Budget coordinator vs senior cost analyst

The differences between budget coordinators and senior cost 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 senior cost analyst. Additionally, a senior cost analyst has an average salary of $77,845, 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 senior cost analyst are financial analysis, cost analysis, and cost estimates.

Budget coordinator vs senior cost analyst overview

	Budget Coordinator	Senior Cost Analyst
Yearly salary	$53,878	$77,845
Hourly rate	$25.90	$37.43
Growth rate	3%	3%
Number of jobs	23,021	53,872
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 78%
Average age	47	47
Years of experience	4	4

What does a budget coordinator do?

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.

What does a senior cost analyst do?

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.

Budget coordinator vs senior cost analyst salary

Budget coordinators and senior cost analysts have different pay scales, as shown below.

	Budget Coordinator	Senior Cost Analyst
Average salary	$53,878	$77,845
Salary range	Between $38,000 And $74,000	Between $57,000 And $105,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	California	California
Best paying company	Central State University	Apple
Best paying industry	Construction	Automotive

Differences between budget coordinator and senior cost analyst education

There are a few differences between a budget coordinator and a senior cost analyst in terms of educational background:

	Budget Coordinator	Senior Cost Analyst
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 78%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Budget coordinator vs senior cost analyst demographics

Here are the differences between budget coordinators' and senior cost analysts' demographics:

	Budget Coordinator	Senior Cost Analyst
Average age	47	47
Gender ratio	Male, 38.1% Female, 61.9%	Male, 63.5% Female, 36.5%
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, 10.1% Unknown, 4.5% Hispanic or Latino, 15.6% Asian, 7.9% White, 60.8% American Indian and Alaska Native, 1.0%
LGBT Percentage	13%	13%

Differences between budget coordinator and senior cost analyst duties and responsibilities

Budget coordinator example responsibilities.

Manage credit card revenue reporting and reconciliations for multiple credit card merchant accounts which include recommending and implementing process improvements.
Compile and reconcile monthly payroll expenses.
Create departmentalized payroll spreadsheets and monitor them biweekly.
Participate in PeopleSoft financial system upgrade testing to eliminate implementation challenges.
Prepare required reports relate to the grant project utilizing various software programs, including preparing computerize reports using PeopleSoft system.
Help Medicaid eligible members to secure both physical and behavioral services in the community by reviewing and preparing prior authorization requests.

Senior cost analyst example responsibilities.

Lead HFM and Essbase implementation efforts, including training of field and headquarters personnel.
Prepare and post journal entries, prepare balance sheet reconciliations and analysis of plant performance for presentation to internal management.
Work also include preliminary stages of SOX compliance and implementation at the plant level.
Run the entire tests for the SOX quarterly audit and check for any issue for the audit.
Finance representative on ERP system implementation team.
Prepare month-end accruals and perform month-end/year-end close.

Budget coordinator vs senior cost analyst skills

Common budget coordinator skills

Purchase Orders, 19%
Payroll, 7%
Invoice Processing, 6%
Financial Analysis, 5%
Journal Entries, 5%
Budget Process, 4%

Common senior cost analyst skills

Financial Analysis, 9%
Cost Analysis, 6%
Cost Estimates, 5%
Reconciliations, 5%
DOD, 4%
Variance Analysis, 4%

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Budget Coordinator vs Senior Cost Analyst

Updated January 8, 2025

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