Budget Manager Salary

Budget Managers in the United States can expect to earn an average of $70K annually. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. More than half of Budget Managers (65 percent) survey participants are women. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$46,637 - $108,017
$47K
$70K
$110K
MEDIAN: $70,329
10%
50%
90%

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$17.25 - $38.06
$21
MEDIAN: $20.95
50%

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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
$46,637 - $108,017  
   
Bonus
$0.00 - $15,000  
Profit Sharing
$4,350  
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).
)
$42,942 - $110,307  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 186
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
$20.95  
   
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 - $15,000  
   
Profit Sharing
$4,350  
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).
)
$42,942 - $110,307  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 9

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

  • 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.
  • Monitors the preparation of budgets for departments based on performance, revenue, and expenses.
  • Oversees expenditures to ensure compliance within operational and capital budget limits.
  • Informs management regarding budgeting systems, policies and procedures and projections.

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 $123K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Survey results show that Budget Managers use a fair number of 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 Microsoft Excel, Financial Reporting, and Accounting. Most people 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 many Budget Managers, extensive experience does not lead to significantly more money. The average beginner in this position makes around $61K, but folks who have been around for five to 10 years see a markedly higher median salary of $71K. Budget Managers with one to two decades of relevant experience report an average salary of approximately $81K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $85K.

Pay Difference by Location

National Average: $70,172

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, 35 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). In New York, salaries are 3 percent below the national average and represent the lowest-paying market.

Related Job Salaries

Key Stats for Budget Manager

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.
Less than 1 year
2%
1-4 years
19%
5-9 years
29%
10-19 years
31%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Budget Manager Salaries

▲21%

▲16%

▲2%

National Average
$70,000

▼14%

Skills That Affect Budget Manager Salaries


▲1%

Budget Management
▼0%

National Average
$70,000

Project Management
▼3%

Accounting
▼5%


Microsoft Excel
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
29%
10-19 years
31%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 80%
vision benefits
Vision: 68%
dental benefits
None: 7%
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