Budget manager vs money manager

The differences between budget managers and money 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 money manager. Additionally, a budget manager has an average salary of $76,243, which is higher than the $73,231 average annual salary of a money manager.

The top three skills for a budget manager include financial analysis, budget management and financial management. The most important skills for a money manager are BSA, anti-money laundering, and bank secrecy act.

Budget manager vs money manager overview

	Budget Manager	Money Manager
Yearly salary	$76,243	$73,231
Hourly rate	$36.66	$35.21
Growth rate	17%	17%
Number of jobs	68,816	58,982
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 59%
Average age	46	46
Years of experience	8	8

Budget manager vs money manager salary

Budget managers and money managers have different pay scales, as shown below.

	Budget Manager	Money Manager
Average salary	$76,243	$73,231
Salary range	Between $52,000 And $110,000	Between $47,000 And $112,000
Highest paying City	Sacramento, CA	-
Highest paying state	New York	-
Best paying company	Apple	-
Best paying industry	Manufacturing	-

Differences between budget manager and money manager education

There are a few differences between a budget manager and a money manager in terms of educational background:

	Budget Manager	Money Manager
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 59%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Budget manager vs money manager demographics

Here are the differences between budget managers' and money managers' demographics:

	Budget Manager	Money Manager
Average age	46	46
Gender ratio	Male, 59.1% Female, 40.9%	Male, 43.5% Female, 56.5%
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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between budget manager and money manager duties and responsibilities

Budget manager example responsibilities.

Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
Prepare financial statements in accordance with GAAP.
Assist controller in developing and maintaining accounting policies and procedures to comply with GAAP and , 10Q & 10K filing.
Process payroll for community assistants in residence halls.
Review contracts and develop appropriate accruals base on timetables.
Work with finance to accurately produce monthly billing reconciliations and client facing accruals.

Money manager example responsibilities.

Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
Process fundamental and technical analysis for strategic trading of equities.
Assist in implementing effective procedures for the ACH department.
Perform daily vault balancing, ATM servicing and transaction approvals.
Review portfolio positioning and investment results with clients, consultants, and prospects.

Budget manager vs money manager skills

Common budget manager skills

Financial Analysis, 7%
Budget Management, 6%
Financial Management, 6%
Budget Development, 5%
Payroll, 4%
Variance Analysis, 4%

Common money manager skills

BSA, 18%
Anti-Money Laundering, 15%
Bank Secrecy Act, 11%
OFAC, 9%
Transaction Monitoring, 8%
Risk Management, 7%