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Budget Manager Salary

Budget Managers in the United States tend to have a good amount of experience under their belt — more than half have more than 10 years in the field. While pay runs from $50K to $112K per year, median earnings come to $75K per year. Overall cash earnings for Budget Managers stretch from $50K on the lower end to $112K near the top, and the heftiest packages can encompass around $15K from bonuses and $9K from profit sharing. Experience level and the particular city each impact pay for this group, with the former having the largest influence. The majority of Budget Managers claim high levels of job satisfaction. Almost all have medical and dental plans, and a majority have vision insurance. There are more female Budget Managers who answered the questionnaire than male, making up 61 percent. The information for this snapshot was generated by responses to the PayScale salary survey.

$50,688 - $109,053
(Median)
$51K
$75K
$110K
MEDIAN: $74,988
10%
50%
90%

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$17.36 - $38.10
(Median)
$17
$28
$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
$50,688 - $109,053  
   
Bonus
$0.00 - $14,568  
Profit Sharing
$-0.50 - $8,823  
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).
)
$49,516 - $111,734  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 315
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
$17.36 - $38.10  
   
Overtime
$15.20 - $52.87  
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 - $14,568  
   
Profit Sharing
$-0.50 - $8,823  
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).
)
$49,516 - $111,734  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 25

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

  • 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 might see a strong upturn in salary after transitioning into upper-level roles such as Chief Financial Officer, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $122K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Professional skills reported by Budget Managers are few in number. Most notably, skills in Financial Analysis, Budgeting, Budget Management, and Project Management are correlated to pay that is above average. At the other end of the pay range are skills like 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. Salaries for the relatively untried average out to around $62K, but survey participants with five to 10 years of experience earn a significantly higher median of $74K. People with 10 to 20 years of experience make an average of about $82K in this role. Budget Managers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $92K.

Pay Difference by Location


Surpassing the national average by 33 percent, Budget Managers in Boston receive some of the highest pay in the country. Budget Managers will also find cushy salaries in Washington (+14 percent) and Chicago (+10 percent). New York ranks last in the field for pay, reporting salaries 5 percent below the national average.

Related Job Salaries

United States (change)

Experience Affects Budget Manager Salaries



National Average
$75,000



Skills That Affect Budget Manager Salaries

Financial Analysis
up arrow 3%

Budgeting
up arrow 2%

National Average
$75,000

Budget Management
up arrow 1%

Project Management
up arrow 9%

Financial Reporting
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 91 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

1-4 years
15%
5-9 years
33%
10-19 years
35%
20 years or more
18%

Common Health Benefits

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