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Overview of Division Budget Manager Job Description

Job Descriptions February 14, 2014

Many companies and corporations are so large that they have to be divided into separate divisions to ensure they function properly. Each division will be given a budget, which is a portion of the company’s profits. A Division Budget Manager is an important position within the division which features a lot of responsibilities.

Role of the Division Budget Manager

A Division Budget Manager coordinates and directs the employees responsible for the formulation of the division’s budget. They direct and compile data based on studies of statistics and analyze past and current years to create a division budget and justify the funds they request. He or she will also review yearly and periodic division budgets to analyze trends affecting the budget needs.

Educational Requirements

This position usually requires a bachelor’s degree and minimum of 7 years of experience within the field. The ideal candidate will be familiar with a plethora of concepts, procedures, and practices related to the field of finance. A division budget manager must perform a variety of difficult tasks to ensure their department receives adequate funding. He or she must also lead and direct the work of others within the department.

The budget manager’s responsibilities include taking a proactive approach to perform budget forecasting accurately to determine the course of his or her department over a period of time extending into the future.

Budget forecasting allows a department to figure their budget for daily, weekly, monthly and quarterly needs. This process creates short term, realistic guidelines for the immediate future business period. As the year progresses, the actual budget is compared with the forecast budget. Any forecasted budget deficiencies can be planned for and solved before they manifest into a larger problem.

Budget managers are mathematic and finance professionals. These opportunities require a deeper understanding of finance, accounting and business administration. Experience in the budget or accounting department is mandatory. According to the Bureau of Labor Statistics, these professionals earn an average salary of $69,280. The Bureau also reports that budget manager jobs are predicted to increase as quickly as the average, and job opportunities should generally be very promising, especially for candidates with a master’s degree.

A person with advanced math and organizational skills could earn a nice living as a Department Budget Manager. The work is very demanding. Most 4 year universities can provide the proper degree to get a person started.

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  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
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  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • 100% online programs at associate, bachelor’s, master’s, and doctoral level.*
  • Transfer up to 90 credits into an undergraduate degree program.
  • Up to 50% of your master’s degree can be transferred in to help maximize the credit you previously earned.
  • *Excludes licensure, certification, and some doctoral programs
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits

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