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The differences between budget coordinators and budget analysts 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 coordinator and a budget analyst. Additionally, a budget analyst has an average salary of $56,598, which is higher than the $53,878 average annual salary of a budget coordinator.
The top three skills for a budget coordinator include purchase orders, payroll and invoice processing. The most important skills for a budget analyst are financial management, budget analysis, and financial reports.
| Budget Coordinator | Budget Analyst | |
| Yearly salary | $53,878 | $56,598 |
| Hourly rate | $25.90 | $27.21 |
| Growth rate | 3% | 3% |
| Number of jobs | 23,021 | 50,081 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Average age | 47 | 47 |
| Years of experience | 4 | 4 |
A budget coordinator is responsible for ensuring that company departments comply with budget guidelines and regulations. They usually work in an office setting where they are in charge of gathering and analyzing checks, invoices, bills, and monthly financial statements to ensure that all expenses align with the set budget. They also reach out to various offices when overspending is detected, performing corrective measures as necessary. Moreover, as a budget coordinator, it is essential to implement the company's budget regulations and policies while producing regular budget reports.
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.
Budget coordinators and budget analysts have different pay scales, as shown below.
| Budget Coordinator | Budget Analyst | |
| Average salary | $53,878 | $56,598 |
| Salary range | Between $38,000 And $74,000 | Between $42,000 And $76,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | California | Virginia |
| Best paying company | Central State University | Shenzhen Capital Group |
| Best paying industry | Construction | Government |
There are a few differences between a budget coordinator and a budget analyst in terms of educational background:
| Budget Coordinator | Budget Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between budget coordinators' and budget analysts' demographics:
| Budget Coordinator | Budget Analyst | |
| Average age | 47 | 47 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 45.7% Female, 54.3% |
| Race ratio | Black or African American, 9.6% Unknown, 4.7% Hispanic or Latino, 16.6% Asian, 9.0% White, 59.0% American Indian and Alaska Native, 1.0% | 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% |
| LGBT Percentage | 13% | 13% |