How Much Do Budget Managers Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary budget managers make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for budget managers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of budget managers are offering as compensation.

Keep reading to learn more about how much budget managers can expect to make in the United States.

At a Glance: Salary & Jobs for Budget Managers

According to data from 2022, there were about 53,635 positions for budget managers in the United States. In terms of salary, the national median salary for budget managers was reported to be $82,264. Additionally, when examining job demand, employers across the country posted 13,799 job postings related to positions for budget managers.

How Much Money Do Budget Managers Make?

Median salary is just one data point. To build a better understanding of how much money budget managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for budget managers.

Annual Salary for Budget Managers

According to the BLS, the lowest earners for budget managers and related professions earned about $52,998 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $128,170 annually.

As mentioned previously, the median salary for budget managers in the United States in 2022 was $82,264.

Hourly Salary for Budget Managers

The BLS also breaks down compensation for budget managers by hourly salary, and the median average hourly pay for budget managers in 2022 was $40. Lowest hourly earners took home $25 while the highest reported hourly salaries for budget managers was $62.

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Degree Options for Budget Managers

Advertised Compensation for Budget Managers

Data from the BLS is one way to dig into compensation for budget managers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for budget managers.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Budget Managers

During a review of 11,065 job postings related to budget managers, advertised salary was included in 5,930 of them, which was 54%. Based on those postings, the median advertised salary for budget managers was $72,064 per year.

Hourly Salary from Job Postings for Budget Managers

A similar analysis of job postings provides insight into advertised hourly salary for budget managers. Based on 43% of postings with advertised compensation, the median hourly salary for open positions for budget managers in the United States is about $35.

Salary Trend for Budget Managers

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for budget managers. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for budget managers dating back to September 2019, advertised salaries for budget managers have increased 2%.

What's the Job Growth for Budget Managers?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for budget managers over the next 10 years.

According to the data obtained through Lightcast,™ there were 53,654 jobs for budget managers in the United States in 2022. By 2032, it is expected that about 4,689 jobs will be added. That's a 8.7% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about budget managers? Visit our other pages focused on salary and education for budget managers.

What do budget managers do?
Budget Managers: How do you become one?

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