Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Salary Information for Budget Analysts

Career News October 30, 2013

Budget analysts are in charge of analyzing account records and repairing systems that need efficient changes. They implement programs to improve budgeting, minimize spending, and ensure compliance to all limits of the state, federal government, or within the company culture itself.

Budget analysts typically make good money; the median average is just over $75,000. The lowest bracket of workers, equally to 10 percent of the total, earned about $46,000 while the top tier of workers, 10 percent of the total, earned $145,000. The salary spike seemed to happen in large or wealthy cities, including New York, San Francisco, and even Bridgeport, Connecticut. The salary range has consistently gone up on average, rising nearly $12,000 since 2002.

The Job Market and Salary

The budget analyst profession is expected to grow 10 percent over the next several years, about average for all professions, but a job that is increasing in demand. Budget analysts, who do hold jobs, are hard to replace, especially as the daily tasks are becoming more complex. More complicated systems and statistical techniques are required, and more jobs are being added to the job description.

Whenever there are budget cutbacks, a trend in almost every business nowadays, public funding is limited, and the budget analyst position goes up in demand. This means job stability. There are an estimated 68,000 jobs that will become available from now and until 2020. Understand that your salary will be partly determined by where you work, the channel and sub-field of your choice. There are budget analysts working in government, as well as at the university level. There are office workers and corporate analysts.

Naturally, the more obligations you have, the higher salary you get. If you have to travel, and traveling is common in this profession, then you will be handsomely rewarded. Federal jobs, educational jobs and state office positions typically pay more than small to mid-range companies. Government jobs are also the most common you will find, as they represent over 20 percent of available positions.

Why Education Matters

A college background is recommended for this position, particularly from government agencies who will expect a bachelor’s degree. Some managers and company owners may request clients with master’s degrees, as they bring something extra to the table, an asset the company can use. Work experience, particularly in the finance industry, can also be invaluable and perhaps make up for a lack of extensive college schooling.

Besides this, certification is an area of concern, and Certified Government Financial Managers, as titled by the Association of Government Accountants, can go a long way. This certification requires continuing education, at least 80 hours every two years.

This is a job that rewards planners and strategists, just as it rewards those who work hard in their efforts to stay on top of financial matters. This may be just what you need to find the career you want, one that pays well and that will keep you challenged and appreciated by your peers.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • View Associates, Bachelors or Graduate Degree Programs in Business Near YOU!
  • Enter YOUR Needs and Requirements. Get Matched to the Perfect Campus or Online Degree Programs for You.
  • Free information for Business Administration and Management, Accounting, Marketing and Advertising, Business Information Systems Degree Programs and MORE.
  • Accredited, Flexible Business Administration and Management Degree Programs to Fit Your Time and Budget. Use our Matching Service - It's Easy and FREE!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • eLearners.com Helps You Find the Right College within Minutes. 100% Free Match to Top Colleges.
  • Get Matched to the Perfect Business Degree Programs from Top Colleges Here.
  • Learn at Your Own Pace and Get Qualified to Pursue a Career You'll Love.
  • Answer a few questions and you are one step closer to enroll in a Top College!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!