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Budget manager education requirements
Updated January 8, 2025
4 min read
There are several educational requirements to become a budget manager. Budget managers usually study accounting, business, or finance. 71% of budget managers hold a bachelor's degree, and 21% hold an master's degree. We analyzed 1,635 real budget manager resumes to see exactly what budget manager education sections show.
The most common colleges for budget managers are the University of Phoenix and the University of Phoenix.
There are also many online budget manager courses to help get the education required to be a budget manager.
What education do you need to become a budget manager?
What degree do you need to be a budget manager?
- Bachelor's, 71%
- Master's, 21%
- Associate, 7%
- Diploma, 1%
- Other Degrees, 0%
What should I major in to become a budget manager?
- Accounting, 30%
- Business, 30%
- Finance, 14%
- Economics, 4%
- Other Majors, 22%
Most common colleges for budget managers
| Budget manager common college | Percentages |
|---|---|
| University of Phoenix | 9.47% |
| Northeastern University | 8.88% |
| Pace University | 6.51% |
| Pennsylvania State University | 6.51% |
| Ohio State University | 5.33% |
Best majors for budget managers
| Rank | Major | Percentages |
|---|---|---|
| 1 | Accounting | 30.3% |
| 2 | Business | 29.6% |
| 3 | Finance | 13.6% |
| 4 | Economics | 4.2% |
| 5 | Management | 3.2% |
Best colleges for budget managers
The best colleges for budget managers are Northwestern University, University of Pennsylvania, and University of Southern California.
A budget manager with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for budget managers. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become budget managers.
1. University of Pennsylvania
Philadelphia, PA • Private
In-state tuition
$55,584
Enrollment
10,764
2. Northwestern University
Evanston, IL • Private
In-state tuition
$54,568
Enrollment
8,451
3. University of Southern California
Los Angeles, CA • Private
In-state tuition
$56,225
Enrollment
19,548
4. SUNY at Binghamton
Vestal, NY • Private
In-state tuition
$9,808
Enrollment
13,990
5. Villanova University
Villanova, PA • Private
In-state tuition
$53,308
Enrollment
6,819
6. San Diego State University
San Diego, CA • Private
In-state tuition
$7,488
Enrollment
30,018
7. Bentley University
Waltham, MA • Private
In-state tuition
$49,880
Enrollment
4,177
8. Boston University
Boston, MA • Private
In-state tuition
$53,948
Enrollment
17,238
9. SUNY Stony Brook
Stony Brook, NY • Private
In-state tuition
$9,625
Enrollment
17,407
10. New York University
New York, NY • Private
In-state tuition
$51,828
Enrollment
26,339
20 best online courses for budget managers
Advertising disclosure
1. Budgeting essentials and development
The Budgeting Essentials and Development course focus on an integrative and practical view of concepts, methods, and techniques to develop a budget. After finishing this course, learners will be able to: - Develop the budget with a broad view of the corporate functions; - Integrate the strategic guidelines into the discussions of budgeting process; - Structure the budget planning and development in a logical sequence - Coordinate the project of budget planning with the different areas of the...
2. Build a Budget and Analyze Variance using Google Sheets
By the end of this project, you will be able to build a simple budget using Google Sheets. You will be able to easily capture variances and identify trends. You will be able to format your budget, identify and communicate drivers of variances and make the budget presentable. Note: This course works best for learners who are based in the North America region. We’re currently working on providing the same experience in other regions...
3. IT Project Budget & Cost Management
Project Management tips to manage a million dollar IT Project budget from start to finish...
4. Projects Cost Management, Estimating, Budgeting and Control.
Learn how to estimate costs for any project, how to determine budget and how to use Earned Value Management tools. 3 PDU...
5. Building an Organizational Budget
Design program budgets from a simplified approach along with conceptual understandings...
6. Flexible Budgets, Standard Costs, & Variance Analysis
Maximizing Financial Insight: Mastering Variance Analysis and Budgeting for Strategic Decision-Making...
7. Time Value of Money & Capital Budgeting - Present Value
Mastering Financial Decision-Making: Time Value of Money & Capital Budgeting for Long-Term Success...
8. Budgeting for Business
Learn how to create and use budgets effectively in company large or small...
9. Learn How To Budget - Personal budgeting made easy
Everything you need to KNOW and everything you need to DO to set and stick to a monthly budget...
10. Project Time & Budget Control using EVM tool
Project Management...
11. Financial Planning & Analysis: Building a Company's Budget
Learn the Fundamentals of Financial Planning and Position Your Career for Success!...
12. Project Management: Cost & Schedule Monitoring using EVM
Earned Value Management, Project Management, Cost Control & Monitor, Budget, Schedule & Cost Variance, Performance Index...
13. Budgets, Cashflow Forecasting and Management Accounts
Financial Management and Making A Profit For Charities, Not-For-Profits & Small Businesses...
14. Apply finance concepts for smart project management
Learn to read financial statements and make meaningful interpretations for business decisions in the age of big data...
15. Cost Accounting: Introduction to Management Accounting
Learn Cost Accounting for Management. Includes Process Costing, ABC Systems, Variance Analysis, Cash Budgets and more...
16. Master Course in Project Management 2.0
Project Management, PMP, Agile project management, Project manager, Prince2, Scrum, Project Planning, Project risk cost...
17. Filmmaking Secrets! Write a ZERO Budget MovieMaster Course
Screenwriting for micro-budget feature films that you can produce...
18. Project Management Fundamentals
Practical Project Management worked example using Gantt Charts, PMI, PMP, APM...
19. Practical Project Management for Managers and First Time PMs
Learn Project management so you can deliver your next project be on time, on budget, and to requirements...
20. Deliver Your Project & Master Project Management
On time, in budget...
Top 10 most affordable universities for budget managers
The most affordable schools for budget managers are Baruch College of the City University of New York, usf sarasota-manatee, and suny farmingdale.
If the best universities for budget managers are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for budget managers.
1. Baruch College of the City University of New York
New York, NY • Private
In-state tuition
$7,262
Cost of attendance
14,046
2. USF Sarasota-Manatee
Sarasota, FL • Private
In-state tuition
$5,587
Cost of attendance
13,043
3. SUNY Farmingdale
Farmingdale, NY • Private
In-state tuition
$8,306
Cost of attendance
16,091
4. Brooklyn College of the City University of New York
Brooklyn, NY • Private
In-state tuition
$7,240
Cost of attendance
13,991
5. California State University - Dominguez Hills
Carson, CA • Private
In-state tuition
$6,942
Cost of attendance
14,469
6. University of Florida
Gainesville, FL • Private
In-state tuition
$6,381
Cost of attendance
21,034
7. Brigham Young University
Provo, UT • Private
In-state tuition
$5,620
Cost of attendance
18,136
8. California State University - Long Beach
Long Beach, CA • Private
In-state tuition
$6,798
Cost of attendance
18,306
9. University of Puerto Rico - Mayaguez
Mayaguez, PR • Private
In-state tuition
$4,094
Cost of attendance
14,302
10. Florida International University
Miami, FL • Private
In-state tuition
$6,556
Cost of attendance
19,434
Top 10 hardest universities to get into for budget managers
The hardest universities for budget managers to get into are Northwestern University, University of Pennsylvania, and University of Southern California.
Some great schools for budget managers are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for budget managers based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.
1. Northwestern University
Evanston, IL • Private
Admissions rate
8%
SAT average
1,508
2. University of Pennsylvania
Philadelphia, PA • Private
Admissions rate
8%
SAT average
1,492
3. University of Southern California
Los Angeles, CA • Private
Admissions rate
13%
SAT average
1,445
4. Boston University
Boston, MA • Private
Admissions rate
22%
SAT average
1,420
5. New York University
New York, NY • Private
Admissions rate
20%
SAT average
1,419
6. Villanova University
Villanova, PA • Private
Admissions rate
29%
SAT average
1,407
7. Vanderbilt University
Nashville, TN • Private
Admissions rate
10%
SAT average
1,514
8. Bentley University
Waltham, MA • Private
Admissions rate
43%
SAT average
1,338
9. George Washington University, The
Washington, DC • Private
Admissions rate
42%
SAT average
1,380
10. University of Rochester
Rochester, NY • Private
Admissions rate
29%
SAT average
1,422
Top 10 easy-to-apply-to universities for budget managers
The easiest schools for budget managers to get into are Oklahoma Wesleyan University, holy names university, and barry university.
Some schools are much easier to get into. If you want to start your career as a budget manager without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for budget managers.
1. Oklahoma Wesleyan University
Bartlesville, OK • Private
Admissions rate
68%
SAT average
964
2. Holy Names University
Oakland, CA • Private
Admissions rate
70%
SAT average
849
3. Barry University
Miami, FL • Private
Admissions rate
91%
SAT average
1,006
4. Notre Dame College
Cleveland, OH • Private
Admissions rate
90%
SAT average
994
5. University of North Texas at Dallas
Dallas, TX • Private
Admissions rate
83%
SAT average
992
6. La Roche College
Pittsburgh, PA • Private
Admissions rate
99%
SAT average
1,008
7. Ottawa University
Ottawa, KS • Private
Admissions rate
78%
SAT average
1,024
8. Holy Family University
Philadelphia, PA • Private
Admissions rate
72%
SAT average
1,017
9. Saint Joseph's College of Maine
Standish, ME • Private
Admissions rate
84%
SAT average
1,069
10. Kean University
Union, NJ • Private
Admissions rate
86%
SAT average
991
Average budget manager salary by education level
| Budget manager education level | Budget manager salary |
|---|---|
| Master's Degree | $96,138 |
| High School Diploma or Less | $67,776 |
| Bachelor's Degree | $83,982 |
| Doctorate Degree | $101,021 |
| Some College/ Associate Degree | $67,767 |
Budget manager education FAQs
Have more questions? See all answers to common executive management questions.
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Updated January 8, 2025
Updated January 8, 2025