Budget Managers in the United States take home approximately $70K annually on average. Residence is the biggest factor affecting pay for this group, followed by tenure. Work is enjoyable for Budget Managers, who typically claim high levels of job satisfaction. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Women make up the majority of Budget Managers (63 percent) who completed the questionnaire. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$46,910 - $106,329
(Median)
$47K
$70K
$110K
MEDIAN: $70,108
10%
50%
90%

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$13.44 - $39.88
(Median)
$13
$21
$40
MEDIAN: $21.00
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
$46,910 - $106,329  
   
Bonus
$0.00 - $14,933  
Profit Sharing
$8,264  
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).
)
$43,096 - $108,991  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 178
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
$13.44 - $39.88  
   
Overtime
$40.10  
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 - $14,933  
   
Profit Sharing
$8,264  
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).
)
$43,096 - $108,991  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 10
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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 who move on to become Chief Financial Officers may enjoy significant pay raises, as Chief Financial Officers get paid an average of $123K 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. Skills that pay less than market rate include Financial Reporting. Most people experienced in 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.


Experience does not seem to be a strong driver of pay increase in this role. Salaries of relatively inexperienced workers fall in the neighborhood of $61K, but folks who have racked up five to 10 years see a notably higher median of $72K. Budget Managers with one to two decades of relevant experience report an average salary of approximately $77K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $83K on average.

Pay Difference by Location

National Average: $70,055

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

Washington offers some of the highest pay in the country for Budget Managers, 36 percent above the national average. Budget Managers can also look forward to large paychecks in cities like Chicago (+24 percent), Boston (+11 percent), Atlanta (+10 percent), and Los Angeles (+5 percent).

Related Job Salaries

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Experience Affects Budget Manager Salaries




National Average
$70,000


Skills That Affect Budget Manager Salaries

Financial Analysis
up arrow 4%

Budgeting
up arrow 1%

Budget Management
0%

National Average
$70,000

Project Management
up arrow 3%


Job Satisfaction

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

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
30%
10-19 years
30%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 81%
medical benefits
Vision: 70%
dental benefits
None: 6%
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