Find Schools

Study Area & Zipcode

Budget Analyst

Find Schools Near

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.

undefined

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.

undefined

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
Alabama $82,480
Alaska $79,650
Arizona $71,930
Arkansas $51,730
California $90,780
Colorado $83,060
Connecticut $82,880
Delaware $72,490
District of Columbia $100,510
Florida $73,270
Georgia $70,050
Hawaii $82,840
Idaho $66,950
Illinois $75,700
Indiana $69,840
Iowa $75,100
Kansas $68,440
Kentucky $57,310
Louisiana $67,710
Maine $73,100
Maryland $89,940
Massachusetts $85,320
Michigan $76,980
Minnesota $79,710
Mississippi $62,940
Missouri $69,220
Montana $62,740
Nebraska $59,350
Nevada $70,490
New Hampshire $75,710
New Jersey $83,710
New Mexico $76,880
New York $78,540
North Carolina $72,490
North Dakota $70,030
Ohio $74,770
Oklahoma $71,120
Oregon $74,970
Pennsylvania $73,220
Rhode Island $84,720
South Carolina $70,090
South Dakota $63,380
Tennessee $70,710
Texas $77,900
Utah $75,610
Vermont $70,500
Virginia $91,000
Washington $76,210
West Virginia $67,460
Wisconsin $72,380
Wyoming $68,630

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.

undefined

How many years of work experience do I need?

undefined

Who Employs Budget Analysts?

undefined

The table below shows some of the most common industries where those employed in this career field work.

undefined

Other Jobs You May be Interested In

Those thinking about becoming a Budget Analyst might also be interested in the following careers:

Those who work as a Budget Analyst sometimes switch careers to one of these choices:

References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

Featured Schools

Find Schools Near You

Our free school finder matches students with accredited colleges across the U.S.