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The differences between budget managers and bank managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a budget manager and a bank manager. Additionally, a bank manager has an average salary of $96,910, which is higher than the $76,243 average annual salary of a budget manager.
The top three skills for a budget manager include financial analysis, budget management and financial management. The most important skills for a bank manager are bank products, financial services, and business development.
| Budget Manager | Bank Manager | |
| Yearly salary | $76,243 | $96,910 |
| Hourly rate | $36.66 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 68,816 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Budget managers are financial professionals who are responsible for evaluating the financial needs of an organization by developing budget strategies to increase profitability. These managers are must observe the financial trends with the organization's expenditure while communicating budget issues with the different departments within the organization. They are required to formulate strategic business plans by analyzing previous budgets and financial developments that may impact their potential income. Budget managers must also produce expenditure reports for the upper management as well as informing department managers about the availability of funds.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Budget managers and bank managers have different pay scales, as shown below.
| Budget Manager | Bank Manager | |
| Average salary | $76,243 | $96,910 |
| Salary range | Between $52,000 And $110,000 | Between $65,000 And $142,000 |
| Highest paying City | Sacramento, CA | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Apple | Accenture |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a budget manager and a bank manager in terms of educational background:
| Budget Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between budget managers' and bank managers' demographics:
| Budget Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.1% Female, 40.9% | Male, 48.9% Female, 51.1% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 9.0% White, 63.9% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |