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Budget Manager Salary (United States)

The majority of Budget Managers in the United States — a little more than half — boast more than 10 years of experience in their profession. Salaries stretch from $49K to $112K per year, and the median is $75K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Job satisfaction is reported as high by the vast majority of workers. Nearly all receive medical and dental insurance and the greater part get vision insurance. Women account for the majority of Budget Managers who responded to the questionnaire — 63 percent to be exact. This overview is based on answers to PayScale's salary questionnaire.
Budget Manager Salary (?
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.
)
$50,557 - $110,557
(Median)
51K
63K
75K
90K
110K
MEDIAN: $75,340
10%
25%
50%
75%
90%
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Budget Manager Salary (?
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.
)
$17.24 - $38.07
(Median)
17
26
34
38
MEDIAN: $26.00
10%
50%
75%
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
$50,557 - $110,557  
   
Bonus
$0.00 - $14,461  
Profit Sharing
$1,050 - $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).
)
$48,750 - $112,265  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 302
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
$17.24 - $38.07  
   
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 - $14,461  
   
Profit Sharing
$1,050 - $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).
)
$48,750 - $112,265  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 27
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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 upper level Chief Financial Officer positions, where pay tends to be much higher. On average, Chief Financial Officers earn $121K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager

Budget Managers report a narrow range of specific 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 Project Management. For most people, competency in Budget Management indicates knowledge of 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. Workers in their first five years can expect to earn $62K, but people who have been around for five to 10 years earn a noticeably bigger sum of $74K. On average, Budget Managers make $81K following one to two decades on the job. 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

Boston
up arrow 33%
Washington
up arrow 11%
up arrow 6%
Atlanta
up arrow 2%
Los Angeles
0%
National Average
$75,000
Larger circles over a city indicate a job is popular in that location.
For Budget Managers, busy Boston offers a higher-than-average pay rate, 33 percent above the national average. Budget Managers will also find cushy salaries in Washington (+11 percent) and Chicago (+6 percent). Those in the field find the lowest salaries in New York, 2 percent below the national average.

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Experience Affects Budget Manager Salaries

National Average
$75,000

Skills That Affect Budget Manager Salaries

Financial Analysis
up arrow 3%
Budgeting
up arrow 1%
National Average
$75,000
Budget Management
up arrow 1%
Project Management
up arrow 10%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 105 votes.

Gender

Female
63%
female alumni
 
Male
37%
male alumni

Years of Experience

1-4 years
16%
5-9 years
31%
10-19 years
35%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 68% employee benefits None: 7%