Career Detail

Budget Analyst
“How to Spend the Money”
Develop, analyze, and execute the budget for businesses, organizations, and governments.
The Job
Efficiently distributing limited financial resources is an important challenge in all organizations. In private sector firms, a budget analyst's main responsibility is to examine the budget and seek new ways to improve efficiency and increase profits. In nonprofit and governmental organizations, which usually are not concerned with profits, analysts try to find the most efficient way to distribute funds and other resources among various departments and programs. Analysts examine budget estimates and proposals for completeness; accuracy; and conformance with established procedures, regulations, and organizational objectives.
Work Environment
Budget analysts usually work in a comfortable office setting. They spend the majority of their time working independently. Some budget analysts travel to obtain budget details first-hand.
College Majors
accounting, finance, business, public administration, economics, statistics, political science, or sociology
Minimum Qualifications
A bachelor's degree usually is the minimum educational requirement for budget analyst jobs, but some organizations prefer or require a master's degree.
Personality traits helpful for this career
Heavy attention to detail, analytical skills
Quick Facts
  • About 44 percent of all budget analysts work in Federal, State, and local governments.
  • Budget analysts usually are less vulnerable to layoffs than many other types of workers.
Compensation and Outlook
Wages of budget analysts vary by experience, education, and employer. Median annual wages of budget analysts in May 2008 were $65,320. The middle 50 percent earned between $52,290 and $82,150. The lowest 10 percent earned less than $42,470, and the highest 10 percent earned more than $100,360. The average annual salary in March 2009 for budget analysts employed by the Federal Government was $80,456.
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