Budget Manager Salary

The majority of Budget Managers in the United States — roughly one-half — boast more than 10 years of experience in their profession. Salaries stretch from $49K to $111K per year, and the median is $74K annually. Final cash compensation to Budget Managers varies from around $49K to approximately $111K; choice pay grades include potential for bonuses and profit sharing as high as $12K and $9K, respectively. Geography is the biggest factor affecting pay for this group, followed by experience level. More than half of Budget Managers (62 percent) survey participants are women. Nearly all have medical and dental plans, and more than half have vision insurance. For the most part, Budget Managers enjoy their work and report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$50,294 - $108,153
(Median)
$50K
$74K
$110K
MEDIAN: $74,210
10%
50%
90%

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$17.30 - $38.18
(Median)
$17
$27
$38
MEDIAN: $27.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$50,294 - $108,153  
   
Bonus
$0.00 - $12,452  
Profit Sharing
$-0.50 - $8,854  
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).
)
$49,002 - $110,607  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 311
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$17.30 - $38.18  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $12,452  
   
Profit Sharing
$-0.50 - $8,854  
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).
)
$49,002 - $110,607  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 24
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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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Budget Managers often transition into Chief Financial Officer positions, for which compensation tends to be much higher. On average, Chief Financial Officers earn $122K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Budget Managers who responded to the survey report just a handful of professional skills. Most notably, skills in Financial Analysis, Budgeting, Budget Management, and Project Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Financial Reporting and Project Management. Those familiar with Budget Management also tend to know Budgeting.

Pay by Experience Level for Budget Manager

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


Budget Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Respondents with less than five years' experience take home $62K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $74K. For Budget Managers, 10 to 20 years of experience on the job amounts to an average salary of $81K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $92K.

Pay Difference by Location


For Budget Managers, busy Boston offers a higher-than-average pay rate, 38 percent above the national average. Budget Managers will also find cushy salaries in Washington (+16 percent) and Chicago (+11 percent). New York ranks last in the field for pay, reporting salaries 6 percent below the national average.

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Experience Affects Budget Manager Salaries




National Average
$74,000


Skills That Affect Budget Manager Salaries

Financial Analysis
up arrow 4%

Budgeting
up arrow 1%

National Average
$74,000

Budget Management
up arrow 1%

Project Management
up arrow 8%

Financial Reporting
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
0%
1-4 years
16%
5-9 years
33%
10-19 years
34%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 67% employee benefits None: 7%
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