Budget analysts
Sign In
Overview
Budget analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending.
Predicted employment growth
Over the next decade, jobs for budget analysts are expected to grow by 7%, and should have about 4,800 job openings a year.
Safety from automation
Budget analysts are more likely to be automated than 83% of other careers.
Workforce size
Budget analysts, with 58,400 workers, are near the middle of all careers in the number employed.
Education
About 74% of budget analysts have at least a bachelor's degree.
Education attained by budget analysts
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Context: workers with bachelor's degrees
More budget analysts have bachelor's degrees than 83% of other careeers.
Salaries
The median (middle) salary for budget analysts is higher than 82% of all other jobs' middle salaries. The graph shows inflation-adjusted salaries for most budget analysts.
This job's median $76KAll jobs' median $39K$76K$38K20142015201620172018$0$20K$40K$60K$80K$100K$120K
Context: Median Salary
Gender
Women account for 63% of budget analysts -- that's a larger percentage than 78% of other jobs.
Gender of budget analysts
Men
Women
Context: Salary inequity
For each career, we compared the median (middle) men's salary to the median women's salary. For budget analysts, the median men's salary was 11% more the median woman's salary.
Race/Origin
About 29% of budget analysts are minority, and 13% are foreign-born.
Race/origin of budget analysts
White
Black
Pacific Islander
Hispanic
Asian
American Indian
Multiracial
Other
Context: Foreign-born workers (13%)
Where are the most jobs?
We ranked the number of jobs in Budget Analysts per thousand workers in each state, DC, and Puerto Rico. The darker the blue, the higher the job density.
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
Job benefits
Employer or union-sponsored pension plans are offered to 75% of budget analysts, and 82% have company-sponsored health insurance (12% have dependents enrolled in their employer's health plan).
Employer-provided health coverage for budget analysts
100% premiums covered
Partial premiums covered
Plan with no cost sharing
No health insurance
Top college degrees
Here are the top college degrees held by the 73% of people in this job who have at least a bachelor's degree. Some of degrees may link to multiple programs due to the way Census classifies college majors. Click on a program to learn more about career opportunities for people who major in that field.
The downside
Some jobs are more stressful than others, and some are just plain dangerous. The following list gives the percentages of budget analysts who report hazardous or difficult situations typically occurring at least once a week.
  • Time Pressure (76%)
  • Consequence of Error (42%)
SOURCES:24.0 O*NET
Salary and diversity
Salary overview
What do budget analysts earn?

In this section, we want to give you a clear idea of what you can expect to earn in this career. We use two sources of data here: the Bureau of Labor Statistics (BLS), which asks employers to classify their workforce and to report salaries using the SOC-specialty level of reporting, and the American Community Survey (ACS), which asks people to classify their jobs using the broad classifications that ididio uses for career profiles, and to self-report their salaries. For some jobs, the differences in survey approaches between BLS and ACS can paint a very different end-picture. Whenever possible, we provide data from both sources.

The BLS-compiled salary data is reported by companies for their employees. This data excludes self-employed workers. We first show the distribution of salaries for budget analysts, and then we show how the middle (median) salary for budget analysts compares to the BLS-computed median salaries of other careers.
Distribution: Salaries for budget analysts (BLS Salary Data)
$76K$0$50K$100K$150K
Context: Median salaries across careers (BLS Salary Data)
$76K$0$50K$100K$150K
We compiled household data from the ACS to determine the salaries that people working at least 35 hours a week report themselves to earn. Unlike the BLS estimates, this data includes self-employed wages. We first show the full salary distribution for all budget analysts, and then we show how the median (middle) salary for budget analysts compares to the median ACS-reported salary of other careers.
Distribution: Salaries for budget analysts (ACS Salary Data)
$73K$0$50K$100K$150K
Context: Median salaries across careers (ACS Salary Data)
$73K$0$50K$100K$150K
Employers and salary
A look at employers and corresponding salaries
The donut shares the break-down of workers by employer type, and following we show the salary distributions for these workers based on those employer types. For some careers, the salaries can be vastly different between private, government, and self-employment. As with our salary overview, we view the both the BLS economists' salary profiles and the household-reported salaries from ACS to get a thorough understanding of where budget analysts work and for what salary. We have the great faith in the accuracy of economist-vetted BLS data; however, the BLS restrictions on which employers are surveyed skews the data a bit (read more in the sources), and the ACS responses provide different and useful categorizations of employers and salaries.
Employers of Budget analysts (ACS)
Private for-profit (33.5%)
Private not-for-profit (6.2%)
Local government (10.9%)
State government (16.5%)
Federal government (32.5%)
Self-employed incorporated (0.2%)
Self-employed not incorporated (0.3%)
Working without pay (0.0%)
Distribution: Salaries of budget analysts by type of employer (ACS data)
Following are the salary distributions by employer type calculated by aggregating individual household survey responses.
$73K$65K$61K$75K$84K$65K$0$50,000$100,000$150,000Federal governmentState governmentLocal governmentPrivate not-for-profitPrivate for-profitAll
Distribution: Salaries of budget analysts by type of employer (BLS data)
Following are the salary distributions by employer type as reported by BLS based on large employer-focused surveys. We note that smaller employer categories are not included by BLS.
$76K$82K$71K$79K$65K$0$50,000$100,000$150,000Federal governmentState governmentLocal governmentPrivateAll
Age and career advancement
Salary growth for budget analysts

The biggest take-away from the following two charts is the relationship between salary and experience that we can infer from age. Does this job seem to attract especially younger or older workers? Does it reward experience?

Take a minute a look at how much you might expect your salary to increase with each five years' experience, as well as how the numbers working in this career changes. We only provide this data when there are enough consistent ACS survey responses to allow a reasonable margin of error, so for some careers you will see gaps in our reporting of salary by age.

$80K$80K$65K$59K$76K$75K$79K$78K$38K$0$50K$100K$150KSalary distribution20-2425-2930-3435-3940-4445-4950-5455-5960-64
02K4K6K8KNumber employed20-2425-2930-3435-3940-4445-4950-5455-5960-64

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Gender and Equity
Budget analysts and gender

With 63% women, this occupation has a higher percentage of women than 78% of careers.

Context: Women in the workforce
63%0%20%40%60%80%100%
Gender of Budget analysts
Men (38%)
Women (63%)
Distribution: Salaries by gender

As we'll illustrate at the bottom of this section, the median salary for all full-time male workers in the US exceeds the full-time median salary for women by 20%. The situation is a little better for budget analysts, with the median salary for men 11% higher than the median salary for women. This chart shows you the salary range for most workers by gender.

$71K$78K$0$50K$100K$150KWomenMen
Context: Salary Inequity

Nationwide there are twenty careers for which men do not have a higher median (middle) salary than women. The chart below shows the salary inequity, the percentage by which the median men's salary is higher than the median women's salary, for most jobs. Budget analysts have one of the smaller percentage increases for men's salary, with the increase the men's median salary over the women's median salary in this job lower than that for 67% of other jobs.

11%0%20%40%60%80%100%

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Race/Origin
Race and origin of budget analysts

The representation of minority and foreign-born workers is quite different between careers, and the relative pay of those workers also varies significantly between careers. There is a higher percentage of minority budget analysts than for 86% of other careers. The percentage of foreign-born workers in this career is near the middle of all careers.

Race/origin of budget analysts
White (69% )
Black (16% )
Asian (9% )
Multiracial (2% )
Other (2% )
Hispanic (1% )
American Indian (1% )
Pacific Islander (0% )
Context: Representation of minorities in the workforce
29%0%20%40%60%80%100%
Context: Representation of foreign-born workers
13%0%20%40%60%80%100%
Distribution: Salaries for budget analysts by race/origin

For some careers, there is a pay disparity depending on race or origin, though this is not prevalent. We calculate standard errors for all of our calculations, and when the error is high we do not show results. Therefore, for some jobs will have omitted race/origin categories.

$54K$73K$73K$74K$79K$0$50K$100K$150KOtherBlackWhiteAsianMultiracial
Distribution: Salaries for budget analysts by nativity
$73K$75K$0$50K$100K$150KAll native citizensAll foreign-born

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Pathways to this career
Education requirements and salary
Education attained by budget analysts

According to the Bureau of Labor Statistics (BLS), budget analysts typically hold a bachelor's degree.

Sometimes the typical education identified by the BLS differs a bit from the reality of the how much education current workers actually have. The donut shows the education level held by people currently working as budget analysts as reported in responses to the American Community Survey. Following, we investigate whether education level influences salary for budget analysts.

Education attained by budget analysts
None
High School
Some College
Associate's Degree
Bachelor's Degree
Master's Degree
Professional Deg/Doct
Doctorate
Details: Education and training recommended for budget analysts

Employers generally require budget analysts to have at least a bachelor's degree. Because developing a budget requires strong numerical and analytical skills, courses in accounting, economics, and statistics are helpful. Federal, state, and local governments have varying requirements, but usually require a bachelor's degree in one of many areas, such as accounting, finance, business, public administration, economics, statistics, political science, or sociology.

Sometimes, budget-related or finance-related work experience can be substituted for formal education.

Details: Licensing and certification recommended for budget analysts

Government budget analysts may earn the Certified Government Financial Manager credential from the Association of Government Accountants. To earn this certification, candidates must have a minimum of a bachelor’s degree, 24 credit hours of study in financial management, and 2 years of professional-level experience in governmental financial management. They must also pass a series of exams. To keep the certification, budget analysts must take 80 hours of continuing education every 2 years.

Distribution: Salary by education level

What level of education is truly needed for budget analysts? Below we see the distribution of budget analysts salaries based on the education attained. These comparisons are based on all survey responses by those who identified themselves as budget analysts, and are not intended as a statistical analysis of salary differences that would correct for non-educational factors that could contribute to high or low earnings.

$55K$67K$63K$67K$73K$83K$72K$108K$0$50K$100K$150KNone (1%)High School (5%)Some College (13%)Associate's Degree (7%)Bachelor's Degree (44%)Master's Degree (28%)Professional Deg/Doct (2%)Doctorate (1%)
Bachelor's degree pathways
College majors held by budget analysts

This table shows the college majors held by people working as budget analysts. Select any degree to see detailed information. We are able to connect careers to degrees using the American Community Survey (ACS), and their degrees are defined a little differently from our programs, which are based on standard CIP classifications. Therefore, selecting some degrees will lead to a selection of CIP-level programs from which to choose.

If you see "**" before the name of a degree/program, that means this field is one that the Department of Education believes is preparatory for this career. However, you can see from this list that those recommendations are far from your only path to this job!

Degree
Select any title to learn more about that degree
Percentage of Budget analysts with this degree
Salary for all majors
Salary distribution (across jobs). Showing 0-$200,000.
Median
Middle 50%
Middle 80%
Education
Final education level of all people with this major
Bachelor's Degree
Master's Degree
Doctorate
Gender
Gender of people this bachelor's degree
Men
Women
The link between degrees and careers
The link between degrees and careers

With the following "sankey" diagram, you can follow the top ten bachelor's degrees held by people working as budget analysts, and then, in turn, you can see the 10 occupations that hire the most of each degree's graduates. This visualization links fields of studies and careers, suggesting both similar careers and options for degrees. The full list of bachelor's degrees held by budget analysts given in the previous section reminds us that there are many paths to these careers beyond what we can summarize here.

Switching Careers
Most common new jobs
The most common next careers for budget analysts

What jobs will most budget analysts hold next year?

The data in this chart comes from person interviews for the Census Bureau's Current Population Survey. The survey interviews households eight times over a two-year period, allowing us a glimpse into how people move from job to job. You can see more details from the results of the survey in our last tab in this section, and you can read about our methodology in our source descriptions.

Here we see all of the jobs that at least 1% of budget analysts reported holding in their second year's survey. Is your future job on this list?

Budget analystsFinancial analystsFinancial managersAccountants and auditorsManagers (specialized areas)Operations research analystsManagement analystsWholesale and manufacturing sales representativesPersonal financial advisorsPurchasing managersGeneral office clerksChief executives and legislatorsTransportation, storage, and distribution managersOffice and administrative support workersFinancial clerksTherapists (specialized areas)Transportation inspectorsWater and wastewater treatment plant and system operatorsLogisticiansConstruction managers
Lateral career moves
Lateral job transitions for budget analysts

A lateral career transition is a move to a job with similar pay and responsibilities. A move to such a job can offer a change of pace without an increase in stress or a decrease in pay. The following table simply identifies all 6 jobs which were held by at least 1% of survey respondents before working as budget analysts as well as 1% of respondents after working as budget analysts. Select a row to investigate the job's full description and determine if it truly offers an opportunity for a lateral transition.

Full prior and next career listings
Prior and next careers for budget analysts: full listings

What do people typically do before and after they work as budget analysts? Here are the full lists of all jobs that at least 1% of budget analysts surveyed reported as holding a year earlier or later.

Choose which type of transition to view
Prior jobs
Next jobs
Read about budget analysts
Responsibilities and activities
Responsibilities and activities

Budget analysts typically do the following:

  • Work with program and project managers to develop the organization’s budget
  • Review managers’ budget proposals for completeness, accuracy, and compliance with laws and other regulations
  • Combine all the program and department budgets together into a consolidated organizational budget and review all funding requests for merit
  • Explain their recommendations for funding requests to others in the organization, to legislators, and to the public
  • Help the chief operations officer, agency head, or other top managers analyze proposed plans and find alternatives if the projected results are unsatisfactory
  • Monitor organizational spending to ensure that it is within budget
  • Inform program managers of the status and availability of funds
  • Estimate future financial needs

Budget analysts advise various institutions—including governments, universities, and businesses—on how to organize their finances. They prepare annual and special reports and evaluate budget proposals. They analyze data to determine the costs and benefits of various programs, and they recommend funding levels based on their findings. Although government officials or top executives in a private company usually make the final decision on an organization’s budget, they rely on the work of budget analysts to prepare the information for that decision.

Sometimes, budget analysts use cost–benefit analyses to review financial requests, assess program tradeoffs, and explore alternative funding methods. Budget analysts also may examine past budgets and research economic and financial developments that affect the organization’s income and expenditures. Budget analysts may recommend cutting spending on particular programs or redistributing extra funds.

Throughout the year, budget analysts oversee spending to ensure compliance with the budget and determine whether changes to funding levels are needed for certain programs. Analysts also evaluate programs to determine whether they are producing the desired results.

In addition to providing technical analysis, budget analysts must communicate their recommendations effectively to officials within the organization. For example, if there is a difference between the approved budget and actual spending, budget analysts may write a report explaining the variations and recommend changes to reconcile the differences.

Budget analysts working in government may attend committee hearings to explain their recommendations to legislators. Occasionally, budget analysts may evaluate how well a program is doing, provide policy analysis, and draft budget-related legislation.

Personality and skills
Personality and skills

Can you see yourself in the ranks of budget analysts? Here are the skills and traits that could lead to success.

Analytical skills
Budget analysts must be able to process a variety of information, evaluate costs and benefits, and solve complex problems.
Communication skills
Budget analysts need strong communication skills because they often have to explain and defend their analyses and recommendations in meetings and legislative committee hearings.
Detail oriented
Creating an efficient budget requires careful analysis of each budget item.
Math skills
Most budget analysts need math skills and should be able to use certain software, including spreadsheets, database functions, and financial analysis programs.
Writing skills
Budget analysts must present technical information in writing that is understandable to the intended audience.
Trends in employment
Salary trends
Distribution and trends: Salaries for budget analysts
Choose actual dollars or inflation-adjusted dollars to view
Adjusted for inflation
Historic dollars

In 2018, the median (middle) salary for budget analysts was higher than 82% of all other jobs' middle salaries. This graphic shows how the salary distribution (adjusted for inflation) has changed for this job over recent years. The gray line, as a comparison, shows the median salary of all US workers.

This job's median $76KAll jobs' median $39K$74K$38K200420052006200720082009201020112012201320142015201620172018$0$50K$100K$150K
Projected versus actual employment
Exploring actual employment trends versus projected trends

Currently, jobs for budget analysts are anticipated to grow by 7% over the next decade; 51% of jobs are projected to grow more.

The projected employment for budget analysts is the best guess created by talented economists and statisticians at the Bureau of Labor Statistics (BLS). However, as you look through several careers you'll notice that the projections are heavily influenced by past performance and may miss current trends. No one can tell the future, and as new information and better techniques are developed, actual counts and future projections may change. Here's a glimpse at the actual counts versus the projections over time.

2000201020202030020,00040,00060,00080,000
Employment counts
Actual measured employment
BLS 10-year predictions
Variation by state
Employment
State-by-state employment numbers

Some careers tend to be centered in specific parts of the country. For example, most jobs in fashion are in New York or California. Let's see if your dream job is easy to find in your dream location! We have a few choices for viewing the data that can help you get a full employment picture.

Job density versus job count

Which states hire the most budget analysts? We wonder if that's a fair question since states come in all sizes, so instead let's start with the question of which states have the highest density of people working as budget analysts. You can choose to view the number of jobs per state if you prefer.

BLS vs ACS data

This map defaults to employment information from the Bureau of Labor Statistics (BLS), which provides job totals carefully compiled for accuracy and with a primary focus on how employers describe their workers. The BLS job totals do not count self-employed workers. We've also compiled totals using the Census Bureau's American Community Survey (ACS) which are based on how workers describe themselves. Sometimes ACS results are quite a bit different from the employer-based BLS data.

Choose the metric to review
Jobs per 1000 working
Number of jobs
Use this data source
BLS
Number of Budget Analysts per 1,000 workers (BLS)
Select a state to see local area details
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
0.01.02.03.0
Salary
Salaries by state
Let's get a feel for where budget analysts earn the highest salaries. There are several choices for which data we consider and how we view that data, and each can lead to different conclusions, so please read on...
Median salary versus state ratio

We use two methods to compare salaries across states:

  • In-state comparisons: the ratio of median (middle) salaries for budget analysts compared to the median salary for all people working in each state, or
  • Median salary: the unaltered median salaries for budget analysts.

We hope the ratio allows perspective about how salaries may compare to the regional cost-of-living.

BLS vs ACS data

We have two sources for statewide salary information with important distinctions. The BLS data is created by surveying companies, missing individuals who are self-employed or work for smaller companies. The ACS data is compiled from multi-faceted household surveys and may reflect the inconsistencies that people may have in reporting information.

Choose the metric to review
In-state comparisions
Median salary
Use this data source
BLS
Median salary ratio: Budget Analysts to all workers (BLS)
The darkest shading corresponds to states in which budget analysts earn the highest salary when compared to other jobs in the state. We think this ratio might be a better indicator than the actual salary for your buying power as a state resident.
Select a state to see local area details
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
0.00.51.01.52.02.5
Compare to similar jobs

If this job interests you, then use the dots below to find other jobs you might like. The dots closer to the top represent jobs that are like Budget analysts (shown with a blue star). Look for the dots to the right to find the best salaries! (We pulled salary data from BLS, and they give a top salary value of just over $200K to protect privacy, so our graph would go much higher if the salaries were not top coded.)

How should the career similarity be computed

There are a number of ways to measure the similarity of jobs, here are a few we provide:

  • Interests: Also known as a Holland Code - Are you a thinker? A helper? What fits your personality?
  • Environment: Are there hazards? Will you be comfortable? Will it be stressful?
  • Knowledge: What do you need to know the most about?
  • Physical Abilities: Do you need to especially strong or coordinated?
Ⓒ 2019 RipeData LLC. All Rights Reserved.