127,039 10% $115,202 90% $163,500 75% $152,320 $140,040 50%(Median) Didn’t find job title? Click
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Check out Pharmacy Benefit Manager jobs in Columbus, Ohio

Pharmacy Purchasing Manager

CommuniCare Corporate - Broadview Heights, OH

Pharmacy Relationship Manager

America's Pharmacy Group, LLC - Cleveland, OH

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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.

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

Understand the total compensation opportunity for a Pharmacy Benefit Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
127039
152320
140040

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
132669
172337
151122
These charts show 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. The base salary for Pharmacy Benefit Manager ranges from $127,039 to $152,320 with the average base salary of $140,040. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $132,669 to $172,337 with the average total cash compensation of $151,122.

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For a real-time salary target, tell us more about your role in the four categories below.

127039
152320

 

Skills associated with Pharmacy Benefit Manager: Reporting

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