Budget Manager Salary

Budget Managers in the United States are often veterans in their line of work, with about one-half bringing more than 10 years of experience to the table. Salaries slide in at $73K per year on average but can range from $48K to $109K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. A large number enjoy medical while most get dental coverage. Vision coverage is also available to the larger part. More than half of Budget Managers (65 percent) survey participants are women. The numbers in this rundown were provided by PayScale's salary survey participants.

$49,444 - $107,627
(Median)
$49K
$73K
$110K
MEDIAN: $73,417
10%
50%
90%

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$16.58 - $38.70
(Median)
$17
$27
$39
MEDIAN: $26.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$49,444 - $107,627  
   
Bonus
$0.00 - $10,143  
Profit Sharing
$3,000  
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).
)
$47,745 - $109,148  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 324
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$16.58 - $38.70  
   
Overtime
$40.20  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $10,143  
   
Profit Sharing
$3,000  
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).
)
$47,745 - $109,148  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 25
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Job Description for Budget Manager

The role of a budget manager is essential in organizations of all sizes. They are the people who control incomes and spending patterns throughout each financial year, deal the government's tax and rebate systems, and provide payroll support for all employees of the organization. The position requires a good head for numbers and the ability to use multiple types of financial software and, in some cases (especially in larger organizations), the role may include leading a team of financial analyzers.

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Budget Manager Tasks

  • Oversees expenditures to ensure compliance within operational and capital budget limits.
  • Informs management regarding budgeting systems, policies and procedures and projections.
  • Monitors the preparation of budgets for departments based on performance, revenue, and expenses.
  • Manages day-to-day operation of budget unit staff and gives technical direction.
  • Ensures internal processes are in compliance with state and federal standards and regulations.

Common Career Paths for Budget Manager


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Advancing into a Chief Financial Officer role seems to be a popular career move for Budget Managers, and folks who currently work in the latter position report a notably larger median income of $123K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Budget Managers only report a few specific skills. Most notably, skills in Financial Analysis, Budgeting, Budget Management, and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Financial Reporting and Project Management. The majority of those who know Budget Management also know Budgeting.

Pay by Experience Level for Budget Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Budget Managers, experience does not seem to be a major factor in determining pay. Relatively untried employees who have less than five years' experience make $62K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $73K. Budget Managers who work for 10 to 20 years in their occupation tend to earn about $79K. As Budget Managers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $88K.

Pay Difference by Location

National Average: $73,491

Larger city markers indicate a job is popular in that location.

Washington offers some of the highest pay in the country for Budget Managers, 18 percent above the national average. Budget Managers will also find cushy salaries in Chicago (+17 percent) and Atlanta (+5 percent). In New York, salaries are 2 percent below the national average and represent the lowest-paying market.

Related Job Salaries

United States (change)

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Experience Affects Budget Manager Salaries




National Average
$73,000


Skills That Affect Budget Manager Salaries

Financial Analysis
up arrow 4%

Budgeting
up arrow 2%

Budget Management
0%

National Average
$73,000

Project Management
up arrow 7%

Financial Reporting
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 73 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
0%
1-4 years
17%
5-9 years
32%
10-19 years
34%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
medical benefits
Vision: 69%
dental benefits
None: 8%
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