Budget Analysts


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Budget Analysts

Budget Analysts


What’s Needed:

  • Some employers hire budget analysts who hold only a Bachelor in Arts (B.A.) degree in finance economics or business.
  • Many employers prefer to hire individuals who hold a master’s degree and pursue continuing education.

What you study:

You’ll study all of the following while pursuing your finance degree:

  • Business Finance
  • Macroeconomics
  • Economic Analysis for Business
  • Principles of Accounting
  • Professional Ethics
  • Business Law

A Day in the Life

You perform budget analysis tasks on behalf of a company or government agency.

Your day as a budget analyst begins when the company you work for opens its doors. Before you head to your office you check in with the VP of sales to confirm that you’re going over new budgeting strategies this afternoon. You remind the executive that you emailed budget information to him last night and suggest that you he review it before your meeting in case he has any questions.

When you get to your office you check in with the administrative staff in the financial department to collect your phone messages. You quickly review them and see that none are urgent. You check the messages on your direct line and make a note to call one of your satellite location’s managers about a question he has about a labor budgeting plan that was put into place last week.

You’ll prepare cost-benefits analyses and will explain results to executives.

After you’ve caught up with your emails and messages you begin working on a cost-benefit analysis for a new investing program that your company’s CEO is considering pursuing. It’s your job to carefully review how the new program might affect the company’s financial standing. You’ll run projections and will then present them to the CEO and other executives so that they understand the pros and cons of the new project.

It’s your responsibility to help all managers understand new budget procedures.

While you are working on the analysis a marketing department manager comes into your office and asks if he can speak with you about the new technology and training budget. You help him understand how much money his department has been allotted. You schedule an appointment with him tomorrow morning to help him strategize how to make the most of the new budget.

You grab a quick lunch in your office so that you can finalize the report you’ll present to the VP of sales this afternoon. It’s important that you can help him understand the company’s budget options so that he can pick the budget best suited to his department’s growth goals. Once a new budget is implemented you’ll guide key employees through its provisions and will let them know if how they request or report funding has changed.

You ensure your company’s financial wellbeing by making intelligent budgeting decisions.

You head to the VP’s office for your meeting. He has outlined his concerns about the budget plans that you’ve presented so you answer them to the best of your ability. Once you’ve agreed on the two most plausible plans you tell him you’ll do a cost-benefits analysis and schedule to meet with him again in a few days. When you return to your office your administrative assistant gives you your mail and lets you know that he’s just finished compiling a presentation binder for the CEO.

Instead of having your assistant deliver the binder you do so yourself. You take pride in your work and want the CEO to know that you’re available to answer any questions he might have and that you’re looking forward to going over cost-benefits analyses later in the week. After you’ve organized your desk you go home for the night.

Certifications and Licensing

While no formal certification is needed to work as a budget analyst many government employers prefer that employees hold the Certified Government Financial Manager (CGFM) certification awarded by the Association of Government Accountants (AGA).

Job Flexibility

Full-time versus part-time:

Most budget analysts work full time hours. However overtime may be necessary when approaching budget deadlines or final reviews.

Work location:

As a budget analyst you may work for a private corporation government agency or nonprofit organization. The majority of your work will be completed in a traditional office environment.

Recommended Websites

  • American Association for Budget and Program Analysis: The AABPA’s website provides career development information budget-related publications and resources especially for students. Those individuals who are considering graduate-level study in this field will find the student section of the site particularly helpful.
  • Bureau of Labor Statistics Occupational Outlook Handbook for Budget Analysts: This U.S. Department of Labor publication offers general information about careers in this field. Students who want to learn more about career outlooks and salary averages should consult this site.
  • Association of Government Accountants: AGA’s website features a career center that both experienced analysts and newcomers to the field will find valuable. In addition to a variety of professional tools and resources the site also provides information about earning the Certified Government Financial Manager (CGFM) designation.

Salaries by City

See typical salaries and ranges for this career below*. Shift click to sort by more than one column — for example first shift-click on state and then shift-click on salary to find best and worst salaries in each state.

StateCity / RegionTypical SalarySalary RangeJob Count% of All Jobs
AKAnchorage$75240$55K – $115K1400.08%
AKFairbanks$66880$54K – $79K400.12%
ALBirmingham – Hoover$60630$40K – $96K1500.03%
ALHuntsville$79140$50K – $108K6300.31%
ALMobile$64750$49K – $87K500.03%
ALMontgomery$56940$39K – $90K1400.09%
ARFayetteville – Springdale – Rogers$65970$38K – $90K400.02%
ARLittle Rock – North Little Rock – Conway$41280$31K – $71K3800.11%
AZPhoenix – Mesa – Glendale$66250$45K – $92K6600.04%
AZTucson$58140$41K – $75K1500.04%
CABakersfield – Delano$76110$58K – $104K1600.06%
CAFresno$61540$35K – $95K1700.05%
CALos Angeles – Long Beach – Glendale (Metro Area)$74680$49K – $109K26900.07%
CAModesto$67210$49K – $89K400.03%
CAOakland – Fremont – Hayward (Metro Area)$85180$53K – $121K9500.10%
CAOxnard – Thousand Oaks – Ventura$58270$36K – $102K1800.06%
CARiverside – San Bernardino – Ontario$62050$39K – $96K5700.05%
CASacramento – Arden – Arcade – Roseville$68400$54K – $99K7200.09%
CASalinas$63600$44K – $95K700.05%
CASan Diego – Carlsbad – San Marcos$75670$46K – $106K7200.06%
CASan Francisco – San Mateo – Redwood City (Metro Area)$83210$54K – $130K12000.12%
CASan Jose – Sunnyvale – Santa Clara$87340$60K – $119K6700.08%
CASanta Ana – Anaheim – Irvine (Metro Area)$83080$57K – $116K8900.06%
CASanta Barbara – Santa Maria – Goleta$77360$56K – $108K1300.08%
CASanta Cruz – Watsonville$70450$48K – $86K400.05%
CASanta Rosa – Petaluma$82550$46K – $109K400.03%
CAStockton$68430$47K – $100K600.03%
CAVallejo – Fairfield$83820$64K – $107K500.04%
CAVisalia – Porterville$50170$31K – $82K400.03%
CAYuba City$69320$57K – $90K300.09%
COBoulder$74320$58K – $104K600.04%
COColorado Springs$68890$51K – $99K1900.08%
CODenver – Aurora – Broomfield$76300$52K – $109K7400.06%
COFort Collins – Loveland$73940$54K – $91K500.04%
CTBridgeport – Stamford – Norwalk$72640$38K – $94K1500.04%
CTHartford – West Hartford – East Hartford$78470$59K – $100K6700.12%
CTNew Haven$85530$59K – $114K900.03%
CTNorwich – New London$71770$51K – $97K300.02%
DCWashington – Arlington – Alexandria (Metro Area)$89030$57K – $116K42300.18%
DEDover$53830$41K – $82K700.11%
DEWilmington (Metro Area)$73500$48K – $94K1000.03%
FLCape Coral – Fort Myers$58850$37K – $91K300.02%
FLCrestview – Fort Walton Beach – Destin$64020$47K – $90K1700.24%
FLDeltona – Daytona Beach – Ormond Beach$55680$40K – $81K400.03%
FLFort Lauderdale – Pompano Beach – Deerfield Beach (Metro Area)$60230$39K – $107K2100.03%
FLGainesville$52180$40K – $72K1500.12%
FLJacksonville$57420$35K – $86K1900.03%
FLMiami – Miami Beach – Kendall (Metro Area)$67550$44K – $99K3200.03%
FLNorth Port – Bradenton – Sarasota$60240$44K – $89K400.02%
FLOrlando – Kissimmee – Sanford$59550$40K – $90K2100.02%
FLPalm Bay – Melbourne – Titusville$63150$41K – $86K900.05%
FLPanama City – Lynn Haven – Panama City Beach$59310$47K – $87K300.04%
FLPensacola – Ferry Pass – Brent$61190$35K – $79K500.03%
FLTallahassee$47670$34K – $76K2100.13%
FLTampa – St. Petersburg – Clearwater$69750$47K – $98K4000.04%
FLWest Palm Beach – Boca Raton – Boynton Beach (Metro Area)$59770$42K – $89K1200.02%
GAAthens – Clarke County$49040$41K – $82K400.05%
GAAtlanta – Sandy Springs – Marietta$70380$41K – $103K12200.05%
GAAugusta – Richmond County$73400$47K – $107K1000.05%
GAColumbus$61230$45K – $83K1000.09%
GAMacon$58880$41K – $83K400.05%
GASavannah$59300$44K – $80K600.04%
GAWarner Robins$77990$59K – $98K500.09%
HIHonolulu$70320$50K – $101K3200.07%
IADavenport – Moline – Rock Island$80030$57K – $104K700.04%
IADes Moines – West Des Moines$71850$51K – $93K1400.04%
IDBoise City – Nampa$63940$46K – $92K800.03%
ILBloomington – Normal$66790$45K – $102K400.05%
ILChicago – Joliet – Naperville (Metro Area)$76880$51K – $109K10000.03%
ILLake County – Kenosha County (Metro Area)$69020$45K – $99K1100.03%
ILSpringfield$52570$41K – $78K600.05%
INIndianapolis – Carmel$60790$43K – $93K2200.02%
KSManhattan$61220$49K – $83K400.07%
KSTopeka$66070$52K – $93K400.04%
KSWichita$75670$52K – $93KN/AN/A
KYLexington – Fayette$58100$42K – $88KN/AN/A
KYLouisville – Jefferson County$55690$40K – $89K2600.04%
LABaton Rouge$61910$47K – $100K1900.05%
LANew Orleans – Metairie – Kenner$59490$44K – $92K1100.02%
LAShreveport – Bossier City$63530$39K – $101K400.03%
MABoston – Cambridge – Quincy (Metro Area)$74470$52K – $109K12900.08%
MAFramingham (Metro Area)$75310$54K – $114K900.06%
MALowell – Billerica – Chelmsford (Metro Area)$81690$50K – $113K600.05%
MASpringfield$65390$49K – $90K900.03%
MAWorcester$54670$39K – $86K2500.10%
MDBaltimore – Towson$68020$44K – $110K11600.09%
MDBethesda – Rockville – Frederick (Metro Area)$90670$60K – $122K6000.11%
MEPortland – South Portland – Biddeford$57880$42K – $84K400.02%
MIAnn Arbor$64150$48K – $84K500.03%
MIDetroit – Livonia – Dearborn (Metro Area)N/AN/A – N/A4000.06%
MIFlint$66090$40K – $94K400.03%
MIGrand Rapids – Wyoming$63290$42K – $102K500.01%
MILansing – East Lansing$64160$52K – $64K8000.41%
MIWarren – Troy – Farmington Hills (Metro Area)$74650$48K – $94K1900.02%
MNMinneapolis – St. Paul – Bloomington$73960$45K – $108K3900.02%
MOJefferson City$49400$32K – $68K600.08%
MOKansas City$65140$45K – $90K3000.03%
MOSt. Louis$71100$51K – $98K9800.08%
MSGulfport – Biloxi$61890$47K – $81K400.03%
MSJackson$55790$33K – $85K1200.05%
MTMissoula$50470$35K – $90K400.07%
NCAsheville$50850$41K – $77K300.02%
NCCharlotte – Gastonia – Rock Hill$63140$38K – $92K1400.02%
NCDurham – Chapel Hill$67890$49K – $104K$71,540$48K – $112K1,5400.03%
NYPoughkeepsie – Newburgh – Middletown$68,300$54K – $96K600.02%
NYRochester$61,210$48K – $102K2100.04%
NYSyracuse$64,810$49K – $97K900.03%
OHAkron$54,990$41K – $89K400.01%
OHCincinnati – Middletown$59,590$39K – $105K3100.03%
OHCleveland – Elyria – Mentor$60,830$42K – $93K2800.03%
OHColumbus$76,090$52K – $95K6800.07%
OHDayton$72,400$52K – $94K1800.05%
OHToledo$56,430$42K – $76K600.02%
OKLawton$63,150$52K – $80K700.16%
OKOklahoma City$66,810$40K – $88K3400.06%
OKTulsa$57,410$40K – $86K1300.03%
OREugene – Springfield$67,470$47K – $91K500.04%
ORPortland – Vancouver – Hillsboro$68,590$52K – $106K4000.04%
ORSalem$64,130$48K – $81K2300.16%
PAAllentown – Bethlehem – Easton$66,390$45K – $92K600.02%
PAHarrisburg – Carlisle$58,250$45K – $87K3000.10%
PAPhiladelphia (Metro Area)$72,390$51K – $106K8900.05%
PAPittsburgh$63,620$44K – $93K2800.03%
PAScranton – Wilkes – Barre$49,110$36K – $77K800.03%
PAYork – Hanover$55,850$36K – $109K400.02%
PRSan Juan – Caguas – Guaynabo$38,340$20K – $63K3900.05%
RIProvidence – Fall River – Warwick$53,540$34K – $95K3800.07%
SCCharleston – North Charleston – Summerville$64,260$47K – $91K1500.05%
SCColumbia$65,690$51K – $89K1400.04%
SCGreenville – Mauldin – Easley$69,660$52K – $94K600.02%
SDSioux Falls$61,210$42K – $86K300.02%
TNChattanooga$86,800$42K – $141K500.02%
TNClarksville$61,220$45K – $85K700.08%
TNKnoxville$70,970$46K – $107K900.03%
TNMemphis$58,440$45K – $91K900.02%
TNNashville – Davidson – Murfreesboro – Franklin$65,480$44K – $93K4000.05%
TXAustin – Round Rock – San Marcos$57,430$43K – $87K5200.06%
TXDallas – Plano – Irving (Metro Area)$66,730$42K – $103K7700.04%
TXEl Paso$60,620$40K – $87K1200.04%
TXFort Worth – Arlington (Metro Area)$70,790$44K – $96KN/AN/A
TXHouston – Sugar Land – Baytown$72,500$45K – $122K7800.03%
TXKilleen – Temple – Fort Hood$63,140$48K – $83K1000.08%
TXSan Antonio – New Braunfels$66,970$49K – $93K5800.07%
TXWaco$47,370$34K – $78K500.05%
UTOgden – Clearfield$73,400$53K – $97K1700.09%
UTSalt Lake City$67,680$51K – $89K1500.02%
VACharlottesville$59,750$44K – $78K500.05%
VARichmond$66,330$48K – $91K3500.06%
VARoanoke$62,470$45K – $89K500.04%
VAVirginia Beach – Norfolk – Newport News$69,140$49K – $95K4700.07%
VTBurlington – South Burlington$53,820$42K – $78K600.05%
WAOlympia$63,750$52K – $83K1900.21%
WASpokane$65,650$52K – $92K600.03%
WATacoma (Metro Area)$69,420$52K – $93K1400.05%
WIMadison$63,010$50K – $85K2100.06%
WIMilwaukee – Waukesha – West Allis$68,560$47K – $95K1800.02%
WVCharleston$52,200$29K – $93K300.02%
WYCheyenne$59,590$50K – $77K400.10%