Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

budget analysttobudget manager

A budget analyst already meets 31% of what the budget manager role asks for. The move turns on 20 required skills not yet in the profile.

From budget analyst
31%
Overlap1
To budget manager
15 Skills carried over
20 Required, not held
71.9 Difficulty2
Career overlap Distant match

31%

Learning distance Substantial retraining

71.9/ 100

1 Share of the budget manager role’s weighted skill requirement already met by the budget analyst profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Why

Why this move works

A budget manager role treats 8 of its required skills as things a budget analyst already does. These are the ones it depends on most.

  • budgetary principles
  • company policies
  • evaluate budgets
  • exert expenditure control
  • explain accounting records
  • financial department processes

What stands in the way is 20 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 15 skills that carry over, these are the ones fewest other occupations ask for. A budget manager role needs them, and most people applying for one will not have them already. This is the part of a budget analyst background worth leading with.

Skill the target role also needs Area
  • already held exert expenditure control management skills
  • already held explain accounting records management skills
  • already held inspect government expenditures information skills
  • already held support development of annual budget management skills
  • already held advise on public finance communication, collaboration and creativity
  • already held evaluate budgets management skills

All 15 carried skills, including the 8 the budget manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 29 missing skills fall into 6 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier
01 business, administration and law 7 required, 2 supplementary
  • required, not held accounting department processes required
  • required, not held corporate social responsibility required
  • required, not held cost management required
  • required, not held financial analysis required
  • required, not held financial forecasting required
  • required, not held financial management required
  • required, not held financial statements required
  • optional, not held accounting techniques optional
  • optional, not held business management principles optional
02 management skills 6 required, 2 supplementary
  • required, not held control financial resources required
  • required, not held create a financial plan required
  • required, not held enforce financial policies required
  • required, not held integrate strategic foundation in daily performance required
  • required, not held manage staff required
  • required, not held strive for company growth required
  • optional, not held oversee the facilities services budget optional
  • optional, not held plan health and safety procedures optional
03 information skills 3 required, 4 supplementary
  • required, not held analyse market financial trends required
  • required, not held interpret financial statements required
  • required, not held monitor financial accounts required
  • optional, not held create a financial report optional
  • optional, not held monitor charity's budget optional
  • optional, not held estimate profitability optional
  • optional, not held prepare financial statements optional
04 assisting and caring 2 required
  • required, not held follow company standards required
  • required, not held follow the statutory obligations required
05 communication, collaboration and creativity 2 required
  • required, not held advise on financial matters required
  • required, not held liaise with managers required
06 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held statistics optional
Table 4

Table 4 · Where to start

The 3 entries a budget manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 15 skills that carry over
Skill Type
  • already held budgetary principles knowledge
  • already held company policies knowledge
  • already held evaluate budgets skill
  • already held exert expenditure control skill
  • already held explain accounting records skill
  • already held financial department processes knowledge
  • already held manage budgets skill
  • already held support development of annual budget skill
  • already held advise on public finance skill
  • already held analyse financial performance of a company skill
  • already held assess financial viability skill
  • already held funding methods knowledge
  • already held inspect government expenditures skill
  • already held public finance knowledge
  • already held review investment portfolios skill
9 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held create a financial report optional
  • optional, not held monitor charity's budget optional
  • optional, not held accounting techniques optional
  • optional, not held business management principles optional
  • optional, not held estimate profitability optional
  • optional, not held oversee the facilities services budget optional
  • optional, not held plan health and safety procedures optional
  • optional, not held prepare financial statements optional
  • optional, not held statistics optional
8 held skills the budget manager role does not ask for
Skill Type
  • not needed by the target role budget for financial needs skill
  • not needed by the target role consider economic criteria in decision making skill
  • not needed by the target role create annual marketing budget skill
  • not needed by the target role develop financial statistics reports skill
  • not needed by the target role identify process improvements skill
  • not needed by the target role revise drafts made by managers skill
  • not needed by the target role synthesise financial information skill
  • not needed by the target role use office systems skill
10 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier
  • required, not held accounting department processes required
  • required, not held corporate social responsibility required
  • required, not held cost management required
  • required, not held financial analysis required
  • required, not held financial forecasting required
  • required, not held financial management required
  • required, not held financial statements required
  • optional, not held accounting techniques optional
  • optional, not held business management principles optional
  • optional, not held statistics optional
Index

Other moves recorded from budget analyst

Full index of moves from budget analyst

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.