Budget Manager Salary

With just over a half 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 $70K annually and can range from $42K on the lower end to $111K per year near the higher end. Residence is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction is high and work is enjoyable for most Budget Managers. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. This report is based on responses to the PayScale salary survey.

$43,787 - $108,114
$44K
$70K
$110K
MEDIAN: $70,003
10%
50%
90%

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$15.26 - $37.00
$20
MEDIAN: $20.39
50%

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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
$43,787 - $108,114  
   
Bonus
$0.00 - $14,848  
Profit Sharing
$5,000  
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).
)
$42,405 - $110,596  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 174
© PayScale, Inc. @ www.payscale.com
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
$20.39  
   
Overtime
$39.42  
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 - $14,848  
   
Profit Sharing
$5,000  
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).
)
$42,405 - $110,596  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 8
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

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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Budget Managers often transition into Chief Financial Officer positions, for which compensation tends to be much higher. On average, Chief Financial Officers earn $123K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Budget Managers report using a wide range 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 are correlated to lower pay, on the other hand, 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

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


Experience does not seem to be a strong driver of pay increase in this role. Although individuals who have less than five years' experience earn $60K on average, people with five to 10 years benefit from a notably larger average of $72K. People with 10 to 20 years of experience make an average of about $75K in this role. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Budget Manager with more than 20 years of experience can earn $79K on average.

Pay Difference by Location

National Average: $69,738

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

Houston is home to an above-average pay rate for Budget Managers, 40 percent higher than the national average. Budget Managers can also look forward to large paychecks in cities like Washington (+36 percent), Chicago (+25 percent), Boston (+12 percent), and Atlanta (+10 percent). Place of residence plays a huge part in a Budget Manager's salary, with Northampton Budget Managers earning salaries that are 26 percent less than the national average.

Related Job Salaries

Key Stats for Budget Manager

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.
Less than 1 year
2%
1-4 years
19%
5-9 years
27%
10-19 years
33%
20 years or more
19%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Budget Manager Salaries

▲14%

▲7%

▲3%

National Average
$70,000

▼14%

Skills That Affect Budget Manager Salaries



▲1%

National Average
$70,000

Project Management
▼2%


Accounting
▼4%

Microsoft Excel
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
27%
10-19 years
33%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 78%
vision benefits
Vision: 65%
dental benefits
None: 7%
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