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.
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.
$75150 per year
$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 states||Hourly||Annual|
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).
Recommended degree level
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.
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.
|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 |
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Budget Analyst as your career.
|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)|
|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
Is this job meaningful
40 hours per week
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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They analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
They conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.
They conduct quantitative analyses of information affecting investment programs of public or private institutions.
They analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
They examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
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Career type Business and Finance
Business Analysis, Business Financial Management and Accounting
Financial and Investment Planning
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