Analyze. Advise. Examine budget estimates for completeness, accuracy and conformance with procedures and regulations. If this sounds like something you’d enjoy, you may want to pursue a career working as a budget analyst.
What Does Working as a Budget Analyst Look Like?
Budget analysts typically perform some or all of the following tasks:
- Evaluate funds requests and provide recommendations, taking into consideration budgets, scope and obligations.
- Analyze accounting reports to maintain expenditure controls.
- Direct and/or participate in the preparation of regular and special budget reports.
- Provide advice and technical assistance with cost analysis, fiscal allocation and budget preparation.
Budget Analyst Career Salary and Forecast
Experienced budget analysts can expect to earn somewhere between $56,000 and $92,000. Salaries vary considerably by employer and industry sector.
Job opportunity growth for this career is forecasted to increase at a rate of 2.5% per year nationally and 6.8% in North Carolina.
What Education is Required to Work as a Budget Analyst?
Most budget analysts have a minimum of a bachelor’s degree. Knowledge of management principles and strategic planning is essential for success in this career path. You will want to learn how to research, analyze, compile and interpret reports, present materials in a variety of ways and coordinate both people and resources.
While the Leadership in the Public Sector undergraduate degree provides an excellent foundation for this career, those interested in becoming a budget analyst will want to include coursework in statistics and accounting. You may also find advanced education to be an advantage in this competitive field.
You will need practical on-the-job experience to qualify for most budget analyst positions, so you may wish to look for entry level positions or internships in this field while you are taking classes. The Leadership in the Public Sector degree is designed for working professionals, so it is possible to pursue this degree while working full-time.
Budget Analyst Job Opportunities
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