Budget Manager Salary

The majority of Budget Managers in the United States — a little over a half — boast more than 10 years of experience in their profession. Salaries stretch from $50K to $113K per year, and the median is $75K annually. Total cash compensation for Budget Managers runs from $50K to $113K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $9K. Career length is the biggest factor affecting pay for this group, followed by geography. Nearly all receive medical and dental insurance and the larger part get vision plans. For the most part, Budget Managers enjoy their work and report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$50,829 - $110,078
(Median)
$51K
$75K
$110K
MEDIAN: $75,314
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
$50,829 - $110,078  
   
Bonus
$0.00 - $14,585  
Profit Sharing
$-0.50 - $8,642  
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).
)
$49,541 - $112,593  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 309
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 - $14,585  
   
Profit Sharing
$-0.50 - $8,642  
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).
)
$49,541 - $112,593  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | 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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Budget Managers often transition into Chief Financial Officer positions, for which compensation tends to be much higher. On average, Chief Financial Officers earn $122K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Budget Managers seem to require a number of specific skills. 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. 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.


More years of relevant experience do not necessarily translate to higher paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $62K, but folks who have racked up five to 10 years see a notably higher median of $74K. People with 10 to 20 years of experience make an average of about $81K in this role. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $92K.

Pay Difference by Location


For Budget Managers, working in the bustling city of Boston has its advantages, including an above-average pay rate. 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, 4 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 2%

Project Management
up arrow 10%

Financial Reporting
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 95 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

1-4 years
15%
5-9 years
31%
10-19 years
35%
20 years or more
19%

Common Health Benefits

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