What You Need to Know About Budget Analysts
Budget Analyst Definition Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
A Day in the Life of a Budget Analyst
- Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
- Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
- Direct the preparation of regular and special budget reports.
- Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
- Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
Qualities of a Budget Analyst
Budget Analysts state the following job skills are important in their day-to-day work.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Speaking: Talking to others to convey information effectively.
Mathematics: Using mathematics to solve problems.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Related Job Titles
- Budget Officer
- Financial Services Officer
- Staff Analyst
- Budget Examiner
- Budget Analyst
Is There Going to be Demand for Budget Analysts?
In the United States, there were 58,400 jobs for Budget Analysts in 2016.
New jobs are being produced at a rate of 6.5% which is lower than average. The Bureau of Labor Statistics predicts 3,800 new jobs for Budget Analysts by 2026. Due to new job openings and attrition, there will be an average of 4,800 job openings in this field each year.
The states with the most job growth for Budget Analysts are Texas, California, and New York.
Watch out if you plan on working in Alaska, Vermont, or New Hampshire. These states have the worst job growth for this type of profession.
Budget Analyst Salary
The salary for Budget Analysts ranges between about $49,860 and $116,300 a year. A Budget Analyst median salary is $76,220.
How much do Budget Analysts make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$100,510|
Tools & Technologies Used by Budget Analysts
Below is a list of the types of tools and technologies that Budget Analysts may use on a daily basis:
- Structured query language SQL
- Oracle PeopleSoft Financials
- Microsoft Sharepoint
- IBM Cognos Planning
- Budgeting, forecasting, and planning software
- Sage ERP Accpac
- Sage Active Planner
- Sage MAS 90 ERP
- SAP Business One
How do I Become a Budget Analyst?
Are there Budget Analyst education requirements?
How many years of work experience do I need?
Who Employs Budget Analysts?
Other Jobs You May be Interested In
Those thinking about becoming Budget Analysts might also be interested in the following careers:
- Credit Analysts
- Logistics Analysts
- Tax Examiners and Collectors, and Revenue Agents
Those who work as Budget Analysts sometimes switch careers to one of these choices:
- Financial Examiners
Image Credit: Via Wikimedia Commons