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.

  • 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
  • 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

Average Years of Experience

0 - 1
33%
2 - 4
40%
5 - 7
8%
8+
19%

Common Skill Sets

Budgetary
Responses
Security Clearance
Estimates
Microsoft EXCEL
Dd
Writing
Formulate

Budget Analyst Seniority Levels

Financial Analyst
32% made the transition
Financial Consultant
6% made the transition
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Budget Analyst Salaries

Average Base Pay

$72,349 /yr
Same as national average
Not including cash compensation
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$54K
Median: $72K
$97K
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Glassdoor Estimated Salary

Budget Analyst jobs

Budget Analyst Interviews