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The differences between budget analysts and tax analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a budget analyst, becoming a tax analyst takes usually requires 1-2 years. Additionally, a tax analyst has an average salary of $61,745, 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 tax analyst are tax audits, reconciliations, and tax compliance.
| Budget Analyst | Tax Analyst | |
| Yearly salary | $56,598 | $61,745 |
| Hourly rate | $27.21 | $29.69 |
| Growth rate | 3% | -7% |
| Number of jobs | 50,081 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| Average age | 47 | 48 |
| Years of experience | 4 | 2 |
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 tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Budget analysts and tax analysts have different pay scales, as shown below.
| Budget Analyst | Tax Analyst | |
| Average salary | $56,598 | $61,745 |
| Salary range | Between $42,000 And $76,000 | Between $43,000 And $87,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Virginia | Maine |
| Best paying company | Shenzhen Capital Group | Meta |
| Best paying industry | Government | Technology |
There are a few differences between a budget analyst and a tax analyst in terms of educational background:
| Budget Analyst | Tax Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between budget analysts' and tax analysts' demographics:
| Budget Analyst | Tax Analyst | |
| Average age | 47 | 48 |
| Gender ratio | Male, 45.7% Female, 54.3% | Male, 42.9% Female, 57.1% |
| 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, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 8% |