What does a Budget Analyst do?

Budget Analysts work across a wide range of employers. They can be found advising for educational institutions, government entities, and the private sector. Their primary role is to collect and interpret data to gain a broader insight into a client's current financial situation. With this information, a client can then plan a course of action to correct down-trends or sustain growth in their company

Budget Analysts typically are required to possess a bachelor's degree in Accounting, Finance or related field. Senior and high-profile positions will require an advanced degree such as a Masters or Doctorate. For some Federal and State jobs a simple four-year degree from an accredited college is sufficient to be employed in a low-level position. This particular field requires intense computations and analytics. Possessing a degree centered around Math and or Statistics is a significant advantage in the industry.

What responsibilities are common for Budget Analyst jobs?
  • Collaborate with senior staff and department heads to develop an analysis strategy
  • Look over pre existing and past budgets to identify weaknesses
  • Request financial analysis reports from the head of every department
  • Collate, analyse and interpret data to develop a snapshot of existing financial operations
  • Identify inefficiencies or problem areas to be improved
  • Present findings to COO or board of directors
  • Advise senior staff as to what improvements can be made
  • Oversee the role out of strategic financial changes
What are the typical qualifications for Budget Analyst jobs?
  • bachelor's in Accounting, Statistics or Finance (preferred)
  • Certified Personal Accountant (preferred)
  • Advanced Degree (preferred)
  • Certified Government Financial Manager (preferred)
  • A background in a budgetary roll
  • Strong computational and mathematical abilities
  • Robust interpersonal skills - Must be a people person
  • A good eye for detail
  • Ability to pass a background check
Education--
Work/Life Balance
3.6 ★
Total Pay--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

How much does a Budget Analyst make?

Confident
$72,776 /yr
Total Pay
$68,328
 /yr

Base Pay

+
$4,448
 /yr

Additional Pay

$72,776

 / yr
$50K$107K
Most Likely Range
Possible Range
See More Insights

Budget Analyst Career Path

Learn how to become a Budget Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Budget Analyst

Years of Experience Distribution

0 - 1
33%
2 - 4
40%
5 - 7
8%
8+
19%
Not including years spent in education and/or training

Budget Analyst Insights

Read what Budget Analyst professionals have to say about their job experiences and view top companies for this career.
Fresno StateFresno State
Budget Analyst
Sep 2, 2021

“Job Security is good and consistent.”

Chicago Housing AuthorityChicago Housing Authority
Budget Analyst
Jun 14, 2022

“Good good good good good”

State of LouisianaState of Louisiana
Budget Director
Jun 30, 2021

“I love what I do and the benefits are great”

QatarEnergyQatarEnergy
Senior Budget Analyst
Sep 11, 2022

“Lacking career development and effective change menagement”

Metropolitan State University of DenverMetropolitan State University of Denver
Budget Assistant
Jul 5, 2020

“I worked here as a student employee and they put my class schedule first while allowing me to change my hours for other jobs.”

City of New YorkCity of New York
Budget Analyst
Jan 14, 2021

“Starting pay isnt great but you have good benefits”

Délégation interministérielle aux jeux Olympiques et ParalympiquesDélégation interministérielle aux jeux Olympiques et Paralympiques
Budget Intern
Jan 5, 2021

“Compensation for interns was not great”

US Bureau of Labor StatisticsUS Bureau of Labor Statistics
Budget Analyst
Mar 27, 2022

“Great career opportunity working here”

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Budget Analyst Interviews

Frequently asked questions about the roles and responsibilities of a Budget Analyst

The most similar professions to Budget Analyst are:
  • Financial Analyst
  • Financial Manager
  • Finance Manager
  • Controller

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Budget Analyst Jobs