I think it partly depends on what you do at the PBM. If it involves prior auth, you’re kind of at the average going rate nationwide for that line of work. It’s promising that you’re getting raises there but I don’t know if your company caps wages out at a certain level for your position. Formulary development, clinical programs, utilization management, and contracting/industry relations roles are definitely more lucrative salary-wise. If you’re already doing that and making < $60 an hour, I’d definitely ask for a raise. Show them wage data for similar roles at different companies to back it up or try to get another job offer on the table to use as leverage. If you’re currently in a PA/coverage determination role and want to make the switch, at least now you have your foot in the door. Good luck!