As of March 01, 2025, the average annual salary for a Pharmacy Benefit Manager in Philadelphia, PA is $143,802. According to Salary.com, salaries can range from a low of $114,588 to a high of $176,007, with most professionals earning between $128,510 and $160,659.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Pharmacy Benefit Manager Salary | $114,588 | Philadelphia,PA | March 01, 2025 |
| 25th Percentile Pharmacy Benefit Manager Salary | $128,510 | Philadelphia,PA | March 01, 2025 |
| 50th Percentile Pharmacy Benefit Manager Salary | $143,802 | Philadelphia,PA | March 01, 2025 |
| 75th Percentile Pharmacy Benefit Manager Salary | $160,659 | Philadelphia,PA | March 01, 2025 |
| 90th Percentile Pharmacy Benefit Manager Salary | $176,007 | Philadelphia,PA | March 01, 2025 |
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.
3 - 5 years experience
Bachelor's Degree
5 + years experience
Bachelor's Degree
Bachelor's Degree
| 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 Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Benefits Clerk | Experience 1 - 3 | EducationHigh School | Salary Compared to This Job |
Core compensation
Includes base and annual incentives
About Philadelphia, Pennsylvania Philadelphia, sometimes known colloquially as Philly, is the largest city in the U.S. state and Commonwealth of Pennsylvania, and the sixth-most popul....More
Philadelphia, Pennsylvania area prices were up 1.0% from a year ago
Pharmacy Benefit Manager Salary in popular cities: Pittsburgh, Allentown, Erie
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
Jobs with a similar salary range to Pharmacy Benefit Manager : Pharmacy Benefits Manager, Aerospace Manager
