What Does it Take to Be a Budget Analyst?
Budget Analyst Definition Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
What Do Budget Analysts Do On a Daily Basis?
- Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
- Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
- Interpret budget directives and establish policies for carrying out directives.
- Direct the preparation of regular and special budget reports.
- Review operating budgets to analyze trends affecting budget needs.
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
Things a Budget Analyst Should Know How to Do
When polled, Budget Analysts say the following skills are most frequently used in their jobs:
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.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Other Budget Analyst Job Titles
- Budget Specialist
- Budget Officer
- Budget Engineer
- Accounting Supervisor
- Fiscal Officer
Is There Job Demand for Budget Analysts?
There were about 58,400 jobs for Budget Analyst in 2016 (in the United States). New jobs are being produced at a rate of 6.5% which is above the national average. The Bureau of Labor Statistics predicts 3,800 new jobs for Budget Analyst by 2026. There will be an estimated 4,800 positions for Budget Analyst per year.
The states with the most job growth for Budget Analyst are Utah, Nevada, and Texas. 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.
How Much Does a Budget Analyst Make?
The typical yearly salary for Budget Analysts is somewhere between $49,860 and $116,300.
Budget Analysts who work in District of Columbia, Maryland, or Virginia, make the highest salaries.
How much do Budget Analysts make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$100,510|
What Tools do Budget Analysts Use?
Below is a list of the types of tools and technologies that Budget Analysts may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Access
- Email software
- Word processing software
- Spreadsheet software
- Microsoft Sharepoint
- Structured query language SQL
- Microsoft Visual Basic
- Enterprise resource planning ERP software
- Graphics software
- Oracle E-Business Suite Financials
- Oracle Hyperion
- Microsoft Dynamics GP
- Oracle PeopleSoft Financials
- Statistical software
- Fund accounting software
- Presentation software
How do I Become a Budget Analyst?
Learn what Budget Analyst education requirements there are.
How many years of work experience do I need?
Who Employs Budget Analysts?
The table below shows some of the most common industries where those employed in this career field work.
Other Jobs You May be Interested In
Those thinking about becoming a Budget Analyst might also be interested in the following careers:
- Regulatory Affairs Managers
- Logistics Analysts
- Credit Analysts
- Tax Examiners and Collectors, and Revenue Agents
Those who work as a Budget Analyst sometimes switch careers to one of these choices:
More about our data sources and methodologies.
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