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

business managertobudget manager

A business manager already meets 52% of what the budget manager role asks for. The move turns on 12 required skills not yet in the profile.

From business manager
52%
Overlap1
To budget manager
20 Skills carried over
12 Required, not held
55 Difficulty2
Career overlap Partial match

52%

Learning distance Substantial retraining

55/ 100

1 Share of the budget manager role’s weighted skill requirement already met by the business manager 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 16 of its required skills as things a business manager already does. These are the ones it depends on most.

  • analyse market financial trends
  • company policies
  • control financial resources
  • corporate social responsibility
  • cost management
  • create a financial plan

What stands in the way is 12 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 20 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 business manager background worth leading with.

Skill the target role also needs Area
  • already held follow the statutory obligations assisting and caring
  • already held integrate strategic foundation in daily performance management skills
  • already held prepare financial statements information skills
  • already held control financial resources management skills
  • already held create a financial report information skills
  • already held financial forecasting business, administration and law

All 20 carried skills, including the 16 the budget manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 24 missing skills fall into 5 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 5 required, 1 supplementary
  • required, not held support development of annual budget 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
  • optional, not held oversee the facilities services budget optional
02 business, administration and law 4 required, 3 supplementary
  • required, not held accounting department processes required
  • required, not held budgetary principles required
  • required, not held financial department processes required
  • required, not held financial analysis required
  • optional, not held accounting techniques optional
  • optional, not held funding methods optional
  • optional, not held public finance optional
03 information skills 2 required, 5 supplementary
  • required, not held interpret financial statements required
  • required, not held monitor financial accounts required
  • optional, not held monitor charity's budget optional
  • optional, not held analyse financial performance of a company optional
  • optional, not held assess financial viability optional
  • optional, not held estimate profitability optional
  • optional, not held inspect government expenditures optional
04 communication, collaboration and creativity 1 required, 2 supplementary
  • required, not held advise on financial matters required
  • optional, not held advise on public finance optional
  • optional, not held review investment portfolios optional
05 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 20 skills that carry over
Skill Type
  • already held analyse market financial trends skill
  • already held company policies knowledge
  • already held control financial resources skill
  • already held corporate social responsibility knowledge
  • already held cost management knowledge
  • already held create a financial plan skill
  • already held financial forecasting knowledge
  • already held financial management knowledge
  • already held financial statements knowledge
  • already held follow company standards skill
  • already held follow the statutory obligations skill
  • already held integrate strategic foundation in daily performance skill
  • already held liaise with managers skill
  • already held manage budgets skill
  • already held manage staff skill
  • already held strive for company growth skill
  • already held business management principles knowledge
  • already held create a financial report skill
  • already held plan health and safety procedures skill
  • already held prepare financial statements skill
12 supplementary skills, helpful but not required
Skill to acquire Tier
  • 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 analyse financial performance of a company optional
  • optional, not held assess financial viability optional
  • optional, not held estimate profitability 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 public finance optional
  • optional, not held review investment portfolios optional
  • optional, not held statistics optional
64 held skills the budget manager role does not ask for
Skill Type
  • not needed by the target role abide by business ethical code of conducts skill
  • not needed by the target role accounting knowledge
  • not needed by the target role align efforts towards business development skill
  • not needed by the target role analyse business plans skill
  • not needed by the target role analyse business processes skill
  • not needed by the target role analyse financial risk skill
  • not needed by the target role apply business acumen skill
  • not needed by the target role assume responsibility for the management of a business skill
  • not needed by the target role banking activities knowledge
  • not needed by the target role build business relationships skill
  • not needed by the target role business communication knowledge
  • not needed by the target role business law knowledge
  • not needed by the target role business loans knowledge
  • not needed by the target role business process modelling knowledge
  • not needed by the target role collaborate in company's daily operations skill
  • not needed by the target role conclude business agreements skill
  • not needed by the target role corporate law knowledge
  • not needed by the target role create a work atmosphere of continuous improvement skill
  • not needed by the target role describe the financial situation of a region skill
  • not needed by the target role develop business plans skill
  • not needed by the target role develop company strategies skill
  • not needed by the target role develop organisational policies skill
  • not needed by the target role develop professional network skill
  • not needed by the target role develop revenue generation strategies skill
  • not needed by the target role ensure lawful business operations skill
  • not needed by the target role establish communication with foreign cultures skill
  • not needed by the target role evaluate performance of organisational collaborators skill
  • not needed by the target role execute marketing plan skill
  • not needed by the target role exercise stewardship skill
  • not needed by the target role financial jurisdiction knowledge
  • not needed by the target role human resource management knowledge
  • not needed by the target role impart business plans to collaborators skill
  • not needed by the target role integrate headquarter's guidelines into local operations skill
  • not needed by the target role interact with the board of directors skill
  • not needed by the target role international trade knowledge
  • not needed by the target role keep updated on the political landscape skill
  • not needed by the target role liaise with local authorities skill
  • not needed by the target role maintain relationship with customers skill
  • not needed by the target role make strategic business decisions skill
  • not needed by the target role manage contracts skill

24 further entries not listed here

8 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 financial department processes required
  • required, not held financial analysis required
  • optional, not held accounting techniques optional
  • optional, not held funding methods optional
  • optional, not held public finance optional
  • optional, not held statistics optional
Index

Other moves recorded from business manager

Full index of moves from business manager

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.