What Do Budget Analyst Do?
Position Description Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Budget Analyst Responsibilities
- Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
- Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.
- Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
- Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
- Seek new ways to improve efficiency and increase profits.
- Consult with managers to ensure that budget adjustments are made in accordance with program changes.
Budget Analyst Skills
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.
Related Job Titles
- Budget Engineer
- Fiscal Agent
- Budget Officer
- Program Analyst
- Financial Services Officer
What Kind of Budget Analyst Job Opportunities Are There?
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.
What is the Average Salary of a Budget Analyst
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 different U.S. states?
| 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 & Technology 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?
Are there Budget Analysts education requirements?
What work experience do I need to become a Budget Analyst?
Who Employs Budget Analysts?
Below are examples of industries where Budget Analysts work:
Similar Careers
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:
References:
Image Credit: Pixabay via CC0 License
More about our data sources and methodologies.
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