Budget Analyst
What Does a Professional in this Career Do?
A Budget Analyst develops the overall annual budget for a company or organization. Evaluates budget proposals, prepares information for government officials or company executives to inform funding decisions; monitors spending and analyzes differences between budget and actual spending. May evaluate programs or provide policy analysis.
Job Outlook
There were 275 Budget Analyst job postings in North Carolina in the past year and 9540 in the United States.
In combination with other careers in the Budget Analyst industry, which includes the Budget Analyst career, the following graph shows the number of people employed for each year since 2015:
Salary
Many new Budget Analyst jobs have salaries estimated to be in the following ranges, based on the requirements and responsibilities listed in job postings from the past year.
National
The average estimated salary in the United States for this career, based on job postings in the past year, is $87,861.
State
The average estimated salary in North Carolina for this career, based on job postings in the past year, is $76,725.
Percentiles represent the percentage that is lower than the value. For example, 25% of estimated salaries for Budget Analyst postings in the United States in the past year were lower than $71,010.
Education and Experience
Posted Budget Analyst jobs typically require the following level of education. The numbers below are based on job postings in the United States from the past year. Not all job postings list education requirements.
| Education Level | Percentage |
|---|---|
| Associate's Degree | 0% |
| Bachelor's Degree | 62.06% |
| Master's Degree | 23.4% |
| Doctoral Degree | 8.77% |
| Other | 7.15% |
Posted Budget Analyst jobs typically require the following number of years of experience. The numbers below are based on job postings in the United States from the past year. Not all job postings list experience requirements.
| Years of Experience | Percentage |
|---|---|
| 0 to 2 years | 39.41% |
| 3 to 5 years | 40.87% |
| 6 to 8 years | 11.97% |
| 9+ years | 7.75% |
Skills
Below are listings of the most common general and specialized skills Budget Analyst positions expect applicants to have as well as the most common skills that distinguish individuals from their peers. The percentage of job postings that specifically mention each skill is also listed.
Baseline Skills
A skill that is required across a broad range of occupations, including this one.
- Budgeting (66.03%)
- Management (54.88%)
- Planning (37.24%)
- Communication (34.32%)
- Forecasting (28.27%)
- Operations (27.31%)
- Microsoft Excel (26.69%)
- Research (25.39%)
- Leadership (21.29%)
- Writing (18.1%)
Defining Skills
A core skill for this occupation, it occurs frequently in job postings.
- Budget Analysis (71.44%)
- Accounting (60.7%)
- Financial Statements (27.62%)
- Finance (52.16%)
- Financial Analysis (26.57%)
Necessary Skills
A skill that is requested frequently in this occupation but isn’t specific to it.
- Budget Management (9.59%)
- Budget Development (19.03%)
- Variance Analysis (4.37%)
- Auditing (20.66%)
- Accruals (2.67%)
- Financial Forecasting (5.24%)
- Capital Budgeting (5.55%)
- Reconciliation (10.27%)
- Financial Data (15.99%)
- Financial Services (4.69%)
- Economics (13.4%)
- Generally Accepted Accounting Principles (8.12%)
- Financial Systems (14.99%)
- Financial Planning (11.29%)
- Data Analysis (10.87%)
- Public Administration (14.07%)
- Invoicing (12.12%)
- Financial Modeling (4.76%)
- Procurement (11.36%)
- Purchasing (10.86%)
- Operating Budget (10.26%)
- Management Reporting (2.34%)
- Project Management (10.12%)
- Financial Management (30.16%)
- SAP Applications (4.74%)
Salary Boosting Skills
A professional who wishes to excel in this career path may consider developing the following highly valued skills. The percentage of job postings that specifically mention each skill is listed.
- Financial Analysis (100%)
Alternative Job Titles
Sometimes employers post jobs with Budget Analyst skills but a different job title. Some common alternative job titles include:
- Budget Specialist
- Budget Manager
- Supervisory Budget Analyst
- Budget Coordinator
- Lead Budget Analyst
- Budget Management Analyst
- Automotive Technician
- Budget Administrator
- Program Budget Analyst
Similar Occupations
If you are interested in exploring occupations with similar skills, you may want to research the following job titles. Note that we only list occupations that have at least one corresponding NC State Online and Distance Education program.
- Financial Analyst (General)
- Financial Manager (General)
- Financial Operations Specialist
- Controller (General)
- Financial Planning Manager
Common Employers
Here are the employers that have posted the most Budget Analyst jobs in the past year along with how many they have posted.
United States
- GPAC (138)
- United States Department of Defense (134)
- United States Department of the Treasury (109)
- United States Department of Veterans Affairs (89)
- United States Department of Justice (76)
- Robert Half (73)
- Dha Group (70)
- City of New York (67)
- State of Washington (66)
- United States Air Force (64)
North Carolina
- State of North Carolina (25)
- University of North Carolina (14)
- Wake County Public Schools (10)
- North Carolina State University (9)
- North Carolina State Of (9)
- United States Department of Defense (8)
- City of Raleigh (7)
- U.S Special Operations Command (7)
- TEKsystems (5)
- Charlotte-Mecklenburg Schools (5)
NC State Programs Relevant to this Career
If you are interested in preparing for a career in this field, the following NC State Online and Distance Education programs offer a great place to start!
All wages, job posting statistics, employment trend projections, and information about skill desirability on this page represents historical data and does not guarantee future conditions. Data is provided by and downloaded regularly from Lightcast. For more information about how Lightcast gathers data and what it represents, see Lightcast Data: Basic Overview on Lightcast's Knowledge Base website.