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Budget Analysts
Budget Analysts examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Table of Contents
Job description
Budget Analysts examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
- Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
- Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
- Direct the preparation of regular and special budget reports.
Salary
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 states | Hourly | Annual |
|---|---|---|
| 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
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 |
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
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
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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Learn more about Budget Analysts
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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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