Budget analyst positions are found at a wide range of companies and organizations, as well as at all levels of government. They often report to accounting or finance managers. Job titles with similar responsibilities include cost estimators, budget accountants and management analysts.
- Job Stats
- Education and Experience Requirements
- Additional Qualifications Recommended
- Organize financial tasks
- Develop budgets
- Monitor cost and revenue trends
- Inform project managers of budget details
- Make strategic planning and resource allocation recommendations
- Employment Numbers: As of 2012, the Bureau of Labor Statistics reported 61,700 budget analyst positions nationwide.
- Salary: The Robert Half 2015 Salary Guide indicates that budget analysts working in mid-size companies, who also have one to three years of experience, can expect an annual salary of $53,000 to $71,750. Salary amounts may be higher at larger companies and for analysts with more experience.
- Projected Growth: The number of budget analyst positions available is expected to increase 6% between 2012 and 2022, which is slower than average growth across all occupations as predicted by the Bureau of Labor Statistics.
Education and Experience Requirements
- A bachelor's or master's degree in accounting, statistics, finance, business or a related field is expected.
- Five or fewer years of relevant experience is typical for entry-level budget analyst positions.
Additional Qualifications Recommended
- CPA: The Certified Public Accountant license is granted through State Boards of Accountancy. The process includes examination, as well as documentation of required education and prior experience as determined by each state.
- CGFM: The Certified Government Financial Manager credential may be preferred or required for positions in government agencies. The requirements include a bachelor's degree, three examinations, at least two years of related experience and continuing education.