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The differences between budget managers and reporting 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 reporting manager. Additionally, a reporting manager has an average salary of $106,336, 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 reporting manager are GAAP, internal controls, and external auditors.
| Budget Manager | Reporting Manager | |
| Yearly salary | $76,243 | $106,336 |
| Hourly rate | $36.66 | $51.12 |
| Growth rate | 17% | 17% |
| Number of jobs | 68,816 | 67,631 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| 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.
The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Budget managers and reporting managers have different pay scales, as shown below.
| Budget Manager | Reporting Manager | |
| Average salary | $76,243 | $106,336 |
| Salary range | Between $52,000 And $110,000 | Between $80,000 And $139,000 |
| Highest paying City | Sacramento, CA | Richmond, CA |
| Highest paying state | New York | Washington |
| Best paying company | Apple | Meta |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a budget manager and a reporting manager in terms of educational background:
| Budget Manager | Reporting Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between budget managers' and reporting managers' demographics:
| Budget Manager | Reporting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.1% Female, 40.9% | Male, 59.6% Female, 40.4% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |