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The differences between budget managers and managers finance planning and analysis 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 manager finance planning and analysis. Additionally, a manager finance planning and analysis has an average salary of $106,888, 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 manager finance planning and analysis are financial performance, financial planning analysis, and financial analysis.
| Budget Manager | Manager Finance Planning And Analysis | |
| Yearly salary | $76,243 | $106,888 |
| Hourly rate | $36.66 | $51.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 68,816 | 111,706 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| 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 manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.
Budget managers and managers finance planning and analysis have different pay scales, as shown below.
| Budget Manager | Manager Finance Planning And Analysis | |
| Average salary | $76,243 | $106,888 |
| Salary range | Between $52,000 And $110,000 | Between $76,000 And $148,000 |
| Highest paying City | Sacramento, CA | San Bruno, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | Apple | Cravath |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a budget manager and a manager finance planning and analysis in terms of educational background:
| Budget Manager | Manager Finance Planning And Analysis | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between budget managers' and managers finance planning and analysis' demographics:
| Budget Manager | Manager Finance Planning And Analysis | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.1% Female, 40.9% | Male, 68.0% Female, 32.0% |
| 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% |