How much does a Budget Director make in Chicago, IL? The average Budget Director salary in Chicago, IL is $214,164 as of February 26, 2024, but the range typically falls between $187,982 and $240,522. 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 online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Budget Director Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Budget Director Salary $164,143 Chicago,IL February 26, 2024
25th Percentile Budget Director Salary $187,982 Chicago,IL February 26, 2024
50th Percentile Budget Director Salary $214,164 Chicago,IL February 26, 2024
75th Percentile Budget Director Salary $240,522 Chicago,IL February 26, 2024
90th Percentile Budget Director Salary $264,520 Chicago,IL February 26, 2024
25% $187,982 10% $164,143 90% $264,520 75% $240,522 $214,164 50%(Median) Didn’t find job title? Click
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What skills does a Budget Director need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.

3.

Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.

Analysis 7.49%
Business Administration 1.18%
Billing 2.08%
Others 89.25%

Job Description for Budget Director

Budget Director directs and controls an organization's budgeting and financial forecasting activities. Leads the budgeting process for annual, quarterly, and monthly budget development. Being a Budget Director develops budgetary policies and guidelines to meet short and long-term financial goals. Establishes processes to incorporate past financial results into budget development. Additionally, Budget Director monitors and analyzes performance against budgets. Develops and implements tools and reporting used for planning, forecasting, monitoring, and decision support. Presents budget data to senior management and/or board. May require a MBA. Typically reports to top management. The Budget Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Budget Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Budget Director in Chicago, IL

Career Path for Budget Director

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Budget Director, the first career path typically progresses to Top Budgeting Executive.

Those that have already made the climb...
Theodore B. Young, Chief Financial Officer
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
Fiscal Year Ended in 2023
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Budget Director salary varies from city to city. Compared with national average salary of Budget Director, the highest Budget Director salary is in San Francisco, CA, where the Budget Director salary is 25.0% above. The lowest Budget Director salary is in Miami, FL, where the Budget Director salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Budget Director, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
187982
240522
214164

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
206539
286280
241778
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Budget Director in Chicago, IL. The base salary for Budget Director ranges from $187,982 to $240,522 with the average base salary of $214,164. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $206,539 to $286,280 with the average total cash compensation of $241,778.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

187982
240522

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Budget Director Salary in popular cities: AuroraRockfordJoliet

Skills associated with Budget Director: Financial Analysis Software, Financial Planning & Analysis (FP&A), Budget Administration, Forecasting ...More

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