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The differences between budget analysts and general ledger 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 general ledger accountant. Additionally, a general ledger accountant has an average salary of $60,034, 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 general ledger accountant are reconciliations, GAAP, and balance sheet accounts.
| Budget Analyst | General Ledger Accountant | |
| Yearly salary | $56,598 | $60,034 |
| Hourly rate | $27.21 | $28.86 |
| Growth rate | 3% | 6% |
| Number of jobs | 50,081 | 81,408 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| 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.
A general ledger accountant is in charge of ensuring the accuracy of a company's overall accounting processes and information. It is their responsibility to communicate with different departments and officials to gather necessary data, conduct extensive audits, prepare documentation and reports, maintain financial data on the company ledger, and interpret financial information. Furthermore, like a general ledger accountant, it is essential to monitor the progress of accounting processes, all while implementing the company's policies and regulations.
Budget analysts and general ledger accountants have different pay scales, as shown below.
| Budget Analyst | General Ledger Accountant | |
| Average salary | $56,598 | $60,034 |
| Salary range | Between $42,000 And $76,000 | Between $47,000 And $76,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Virginia | California |
| Best paying company | Shenzhen Capital Group | Citi |
| Best paying industry | Government | Technology |
There are a few differences between a budget analyst and a general ledger accountant in terms of educational background:
| Budget Analyst | General Ledger Accountant | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between budget analysts' and general ledger accountants' demographics:
| Budget Analyst | General Ledger Accountant | |
| Average age | 47 | 44 |
| Gender ratio | Male, 45.7% Female, 54.3% | Male, 36.9% Female, 63.1% |
| 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, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.0% White, 61.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 13% | 7% |