As of April 01, 2025, the average annual salary for a Budget Manager in Elgin, IL is $141,685. Salary.com reports that pay typically ranges from $125,681 to $158,726, with most professionals earning between $111,110 and $174,241.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $156,180 | $13,015 | $3,003 | $75 |
| Average | $139,412 | $11,618 | $2,681 | $67 |
| 25th Percentile | $123,665 | $10,305 | $2,378 | $59 |
An entry-level Budget Manager with under 1 year experience makes about $132,811. With less than 2 years of experience, a mid-level Budget Manager makes around $133,528. After 2-4 years, the Budget Manager pay rises to about $135,201. Those senior Budget Manager with 5-8 years of experience earn roughly $140,079, and those Budget Manager having 8 years or more experience are expected to earn about $145,245 on average.
| Levels | Salary |
|---|---|
| Entry Level Budget Manager | $132,811 |
| Intermediate Level Budget Manager | $133,528 |
| Senior Level Budget Manager | $135,201 |
| Specialist Level Budget Manager | $140,079 |
| Expert Level Budget Manager | $145,245 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 0% |
| Experienced | 4% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
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.
| Skill | Salary | Demand |
|---|---|---|
|
Partnering
|
$162,937 |
15%
|
|
Pricing
|
$160,104 |
13%
|
|
Financial Modeling
|
$157,270 |
11%
|
|
Project Management
|
$155,853 |
10%
|
|
Forecasting
|
$155,853 |
10%
|
|
KPI
|
$155,853 |
10%
|
