We receive a great deal of funding which requires us to keep very close track or our spending. Outline your experience in budget management and resource allocation.

"While I don't have experience in managing large grant funding or private budgets to research, I do have experience with the key items in managing small scale budgets. The keys to successfully utilizing and staying within a budget come down to planning and tracking it. If matched into your program, I would look forward to learning more about managing large-scale funding for the great research you are doing on a daily basis."

Be specific in your answer by including numbers and percentages. Also, discuss any specific software or budget tracking programs you are familiar with that you may have worked on during your schooling up to this point. Keep in mind that this won't be a make-or-break question as managing a budget may not have been a requirement for you up to this point in your path.