diff --git a/app/controllers/management/budgets_controller.rb b/app/controllers/management/budgets_controller.rb
index c5cfdee76..dd7259c99 100644
--- a/app/controllers/management/budgets_controller.rb
+++ b/app/controllers/management/budgets_controller.rb
@@ -7,6 +7,11 @@ class Management::BudgetsController < Management::BaseController
 
   def create_investments
     @budgets = Budget.accepting.order(created_at: :desc).page(params[:page])
+
+    if current_manager_administrator?
+      @budgets += Budget.reviewing.order(created_at: :desc) +
+                  Budget.selecting.order(created_at: :desc)
+    end
   end
 
   def support_investments
@@ -23,4 +28,8 @@ class Management::BudgetsController < Management::BaseController
       check_verified_user t("management.budget_investments.alert.unverified_user")
     end
 
+    def current_manager_administrator?
+      session[:manager]["login"].match("admin")
+    end
+
 end
diff --git a/spec/features/management/budget_investments_spec.rb b/spec/features/management/budget_investments_spec.rb
index 5b3961306..c4d7a8797 100644
--- a/spec/features/management/budget_investments_spec.rb
+++ b/spec/features/management/budget_investments_spec.rb
@@ -137,6 +137,61 @@ feature 'Budget Investments' do
     end
   end
 
+  scenario "Listing - managers can see budgets in accepting phase" do
+    accepting_budget = create(:budget, phase: "accepting")
+    reviewing_budget = create(:budget, phase: "reviewing")
+    selecting_budget = create(:budget, phase: "selecting")
+    valuating_budget = create(:budget, phase: "valuating")
+    balloting_budget = create(:budget, phase: "balloting")
+    reviewing_ballots_budget = create(:budget, phase: "reviewing_ballots")
+    finished = create(:budget, phase: "finished")
+
+    user = create(:user, :level_two)
+    login_managed_user(user)
+
+    click_link "Create budget investment"
+
+    expect(page).to have_content(accepting_budget.name)
+
+    expect(page).to_not have_content(reviewing_budget.name)
+    expect(page).to_not have_content(selecting_budget.name)
+    expect(page).to_not have_content(valuating_budget.name)
+    expect(page).to_not have_content(balloting_budget.name)
+    expect(page).to_not have_content(reviewing_ballots_budget.name)
+    expect(page).to_not have_content(finished.name)
+  end
+
+  scenario "Listing - admins can see budgets in accepting, reviewing and selecting phases" do
+    accepting_budget = create(:budget, phase: "accepting")
+    reviewing_budget = create(:budget, phase: "reviewing")
+    selecting_budget = create(:budget, phase: "selecting")
+    valuating_budget = create(:budget, phase: "valuating")
+    balloting_budget = create(:budget, phase: "balloting")
+    reviewing_ballots_budget = create(:budget, phase: "reviewing_ballots")
+    finished = create(:budget, phase: "finished")
+
+    visit root_path
+    click_link "Sign out"
+
+    admin = create(:administrator)
+    login_as(admin.user)
+
+    user = create(:user, :level_two)
+    login_managed_user(user)
+    visit management_sign_in_path
+
+    click_link "Create budget investment"
+
+    expect(page).to have_content(accepting_budget.name)
+    expect(page).to have_content(reviewing_budget.name)
+    expect(page).to have_content(selecting_budget.name)
+
+    expect(page).to_not have_content(valuating_budget.name)
+    expect(page).to_not have_content(balloting_budget.name)
+    expect(page).to_not have_content(reviewing_ballots_budget.name)
+    expect(page).to_not have_content(finished.name)
+  end
+
   context "Supporting" do
 
     scenario 'Supporting budget investments on behalf of someone in index view', :js do