What Do Budget Analyst Do?
Occupation Description Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Life As a Budget Analyst: What Do They Do?
- Review operating budgets to analyze trends affecting budget needs.
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
- Interpret budget directives and establish policies for carrying out directives.
- Consult with managers to ensure that budget adjustments are made in accordance with program changes.
- Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
- Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.
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What Every Budget Analyst Should Know
These are the skills Budget Analysts say are the most useful in their careers:
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
- Management and Budget Analyst
- Cost Accountant
- Budget Officer
- Policy Analyst
- Cost Analyst
Are There Job Opportunities for Budget Analysts?
In 2016, there was an estimated number of 58,400 jobs in the United States for Budget Analyst. 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. 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 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.
Do Budget Analysts Make A Lot Of Money?
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.
Below is a list of the median annual salaries for Budget Analysts 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 |
Tools & Technologies Used by Budget Analysts
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
Learn what Budget Analyst education requirements there are.
What work experience do I need to become a Budget Analyst?
Where Budget Analysts Work
The table below shows the approximate number of Budget Analysts employed by various industries.
Similar Careers
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
Career changers with experience as a Budget Analyst sometimes find work in one of the following fields:
References:
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More about our data sources and methodologies.
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