Budget analyst vs fund accountant

The differences between budget analysts and fund accountants 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 fund accountant. Additionally, a fund accountant has an average salary of $60,203, 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 fund accountant are reconciliations, calculation, and securities.

Budget analyst vs fund accountant overview

	Budget Analyst	Fund Accountant
Yearly salary	$56,598	$60,203
Hourly rate	$27.21	$28.94
Growth rate	3%	6%
Number of jobs	50,081	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 84%
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 fund accountant do?

A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.

Budget analyst vs fund accountant salary

Budget analysts and fund accountants have different pay scales, as shown below.

	Budget Analyst	Fund Accountant
Average salary	$56,598	$60,203
Salary range	Between $42,000 And $76,000	Between $44,000 And $80,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	Virginia	New York
Best paying company	Shenzhen Capital Group	Warburg Pincus
Best paying industry	Government	Finance

Differences between budget analyst and fund accountant education

There are a few differences between a budget analyst and a fund accountant in terms of educational background:

	Budget Analyst	Fund Accountant
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 84%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Budget analyst vs fund accountant demographics

Here are the differences between budget analysts' and fund accountants' demographics:

	Budget Analyst	Fund Accountant
Average age	47	44
Gender ratio	Male, 45.7% Female, 54.3%	Male, 61.5% Female, 38.5%
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, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	13%	7%

Differences between budget analyst and fund accountant 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.

Show more

Fund accountant example responsibilities.

Manage fund accounting activities for five funds for an investment manager with $80b in AUM.
Manage accoutningtransition from Quickbooks to Yardi.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Record efficiently accounting records, securities positions, corporate actions and journal entries accordance with department policies and procedures.
Process complex transactions for foreign and domestic bonds, equities, futures, and options.
Prepare annual and semi-annual financial statements using GAAP.

Show more

Budget analyst vs fund accountant skills

Common budget analyst skills

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

Common fund accountant skills

Reconciliations, 12%
Calculation, 5%
Securities, 5%
GAAP, 5%
Accruals, 5%
Journal Entries, 4%

Budget Analyst vs. similar jobs

Budget Analyst related careers

Budget Analyst related jobs

What similar roles do

Updated January 8, 2025

Browse business and financial jobs

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z