OnlineMBAPage.com > Jobs Careers > Budget Analyst

Budget Analyst

Posted on

The following article discusses the career of Budget Analyst highlighting what they do, the work environment, how to become, training and certification, education, job and salary outlook.

What We Do

As a budget analyst, you will perform trend projections and analyses. You will also keep records on expenses for budgets and inventory balances. From this, you will prepare departmental budgets, basing these on their revenue, expenses and performance. You will also review how departments spend their money so that they are fully compliant and stick to the capital and operational limits. Finally, you will ensure budget policies are properly implemented and understood.

Work Environment

Generally speaking, budget analysts work in an office and follow regular business hours.

How to Become

To become a budget analyst, you must properly grasp the various financial principles. You must also be able to actually implement these principles, as that is one of the main responsibilities of your job.

Training & Certification Requirements

As a budget analyst you need to have a strong accounting and finance background. Usually, this is obtained by education and experience alike. While a bachelor’s degree is the minimum requirement, most companies now look for those who hold a master’s degree.

Education Requirements

Bachelor’s

Job Outlook

According to the U.S. Bureau of Labor Statistics, job growth for budget analysts is 3% between 2014 and 2024, which is slower than the national average.

National Salary

The national average salary estimate for Budget Analyst was $63,205. This number is estimated from over 5,896 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $32.92 and monthly of $5,267.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$18,000

$133,000

Salary Distribution

Salary by State

The following section lists Budget Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, DC had the largest quoted salary of $85,577 while Arkansas had the smallest quoted salary of $47,340.

Alaska – $64,115 (●Meets national average)Rank: 49th

The average salary ranks 49th among states in the country. There were also job openings from employers like U.S. Army and Workplace Alaska.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$30,000

$111,000

Salary Distribution
Alabama – $64,394 (●Meets national average)Rank: 12th

The average salary ranks 12th among states in the country. There were also job openings from employers like ARMY CONTRACTING COMMAND, United States Department Of Defense, U.S. Air Force, and Federal Government Jobs.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$15,000

$146,000

Salary Distribution
Arkansas – $47,340 (▼25% Below national average)Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like U.S. Army, department of finance & administration, Arkansas Department Of Human Services, and Arkansas Department of Health.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$18,000

$91,000

Salary Distribution
Arizona – $58,039 (▼8% Below national average)Rank: 44th

The average salary ranks 44th among states in the country. There were also job openings from employers like Indian Health Service, Department of the Interior, Maricopa County, AZ, and Maricopa County.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$22,000

$111,000

Salary Distribution
California – $67,259 (▲6% Above national average)Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like San Jose/Evergreen Community College District, Kern Community College District, HAYWARD UNIFIED SCHOOL DISTRICT, and Air Force Space and Missile Sys Ctr Civilian Careers.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$24,000

$132,000

Salary Distribution
Colorado – $60,485 (●Meets national average)Rank: 35th

The average salary ranks 35th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, U.S. Air Force, Department of the Interior, and U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$21,000

$120,000

Salary Distribution
Connecticut – $63,533 (●Meets national average)Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and Accountemps.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$25,000

$119,000

Salary Distribution
DC – $85,577 (▲35% Above national average)Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like Inlabora, Department of Energy, U.S. Department of State, and Department of the Interior.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$28,000

$174,000

Salary Distribution
Delaware – $70,408 (▲11% Above national average)Rank: 36th

The average salary ranks 36th among states in the country. There were also job openings from employers like Accountemps.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$30,000

$128,000

Salary Distribution
Florida – $57,598 (▼9% Below national average)Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, Broward County Public Schools, U.S. Army, and U.S. Air Force.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$21,000

$111,000

Salary Distribution
Georgia – $52,170 (▼17% Below national average)Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like Centers for Disease Control and Prevention, U.S. Air Force, U.S. Army, and Emory University.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$14,000

$119,000

Salary Distribution
Hawaii – $60,248 (●Meets national average)Rank: 52nd

The average salary ranks 52nd among states in the country. There were also job openings from employers like U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$27,000

$107,000

Salary Distribution
Iowa – $59,529 (▼6% Below national average)Rank: 17th

The average salary ranks 17th among states in the country. There were also job openings from employers like U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$20,000

$119,000

Salary Distribution
Idaho – $58,616 (▼7% Below national average)Rank: 51st

The average salary ranks 51st among states in the country. There were also job openings from employers like Blue Cross Blue Shield and Ada County Sheriff's Office.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$20,000

$116,000

Salary Distribution
Illinois – $58,455 (▼8% Below national average)Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like Chicago Transit Authority, Parker and Lynch, U.S. Army, and United States Department Of Defense.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$19,000

$118,000

Salary Distribution
Indiana – $57,796 (▼9% Below national average)Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like U.S. Army, Robert Half Finance & Accounting, U.S. Air Force, and State of Indiana.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$25,000

$102,000

Salary Distribution
Kansas – $57,287 (▼9% Below national average)Rank: 31st

The average salary ranks 31st among states in the country. There were also job openings from employers like U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$27,000

$98,000

Salary Distribution
Kentucky – $64,445 (●Meets national average)Rank: 40th

The average salary ranks 40th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, University of Kentucky, U.S. Army, and Federal Government Jobs.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$24,000

$124,000

Salary Distribution
Louisiana – $48,900 (▼9% Below national average)Rank: 33rd

The average salary ranks 33rd among states in the country. There were also job openings from employers like State of Louisiana.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$1,200

$8,900

Salary Distribution
Massachusetts – $63,836 (●Meets national average)Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like City of Cambridge, U.S. Air Force, U.S. Army, and University of Massachusetts Boston.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$27,000

$115,000

Salary Distribution
Maryland – $60,946 (●Meets national average)Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like Prince George's County, MD, Federal Government Jobs, U.S. Army, and U.S. Air Force.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$16,000

$132,000

Salary Distribution
Maine – $70,041 (▲47% Above national average)Rank: 37th

The average salary ranks 37th among states in the country. There were also job openings from employers like Mountain, Ltd.

  • .
  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .

$18.25

$54.75

Salary Distribution
Michigan – $59,332 (▼6% Below national average)Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, City of Ann Arbor, U.S. Army, and Venteon.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$24,000

$110,000

Salary Distribution
Minnesota – $59,976 (●Meets national average)Rank: 41st

The average salary ranks 41st among states in the country. There were also job openings from employers like U.S. Air Force.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$27,000

$105,000

Salary Distribution
Missouri – $55,314 (▼12% Below national average)Rank: 18th

The average salary ranks 18th among states in the country. There were also job openings from employers like U.S. Army, Department of Veterans Affairs, Missouri House of Representatives, and Accountemps.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$18,000

$112,000

Salary Distribution
Mississippi – $55,260 (▼13% Below national average)Rank: 9th

The average salary ranks 9th among states in the country. There were also job openings from employers like U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$25,000

$97,000

Salary Distribution
Montana – $53,562 (▼15% Below national average)Rank: 43rd

The average salary ranks 43rd among states in the country. There were also job openings from employers like Department of the Interior, Federal Government Jobs, State of Montana, and University of Montana.

  • .
  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .

$27,000

$86,000

Salary Distribution
North Carolina – $62,829 (●Meets national average)Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, U.S. Army, U.S. Air Force, and National Guard.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$23,000

$121,000

Salary Distribution
North Dakota – $56,268 (▼11% Below national average)Rank: 38th

The average salary ranks 38th among states in the country. There were also job openings from employers like Department of Health and Human Services and Indian Health Service.

  • .
  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .

$27,000

$95,000

Salary Distribution
Nebraska – $52,641 (▼17% Below national average)Rank: 50th

The average salary ranks 50th among states in the country. There were also job openings from employers like University of Nebraska Medical Center.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$21,000

$97,000

Salary Distribution
New Hampshire – $68,000Rank: 19th

The average salary ranks 19th among states in the country. There were no current job openings from employers in this state.

New Jersey – $61,834 (●Meets national average)Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like Execu|Search, Rutgers University, U.S. Army, and BEYIN INFORMATION TECHNOLOGY LLC.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$27,000

$110,000

Salary Distribution
New Mexico – $51,044 (▼19% Below national average)Rank: 42nd

The average salary ranks 42nd among states in the country. There were also job openings from employers like U.S. Air Force, Bernalillo County Government, Robert Half Finance & Accounting, and New Mexico State Personnel Office.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$17,000

$101,000

Salary Distribution
Nevada – $62,825 (●Meets national average)Rank: 47th

The average salary ranks 47th among states in the country. There were also job openings from employers like Coral Academy of Science Las Vegas, Department of the Interior, and Accountemps.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$27,000

$112,000

Salary Distribution
New York – $57,595 (▼9% Below national average)Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like Firstrade Securities Inc., DEPT OF DESIGN & CONSTRUCTION, ADMIN FOR CHILDREN'S SVCS, and New York City Department of Education.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$23,000

$107,000

Salary Distribution
Ohio – $59,030 (▼7% Below national average)Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like Department of Veterans Affairs, U.S. Air Force, Air Force Acquisition, and U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$17,000

$126,000

Salary Distribution
Oklahoma – $61,347 (●Meets national average)Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like Air Force Acquisition, Robert Half Finance & Accounting, U.S. Air Force, and U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$21,000

$121,000

Salary Distribution
Oregon – $63,992 (●Meets national average)Rank: 21st

The average salary ranks 21st among states in the country. There were also job openings from employers like Department of Veterans Affairs, Multnomah County, OR, Department of the Interior, and State of Oregon.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$26,000

$119,000

Salary Distribution
Pennsylvania – $51,532 (▼18% Below national average)Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like University of Pittsburgh, Pittsburgh Public Schools, and Accountemps.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$17,000

$104,000

Salary Distribution
Rhode Island – $63,851 (●Meets national average)Rank: 32nd

The average salary ranks 32nd among states in the country. There were also job openings from employers like The State of Rhode Island.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$29,000

$111,000

Salary Distribution
South Carolina – $55,632 (▼12% Below national average)Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$18,000

$113,000

Salary Distribution
South Dakota – $52,000Rank: 48th

The average salary ranks 48th among states in the country. There were no current job openings from employers in this state.

Tennessee – $54,855 (▼13% Below national average)Rank: 30th

The average salary ranks 30th among states in the country. There were also job openings from employers like Accountemps.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$25,000

$96,000

Salary Distribution
Texas – $57,251 (▼9% Below national average)Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like U.S. Air Force, Robert Half Finance & Accounting, Department of Veterans Affairs, and U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$21,000

$110,000

Salary Distribution
Utah – $60,104 (●Meets national average)Rank: 46th

The average salary ranks 46th among states in the country. There were also job openings from employers like U.S. Air Force, U.S. Army, and Utah Valley University.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$23,000

$115,000

Salary Distribution
Virginia – $75,017 (▲19% Above national average)Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like United States Department Of Defense, Washington Headquarters Services, Office of the Administrative Assistant to the Secretary of the Army, and USAJOBS.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$22,000

$158,000

Salary Distribution
Vermont – $61,000Rank: 39th

The average salary ranks 39th among states in the country. There were no current job openings from employers in this state.

Washington – $49,908 (▼7% Below national average)Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like Calloway & Associates, Inc., Snohomish County Finance Department, Federal Government Jobs, and U.S. Army.

  • .
  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .

$1,900

$7,100

Salary Distribution
Wisconsin – $55,197 (▼13% Below national average)Rank: 34th

The average salary ranks 34th among states in the country. There were also job openings from employers like Milwaukee Public Schools and U.S. Army.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$23,000

$100,000

Salary Distribution
West Virginia – $65,000Rank: 27th

The average salary ranks 27th among states in the country. There were no current job openings from employers in this state.

Wyoming – $57,000Rank: 45th

The average salary ranks 45th among states in the country. There were no current job openings from employers in this state.

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Budget Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

Employer NameLocationAverage Salary
ARMY CONTRACTING COMMANDAlabama$98,398
United States Department Of DefenseVirginia$98,271
FBI$97,465
InlaboraDC$95,963
Centers for Disease Control and PreventionGeorgia$95,262
Department of EnergyDC$95,177
Washington Headquarters ServicesVirginia$94,737
Washington Headquarters Services$94,737
Office of the Administrative Assistant to the Secretary of the ArmyVirginia$94,513
U.S. Department of StateDC$93,911
Robert Half Finance & AccountingColorado$93,837
Department of the InteriorDC$93,040
USAJOBSVirginia$92,792
Federal Government JobsDC$91,292
JUDICIAL BRANCHDC$90,208
Transportation Security AdministrationVirginia$89,882
U.S. Department of Commerce$89,384
Transportation Security Administration$89,011
Prince George's County, MDMaryland$88,105
San Jose/Evergreen Community College DistrictCalifornia$88,077

References

*Indicates number of job postings as of June, 2017.

  • As Seen On:
  • UTSD
  • TAM
  • ISU
  • GU
  • GovLoop
  • Examiner.com
  • About.com

Take Your First Step

Get Started