dcsimg

Budget Analyst

Budget analysts assist management in deciding how to allocate resources and estimate future financial requirements by developing, analyzing, and executing budgets. Their main task is to determine how to most efficiently distribute financial resources within private, non-profit, or government organizations. They examine budget estimates or proposals submitted by managers and department heads, and determine their completeness, accuracy, and conformance with established procedures, regulations, and organizational objectives. They may perform cost-benefit analysis, examine past budgets, research exterior economic developments. They then consolidate the various department's budgets into a budget summary and submit the summary to senior management.

Job Skills

Budget analysts should have strong analytical and statistical skills, as well as be familiar with word processing, financial software packages, and other computer applications such as electronic spreadsheets, databases, and graphics software. They must have strong written and oral communication skills because they are required to prepare, present, and defend budget proposals. They must also be able to handle the pressure that comes from working under strict time deadlines.

Income

In 2002, budget analysts earned a median annual salary of $52,480. Earnings ranged from the lowest 10%, who earned less than $34,580, and the highest 10%, who earned more than $82,720. Starting salaries in small, private companies ranged from $29,750 to $36,250. Starting salaries in the Federal Government ranged from $23,442 to $29,037. Candidates with master's degrees usually start around $35,519. In 2003, the average salary for Federal Government budget analysts was $62,400.

Training and Education

While private and government employers require at least a bachelor's degree, many require candidates to have a master's degree. In some cases, a degree in a field that closely matches the industry of the employer may suffice as qualification for employment. Some employers prefer candidates with degrees in business, while others prefer those with majors such as political science, economics, public administration, or public finance. Some work experience related to budget or finance can substitute for formal degrees. Entry-level employees may receive on-the-job training, while others are trained by working through a 1-year budget cycle. Federal, State, and local government budget analysts can become certified as a Certified Government Financial Manager (CGFM) through the Association of Government Accountants, which requires a bachelor's degree, 24 hours of financial management study, 2 years of experience in government work, and successful passing of three exams.

Employment

In 2002, budget analysts held about 62,000 jobs. 46% were employed by Federal, State, and local governments. 20% worked for the Federal government, and others worked in manufacturing, financial services, or management services.

Job Outlook

Between 2002 and 2012, the number of budget analysts is expected to increase about as fast as the average. Growth will be due to demand for quality accounting advice in all sectors of the economy, as well as to workers who retire, change occupations, or leave the labor force for other reasons. Computer automation has increased productivity, but budget analysts' jobs have become more complicated because of the increase in information available. The complexity of their jobs and the increased importance given to financial management will offset any adverse effects of computer automation. Job prospects will best for those candidates with master's degrees, as well as those who are proficient in computer financial software packages.


Budget Analyst Training

Refine School Matches
Hide filters
  • SUBJECT Clear All

  • DEGREE

    See More

  • PROGRAM TYPE

  • START TIME

    LOCATION
    Please enter valid US or Canada Zip.
            Results open in new window

            Searching Searching ...

            Matching School Ads
            BS in Business - Finance
            • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
            • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
            • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
            • Offers over 230 programs online, from the certificate to the doctoral level.
            • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
            Show more [+]
            • Accredited
            • Online Courses
            • Financial Aid
            • Transferable Credits
            MBA - Finance/Accounting

            What They’re Known For

            Founded in 1946 and located in the heart of central New York, Utica College is a regionally accredited, independent, private institution that features many of the advantages of a large university — such as undergraduate and graduate degree options, excellent academics, and outstanding faculty — with the intimacy and high degree of personal attention more closely associated with smaller private institutions.


            • Online Courses
            MBA - Master of Business Administration - Finance
            • A private, Christian, liberal arts university open to students of any faith.
            • Accredited by the Northwest Commission on Colleges and Universities.
            • Average class size is 20 students.
            • 97% of students receive financial aid, with the average freshman receiving $10,000.
            • Has been educating students since 1905.
            • Offers over 25 undergraduate degree programs. 
            Show more [+]
            • Online Courses
            Financial Management - PhD in Bus. Admin.
            • Ranked among the Best Online Bachelor's Programs in 2014 by U.S. News & World Report.
            • Implements a one-to-one teaching model, partnering one student with one faculty member in each course.
            • 100% of faculty members hold doctoral degrees.
            • No physical residency requirements, allowing students to pursue their degree online.
            • Committed to innovation, diversity, excellence, and accountability since its founding in 1996.
            • Offers several programs in business, education, psychology, and more.
            Show more [+]
            • Online Courses
            • Financial Aid
            • Transferable Credits
            Business Administration - Finance (BS) (Online)
            • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
            • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
            • Offers several flexible learning options, including a blended format that combines campus and online learning.
            • Several scholarship opportunities are available for students who qualify.
            • Features a competency-based MBA program that allows students to test out of subjects based on prior professional experience.
            Show more [+]
            • Online Courses
            • Flexible Scheduling
            • Financial Aid
            • Transferable Credits
            Certificate: Finance
            • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
            • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
            • About 800 students are enrolled at the main campus, and about half of them commute.
            • Online courses help make it possible for students to earn a bachelor’s degree in as little as 24 months and a master’s degree in 12-18 months.
            Show more [+]
            • Online Courses
            • Flexible Scheduling
            • Accelerated Programs
            • Financial Aid
            • Transferable Credits
            MBA Finance

            See What’s Possible When You Earn a Degree at Florida Tech 100% Online

            Whatever your motivation for considering an undergraduate or graduate degree, Florida Tech offers programs online that can meet your needs. Here are a few reasons Florida Tech may be the right choice for you.

            • Online Courses
            Certificate - Business Administration (Accounting)
            • Many programs require externships, allowing students to gain real-world experience.
            • Approved A+ rating from the Better Business Bureau (BBB) since 1984.
            • Offers 22 accelerated, career-focused program options including business administration, medical assisting, and more.
            • Regionally accredited by the Western Association of Schools and Colleges (WASC).
            • 11 campuses across California, with an online division as well.
            Show more [+]
            • Financial Aid
            Master of Governmental Accounting (Online)
            • Ranked among the Best Business Schools in 2015 by U.S. News and World Report.
            • Ranked the #1 Public MBA program in the NYC region in 2014 by the U.S. News and World Report.
            • Educates about 4,500 undergraduate and graduate students per academic year at two campuses in New Jersey as well as five satellite locations in New Jersey and Singapore.
            • The only public university in New Jersey in the Association of American Universities (AAU), a group comprising of North America’s 63 leading research universities.
            Show more [+]
            • Online Courses
            • Accelerated Programs
            • Financial Aid
            • Transferable Credits
            Accounting
            Good for Working Adults
            • A part of the Select Education Group (SEG).
            • Offers several scholarship and financial aid opportunities for students who qualify.
            • California campuses accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC), and accreditation for the Salem campus from the Accrediting Council for Continuing Education and Training (ACCET).
            • 4 Campuses located in Clovis, Modesto, and Redding in California, and Salem, Oregon.
            Show more [+]
            • Accredited
            • Flexible Scheduling
            • Financial Aid
            • Transferable Credits