How To Become A Budget Analyst: Degree and Education Requirements

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what degree do you need to become a Budget Analyst
majors for Budget Analysts

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



Be A Budget Analyst: What You Really Need


In this requirements guide for Budget Analysts, you will find out what do you need to become a Budget Analyst and what it takes to become one.

After reading this, you will be able to plan for your future if you want to be a Budget Analyst.



Degree required

Recommended degree level

Bachelor’s Degree

Bachelors degree
65.07%

Master’s degree
11.28%

High School Diploma
7.69%

Associates degree
6.47%

Some college courses
5.55%

Generally, employers are looking for Budget Analysts who have a Bachelors degree. They also prefer someone who is good in Reading Comprehension and Active Listening.

1 common question that we always get is what major or degree do I need to become A Budget Analyst or what courses do I need to take.

We did a survey to ask other Budget Analysts what did they major in college or university and here are the most popular majors that came up.

Accounting
Accounting and Finance
Finance, General
Public Finance

Employers generally require budget analysts to have at least a bachelor’s degree. However, some employers may require candidates to have a master’s degree. Because developing a budget requires strong numerical and analytical skills, courses in statistics or accounting are helpful.



Schools

schools for Budget Analysts

Interested in becoming A Budget Analyst? Find the right schools that can help you to become one. You will need some of your details to get you matched with the right college or university. This service is free thanks to our sponsors.

Questions to ask the university or college:

  1. How many students are in the program?
  2. Is your program accredited?
  3. How many faculty members do you have? Do they hold the right credentials?
  4. What is your job placement rate?
  5. Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
  6. How many of your students have at least one internship by graduation?

Click to start becoming a Budget Analyst




How long does it take

Difficulty
Quite Hard

You will need a considerable amount of work-related skill, knowledge or experience to be A Budget Analyst.

For example: An accountant must complete 4 years of college and work for several years in accounting to be considered qualified.

To become A Budget Analyst, you will need several years of work-related experience, on-the-job training or vocational training.


How long does it take
2 1/2 to 5 years


Work experience
2 to 4 years

2 to 4 years
37.09%

1 to 2 years
29.16%

4 to 6 years
9.64%

6 months to 1 year
6.03%

Over 10 years
5.55%

Job training
6 months to 1 year

6 months to 1 year
28.22%

3 to 6 months
23.08%

1 to 3 months
18.2%

1 to 2 years
15.66%

0 to 1 month
7.02%

Most Budget Analysts have 2 to 4 years work experience and 6 months to 1 year job training.

To increase your chances of getting a job, you can look for job training while studying to be one.



License and certifications

Do you need any license or certification
Recommended but not required


Government budget analysts may earn the Certified Government Financial Manager credential from the Association of Government Accountants. To earn this certification, candidates must have a minimum of a bachelor’s degree, 24 credit hours of study in financial management, 2 years of professional-level experience in governmental financial management, and they must pass a series of exams. To keep the certification, budget analysts must take 80 hours of continuing education every 2 years.



Skills required

We asked other Budget Analysts if they could only have 5 skills, what would they be. Here is what they said.

1. Reading Comprehension what does this mean
2.Active Listening what does this mean
3.Speaking what does this mean
4.Critical Thinking what does this mean
5.Judgement and Decision Making what does this mean
= Hot in-demand that most employers are looking for

We did some research and found that most successful Budget Analysts have these 5 common characteristics. Most of them had Attention to Detail and Integrity.

1.Attention to Detail
2.Integrity
3.Dependability
4.Analytical Thinking
5.Cooperation




Knowledge required

Just like any other job, you will need some know-hows to do the job. To become a successful Budget Analysts you need to acquire knowledge in these 5 key areas.

1. Economics and Accounting what does this mean
2.English Language what does this mean
3.Mathematics what does this mean
4.Administration and Management what does this mean
5.Computers and Electronics what does this mean

As A Budget Analyst, you may also be required to know how to use certain Accounting software, Enterprise resource planning ERP software and Financial analysis software tools.

Accounting software (Accounting software)
Adaptive Planning (Enterprise resource planning ERP software)
Budget monitoring systems (Financial analysis software)
Budgeting, forecasting, and planning software (Enterprise resource planning ERP software)
Business Objects Data Integrator (Development environment software)
= Hot in-demand that most employers are looking for




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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 Requirements

Budget Analysts requirements, how to become Budget Analysts, degree required to be a Budget Analyst, Budget Analysts license and certifications, majors to be a Budget Analyst, is it hard to become a Budget Analyst and how long does it take

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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