What does a Budget Analyst do?
Budget Analysts work across a wide range of employers. They can be found advising for educational institutions, government entities, and the private sector. Their primary role is to collect and interpret data to gain a broader insight into a client's current financial situation. With this information, a client can then plan a course of action to correct down-trends or sustain growth in their company
Budget Analysts typically are required to possess a bachelor's degree in Accounting, Finance or related field. Senior and high-profile positions will require an advanced degree such as a Masters or Doctorate. For some Federal and State jobs a simple four-year degree from an accredited college is sufficient to be employed in a low-level position. This particular field requires intense computations and analytics. Possessing a degree centered around Math and or Statistics is a significant advantage in the industry.
- Collaborate with senior staff and department heads to develop an analysis strategy
- Look over pre existing and past budgets to identify weaknesses
- Request financial analysis reports from the head of every department
- Collate, analyse and interpret data to develop a snapshot of existing financial operations
- Identify inefficiencies or problem areas to be improved
- Present findings to COO or board of directors
- Advise senior staff as to what improvements can be made
- Oversee the role out of strategic financial changes
- bachelor's in Accounting, Statistics or Finance (preferred)
- Certified Personal Accountant (preferred)
- Advanced Degree (preferred)
- Certified Government Financial Manager (preferred)
- A background in a budgetary roll
- Strong computational and mathematical abilities
- Robust interpersonal skills - Must be a people person
- A good eye for detail
- Ability to pass a background check
Budget Analyst Salaries near United Kingdom
Average Base Pay
Budget Analyst Career Path
Learn how to become a Budget Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Budget Analyst Insights
U.S. Department of State“Networking and Compensation is good”
Chicago Housing Authority“Good good good good good”
Caliber Home Loans“Met some of the best people I've ever known Pay was pretty good Work keeps you busy”
QatarEnergy“Lacking career development and effective change menagement”
Arizona Army National Guard“Culture and great pay for early career”
“Great opportunity for advancement and career.”
ABC“Very good to work with”
University of Washington“Pay rate was not that great”
Frequently asked questions about the role and responsibilities of a Budget Analyst
- Financial Analyst
- Financial Manager
- Finance Manager
- Controller
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How much of a pay cut would you entertain to stay WFH, or work at an office 15 minutes away from your house? I moved companies during COVID, was told verbally my position would be remote, now starting to get pressure to go in the office and have a feeling it’s going to be mandatory multiple days a week, it’s a 50 minute commute. My prior company wants me back, is local and I really enjoyed working there. I don’t know how much they’d offer but I know they can’t match my bonus.