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The differences between budget analysts and junior 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 junior accountant. Additionally, a budget analyst has an average salary of $56,598, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for a budget analyst include financial management, budget analysis and financial reports. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Budget Analyst | Junior Accountant | |
| Yearly salary | $56,598 | $50,444 |
| Hourly rate | $27.21 | $24.25 |
| Growth rate | 3% | 6% |
| Number of jobs | 50,081 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| 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.
Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.
Budget analysts and junior accountants have different pay scales, as shown below.
| Budget Analyst | Junior Accountant | |
| Average salary | $56,598 | $50,444 |
| Salary range | Between $42,000 And $76,000 | Between $38,000 And $66,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Virginia | New York |
| Best paying company | Shenzhen Capital Group | Fuhu |
| Best paying industry | Government | Construction |
There are a few differences between a budget analyst and a junior accountant in terms of educational background:
| Budget Analyst | Junior Accountant | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between budget analysts' and junior accountants' demographics:
| Budget Analyst | Junior Accountant | |
| Average age | 47 | 44 |
| Gender ratio | Male, 45.7% Female, 54.3% | Male, 39.6% Female, 60.4% |
| 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, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 13% | 7% |