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Budget engineer vs cost analyst

The differences between budget engineers and 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 engineer and a cost analyst. Additionally, a budget engineer has an average salary of $79,218, which is higher than the $54,158 average annual salary of a cost analyst.

Budget engineer vs cost analyst overview

Budget EngineerCost Analyst
Yearly salary$79,218$54,158
Hourly rate$38.09$26.04
Growth rate3%3%
Number of jobs96360,034
Job satisfaction--
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 74%
Average age4747
Years of experience44

Budget engineer vs cost analyst salary

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

Budget EngineerCost Analyst
Average salary$79,218$54,158
Salary rangeBetween $43,000 And $145,000Between $39,000 And $73,000
Highest paying City-Washington, DC
Highest paying state-Virginia
Best paying company-General Motors
Best paying industry-Automotive

Differences between budget engineer and cost analyst education

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

Budget EngineerCost Analyst
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 74%
Most common majorEngineering And Industrial ManagementBusiness
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Budget engineer vs cost analyst demographics

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

Budget EngineerCost Analyst
Average age4747
Gender ratioMale, 54.5% Female, 45.5%Male, 54.2% Female, 45.8%
Race ratioBlack or African American, 10.0% Unknown, 4.3% Hispanic or Latino, 10.6% Asian, 9.6% White, 64.5% American Indian and Alaska Native, 0.9%Black or African American, 10.1% Unknown, 4.7% Hispanic or Latino, 16.1% Asian, 8.6% White, 59.5% American Indian and Alaska Native, 1.0%
LGBT Percentage13%13%

Differences between budget engineer and cost analyst duties and responsibilities

Budget engineer example responsibilities.

  • Manage credit card revenue reporting and reconciliations for multiple credit card merchant accounts which include recommending and implementing process improvements.
  • Expedite and simplify the quotation process for solar water heating systems by accurately representing solar water heating system performance through MATLAB models
  • Perform periodic accounting activities including reconciliations of bank and credit card accounts, coordinate and complete annual audits as necessary.

Cost analyst example responsibilities.

  • Manage general ledger expense accounts assign to ERP implementation project.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Perform cost control, revenue analysis and variance analysis for several DOD contracts.
  • Identify parts that need to be realign to correct WBS s in order to bring costs inline.
  • Ensure that purchase orders and work orders are setup in accordance with establish DuPont procedures and appropriate WBS structures.
  • Perform fixed asset and manufacturing accounting within ERP system.
  • Show more

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