The following article discusses the job of a Budget Analyst. It highlights what they do, their work environment, how to become one, training, certification & education requirements. More importantly, both national and state salary figures are included along with names of employers who have recently posted a job to hire a Budget Analyst.
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Budget analysts help private and public entities to organize their finances by preparing budget reports and monitoring how funds are spent. They advise many types of organizations – including universities, businesses and governments – on the most effective ways to manage and organize their finances.
Budget analysts also regularly assemble annual and special reports, as well as evaluate new budget proposals. They also analyze budget and financial data to determine what the costs and benefits are of different programs and recommend levels of funding based upon what is found.
Other job duties are:
- Work with project managers to come up with the budget for the organization for the year or quarter
- Review the budget proposals for managers to ensure they are complete and accurate
- Combine department and program budgets into one large budget and review funding requests
- Provide explanations for each funding request to others, including managers, legislators and the general public
- Oversee spending of the organization to ensure that it is under budget
- Study future financial needs and lay out prospective budgets
Budget analysts held roughly 61,000 jobs in the US as of 2014. The industries and sectors that employ the largest numbers of budget analysts are:
- Federal government: 20%
- State, local and private educational services: 15%
- State government: 13%
- Professional, scientific and technical services: 10%
- Local government: 10%
The duties of the budget analyst will vary considerably depending upon which sector employs them. Nonprofit and government budget analysts concentrate on finding the most efficient methods to distribute funds to departments and programs. Budget analysts in private companies mostly review the budget and find innovative ways to boost efficiency and profits.
People who want to become budget analysts should focus on high school courses in accounting, finance and statistics. Once they are in college, they can earn a bachelor’s degree in one of these fields, or possibly business administration.
Budget analysts who are employed by the federal government may enhance their career options by earning the Certified Government Financial Manager credential that is offered by the Association of Government Accountants.
Earning this credential requires a bachelor’s degree, two years of experience in government financial management, and then you must pass several exams.
Budget analysts who are employed by the federal government may enhance their career options by earning the Certified Government Financial Manager credential that is offered by the Association of Government Accountants.
Earning this credential requires a bachelor’s degree, two years of experience in government financial management, and then you must pass several exams.
Degrees required:
The national average salary estimate for Budget Analyst was $62,971. This number is estimated from over 5,500 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $32.80 and monthly of $5,248.
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$18,000
$133,000
Salary Distribution
The following section lists Budget Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, DC had the largest quoted salary of $85,518 while Arkansas had the smallest quoted salary of $47,265.
| Alaska – $72,643 (●Meets national average) | Rank: 4th |
The average salary ranks 4th among states in the country. There were also job openings from employers like U.S. Army and Workplace Alaska.
$29,000 $111,000 Salary Distribution | |
| Alabama – $65,246 (●Meets national average) | Rank: 13th |
The average salary ranks 13th among states in the country. There were also job openings from employers like ARMY CONTRACTING COMMAND, United States Department Of Defense, U.S. Air Force, and Federal Government Jobs.
$16,000 $147,000 Salary Distribution | |
| Arkansas – $47,265 (▼25% Below national average) | Rank: 51st |
The average salary ranks 51st among states in the country. There were also job openings from employers like U.S. Army, department of finance & administration, Arkansas Department Of Human Services, and Arkansas Department of Health.
$17,000 $91,000 Salary Distribution | |
| Arizona – $57,336 (▼9% Below national average) | Rank: 34th |
The average salary ranks 34th among states in the country. There were also job openings from employers like Indian Health Service, Department of the Interior, U.S. Army, and City of Tucson.
$22,000 $109,000 Salary Distribution | |
| California – $67,231 (▲7% Above national average) | Rank: 11th |
The average salary ranks 11th among states in the country. There were also job openings from employers like San Jose/Evergreen Community College District, Kern Community College District, HAYWARD UNIFIED SCHOOL DISTRICT, and Air Force Space and Missile Sys Ctr Civilian Careers.
$24,000 $131,000 Salary Distribution | |
| Colorado – $60,383 (●Meets national average) | Rank: 23rd |
The average salary ranks 23rd among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, U.S. Air Force, U.S. Army, and City and County of Denver.
$20,000 $120,000 Salary Distribution | |
| Connecticut – $62,377 (●Meets national average) | Rank: 17th |
The average salary ranks 17th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and Accountemps.
$24,000 $119,000 Salary Distribution | |
| DC – $85,518 (▲36% Above national average) | Rank: 1st |
The average salary ranks 1st among states in the country. There were also job openings from employers like Department of Labor, Inlabora, Department of Energy, and U.S. Department of State.
$28,000 $173,000 Salary Distribution | |
| Delaware – $69,035 (▲10% Above national average) | Rank: 10th |
The average salary ranks 10th among states in the country. There were also job openings from employers like Accountemps.
$29,000 $125,000 Salary Distribution | |
| Florida – $56,943 (▼10% Below national average) | Rank: 35th |
The average salary ranks 35th among states in the country. There were also job openings from employers like Broward County Public Schools, U.S. Army, U.S. Air Force, and School Board of Broward County, Florida.
$21,000 $111,000 Salary Distribution | |
| Georgia – $51,837 (▼18% Below national average) | Rank: 46th |
The average salary ranks 46th among states in the country. There were also job openings from employers like Centers for Disease Control and Prevention, U.S. Air Force, Emory University, and U.S. Army.
$14,000 $118,000 Salary Distribution | |
| Hawaii – $69,256 (▼6% Below national average) | Rank: 9th |
The average salary ranks 9th among states in the country. There were no current job openings from employers in this state.
$22,000 $141,000 Salary Distribution | |
| Iowa – $58,437 (▼7% Below national average) | Rank: 29th |
The average salary ranks 29th among states in the country. There were also job openings from employers like U.S. Army.
$19,000 $119,000 Salary Distribution | |
| Idaho – $59,082 (▼6% Below national average) | Rank: 27th |
The average salary ranks 27th among states in the country. There were also job openings from employers like Blue Cross Blue Shield and Ada County Sheriff’s Office.
$20,000 $117,000 Salary Distribution | |
| Illinois – $58,418 (▼7% Below national average) | Rank: 30th |
The average salary ranks 30th among states in the country. There were also job openings from employers like Chicago Transit Authority, Parker and Lynch, U.S. Army, and United States Department Of Defense.
$19,000 $119,000 Salary Distribution | |
| Indiana – $57,431 (▼9% Below national average) | Rank: 33rd |
The average salary ranks 33rd among states in the country. There were also job openings from employers like U.S. Army, Robert Half Finance & Accounting, and U.S. Air Force.
$26,000 $100,000 Salary Distribution | |
| Kansas – $66,131 (▼11% Below national average) | Rank: 12th |
The average salary ranks 12th among states in the country. There were no current job openings from employers in this state.
$25,000 $125,000 Salary Distribution | |
| Kentucky – $63,425 (●Meets national average) | Rank: 16th |
The average salary ranks 16th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, University of Kentucky, U.S. Army, and Federal Government Jobs.
$23,000 $122,000 Salary Distribution | |
| Louisiana – $48,732 (▼9% Below national average) | Rank: 50th |
The average salary ranks 50th among states in the country. There were also job openings from employers like State of Louisiana.
$1,200 $8,900 Salary Distribution | |
| Massachusetts – $63,839 (●Meets national average) | Rank: 15th |
The average salary ranks 15th among states in the country. There were also job openings from employers like City of Cambridge, U.S. Air Force, U.S. Army, and University of Massachusetts Boston.
$27,000 $115,000 Salary Distribution | |
| Maryland – $59,512 (▼6% Below national average) | Rank: 25th |
The average salary ranks 25th among states in the country. There were also job openings from employers like Prince George’s County, MD, Federal Government Jobs, U.S. Air Force, and U.S. Army.
$17,000 $127,000 Salary Distribution | |
| Maine – $70,041 (▲47% Above national average) | Rank: 8th |
The average salary ranks 8th among states in the country. There were also job openings from employers like Mountain, Ltd.
$18.25 $54.75 Salary Distribution | |
| Michigan – $58,254 (▼8% Below national average) | Rank: 31st |
The average salary ranks 31st among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, City of Ann Arbor, U.S. Army, and Venteon.
$23,000 $108,000 Salary Distribution | |
| Minnesota – $73,823 (●Meets national average) | Rank: 3rd |
The average salary ranks 3rd among states in the country. There were no current job openings from employers in this state.
$29,000 $137,000 Salary Distribution | |
| Missouri – $54,232 (▼14% Below national average) | Rank: 43rd |
The average salary ranks 43rd among states in the country. There were also job openings from employers like U.S. Army, Missouri House of Representatives, and Accountemps.
$17,000 $111,000 Salary Distribution | |
| Mississippi – $54,832 (▼13% Below national average) | Rank: 42nd |
The average salary ranks 42nd among states in the country. There were also job openings from employers like U.S. Army.
$27,000 $92,000 Salary Distribution | |
| Montana – $53,500 (▼15% Below national average) | Rank: 44th |
The average salary ranks 44th among states in the country. There were also job openings from employers like Department of the Interior, Federal Government Jobs, and State of Montana.
$27,000 $85,000 Salary Distribution | |
| North Carolina – $61,977 (●Meets national average) | Rank: 20th |
The average salary ranks 20th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, U.S. Army, U.S. Air Force, and National Guard.
$25,000 $115,000 Salary Distribution | |
| North Dakota – $56,268 (▼11% Below national average) | Rank: 38th |
The average salary ranks 38th among states in the country. There were also job openings from employers like Department of Health and Human Services and Indian Health Service.
$27,000 $95,000 Salary Distribution | |
| Nebraska – $51,949 (▼18% Below national average) | Rank: 45th |
The average salary ranks 45th among states in the country. There were also job openings from employers like University of Nebraska Medical Center.
$22,000 $94,000 Salary Distribution | |
| New Hampshire – $70,264 (●Meets national average) | Rank: 7th |
The average salary ranks 7th among states in the country. There were no current job openings from employers in this state.
$31,000 $124,000 Salary Distribution | |
| New Jersey – $61,777 (●Meets national average) | Rank: 22nd |
The average salary ranks 22nd among states in the country. There were also job openings from employers like Execu|Search, Rutgers University, U.S. Army, and BEYIN INFORMATION TECHNOLOGY LLC.
$28,000 $109,000 Salary Distribution | |
| New Mexico – $50,402 (▼20% Below national average) | Rank: 48th |
The average salary ranks 48th among states in the country. There were also job openings from employers like U.S. Air Force, Bernalillo County Government, Robert Half Finance & Accounting, and New Mexico State Personnel Office.
$17,000 $100,000 Salary Distribution | |
| Nevada – $62,239 (●Meets national average) | Rank: 18th |
The average salary ranks 18th among states in the country. There were also job openings from employers like Coral Academy of Science Las Vegas, Department of the Interior, and Accountemps.
$27,000 $111,000 Salary Distribution | |
| New York – $57,851 (▼8% Below national average) | Rank: 32nd |
The average salary ranks 32nd among states in the country. There were also job openings from employers like Firstrade Securities Inc., DEPT OF DESIGN & CONSTRUCTION, Metropolitan Transportation Authority, and ADMIN FOR CHILDREN’S SVCS.
$23,000 $107,000 Salary Distribution | |
| Ohio – $58,784 (▼7% Below national average) | Rank: 28th |
The average salary ranks 28th among states in the country. There were also job openings from employers like U.S. Air Force, Air Force Acquisition, U.S. Army, and Central Ohio Transit Authority.
$16,000 $127,000 Salary Distribution | |
| Oklahoma – $61,904 (●Meets national average) | Rank: 21st |
The average salary ranks 21st among states in the country. There were also job openings from employers like Air Force Acquisition, Robert Half Finance & Accounting, U.S. Air Force, and U.S. Army.
$22,000 $122,000 Salary Distribution | |
| Oregon – $62,035 (●Meets national average) | Rank: 19th |
The average salary ranks 19th among states in the country. There were also job openings from employers like Multnomah County, OR, Department of the Interior, State of Oregon, and Accountemps.
$24,000 $117,000 Salary Distribution | |
| Pennsylvania – $51,236 (▼19% Below national average) | Rank: 47th |
The average salary ranks 47th among states in the country. There were also job openings from employers like University of Pittsburgh, Pittsburgh Public Schools, and Accountemps.
$16,000 $104,000 Salary Distribution | |
| Rhode Island – $71,650 (●Meets national average) | Rank: 6th |
The average salary ranks 6th among states in the country. There were no current job openings from employers in this state.
$28,000 $134,000 Salary Distribution | |
| South Carolina – $56,508 (▼10% Below national average) | Rank: 37th |
The average salary ranks 37th among states in the country. There were also job openings from employers like U.S. Army.
$18,000 $114,000 Salary Distribution | |
| South Dakota – $56,137 (▼24% Below national average) | Rank: 39th |
The average salary ranks 39th among states in the country. There were no current job openings from employers in this state.
$25,000 $100,000 Salary Distribution | |
| Tennessee – $55,097 (▼13% Below national average) | Rank: 41st |
The average salary ranks 41st among states in the country. There were also job openings from employers like Accountemps.
$25,000 $97,000 Salary Distribution | |
| Texas – $56,521 (▼10% Below national average) | Rank: 36th |
The average salary ranks 36th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, U.S. Air Force, Federal Government Jobs, and U.S. Army.
$21,000 $108,000 Salary Distribution | |
| Utah – $59,340 (▼6% Below national average) | Rank: 26th |
The average salary ranks 26th among states in the country. There were also job openings from employers like U.S. Air Force, U.S. Army, and Utah Valley University.
$22,000 $114,000 Salary Distribution | |
| Virginia – $75,141 (▲19% Above national average) | Rank: 2nd |
The average salary ranks 2nd among states in the country. There were also job openings from employers like United States Department Of Defense, Washington Headquarters Services, Office of the Administrative Assistant to the Secretary of the Army, and USAJOBS.
$22,000 $158,000 Salary Distribution | |
| Vermont – $63,873 (▼14% Below national average) | Rank: 14th |
The average salary ranks 14th among states in the country. There were no current job openings from employers in this state.
$31,000 $108,000 Salary Distribution | |
| Washington – $49,848 (▼7% Below national average) | Rank: 49th |
The average salary ranks 49th among states in the country. There were also job openings from employers like Calloway & Associates, Inc., Snohomish County Finance Department, Federal Government Jobs, and U.S. Army.
$2,000 $7,100 Salary Distribution | |
| Wisconsin – $55,980 (▼11% Below national average) | Rank: 40th |
The average salary ranks 40th among states in the country. There were also job openings from employers like Milwaukee Public Schools and U.S. Army.
$24,000 $101,000 Salary Distribution | |
| West Virginia – $72,449 (●Meets national average) | Rank: 5th |
The average salary ranks 5th among states in the country. There were no current job openings from employers in this state.
$14,000 $196,000 Salary Distribution | |
| Wyoming – $59,801 (▼19% Below national average) | Rank: 24th |
The average salary ranks 24th among states in the country. There were no current job openings from employers in this state.
$22,000 $114,000 Salary Distribution | |
According to Indeed.com, the following states had employers looking to hire a Budget Analyst. The quoted salary figure represents the average salary from all job postings by this employer.
| Employer Name | Location | Average Salary |
|---|---|---|
| Department of Labor | DC | $99,417 |
| ARMY CONTRACTING COMMAND | Alabama | $98,398 |
| United States Department Of Defense | Virginia | $97,799 |
| Inlabora | DC | $95,963 |
| Centers for Disease Control and Prevention | Georgia | $95,262 |
| Department of Energy | DC | $95,177 |
| Washington Headquarters Services | Virginia | $94,737 |
| Office of the Administrative Assistant to the Secretary of the Army | Virginia | $94,513 |
| U.S. Department of State | DC | $93,911 |
| Robert Half Finance & Accounting | Colorado | $93,837 |
| Department of the Interior | DC | $93,040 |
| USAJOBS | Virginia | $92,792 |
| Federal Government Jobs | DC | $91,292 |
| Department of Transportation | DC | $90,274 |
| Transportation Security Administration | Virginia | $89,882 |
| Prince George’s County, MD | Maryland | $88,105 |
| San Jose/Evergreen Community College District | California | $88,077 |
| Department of Justice | Virginia | $87,570 |
| Department of Homeland Security | Virginia | $86,899 |
| Kern Community College District | California | $85,784 |
