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.

What responsibilities are common for Budget Analyst jobs?
  • 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
What are the typical qualifications for Budget Analyst jobs?
  • 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
Education--
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

Budget Analyst Salaries

Average Base Pay

₹12,67,125 /yr
Same as national average
Not including cash compensation
See More Insights
Not enough salaries reported to show distribution
₹6L
Median: ₹13L
₹41L
See More Insights
Glassdoor Estimated Salary

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.

Average Years of Experience

0 - 1
33%
2 - 4
40%
5 - 7
8%
8+
19%
Not including years spent in education and/or training
See Career Path

Budget Analyst Insights

Read what Budget Analyst professionals have to say about their job experiences and view top companies for this career.
Fresno StateFresno State
Budget Analyst
2 Sept 2021

“Job Security is good and consistent.”

Chicago Housing AuthorityChicago Housing Authority
Budget Analyst
14 Jun 2022

“Good good good good good”

State of LouisianaState of Louisiana
Budget Director
30 Jun 2021

“I love what I do and the benefits are great”

Metropolitan State University of DenverMetropolitan State University of Denver
Budget Assistant
5 Jul 2020

“I worked here as a student employee and they put my class schedule first while allowing me to change my hours for other jobs.”

City of New YorkCity of New York
Budget Analyst
14 Jan 2021

“Starting pay isnt great but you have good benefits”

Délégation interministérielle aux jeux Olympiques et ParalympiquesDélégation interministérielle aux jeux Olympiques et Paralympiques
Budget Intern
5 Jan 2021

“Compensation for interns was not great”

US Bureau of Labor StatisticsUS Bureau of Labor Statistics
Budget Analyst
27 Mar 2022

“Great career opportunity working here”

LabcorpLabcorp
GP Reports Administrator
23 Mar 2022

“Great people to work with”

See More

Budget Analyst Interviews

Frequently asked questions about the role and responsibilities of a Budget Analyst

The most similar professions to Budget Analyst are:
  • Financial Analyst
  • Financial Manager
  • Finance Manager
  • Controller

Related Careers

Financial Analyst
₹5,00,000
No skills overlap
Financial Manager
₹16,19,189
No skills overlap
Finance Manager
₹12,09,639
Controller
₹4,50,000
No skills overlap

Budget Analyst jobs