Budget Manager Salary

With just below three-fifths of Budget Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Budget Managers is $71K per year and can range from $43K on the lower end to $110K per year near the higher end. Geography and career length each impact pay for this group, with the former having the largest influence. The majority of Budget Managers (69 percent) who took the survey are women. The majority of workers are highly satisfied with their job. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The data for this synopsis comes from respondents who took the PayScale salary survey.

$48,216 - $109,334
$48K
$71K
$110K
MEDIAN: $71,449
10%
50%
90%

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$10.82 - $39.73
$11
$20
$40
MEDIAN: $19.65
10%
50%
90%

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$0$110K
Salary $48,216 - $109,334
Bonus $0.00 - $14,795
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).
)
$42,683 - $110,172
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 174
Hourly Data $0$39
Hourly Rate $10.82 - $39.73
Overtime $33.21
Annual Data $0$110K
Bonus $0.00 - $14,795
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).
)
$42,683 - $110,172
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 10

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United States (change)

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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

  • 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.
  • Monitors the preparation of budgets for departments based on performance, revenue, and expenses.
  • Oversees expenditures to ensure compliance within operational and capital budget limits.
  • Informs management regarding budgeting systems, policies and procedures and projections.

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

Popular Skills for Budget Manager


Survey results suggest that Budget Managers use a fairly large toolkit 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 pay less than market rate include Microsoft Excel, Accounting, and Financial Reporting. Those proficient in Budget Management are, more often than not, also skilled in Budgeting.

Pay by Experience Level for Budget Manager

Pay by Experience for a Budget Manager has a positive trend. An entry-level Budget Manager with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 58 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Budget Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $72,000 based on 76 salaries. An experienced Budget Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $75,000 based on 78 salaries. A Budget Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $79,000 based on 34 salaries.

Pay Difference by Location

National Average: $70,800

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

Budget Managers will find that Houston offers an impressive pay rate, one which exceeds the national average by 37 percent. Budget Managers will also find cushy salaries in Washington (+34 percent), Chicago (+23 percent), Boston (+10 percent), and Atlanta (+9 percent). Budget Managers in Northampton report much lower salaries than the rest of the country — 27 percent below the national average — proving that residence is a major factor in overall pay. Workers in Sioux City and New York earn salaries that trail the national average for those in this profession (13 percent less and 1 percent less, respectively).

Budget Manager Reviews

Q: What is it like working as a Budget Manager?

Budget Manager in Seattle:
"For the Sake of What?"
Pros: I know that the work I and we are doing always makes a difference?
Cons: Lack of accountability at times.

Related Job Salaries

Key Stats for Budget Manager

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.
Less than 1 year
2%
1-4 years
16%
5-9 years
26%
10-19 years
38%
20 years or more
18%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Budget Manager Salaries

▲12%

▲5%

▲2%

National Average
$71,000

▼16%

Skills That Affect Budget Manager Salaries


National Average
$71,000


▼1%

Project Management
▼4%


Accounting
▼6%

Microsoft Excel
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
2%
1-4 years
16%
5-9 years
26%
10-19 years
38%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 77%
vision benefits
Vision: 68%
no benefits
None: 8%
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