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Budget Analysts

Budget Analysts
Quick Facts : Budget Analysts*
2010 Median Pay$68,200
Entry Level EducationBachelor's degree
Work Experience in Related OccupationNone
Number of Jobs, 201262,100
Job Outlook10% (About as fast as average)
Employment Change6,500


Budget analysts prepare budget reports and track institutional spending. Their job helps the public and private institutions organize their finances. They prepare annual and special reports and evaluate budget proposals as well as analyze data to determine the costs and benefits of various programs and recommend funding levels based on their findings.

What Budget Analysts Do

  • Work with program and project managers to develop the organization's budget
  • Review managers' budget proposals for completeness, accuracy, and compliance with laws and other regulations
  • Consolidate department budgets organizational budget and review all funding requests for merit
  • Recommend funding requests to others in the organization, legislators, and the public
  • Monitor organizational spending to ensure that it is within budget
  • Inform program managers of the status and availability of funds

Work Environment

Budget analysts work in offices. About 45 percent work in government, and others work in universities or for private companies. Most work full time.
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Job Outlook

Employment of budget analysts is expected to grow 10 percent from 2010 to 2020, as more types of data and statistical techniques become available.
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Pay

The average salary of budget analysts was $68,200 in May 2010.
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Budget Analysts*
Average Annual Salary, May 2010

Budget Analysts

68200

Finance Occupations

59143.0435

All Jobs in the U.S.

52312.5223
Budget Analysts*
Percent Change in Employment

Budget Analysts

10.467

Finance Occupations

18.39732977618342

All Jobs in the U.S.

15.767561808929724

Becoming a Budget Analysts

Employers generally require budget analysts to have at least a bachelor's degree. However, some employers may require candidates to have a master's degree. Because developing a budget requires strong numerical and analytical skills, courses in statistics or accounting are helpful.
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