Budget Manager Salary in Colombia
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How much does a Budget Manager make in Colombia? The average Budget Manager salary in Colombia is COL$189M as of April 08, 2021, but the range typically falls between COL$120M and COL$263M. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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Skills to Boost a Budget Manager Salary
Mastering key skills can significantly increase your earning potential as a Budget Manager. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 12% salary raise, while strong Accounts Receivable skills boost pay by a 1%. Even Balance Sheet can result in a 1% salary increase.
Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Accounts Receivable
Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
Balance Sheet
Balance Sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, business partnership, corporation, private limited company or other organization such as government or not-for-profit entity.
More Skills...
Based on recent job listings, in-demand skills in the Budget Manager field include Analysis (12%), Accounts Receivable (1%), Balance Sheet (1%), and Supply Chain (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| COL$212M |
Analysis
COL$212M
|
12%
|
|
| COL$191M |
Accounts Receivable
COL$191M
|
1%
|
|
| COL$191M |
Balance Sheet
COL$191M
|
1%
|
|
| COL$191M |
Supply Chain
COL$191M
|
1%
|
What does a Budget Manager do?
Budget Manager
Parana, AR
Reviews and assesses applicable financial, clinical, contractual, and operational data, and appropriately assists in the selection, evaluation, monitoring, analysis and implementation of cost-effective products, services, and processes in the healthcare system.
12/30/2020
Budget Manager
Utrecht, NL
Review action plans with product managers and conduct target calls with product management teams, including providing suggestions as to how we can maximize our supplier rebates (switching purchases of products from one suppler to another as applicable).
12/27/2020
Budget Manager
Posadas, AR
Prepare and issue debt confirmations.
12/23/2020
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About Colombia
The geography of Colombia is characterized by its six main natural regions that present their own unique characteristics, from the Andes mountain range region shared with Ecuador and Venezuela; the Pacific Coastal region shared with Panama and Ecuador; the Caribbean coastal region shared with Venezuela and Panama; the Llanos (plains) shared with Venezuela; the Amazon Rainforest region shared with Venezuela, Brazil, Peru and Ecuador; to the insular area, comprising islands in both the Atlantic and Pacific oceans. It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Haiti...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Budget Manager Pay Difference by Cities
| City, Country | Compared to national average |
|---|---|
| City, Country Medellin, CO |
Compared to national average
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Employees with Budget Manager in their job title in Medellin, CO earn an average of 0.1% more than the national average.
Similar Jobs to Budget Manager in Colombia
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| Job Title | Salary Range in COP |
|---|---|
| Job Title Budget Analysis Manager |
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| Job Title Budget Analyst I |
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| Job Title Budget Analyst II |
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| Job Title Budget Analyst III |
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| Job Title Budget Analyst, Experienced |
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Understand the base salary paid range for a Budget Manager in Colombia
Average Base Salary
Core compensation
119641873
262739975
The chart shows the base salary for Budget Manager ranges from COL$120M to COL$263M with the average base salary of COL$189M. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Budget Manager may get paid difference by industry, location, and factors.
Budget Manager Frequently Asked Questions in Colombia
What is the salary range for a Budget Manager in Colombia? What is the average hourly rate?
The average salary for a Budget Manager in Colombia is COL$189M per year. The salary range for a Budget Manager is between COL$120M and COL$263M. While we are seeing hourly wages as high as COL$126,317 and as low as COL$57,520, the majority of Budget Managers are currently paid an average of COL$90,797 in Colombia. The average salary pay range for a Budget Manager can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Budget Manager in Colombia can differ based on any or all of these varying factors.
April 08, 2021
salary.com
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Why should you negotiate salary for a Budget Manager role? What are effective negotiation strategies?
Most hiring managers in Colombia expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Budget Manager position that you can in Colombia. This starting salary of the Budget Manager position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Budget Manager position in Colombia, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs.
April 08, 2021
salary.com
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How do you evaluate the advantages, opportunities, and salary for a Budget Manager role located in large metropolitan city or in a small town?
Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Budget Manager in the Colombia can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Budget Manager job in a large city of the Colombia may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the Colombia also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Budget Manager job is right for you.
April 08, 2021
salary.com
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Last Update: April 08, 2021