What is a Budget Analyst?
Job Description & Duties Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
List of Budget Analyst Job Duties
- Seek new ways to improve efficiency and increase profits.
- Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
- Consult with managers to ensure that budget adjustments are made in accordance with program changes.
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
- Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
- Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
What Every Budget Analyst Should Know
Below is a list of the skills most Budget Analysts say are important on the job.
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 Coordinator
- Fiscal Agent
- Budget Examiner
- Accounting Supervisor
- Management and Budget Analyst
What Kind of Budget Analyst Job Opportunities Are There?
In the United States, there were 58,400 jobs for Budget Analyst in 2016. 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 salary for Budget Analysts ranges between about $49,860 and $116,300 a year.
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?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Budget Analysts:
- 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
Becoming a Budget Analyst
What education is needed to be a Budget Analyst?
How many years of work experience do I need?
Where do Budget Analysts Work?
Budget Analysts work in the following industries:
Other Jobs You May be Interested In
Those interested in being a Budget Analyst may also be interested in:
- 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.
|Request Info||Southern New Hampshire University You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs. Learn More >|