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

compensation analysttobudget manager

A compensation analyst already meets 20% of what the budget manager role asks for. The move turns on 22 required skills not yet in the profile.

From compensation analyst
20%
Overlap1
To budget manager
8 Skills carried over
22 Required, not held
80.8 Difficulty2
Career overlap Distant match

20%

Learning distance A rebuild

80.8/ 100

1 Share of the budget manager role’s weighted skill requirement already met by the compensation 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 6 of its required skills as things a compensation analyst already does. These are the ones it depends on most.

  • company policies
  • control financial resources
  • corporate social responsibility
  • financial analysis
  • financial forecasting
  • manage staff

What stands in the way is 22 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 8 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 compensation analyst background worth leading with.

Skill the target role also needs Area
  • already held estimate profitability information skills
  • already held control financial resources management skills
  • already held financial analysis business, administration and law
  • already held financial forecasting business, administration and law
  • already held analyse financial performance of a company information skills
  • already held corporate social responsibility business, administration and law

All 8 carried skills, including the 6 the budget manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 36 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 management skills 9 required, 2 supplementary
  • required, not held support development of annual budget required
  • required, not held create a financial plan required
  • required, not held enforce financial policies required
  • required, not held evaluate budgets required
  • required, not held exert expenditure control required
  • required, not held explain accounting records required
  • required, not held integrate strategic foundation in daily performance required
  • required, not held manage budgets 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
02 business, administration and law 6 required, 4 supplementary
  • required, not held accounting department processes required
  • required, not held budgetary principles required
  • required, not held cost management required
  • required, not held financial department processes 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 funding methods optional
  • optional, not held public finance optional
03 information skills 3 required, 5 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 assess financial viability optional
  • optional, not held inspect government expenditures optional
  • optional, not held prepare financial statements optional
04 communication, collaboration and creativity 2 required, 2 supplementary
  • required, not held advise on financial matters required
  • required, not held liaise with managers required
  • optional, not held advise on public finance optional
  • optional, not held review investment portfolios optional
05 assisting and caring 2 required
  • required, not held follow company standards required
  • required, not held follow the statutory obligations 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 8 skills that carry over
Skill Type
  • already held company policies knowledge
  • already held control financial resources skill
  • already held corporate social responsibility knowledge
  • already held financial analysis knowledge
  • already held financial forecasting knowledge
  • already held manage staff skill
  • already held analyse financial performance of a company skill
  • already held estimate profitability skill
14 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 advise on public finance optional
  • optional, not held assess financial viability optional
  • optional, not held business management principles optional
  • optional, not held funding methods optional
  • optional, not held inspect government expenditures 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 public finance optional
  • optional, not held review investment portfolios optional
  • optional, not held statistics optional
21 held skills the budget manager role does not ask for
Skill Type
  • not needed by the target role actuarial science knowledge
  • not needed by the target role analyse unemployment rates skill
  • not needed by the target role business analysis knowledge
  • not needed by the target role business loans knowledge
  • not needed by the target role business processes knowledge
  • not needed by the target role business valuation techniques knowledge
  • not needed by the target role calculate compensation payments skill
  • not needed by the target role calculate dividends skill
  • not needed by the target role calculate employee benefits skill
  • not needed by the target role carry out job analysis skill
  • not needed by the target role determine salaries skill
  • not needed by the target role develop employee retention programs skill
  • not needed by the target role employment law knowledge
  • not needed by the target role financial capability knowledge
  • not needed by the target role human resource management knowledge
  • not needed by the target role human resources department processes knowledge
  • not needed by the target role labour market knowledge
  • not needed by the target role manage payroll reports skill
  • not needed by the target role personnel management knowledge
  • not needed by the target role promote equal pay skill
  • not needed by the target role provide cost benefit analysis reports skill
11 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 budgetary principles required
  • required, not held cost management required
  • required, not held financial department processes 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 funding methods optional
  • optional, not held public finance optional
  • optional, not held statistics optional
Index

Other moves recorded from compensation analyst

Full index of moves from compensation 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.