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Become A Budget Coordinator

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Working As A Budget Coordinator

  • Interacting With Computers
  • Getting Information
  • Analyzing Data or Information
  • Processing Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Repetitive

  • $68,000

    Average Salary

What Does A Budget Coordinator Do

Budget analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending.

Duties

Budget analysts typically do the following:

  • Work with program and project managers to develop the organization's budget
  • Review managers' budget proposals for completeness, accuracy, and compliance with laws and other regulations
  • Combine all the program and department budgets together into a consolidated organizational budget and review all funding requests for merit
  • Explain their recommendations for funding requests to others in the organization, legislators, and the public
  • Help the chief operations officer, agency head, or other top managers analyze proposed plans and find alternatives if the projected results are unsatisfactory
  • Monitor organizational spending to ensure that it is within budget
  • Inform program managers of the status and availability of funds
  • Estimate future financial needs

Budget analysts advise various institutions—including governments, universities, and businesses—on how to organize their finances. They prepare annual and special reports and evaluate budget proposals. They analyze data to determine the costs and benefits of various programs and recommend funding levels based on their findings. Although elected officials (in government) or top executives (in a private company) usually make the final decision on an organization's budget, they rely on the work of budget analysts to prepare the information for that decision.

Sometimes, budget analysts use cost-benefit analyses to review financial requests, assess program tradeoffs, and explore alternative funding methods. Budget analysts also may examine past budgets and research economic and financial developments that affect the organization's income and expenditures. Budget analysts may recommend program spending cuts or redistributing extra funds.

Throughout the year, budget analysts oversee spending to ensure compliance with the budget and determine whether changes to funding levels are needed for certain programs. Analysts also evaluate programs to determine whether they are producing the desired results.

In addition to providing technical analysis, budget analysts must effectively communicate their recommendations to officials within the organization. For example, if there is a difference between the approved budget and actual spending, budget analysts may write a report explaining the variations and recommend changes to reconcile the differences.

Budget analysts working in government attend committee hearings to explain their recommendations to legislators. Occasionally, budget analysts may evaluate how well a program is doing, provide policy analysis, and draft budget-related legislation.

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How To Become A Budget Coordinator

A bachelor’s degree is typically required to become a budget analyst, although some employers prefer candidates with a master’s degree.

Education

Employers generally require budget analysts to have at least a bachelor's degree. However, some employers may require candidates to have a master’s degree. Because developing a budget requires strong numerical and analytical skills, courses in statistics or accounting are helpful. Federal, state, and local governments have varying requirements, but usually require a bachelor's degree in one of many areas, such as accounting, finance, business, public administration, economics, statistics, political science, or sociology.

Sometimes, budget-related or finance-related work experience can be substituted for formal education.

Licenses, Certifications, and Registrations

Government budget analysts may earn the Certified Government Financial Manager credential from the Association of Government Accountants. To earn this certification, candidates must have a minimum of a bachelor's degree, 24 credit hours of study in financial management, 2 years of professional-level experience in governmental financial management, and they must pass a series of exams. To keep the certification, budget analysts must take 80 hours of continuing education every 2 years.

Advancement

Entry-level budget analysts begin with limited responsibilities, but advancement is common. As analysts gain experience, they have the opportunity to advance to intermediate and senior budget analyst positions.

Important Qualities

Analytical skills. Budget analysts must be able to process a variety of information, evaluate costs and benefits, and solve complex problems.

Communication skills. Budget analysts need strong communication skills because they often have to explain and defend their analyses and recommendations in meetings and legislative committee hearings.

Detail oriented. Creating an efficient budget requires careful analysis of each budget item.

Math skills. Most budget analysts need math skills and should be able to use certain software, including spreadsheets, database functions, and financial analysis programs.

Writing skills. Budget analysts must present technical information in writing that is understandable for the intended audience.

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Budget Coordinator Career Paths

Budget Coordinator
Accountant Senior Accountant
Accounting Manager
7 Yearsyrs
Accountant Senior Accountant Accounting Manager
Controller
9 Yearsyrs
Accountant Finance Analyst Senior Finance Analyst
Finance Manager
7 Yearsyrs
Finance Analyst Senior Accountant Controller
Finance Vice President
10 Yearsyrs
Finance Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Project Coordinator Consultant Finance Manager
Senior Finance Manager
11 Yearsyrs
Project Coordinator Executive Assistant Office Manager
Accounts Payable Manager
7 Yearsyrs
Project Coordinator Consultant Accounting Manager
Division Controller
9 Yearsyrs
Budget Analyst Senior Finance Analyst Controller
Director Of Operations And Finance
11 Yearsyrs
Budget Analyst Finance Manager Controller
Assistant Director Of Finance
7 Yearsyrs
Budget Analyst Accounting Manager
Comptroller
6 Yearsyrs
Accounts Payable Clerk Buyer Supply Chain Analyst
Senior Supply Chain Analyst
7 Yearsyrs
Accounts Payable Clerk Executive Assistant Business Manager
Business Operations Manager
8 Yearsyrs
Accounts Payable Clerk Consultant Assistant Controller
Divisional Controller
9 Yearsyrs
Staff Accountant Team Leader Assistant Director
Assistant Director Of Operations
5 Yearsyrs
Staff Accountant Executive Assistant Project Administrator
Senior Project Coordinator
7 Yearsyrs
Staff Accountant Senior Consultant Managing Director
Revenue Director
13 Yearsyrs
Accounting Coordinator Cost Accountant Cost Accounting Manager
Budget Manager
6 Yearsyrs
Accounting Coordinator Finance Coordinator Grant Accountant
Grant Manager
8 Yearsyrs
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Do you work as a Budget Coordinator?

Average Yearly Salary
$68,000
Show Salaries
$40,000
Min 10%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$116,000
Max 90%
Best Paying Company
Colgate-Palmolive
Highest Paying City
San Francisco, CA
Highest Paying State
Minnesota
Avg Experience Level
3.3 years
How much does a Budget Coordinator make at top companies?
The national average salary for a Budget Coordinator in the United States is $68,853 per year or $33 per hour. Those in the bottom 10 percent make under $40,000 a year, and the top 10 percent make over $116,000.

Real Budget Coordinator Salaries

Job Title Company Location Start Date Salary
Budget Coordinator High Sierra Pools, Inc. Arlington, VA Mar 30, 2016 $95,930
Budget Coordinator Cellar of Amelie, LLC New York, NY Sep 15, 2016 $93,915
Budget Coordinator High Sierra Pools Inc. Arlington, VA Oct 07, 2013 $75,654
Budget Coordinator G-CNY Group LLC New York, NY Sep 21, 2016 $66,888
Engineering Program Budget Coordinator Stoneridge, Inc. Lexington, OH Nov 09, 2016 $66,477 -
$81,477
Engineering Program Budget Coordinator Stoneridge, Inc. Lexington, OH Oct 21, 2016 $65,190 -
$85,190
Budget Coordinator Mana International Group, Inc. Chantilly, VA Aug 18, 2014 $63,654
Budget Coordinator IMG Academies, LLP Bradenton, FL May 02, 2012 $63,000
Budget Coordinator IMG Academies, LLP Bradenton, FL Sep 07, 2011 $63,000
Budget Coordinator LHOR Inc. Newark, NJ Sep 18, 2013 $61,274
Budget Coordinator Us Defib Medical Technologies LLC Medley, FL Jul 25, 2016 $60,500
Budget Coordinator Pinnacle Technical Resources, Inc. Dallas, TX Nov 01, 2016 $59,966
Budget Coordinator CLT Computers, Inc. Walnut, CA Apr 09, 2016 $59,500
Budget Coordinator Renaissance Collection New York, NY Sep 20, 2013 $56,182
Coordinator of Tennis Instructional Program Budget Grand Slam Tennis Club, Inc. Bedford, NY Oct 01, 2011 $55,000
Cost Accounting and Budget Coordinator American Glasscrafters, Inc. Carlstadt, NJ Sep 13, 2014 $55,000
Cost Accounting and Budget Coordinator American Glasscrafters, Inc. Carlstadt, NJ Sep 17, 2015 $55,000
Budget Coordinator The Everglades Club Palm Beach, FL Jan 08, 2015 $55,000
Budgeting Coordinator Moving Picture Company LLC New York, NY Jun 08, 2015 $54,500
Budget Coordinator Princeton International School of Mathematics and Princeton, NJ Sep 16, 2014 $54,330
Budget Coordinator Research Foundation of Cuny New York, NY Sep 06, 2016 $54,012
Binational Budget Coordinator Dudfields Holdings, Inc. Celebration, FL Jun 29, 2010 $49,817
Budget Coordinator Ac1 Supply, Inc. Miami, FL Jan 26, 2016 $48,984
Budget Coordinator MGP Motor Holdings LLC Miami, FL Sep 13, 2013 $48,180
Budget Coordinator Cohabi Trading LLC Doral, FL Sep 15, 2013 $48,120
Budget Coordinator Abraham Natural Foods Corp Islandia, NY Oct 01, 2011 $48,105
Budget Coordinator NFI Co., Inc. Garfield, NJ Oct 01, 2012 $48,105
Budget Coordinator Mayor Car Sales and Leasing, Inc. Doral, FL Sep 16, 2014 $48,000
Budget Coordinator Pinnacle Technical Resources, Inc. Dallas, TX Sep 20, 2012 $48,000

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Top Skills for A Budget Coordinator

  1. Financial Statements
  2. Annual Budget
  3. Purchase Orders
You can check out examples of real life uses of top skills on resumes here:
  • Worked with hospital service-line managers to prepare annual budget.
  • Reconciled purchase orders and ensured timely payment of any outstanding balances.
  • Set up vendors in AB Mall, created Purchase Orders, and paid over 200 vendor invoices per month.
  • Handle multifaceted clerical tasks (e.g., data entry, filing, records management and billing).
  • Investigated and resolved financial discrepancies; prepared expense transfers, justifications and journal entries.

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Top 10 Best States for Budget Coordinators

  1. Minnesota
  2. Maryland
  3. Massachusetts
  4. District of Columbia
  5. Rhode Island
  6. Iowa
  7. North Dakota
  8. Illinois
  9. Colorado
  10. Virginia
  • (230 jobs)
  • (296 jobs)
  • (477 jobs)
  • (165 jobs)
  • (40 jobs)
  • (115 jobs)
  • (23 jobs)
  • (441 jobs)
  • (176 jobs)
  • (365 jobs)

Budget Coordinator Demographics

Gender

Female

55.3%

Male

33.5%

Unknown

11.2%
Ethnicity

White

58.7%

Hispanic or Latino

18.2%

Black or African American

11.6%

Asian

7.9%

Unknown

3.7%
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Foreign Languages Spoken

Spanish

53.8%

French

7.7%

Portuguese

5.8%

Vietnamese

3.8%

German

3.8%

Russian

3.8%

Polish

3.8%

Italian

3.8%

Chinese

1.9%

Mandarin

1.9%

Romanian

1.9%

Shona

1.9%

Japanese

1.9%

Greek

1.9%

Armenian

1.9%
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Budget Coordinator Education

Schools

University of Phoenix

15.6%

New York University

6.7%

University of Toledo

5.6%

Centenary College

5.6%

Strayer University

5.6%

George Washington University

4.4%

Middle Tennessee State University

4.4%

University of Maryland - College Park

4.4%

Saint John's University - New York

4.4%

University of Wisconsin - Milwaukee

4.4%

University of Houston

4.4%

University of Massachusetts Amherst

4.4%

University of Maryland - University College

4.4%

Liberty University

4.4%

American University

4.4%

University of Alabama

3.3%

Michigan State University

3.3%

Mercy College - Dobbs Ferry

3.3%

Wake Technical Community College

3.3%

Western Washington University

3.3%
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Majors

Business

36.0%

Accounting

20.8%

Finance

11.3%

Marketing

4.1%

Management

3.5%

Psychology

2.8%

Public Administration

2.6%

Education

2.4%

Economics

2.0%

Criminal Justice

2.0%

Political Science

2.0%

Communication

1.7%

Human Resources Management

1.7%

Computer Science

1.3%

Liberal Arts

1.3%

Management Science

0.9%

Health Care Administration

0.9%

Information Technology

0.9%

Information Systems

0.9%

Computer Information Systems

0.9%
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Degrees

Bachelors

44.5%

Masters

27.9%

Other

14.8%

Associate

6.5%

Certificate

3.7%

Doctorate

1.2%

Diploma

0.7%

License

0.6%
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