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.

Financial Analysis

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.


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.


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


    See More



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

            Searching Searching ...

            Matching School Ads
            5 Program(s) Found
            • 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
            4 Program(s) Found
            • 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
            3 Program(s) Found
            • Offers several scholarship opportunities for students who qualify.
            • Laptop computers are issued to each student at the beginning of their program.
            • Provides programs in health care, business, information technology, and graphic arts.
            • Respiratory Therapy program is accredited by the Commission on Accreditation for Respiratory Care (CoARC).
            • Accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC).

            Our family of non-profit colleges admits students of any race, color, and national or ethnic origin.

            Show more [+]
            • Accredited
            • Accelerated Programs
            • Financial Aid
            2 Program(s) Found
            • 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
            1 Program(s) Found
            • Offers career placement assistance services to recent graduates.
            • Approved to accept international students who wish to study in the United States.
            • Programs include Medical Office Specialist, Medical Assistant, Dental Lab Technician, and Healthcare Administration.
            • Accredited by the Accrediting Bureau of Health Education Schools (ABHES).
            • Main campus is located in Van Nuys, California, north of Los Angeles.
            Show more [+]
            Good for Working Adults
            • Flexible Scheduling
            • Financial Aid