Budget Director Salary
Pay for Budget Directors in the United States sits in the ballpark of $86K per year. Residence and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Most Budget Directors report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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|Salary||$61,021 - $128,899|
|Bonus||$0.00 - $19,574|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$61,072 - $130,768|
Job Description for Budget Director
Budget directors are responsible for overseeing how budgets are implemented within an organization and attempt to balance the budget or even create a surplus. These directors are often given given budget proposals from various departments to be analyzed and approved prior to being dispersed, and they may occasionally decide which programs should be prioritized. Trends may also be analyzed in order to determine where changes can be made to ease spending.Read More...
When budget cuts must be made, forecast scenarios should be created to analyze the effects that these cuts may have. Budgets and spending should be reviewed and monitored, usually on a quarterly basis, and the budget director is also responsible for documentation relating to budgets, such as budget support documents and quarterly reports. General policies relating to budget spending may also be created and implemented by the budget director, along with budget goals, so problem-solving skills are important in this position. Budget directors should also be able to multitask and respond to requests quickly. Much of the work is done independently, but teamwork is also important in order to analyze situations and work toward solutions.
A bachelor's degree in accounting, finance, business public administration, or a related field is a minimum requirement for this advanced position, and many years of experience in budget management are also necessary. Proficiency with Microsoft Office programs such as Excel, PowerPoint, and Access is also expected.
Budget Director Tasks
- Establish budget and ensure adherence to yearly financial targets.
- Direct daily activities and goals of the financial team.
- Project manage important ventures while keeping to schedule and monetary restrictions.
- Develop and recommend plans for fiscal success based on data analysis.
Popular Skills for Budget Director
Budget Directors report a focused set of job skills. Fortunate workers who know Budgeting command much higher paychecks, scoring salaries 27 percent above average. Accounting, on the other hand, is typically associated with much lower pay. Competency in Budget Management frequently indicates knowledge of Financial Analysis.
Pay by Experience Level for Budget Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Budget Directors. During their first five years in the workforce, individuals in this position earn $72K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $77K. On average, Budget Directors make $88K following one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $117K.
Pay Difference by Location
For Budget Directors, busy Boston offers a higher-than-average pay rate, 53 percent above the national average. Location significantly influences compensation, with Nassau Budget Directors earning much less — 33 percent less — than the national average.
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Key Stats for Budget Director
Rated 5 out of 5
based on 13 votes.