As of May 01, 2026, the average annual salary for Pharmacy Benefit Manager in Springfield, IL is $134,830, equivalent to $65 per hour, $2,593 weekly, or $11,236 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 Springfield, IL vary widely, spanning from $110,917 to $157,418. Most professionals fall between the 25th percentile ($122,313) and 75th percentile ($146,654), while top earners (90th percentile) make $157,418 per year. This $24,341 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, Springfield Pharmacy Benefit Manager often earn 5.5% lower than national averages. However, Springfield currently ranks 501 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 $110,917 Springfield, IL May 01, 2026
25th Percentile Pharmacy Benefit Manager Salary $122,313 Springfield, IL May 01, 2026
50th Percentile Pharmacy Benefit Manager Salary $134,830 Springfield, IL May 01, 2026
75th Percentile Pharmacy Benefit Manager Salary $146,654 Springfield, IL May 01, 2026
90th Percentile Pharmacy Benefit Manager Salary $157,418 Springfield, IL May 01, 2026
25% $122,313 10% $110,917 90% $157,418 75% $146,654 $134,830 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.

Job Openings for Pharmacy Benefit Manager in Springfield, IL

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

 
 
 
122313
146654
134830

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
127734
165926
145501
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 Springfield, IL. The base salary for Pharmacy Benefit Manager ranges from $122,313 to $146,654 with the average base salary of $134,830. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $127,734 to $165,926 with the average total cash compensation of $145,501.

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122313
146654

 

About Springfield, Illinois    Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. ....More

Springfield, Illinois  area prices were up 1.3% from a year ago

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Skills associated with Pharmacy Benefit Manager: Reporting

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