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Budget engineer vs cost engineer

The differences between budget engineers and cost engineers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a budget engineer, becoming a cost engineer takes usually requires 4-6 years. Additionally, a cost engineer has an average salary of $87,901, which is higher than the $79,218 average annual salary of a budget engineer.

Budget engineer vs cost engineer overview

Budget EngineerCost Engineer
Yearly salary$79,218$87,901
Hourly rate$38.09$42.26
Growth rate3%3%
Number of jobs96365,278
Job satisfaction--
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 74%
Average age4745
Years of experience46

Budget engineer vs cost engineer salary

Budget engineers and cost engineers have different pay scales, as shown below.

Budget EngineerCost Engineer
Average salary$79,218$87,901
Salary rangeBetween $43,000 And $145,000Between $64,000 And $120,000
Highest paying City-San Francisco, CA
Highest paying state-Rhode Island
Best paying company-BP America Inc
Best paying industry-Energy

Differences between budget engineer and cost engineer education

There are a few differences between a budget engineer and a cost engineer in terms of educational background:

Budget EngineerCost Engineer
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 74%
Most common majorEngineering And Industrial ManagementBusiness
Most common collegeNorthwestern UniversityGeorgia Institute of Technology

Budget engineer vs cost engineer demographics

Here are the differences between budget engineers' and cost engineers' demographics:

Budget EngineerCost Engineer
Average age4745
Gender ratioMale, 54.5% Female, 45.5%Male, 74.1% Female, 25.9%
Race ratioBlack or African American, 10.0% Unknown, 4.3% Hispanic or Latino, 10.6% Asian, 9.6% White, 64.5% American Indian and Alaska Native, 0.9%Black or African American, 4.9% Unknown, 4.7% Hispanic or Latino, 11.3% Asian, 14.4% White, 64.5% American Indian and Alaska Native, 0.2%
LGBT Percentage13%6%

Differences between budget engineer and cost engineer duties and responsibilities

Budget engineer example responsibilities.

  • Manage credit card revenue reporting and reconciliations for multiple credit card merchant accounts which include recommending and implementing process improvements.
  • Expedite and simplify the quotation process for solar water heating systems by accurately representing solar water heating system performance through MATLAB models
  • Perform periodic accounting activities including reconciliations of bank and credit card accounts, coordinate and complete annual audits as necessary.

Cost engineer example responsibilities.

  • Manage and monitor SharePoint activities and update daily tasks to ensure information is documented, remains accurate and up-to-date.
  • Manage Jenkins security by providing specific access to authorize developers/testers using project base matrix authorization strategy.
  • Create BOM for each project assuring special procedures, materials requirements and reinforcements.
  • Research and analyze various commodities for function to price and price to cost evaluation.
  • Design and install a complete integrate information management system on IBM equipment and ERP software.
  • Document all corporate procedures and policies instruction to establish constancy within GAAP rules and regulation.
  • Show more

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