Budget Analyst
What Does it Take to Be a Budget Analyst?
Budget Analyst Example Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Responsibilities
- Interpret budget directives and establish policies for carrying out directives.
- Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
- Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.
- Review operating budgets to analyze trends affecting budget needs.
- Direct the preparation of regular and special budget reports.
- Seek new ways to improve efficiency and increase profits.
Required Skills
- Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
- Speaking: Talking to others to convey information effectively.
- Mathematics: Using mathematics to solve problems.
- Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Tools & Technologies
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Access
- Email software
- Word processing software
- Spreadsheet software
- Microsoft Sharepoint
- Structured query language SQL
- Microsoft Visual Basic
- Enterprise resource planning ERP software
- Graphics software
- Oracle E-Business Suite Financials
- Oracle Hyperion
- Microsoft Dynamics GP
- Oracle PeopleSoft Financials
- Statistical software
- Fund accounting software
- Presentation software
Related Job Titles
- Cost Accountant
- Budget Examiner
- Program Analyst
- Staff Analyst
- Budget Engineer
Industry Outlook
In the United States, there were 58,400 jobs for Budget Analyst in 2016. New jobs are being produced at a rate of 6.5% which is above the national average. The Bureau of Labor Statistics predicts 3,800 new jobs for Budget Analyst by 2026. The BLS estimates 4,800 yearly job openings in this field.
Salary Range
Budget Analysts make between $49,860 and $116,300 a year. Individuals working in District of Columbia, Maryland, or Virginia tend to earn the highest salaries.