What does a budget and policy analyst do?
Budget and policy analyst responsibilities
Here are examples of responsibilities from real budget and policy analyst resumes:
- Manage credit card revenue reporting and reconciliations for multiple credit card merchant accounts which include recommending and implementing process improvements.
- Play key role in assisting senior management with data transfer to new ERP system during statewide transition project.
- Maintain oversight and auditing of all certify organizations and individuals statewide, ensuring regulatory compliance and issue sanctions for violations.
- Research and prepare reports for CMS, MFP and any other reports as needed as well as other duties as assigned.
- Facilitate the alignment of living donor policies with existing CMS regulations to minimize regulatory burden on transplant hospitals.
Budget and policy analyst skills and personality traits
We calculated that 11% of Budget And Policy Analysts are proficient in Financial Analysis, Policy Issues, and Budget Analysis. They’re also known for soft skills such as Detail oriented, Math skills, and Writing skills.
We break down the percentage of Budget And Policy Analysts that have these skills listed on their resume here:
- Financial Analysis, 11%
Revised an existing temporary staffing authorization form to reflect more financial analysis of the departments.
- Policy Issues, 10%
Attended meetings on policy issues and legislative budget hearings, which aided in understanding budget and policy issues.
- Budget Analysis, 9%
Presented monthly budget analysis for the Capital, Communications, and Contracts functional areas with divisional controller.
- Budget Preparation, 8%
Supported and participated in budget preparations, formulation, and presentation hearings.
- Budget Request, 7%
Evaluated the annual fiscal year budget request of assigned agencies, which ensured compliance with established budgetary policy.
- Local Government, 7%
Reviewed local government Comprehensive Plan amendments and consulted with legal constituents regarding any comments offered by the Department.
Most budget and policy analysts use their skills in "financial analysis," "policy issues," and "budget analysis" to do their jobs. You can find more detail on essential budget and policy analyst responsibilities here:
Detail oriented. One of the key soft skills for a budget and policy analyst to have is detail oriented. You can see how this relates to what budget and policy analysts do because "creating an efficient budget requires careful analysis of each budget item." Additionally, a budget and policy analyst resume shows how budget and policy analysts use detail oriented: "evaluate budget requests and provide a detailed analysis to the city manager. "
Math skills. Another soft skill that's essential for fulfilling budget and policy analyst duties is math skills. The role rewards competence in this skill because "budget analysts need math skills and the ability to use financial-management software and programs." According to a budget and policy analyst resume, here's how budget and policy analysts can utilize math skills in their job responsibilities: "organized statistics for state-required cost-efficiency reports, writing report which was transmitted to the state legislature. "
Writing skills. budget and policy analysts are also known for writing skills, which are critical to their duties. You can see how this skill relates to budget and policy analyst responsibilities, because "budget analysts must present written technical information in a way that is understandable to the intended audience." A budget and policy analyst resume example shows how writing skills is used in the workplace: "position entailed writing and editing over 300+ op-eds about progressive policy issues on the national stage. "
Analytical skills. For certain budget and policy analyst responsibilities to be completed, the job requires competence in "analytical skills." The day-to-day duties of a budget and policy analyst rely on this skill, as "budget analysts must be able to process a variety of information, evaluate costs and benefits, and solve complex problems." For example, this snippet was taken directly from a resume about how this skill applies to what budget and policy analysts do: "played key role in assisting senior management with data transfer to new erp system during statewide transition project. "
Communication skills. Another crucial skill for a budget and policy analyst to carry out their responsibilities is "communication skills." A big part of what budget and policy analysts relies on this skill, since "budget analysts must be able to explain and defend their analyses and recommendations in meetings and legislative committee hearings." How this skill relates to budget and policy analyst duties can be seen in an example from a budget and policy analyst resume snippet: "identified budget issues, provided alternative solutions, and resolved problems via written and face-to-face communication. "
The three companies that hire the most budget and policy analysts are:
- New York State Restaurant Association6 budget and policy analysts jobs
- City of Norfolk2 budget and policy analysts jobs
- State Bar of Michigan2 budget and policy analysts jobs
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Compare different budget and policy analysts
Budget and policy analyst vs. Budget examiner
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
These skill sets are where the common ground ends though. The responsibilities of a budget and policy analyst are more likely to require skills like "financial analysis," "policy issues," "budget analysis," and "local government." On the other hand, a job as a budget examiner requires skills like "account transactions," "capital budgets," "process models," and "mmars." As you can see, what employees do in each career varies considerably.
On average, budget examiners reach lower levels of education than budget and policy analysts. Budget examiners are 17.7% less likely to earn a Master's Degree and 3.1% more likely to graduate with a Doctoral Degree.Budget and policy analyst vs. Analyst
Senior cost analysts are lead professionals who collaborate with a variety of departments to gather financial data and perform analysis to uncover inefficiencies. These analysts are required to develop accurate cost estimates that are used in producing pricing quotations on products and programs. They must utilize the enterprise resource planning (ERP) business system to track the quotation process and maintain standard costs through cost roll activities. Senior cost analysts must also collaborate with managers to facilitate initiatives and projects that are cost-saving.
In addition to the difference in salary, there are some other key differences worth noting. For example, budget and policy analyst responsibilities are more likely to require skills like "policy issues," "budget analysis," "budget preparation," and "budget request." Meanwhile, an analyst has duties that require skills in areas such as "customer service," "troubleshoot," "data analysis," and "management system." These differences highlight just how different the day-to-day in each role looks.
Analysts earn a higher average salary than budget and policy analysts. But analysts earn the highest pay in the technology industry, with an average salary of $79,330. Additionally, budget and policy analysts earn the highest salaries in the professional with average pay of $75,206 annually.In general, analysts achieve lower levels of education than budget and policy analysts. They're 28.4% less likely to obtain a Master's Degree while being 3.1% less likely to earn a Doctoral Degree.Budget and policy analyst vs. Budget counselor
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a budget and policy analyst is likely to be skilled in "financial analysis," "policy issues," "budget analysis," and "budget preparation," while a typical budget counselor is skilled in "hs," "program monitoring," "client intake," and "ged."
Most budget counselors achieve a lower degree level compared to budget and policy analysts. For example, they're 13.9% less likely to graduate with a Master's Degree, and 3.8% less likely to earn a Doctoral Degree.Budget and policy analyst vs. Senior cost analyst
Even though a few skill sets overlap between budget and policy analysts and senior cost analysts, there are some differences that are important to note. For one, a budget and policy analyst might have more use for skills like "policy issues," "budget analysis," "budget preparation," and "budget request." Meanwhile, some responsibilities of senior cost analysts require skills like "cost analysis," "cost estimates," "reconciliations," and "dod. "
In general, senior cost analysts earn the most working in the automotive industry, with an average salary of $87,357. The highest-paying industry for a budget and policy analyst is the professional industry.The average resume of senior cost analysts showed that they earn lower levels of education compared to budget and policy analysts. So much so that theyacirc;euro;trade;re 25.4% less likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 1.3%.Types of budget and policy analyst
Updated January 8, 2025
