Research Summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
Salaries have increased 7% for budget analysts in the last 5 years
Projected job growth for budget analysts is 4% from 2018-2028
There are over 32,144 budget analysts currently employed in the United States
There are 50,081 active budget analyst job openings in the US based on job postings
The average salary for a budget analyst is $56,598
Yes, budget analyst jobs are in demand. The job market for analysts is projected to grow 4% from 2018 to 2028.
|Year||# Of Jobs||% Of Population|
|Year||Avg. Salary||Hourly Rate||% Change|
Mouse over a state to see the number of active budget analyst jobs in each state. The darker areas on the map show where budget analysts earn the highest salaries across all 50 states.
|Rank||State||Population||# of Jobs||Employment/1000ppl|
|1||District of Columbia||693,972||368||53%|
|Rank||City||# of Jobs||Employment/1000ppl||Avg. Salary|
We spoke to professors and experts from several universities and companies to get their opinions on where the job market for recent graduates is heading, as well as how young graduates entering the industry can be adequately prepared. Here are their thoughts.
Valdosta State University
Department of Mathematics
Shaun Van Ault Ph.D.: Above all, a budget analyst needs to demonstrate attention to detail and the ability to focus for long periods on a large set of data. Experience working with spreadsheets is a must. All of these skills are developed as part of a mathematics degree.
Shaun Van Ault Ph.D.: Strong communication skills, including the ability to translate numerical/budget data into plain English.
Shaun Van Ault Ph.D.: Good number sense, familiarity with computers, spreadsheets, databases, etc.
Shaun Van Ault Ph.D.: A combination of analytical skills and strong leadership qualities.
Eastern Mennonite University
Mathematics and Computer Science Department
Stefano Colafranceschi Ph.D.: In my opinion, logic and organization are the two most essential soft skills. Logic drives the analysis process to make it efficient, complete, and effective. An organized and logical work enables further optimization and tuning to understand the implications of the strategies about to be implemented.
Stefano Colafranceschi Ph.D.: Definitively a team working attitude and communication skills. Nowadays, everything is accomplished within the realm of a team, so functioning well in that dynamic, diverse context is crucial. No matter your role in the team, use your capacity to contribute to the shared goal.
Of course, translating and abstracting your work to a larger audience should also be the focus of your activity.
Stefano Colafranceschi Ph.D.: Quantitative and technical skills like coding, knowledge of complex hardware and/or software systems, and the ability to perform quick and dirty calculations are of utmost importance. Depending on the context, specific skills might be required by the job, however, handling any type of computer language/framework plus a math-oriented mindset often is a winning mix.
Stefano Colafranceschi Ph.D.: Being flexible and adaptive to learn new things is probably the most versatile/good thing to have. Every job has its requirements but being proactive, and with a can-do attitude, ready to attack pending problems is an efficient way that will boost your career.