Table 1Transition record

cost analysttobudget manager

A cost analyst already meets 40% of what the budget manager role asks for. The move turns on 16 required skills not yet in the profile.

From cost analyst

40%

Overlap1

To budget manager

16 Skills carried over

16 Required, not held

64.7 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 64.7

This move: 64.7 of 100 · substantial

1 Share of the budget manager role’s weighted skill requirement already met by the cost 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.

Table 2

Table 2 · What you already bring

Of the 16 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 cost 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 support development of annual budget management skills
already held evaluate budgets management skills
already held financial department processes business, administration and law
already held prepare financial statements information skills

All 16 carried skills, including the 12 the budget manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 28 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 6 required, 4 supplementary

required, not held accounting department processes required
required, not held budgetary principles required
required, not held corporate social responsibility required
required, not held financial analysis 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

02 management skills 4 required, 2 supplementary

required, not held control financial resources 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 2 required, 3 supplementary

required, not held analyse market financial trends required
required, not held monitor financial accounts required

optional, not held monitor charity's budget optional
optional, not held estimate profitability optional
optional, not held inspect government expenditures 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 16 skills that carry over

Skill Type

already held company policies knowledge
already held cost management knowledge
already held create a financial plan skill
already held enforce financial policies skill
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 financial forecasting knowledge
already held interpret financial statements skill
already held manage budgets skill
already held support development of annual budget skill
already held analyse financial performance of a company skill
already held assess financial viability skill
already held create a financial report 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 business management principles 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 plan health and safety procedures optional
optional, not held public finance optional
optional, not held review investment portfolios optional
optional, not held statistics optional

17 held skills the budget manager role does not ask for

Skill Type

not needed by the target role advise on tax planning skill
not needed by the target role analyse financial risk skill
not needed by the target role analyse transportation costs skill
not needed by the target role calculate production costs skill
not needed by the target role carry out tendering skill
not needed by the target role control of expenses skill
not needed by the target role disseminate information on tax legislation skill
not needed by the target role execute analytical mathematical calculations skill
not needed by the target role identify process improvements skill
not needed by the target role liquidity management knowledge
not needed by the target role manage inventory skill
not needed by the target role manage payroll reports skill
not needed by the target role negotiate supplier arrangements skill
not needed by the target role perform cost accounting activities skill
not needed by the target role prepare cost-plus pricing models skill
not needed by the target role provide cost benefit analysis reports skill
not needed by the target role synthesise financial information 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 corporate social responsibility required
required, not held financial analysis 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 cost analyst

Full index of moves from cost 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.