Budget Analysts: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

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




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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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Accountant, Accounting Supervisor, Budget Analyst, Budget and Policy Analyst, Budget Coordinator, Budget Engineer, Budget Examiner, Budget Manager, Budget Officer, Chief Financial Officer (CFO)

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