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What does a Budget Manager earn?
Budget Managers are typically responsible for overseeing the day-to-day management of a company's finances. On average, they can earn up to £51,200 per year in the UK. Job duties generally include tracking and controlling costs, foreseeing future requirements, prioritising expenditures accordingly, and preparing budget forecasts. A Budget Manager may operate on a regional, national, or global scale, providing services to individuals or organisation. They are also expected to liaise with stakeholders, ensure compliance to regulations and advise executives on financial matters.
How to earn more as a Budget Manager
"To become a budget manager, you'll need a degree in accounting, business management or finance. Alternatively, you may prefer to go through a degree apprenticeship. To earn more money as a budget manager, you could choose to specialise in a particular area, like cost accounting or become a team manager within a financial organisation. You could also decide to become self-employed and set up your own budget management company. The most profitable budget managers earn over £102,500 a year."
Min: £26,000.00 Max: £102,500.00
Average Budget Manager Salary in UK : £51,157.97
Read about Budget Manager salaries, related jobs and salary information across the UK
Budget Manager Salary data from the ONS
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Recommended Budget Manager Jobs in UK
Salary by Region
Compare Budget Manager salaries across different regions
Region | Salary |
---|---|
Scotland | £42,751.28 |
Wales | £40,527.43 |
Northern Ireland | £33,498.25 |
East Midlands | £42,174.47 |
Eastern | £52,396.80 |
London | £62,994.11 |
North East | £39,931.60 |
North West | £45,607.20 |
South East | £52,099.82 |
South West | £57,741.01 |
West Midlands | £38,112.89 |
Yorkshire and the Humber | £45,069.64 |
Annual Job Ads by Region
Understanding the Average Budget Manager Salary in the UK
As a Budget Manager in the UK, it is important to have a clear understanding of the average salary in this field. According to average Finance salaries, the average salary for a Budget Manager in the UK is £51,200 per year. This figure can vary depending on factors such as experience, qualifications, and the location of the job.
Salary Expectations for Newly Qualified Budget Manager
If you are a newly qualified Budget Manager, it is essential to have realistic salary expectations. Entry-level positions in this field typically offer a salary range of £26,000 to £102,500 per year. To explore job opportunities for newly qualified Budget Managers in the UK, you can visit the job search section.
Salaries for Experienced Budget Manager
Experienced Budget Managers in the UK can expect higher salaries compared to their entry-level counterparts. With a proven track record and extensive experience in budget management, you can earn a salary ranging from £26,000 to £102,500 per year. This demonstrates the potential for growth and advancement in this profession.
Creating a Budget Manager CV
When applying for a Budget Manager position, it is crucial to have a well-crafted CV that highlights your skills and experience. To assist you in creating an impressive CV, you can utilize the CV template specifically designed for Budget Managers. This template will guide you in showcasing your qualifications and achievements effectively.
Career Development Opportunities for Budget Manager
As a Budget Manager, there are various career development opportunities available to enhance your professional growth. To explore these opportunities and gain valuable insights, you can refer to the career advice section. This resource provides guidance on how to progress in your career and achieve higher levels of success as a Budget Manager.
Comprehensive Compensation for Budget Manager
Being a Budget Manager involves more than just a salary. Comprehensive compensation packages often include additional benefits such as healthcare, retirement plans, and bonuses. These perks contribute to the overall value of your compensation as a Budget Manager in the UK.
Strategies for Increasing Your Salary as a Budget Manager
If you aspire to increase your salary as a Budget Manager, there are several strategies you can employ. These include continuously updating your skills, pursuing additional certifications, and taking on more responsibilities within your role. By demonstrating your value and expertise, you can negotiate for higher remuneration.
Professional Development and Earnings
Investing in your professional development can significantly impact your earnings as a Budget Manager. By attending relevant training programs, workshops, and conferences, you can acquire new skills and knowledge that will make you more valuable in the job market. This, in turn, can lead to higher earning potential.
Capitalising on Extra Hours and Duties
As a Budget Manager, there may be opportunities to take on extra hours or additional duties. By embracing these opportunities, you can demonstrate your dedication and commitment to your role. This can potentially lead to increased recognition and financial rewards, further enhancing your salary as a Budget Manager in the UK.