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

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

Budget Analysts

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

$79830
Salary
68%
Job Satisfaction
Hard
Becoming One
Low
Job Growth
Suitable Personality

Budget Analysts

Salary, Job Description, How To Be One and More


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.


    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
    $79830 per year

    Average hourly wage
    $38 per hour


    Budget Analysts with little to no experience tend to make between $49860 and $60720 while the more experienced ones can earn over $96250 per year.

    Top 5 paying statesHourlyAnnual
    DC$48$100,510
    VA$44$91,000
    CA$44$90,780
    MD$43$89,940
    MA$41$85,320

    One 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, CA, MD and MA.

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

    Three 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.



    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 Bachelor’s Degree followed by an Associate’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

    Read more about how to become a Budget Analyst and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being a Budget Analyst.

    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 work-related skill, knowledge, or experience is required for this career.



    What is the job like

    Job satisfaction
    68%

    Is this job meaningful
    56%


    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 Entrepreneurs


    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.



    How we can help

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    Related 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, careers in Business and Finance

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