Information Provided by the Bureau of Labor Statistics Occupational Outlook Handbook
About 52 percent of all budget analysts work in Federal, State, and local governments. Competition for jobs is expected. Although a bachelors degree generally is the minimum educational requirement, many employers prefer or require a masters degree.
On average, Budget Analysts earn $ 61,430 per year.
Job Opportunities for Budget Analysts are expected to:
Increase as fast as the average.
Efficiently distributing limited financial resources is an important challenge in all organizations. In most large and complex organizations, this task would be nearly impossible without budget analysts. These workers develop, analyze, and execute budgets, which are used to allocate current resources and estimate future financial needs.
A bachelors degree usually is the minimum educational requirement for budget analyst jobs, but some organizations prefer or require a masters degree. Entry-level budget analysts usually begin with limited responsibilities but can be promoted to intermediate-level positions within 1 to 2 years, and to senior positions with additional experience.
Budget analysts held 62,000 jobs throughout private industry and government in 2006. Federal, State, and local governments are major employers, accounting for 44 percent of budget analyst jobs. Many other budget analysts worked in manufacturing; financial services; management services; professional, scientific, and technical services; and schools.
