Budget Manager Salary

Budget Managers in the United States tend to be well-versed in their field, and about one-half have more than 10 years of experience. Average salary is expected to be around $74K per year, but may range from $49K to $111K per year. With some bonuses approaching $13K and certain profit sharing proceeds approaching $9K, overall incomes of Budget Managers spread between $49K and $111K depending on individual performance. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Budget Managers survey participants are largely women, dominating at 63 percent. In this profession, almost all enjoy medical and dental coverage, and a majority have vision insurance, as well. Work is enjoyable for Budget Managers, who typically claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$49,950 - $108,682

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$17.36 - $38.29

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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
$49,950 - $108,682  
   
Bonus
$0.00 - $12,627  
Profit Sharing
$-0.50 - $8,854  
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).
)
$48,560 - $111,044  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 311
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
$17.36 - $38.29  
   
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 - $12,627  
   
Profit Sharing
$-0.50 - $8,854  
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).
)
$48,560 - $111,044  
Country: United States | Currency: USD | Updated: 18 Jul 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 who move on to become Chief Financial Officers may enjoy significant pay raises, as Chief Financial Officers get paid an average of $122K per year.

Budget Manager Job Listings

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Popular Skills for Budget Manager


Survey results suggest that Budget Managers put a wide range of professional skills to use. 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 and Project Management. Those educated in Budget Management tend to be well versed in Budgeting.

Pay by Experience Level for Budget Manager

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


Budget Managers do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $62K, but folks who have been around for five to 10 years see a markedly higher median salary of $74K. Budget Managers bring in $81K after working for 10 to 20 years. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $91K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


Home to some of the best pay for Budget Managers, Boston offers exceptional salaries, 34 percent above the national average. Budget Managers will also find cushy salaries in Washington (+15 percent) and Chicago (+12 percent). New York ranks last in the field for pay, reporting salaries 6 percent below the national average.

Related Job Salaries

United States (change)

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Experience Affects Budget Manager Salaries



National Average
$75,000



Skills That Affect Budget Manager Salaries

Financial Analysis
up arrow 3%

Budgeting
up arrow 1%

National Average
$75,000

Budget Management
up arrow 1%

Project Management
up arrow 9%

Financial Reporting
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 80 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
0%
1-4 years
16%
5-9 years
33%
10-19 years
34%
20 years or more
17%

Common Health Benefits

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