Budget Manager Salary

Close to one-half of Budget Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $48K to $109K per year, but median earnings come to around $73K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Most workers in this position report high levels of job satisfaction. Most report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Budget Managers (65 percent) who took the survey are female. Respondents to the PayScale salary survey provided the data for this report.

$49,444 - $107,627
(Median)
$49K
$73K
$110K
MEDIAN: $73,417
10%
50%
90%

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$16.58 - $38.70
(Median)
$17
$27
$39
MEDIAN: $26.00
10%
50%
90%

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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
$49,444 - $107,627  
   
Bonus
$0.00 - $10,143  
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).
)
$47,745 - $109,148  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 324
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
$16.58 - $38.70  
   
Overtime
$40.20  
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 - $10,143  
   
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).
)
$47,745 - $109,148  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 25
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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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Many Budget Managers move into a Chief Financial Officer role, and folks who currently hold that position report a much higher median income of $123K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Just a handful of professional skills are reported by Budget Managers who took the survey. 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 Financial Reporting and Project Management. Most people skilled in Budget Management are similarly competent in Budgeting.

Pay by Experience Level for Budget Manager

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


Budget Managers with a lot of experience do not necessarily enjoy more money. 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 $73K. Budget Managers bring in $79K after working for 10 to 20 years. As Budget Managers reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $88K.

Pay Difference by Location

National Average: $73,491

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

For those looking to make money, Budget Managers in Washington enjoy an exceptional pay rate, 18 percent above the national average. Budget Managers will also find cushy salaries in Chicago (+17 percent) and Atlanta (+5 percent). The lowest-paying market is New York, which sits 2 percent below the national average.

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Experience Affects Budget Manager Salaries




National Average
$73,000


Skills That Affect Budget Manager Salaries

Financial Analysis
up arrow 4%

Budgeting
up arrow 2%

Budget Management
0%

National Average
$73,000

Project Management
up arrow 7%

Financial Reporting
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 73 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
0%
1-4 years
17%
5-9 years
32%
10-19 years
34%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
medical benefits
Vision: 69%
dental benefits
None: 8%
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