As of May 01, 2026, the average annual salary for Pharmacy Benefit Manager in Boston, MA is $155,612, equivalent to $75 per hour, $2,993 weekly, or $12,968 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 Boston, MA vary widely, spanning from $128,013 to $181,681. Most professionals fall between the 25th percentile ($141,166) and 75th percentile ($169,258), while top earners (90th percentile) make $181,681 per year. This $28,092 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, Boston Pharmacy Benefit Manager often earn 2.1% higher than national averages. However, Boston currently ranks 56 statewide for Pharmacy Benefit Manager job salary. 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 $128,013 Boston, MA May 01, 2026
25th Percentile Pharmacy Benefit Manager Salary $141,166 Boston, MA May 01, 2026
50th Percentile Pharmacy Benefit Manager Salary $155,612 Boston, MA May 01, 2026
75th Percentile Pharmacy Benefit Manager Salary $169,258 Boston, MA May 01, 2026
90th Percentile Pharmacy Benefit Manager Salary $181,681 Boston, MA May 01, 2026
25% $141,166 10% $128,013 90% $181,681 75% $169,258 $155,612 50%(Median) Didn’t find job title? Click
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America's Pharmacy Group, LLC - Lowell, MA

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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 in Boston, MA

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

 
 
 
141166
169258
155612

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
147422
191501
167927
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 Boston, MA. The base salary for Pharmacy Benefit Manager ranges from $141,166 to $169,258 with the average base salary of $155,612. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $147,422 to $191,501 with the average total cash compensation of $167,927.

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141166
169258

 

About Boston, Massachusetts    Boston has an area of 89.63 square miles (232.1 km2)—48.4 square miles (125.4 km2) (54%) of land and 41.2 square miles (106.7 km2) (46%) of water. The....More

Boston, Massachusetts  area prices were up 2.5% from a year ago

Pharmacy Benefit Manager Salary in popular cities: WorcesterSpringfieldLowell

Skills associated with Pharmacy Benefit Manager: Reporting

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