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The differences between budget analysts and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a budget analyst and an accounting analyst. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $56,598 average annual salary of a budget analyst.
The top three skills for a budget analyst include financial management, budget analysis and financial reports. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.
| Budget Analyst | Accounting Analyst | |
| Yearly salary | $56,598 | $58,399 |
| Hourly rate | $27.21 | $28.08 |
| Growth rate | 3% | 6% |
| Number of jobs | 50,081 | 81,097 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 74% |
| Average age | 47 | 44 |
| Years of experience | 4 | 4 |
A budget analyst supports organizations and businesses by organizing their financial resources to develop and execute budgets for them. A budget analyst is also responsible for evaluating budget proposals, analyzing data, extra funds redistribution, recommending spending cuts, preparing reports annually, and estimating spending requirements in the future. A budget analyst explores alternative funding methods and uses cost-benefit analyses. In addition, budget analysts also look at past budgets and research any financial developments that could affect income and expenditures.
An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.
Budget analysts and accounting analysts have different pay scales, as shown below.
| Budget Analyst | Accounting Analyst | |
| Average salary | $56,598 | $58,399 |
| Salary range | Between $42,000 And $76,000 | Between $42,000 And $79,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Virginia | New York |
| Best paying company | Shenzhen Capital Group | |
| Best paying industry | Government | Finance |
There are a few differences between a budget analyst and an accounting analyst in terms of educational background:
| Budget Analyst | Accounting Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between budget analysts' and accounting analysts' demographics:
| Budget Analyst | Accounting Analyst | |
| Average age | 47 | 44 |
| Gender ratio | Male, 45.7% Female, 54.3% | Male, 41.6% Female, 58.4% |
| Race ratio | Black or African American, 12.4% Unknown, 4.7% Hispanic or Latino, 15.3% Asian, 8.9% White, 57.7% American Indian and Alaska Native, 1.0% | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 13% | 7% |