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Budget Analysts in South Dakota

Budget Analysts in South Dakota

Thinking about a career as a Budget Analysts in South Dakota? Below are the key facts. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports. Excludes “Financial and Investment Analysts” (13-2051).

What do Budget Analysts Make in South Dakota?

For a budget analysts working in South Dakota, wages run about $74,960 per year (or about $36.04/hour).Pay can range from $58,410 at the 10th percentile to $112,540 at the 90th percentile.

Wage Statistic Annual Hourly
10th percentile $58,410 $28.08
25th percentile $63,660 $30.60
Median (50th) $74,960 $36.04
75th percentile $90,530 $43.53
90th percentile $112,540 $54.11
Salary ranges for Budget Analysts in South Dakota

Location quotient — how concentrated this career is in South Dakota compared to the national average — is 0.83, indicating fewer budget analysts per worker than the national average.

National Wage Comparison

Nationally, budget analysts earn a median of $80,859 per year ($38.87/hour), lower than the South Dakota median.

Budget Analysts earnings in South Dakota vs. the national average

Employment Outlook

There are roughly 523,417 budget analysts in the U.S.. In South Dakota alone, around 110 people work in this role. That trails the typical state, which employs around 480 budget analysts.

Budget Analysts in South Dakota vs. the average state Forecasted number of jobs for Budget Analysts

Top South Dakota Metros for Budget Analysts

The metro areas below employ the most budget analysts in South Dakota.

Metro Area Number Employed Annual Median Salary
Rapid City, SD 30 $69,950

Top States for Budget Analysts Employment

View the states that employ the most budget analysts work.

State Number Employed
Texas 3,840
California 3,700
Florida 3,450
Virginia 2,940
Maryland 2,870
New York 2,740
Georgia 1,890
District of Columbia 1,720
North Carolina 1,680
Colorado 1,450
Massachusetts 1,380
Washington 1,300
Tennessee 1,090
Pennsylvania 990
Oregon 980
Alabama 940
Wisconsin 900
Arizona 850
Illinois 830
New Jersey 770

Highest-Paying States for Budget Analysts

The highest-paying states for budget analysts.

State Annual Median Salary
District of Columbia $117,960
Virginia $108,740
California $103,900
Maryland $101,420
New Mexico $99,590
Alabama $98,080
Colorado $96,680
Oregon $94,640
Connecticut $93,070
New Jersey $92,980

Skills

Top budget analysts skills, rated on an importance scale of 0 to 5:

Mathematics  3.9 / 5
0
5
Critical Thinking  3.9 / 5
0
5
Active Listening  3.8 / 5
0
5
Reading Comprehension  3.8 / 5
0
5
Speaking  3.8 / 5
0
5
Complex Problem Solving  3.8 / 5
0
5

Knowledge Areas

Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:

Economics and Accounting  4.4 / 5
0
5
Mathematics  4.0 / 5
0
5
English Language  3.9 / 5
0
5
Administration and Management  3.7 / 5
0
5
Administrative  3.4 / 5
0
5
Computers and Electronics  3.4 / 5
0
5

Abilities

Key abilities for budget analysts, rated on an importance scale of 0 to 5:

Oral Expression  3.9 / 5
0
5
Oral Comprehension  3.9 / 5
0
5
Number Facility  3.9 / 5
0
5
Written Comprehension  3.9 / 5
0
5
Mathematical Reasoning  3.9 / 5
0
5
Information Ordering  3.8 / 5
0
5

Daily Tasks

Budget Analysts typically:

  • Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
  • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  • Review operating budgets to analyze trends affecting budget needs.
  • Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
  • Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
  • Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
  • Consult with managers to ensure that budget adjustments are made in accordance with program changes.
  • Direct the preparation of regular and special budget reports.
  • Interpret budget directives and establish policies for carrying out directives.
  • 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.
  • Seek new ways to improve efficiency and increase profits.

Work Activities

  • Working with Computers
  • Getting Information
  • Processing Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Evaluating Information to Determine Compliance with Standards
  • Documenting/Recording Information
  • Making Decisions and Solving Problems
  • Identifying Objects, Actions, and Events
  • Updating and Using Relevant Knowledge
  • Establishing and Maintaining Interpersonal Relationships

Tools & Technology

Technologies frequently used: Hot technologies: Microsoft Access, Microsoft Excel In-demand technologies: Microsoft Access

What Major Will Prepare You For This Career?

Several college majors map to this occupation:

  • Accounting
  • Finance & Financial Management

Careers similar to budget analysts include:

Also Known As

Budget Administrator (Budget Admin), Budget Analyst, Budget Coordinator, Budget Engineer, Budget Examiner, Budget Management Analyst, Budget Officer, Budget Planning Analyst, Budget Specialist, Budget and Policy Analyst, Cost Accountant, Cost Analyst, Financial Management Analyst, Financial Planning and Analysis Analyst, Financial Services Officer.

References

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