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The differences between budget analysts and 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 analyst. Additionally, an analyst has an average salary of $73,007, 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 analyst are customer service, troubleshoot, and data analysis.
| Budget Analyst | Analyst | |
| Yearly salary | $56,598 | $73,007 |
| Hourly rate | $27.21 | $35.10 |
| Growth rate | 3% | 11% |
| Number of jobs | 50,081 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| 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.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Budget analysts and analysts have different pay scales, as shown below.
| Budget Analyst | Analyst | |
| Average salary | $56,598 | $73,007 |
| Salary range | Between $42,000 And $76,000 | Between $53,000 And $99,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | Virginia | New Jersey |
| Best paying company | Shenzhen Capital Group | The Citadel |
| Best paying industry | Government | Technology |
There are a few differences between a budget analyst and an analyst in terms of educational background:
| Budget Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between budget analysts' and analysts' demographics:
| Budget Analyst | Analyst | |
| Average age | 47 | 44 |
| Gender ratio | Male, 45.7% Female, 54.3% | Male, 52.4% Female, 47.6% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 13% | 12% |