Budget Analysts: Salary, Job Description, How To Be One and More

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Budget Analysts jobs information
pros and cons of being a Budget Analyst

Budget Analysts

Other names for this job might include Accountant, Accounting Supervisor, Budget Analyst, Budget and Policy Analyst, Budget Coordinator, Budget Engineer, Budget Examiner, Budget Manager, Budget Officer, Chief Financial Officer (CFO)


  • $75150
    Salary
  • 68%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



Budget Analysts: Know It All In 1 Minute


In this career summary, you will find out what the job of A Budget Analyst is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Budget Analysts examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

  • Direct the preparation of regular and special budget reports.
  • Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
  • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  • Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.

Read more about what does A Budget Analyst really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$75150 per year

Hourly wage
$36.13 an hour


Budget Analysts with little to no experience tend to make between $47550 and $57950 while the more experienced ones make over $90570 per year.

Top 5 paying statesHourlyAnnual
DC$44.75$93090
VA$41.08$85440
CT$40.6$84440
MD$40.21$83640
AK$39.86$82910

1 of the easiest ways to increase your salary as A Budget Analyst is to move to a higher paying state like DC. Right now, the highest paying states for Budget Analysts are DC, VA, CT, MD and AK.

However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Budget Analyst is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Budget Analysts make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Budget Analysts what degree they had when they got the job and most of them said they had a Bachelors degree followed by Master’s degree.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Accounting
Accounting and Finance
Finance, General
Public Finance

Another popular question from our readers is what makes A Budget Analyst successful or would they be good in this career.

Well, we found that most successful Budget Analysts have these 5 skillsets.

Reading Comprehension
Active Listening
Speaking
Critical Thinking
Judgment and Decision Making

In addition to that, 1 common characteristic among successful Budget Analysts is they are good at Attention to Detail. Here are the top 5 common characteristics.

Attention to Detail
Integrity
Dependability
Analytical Thinking
Cooperation
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Budget Analyst and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Budget Analyst as your career.

PROS
Suitable for people who likes to follow routines
Suitable for people who wants job security and a good working condition
This career is perfect for people who love to work indoors.
Very good salary
Normal working hours (40 hours per week)
CONS
Not suitable for people who likes to work with designs
It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
68%

Is this job meaningful
56%


Working hours
40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Budget Analysts work 40 hours per week.

68% of Budget Analysts said they were satisfied with their job and 56% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Organizers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



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Salary: $73670

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Career type

Business and Finance
Business Analysis, Business Financial Management and Accounting
Financial and Investment Planning

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Related to Budget Analysts Career Information

Budget Analysts job description, Budget Analysts salary, Budget Analysts information, what is the job of a Budget Analyst like, pros and cons about Budget Analysts, colleges and universities for Budget Analysts, is Budget Analysts the right career for me, Quite Hard careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/OOH/business-and-financial/budget-analysts.htm
https://www.agacgfm.org/

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Budget Analysts
Written by: Stanley Tan
Budget Analysts examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
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