Budget analyst vs finance management analyst

The differences between budget analysts and finance management 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 a finance management analyst. Additionally, a finance management analyst has an average salary of $71,934, 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 a finance management analyst are financial management, financial issues, and management reports.

Budget analyst vs finance management analyst overview

	Budget Analyst	Finance Management Analyst
Yearly salary	$56,598	$71,934
Hourly rate	$27.21	$34.58
Growth rate	3%	11%
Number of jobs	50,081	184,284
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 72%
Average age	47	44
Years of experience	4	4

What does a budget analyst do?

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.

What does a finance management analyst do?

A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.

Budget analyst vs finance management analyst salary

Budget analysts and finance management analysts have different pay scales, as shown below.

	Budget Analyst	Finance Management Analyst
Average salary	$56,598	$71,934
Salary range	Between $42,000 And $76,000	Between $49,000 And $104,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	Virginia	New York
Best paying company	Shenzhen Capital Group	Apple
Best paying industry	Government	Government

Differences between budget analyst and finance management analyst education

There are a few differences between a budget analyst and a finance management analyst in terms of educational background:

	Budget Analyst	Finance Management Analyst
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	University of Pennsylvania	Northwestern University

Budget analyst vs finance management analyst demographics

Here are the differences between budget analysts' and finance management analysts' demographics:

	Budget Analyst	Finance Management Analyst
Average age	47	44
Gender ratio	Male, 45.7% Female, 54.3%	Male, 54.2% Female, 45.8%
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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	13%	12%

Differences between budget analyst and finance management analyst duties and responsibilities

Budget analyst example responsibilities.

Write and document SAS, SPSS and SQL programs to automate standard processes.
Manage accounting data of expenditures in ledgers; ensure all transactions are re-serve for obligation.
Manage virtual war room database and prepare advanced PowerPoint presentations for high-level briefings.
Manage credit card revenue reporting and reconciliations for multiple credit card merchant accounts which include recommending and implementing process improvements.
Provide corporate financial support services for multiple contracts and various contract types (FFP, CPFF, CPAF, etc . )
Prepare and present EAC projections, customer financial reports, and documents for program reviews.

Finance management analyst example responsibilities.

Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
Review DTS authorizations for every traveler belonging to AEC.
Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.
Calculate salaries in preparation to cost transfer in GFEBS to the correct cost centers/ WBS elements (cost collectors).
Maintain accounting practices for the ambulatory surgery center in QuickBooks.

Budget analyst vs finance management analyst skills

Common budget analyst skills

Financial Management, 8%
Budget Analysis, 6%
Financial Reports, 5%
Financial Data, 4%
PowerPoint, 4%
Budget Estimates, 3%

Common finance management analyst skills

Financial Management, 13%
Financial Issues, 10%
Management Reports, 9%
Financial Policies, 9%
DOD, 9%
Budget Estimates, 8%

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Budget Analyst
Budget Analyst vs Finance Management Analyst

Updated January 8, 2025

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