Pharmacy Benefit Manager Salary in Newark, New Jersey

Pharmacy Benefit Manager Salary in Newark, NJ

How much does a Pharmacy Benefit Manager make in Newark, NJ? The average Pharmacy Benefit Manager salary in Newark, NJ is $151,243 as of May 28, 2024, but the salary range typically falls between $134,774 and $169,103. Salary ranges 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.

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Pharmacy Benefit Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Pharmacy Benefit Manager Salary $119,779 Newark,NJ May 28, 2024
25th Percentile Pharmacy Benefit Manager Salary $134,774 Newark,NJ May 28, 2024
50th Percentile Pharmacy Benefit Manager Salary $151,243 Newark,NJ May 28, 2024
75th Percentile Pharmacy Benefit Manager Salary $169,103 Newark,NJ May 28, 2024
90th Percentile Pharmacy Benefit Manager Salary $185,364 Newark,NJ May 28, 2024
25% $134,774 10% $119,779 90% $185,364 75% $169,103 $151,243 50%(Median) Didn’t find job title? Click
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Check out Pharmacy Benefit Manager jobs in Newark, New Jersey

Manager, Ambulatory Pharmacy - Full Time

Hackensack Meridian Health - Eatontown, NJ

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Delivery Driver - Weekly Pay + 401k + Free Tuition Benefit

Primetime Logistics LLC - Bordentown, NJ

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Benefit Consultant - Employee Benefits

Innovative Benefit Planning - Moorestown, NJ

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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 in Newark, NJ
  • Hackensack Meridian Health - Eatontown, NJ
    Overview. Our team members are the heart of what makes us better. At Hackensack Meridian. Health. we help our patients live better, healthier lives - and w...
    - 3 Days Ago
  • Primetime Logistics LLC - Bordentown, NJ
    Job Description. Job Description. Please note, at this time we are only accepting drivers with minimum 6 month delivery experience. Primetime Logistics is ...
    - 2 Days Ago
  • MyFEDBenefits - Newark, NJ
    Job Description. Job Description. Who are we. We are the Federal Benefit service and education leader and have been in the federal market for over 15 years...
    - 5 Days Ago
  • Innovative Benefit Planning - Moorestown, NJ
    Job Description. Job Description. Join Our Team as a Benefit Consultant. About Us. Innovative Benefit Planning is a woman owned business that thrives on in...
    - 3 Days Ago
  • America's Pharmacy Group, LLC - Fair Lawn, NJ
    Whether you are working in a Pharmacy looking for additional income, an established healthcare sales professional, or looking to break into Medical Sales, ...
    - 2 Days Ago

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

Average Base Salary

Core compensation

 
 
 
134774
169103
151243

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
143840
187767
164422
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 Newark, NJ. The base salary for Pharmacy Benefit Manager ranges from $134,774 to $169,103 with the average base salary of $151,243. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $143,840 to $187,767 with the average total cash compensation of $164,422.

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

134774
169103

 

About Newark, New Jersey    Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of th....More

Newark, New Jersey  area prices were up 1.6% from a year ago

Pharmacy Benefit Manager Salary in popular cities: Jersey City, Paterson, Elizabeth

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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