A modulator with balanced slope compensation including a control network, a slope compensation network, an offset network and an adjust network. The control network receives a feedback signal indicative of an output voltage and provides a loop control signal. The slope compensation network develops a slope compensation signal. The offset network determines a DC offset of the slope compensation signal. The adjust network combines the DC offset, the slope compensation signal and the loop control signal to provide a balanced slope compensated control signal. The DC offset may be determined as a peak of the slope compensation signal. The slope compensation signal may be developed based on the output voltage and a pulse control signal, in which the pulse control signal is developed using the balanced slope compensated control signal.