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Become A Budget Officer

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Working As A Budget Officer

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

  • Repetitive

  • $83,000

    Average Salary

What Does A Budget Officer 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 Officer

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 Officer Career Paths

Budget Officer
Finance Manager Controller
Regional Controller
10 Yearsyrs
Finance Manager Manager Finance Planning And Analysis Controller
Director Of Administration & Finance
11 Yearsyrs
Finance Manager Senior Manager Controller
Director Of Accounting & Finance
11 Yearsyrs
Operations Officer Office Manager Accounting Manager
Division Controller
9 Yearsyrs
Operations Officer Office Manager Assistant Controller
Divisional Controller
9 Yearsyrs
Operations Officer Office Manager Administrative Manager
Administrative & Finance Manager
7 Yearsyrs
Program Analyst Consultant Accounting Manager
Corporate Accounting Manager
8 Yearsyrs
Program Analyst Consultant Senior Finance Analyst
Regional Finance Manager
9 Yearsyrs
Program Analyst Business Analyst Senior Finance Analyst
Budget Manager
6 Yearsyrs
Comptroller Business Manager Business Operations Manager
Senior Manager Of Business Operations
10 Yearsyrs
Comptroller Finance Director Finance Services Director
Revenue Director
13 Yearsyrs
Comptroller Business Manager Manager Finance Planning And Analysis
Manager-Finance Systems
8 Yearsyrs
Senior Finance Analyst Accounting Manager
Assistant Corporate Controller
9 Yearsyrs
Senior Budget Analyst Deputy Director Business Office Director
Business Services Director
10 Yearsyrs
Platoon Leader Staff Officer Senior Program Analyst
Program Management Specialist
8 Yearsyrs
Administrator Human Resources Generalist
Human Resources Contractor
9 Yearsyrs
Officer Program Officer Grant Manager
Grants Director
9 Yearsyrs
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Do you work as a Budget Officer?

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Do you work as a Budget Officer?

Average Yearly Salary
$83,000
Show Salaries
$44,000
Min 10%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$83,000
Median 50%
$156,000
Max 90%
Best Paying Company
Michigan State University
Highest Paying City
Grand Forks, ND
Highest Paying State
Colorado
Avg Experience Level
4.0 years
How much does a Budget Officer make at top companies?
The national average salary for a Budget Officer in the United States is $83,622 per year or $40 per hour. Those in the bottom 10 percent make under $44,000 a year, and the top 10 percent make over $157,000.

Real Budget Officer Salaries

Job Title Company Location Start Date Salary
Budget Officer/Analyst Blue Marlin Brand Design, Inc. New York, NY Jul 15, 2014 $97,000
Budget Officer City of San Bernardino San Bernardino, CA Jun 06, 2016 $96,912
Finance and Budget Systems Officer Center for Clinical Trials of San Gabriel West Covina, CA Nov 12, 2015 $93,226
Budget Officer Southeastern University, Inc. Lakeland, FL Aug 20, 2014 $79,993
Budget Officer/Assistant Controller Crown Food International LLC Islandia, NY Sep 15, 2014 $79,000
Finance and Budget Systems Officer Gonzales Medical Clinic, P.C. Yuma, AZ Jul 12, 2012 $72,550
Assistant Budget Officer Michigan State University East Lansing, MI Nov 18, 2012 $72,417
Budget Officer/Management Analyst Friedfield Breslin, LLC New York, NY Jan 18, 2011 $70,000
Budget Officer Visual Understanding In Education, Inc. New York, NY Oct 13, 2013 $70,000
Senior Budget Officer EZ Mailing Services Inc. Elizabeth, NJ Oct 23, 2015 $69,659
Assistant Budget Officer Michigan State University East Lansing, MI Nov 18, 2009 $68,800
Budget Officer Wordsearch Communications Inc. New York, NY Sep 27, 2015 $68,200
Budget Officer Korea Express USA Inc. Buena Park, CA Sep 20, 2013 $65,553
Senior Budget Officer Central Valley Medical Services Corp Fresno, CA Nov 16, 2016 $65,000
Budget Officer Management Sciences for Health, Inc. Cambridge, MA Nov 05, 2012 $64,917 -
$69,732
Budget Officer United Nations Foundation Washington, DC Jun 14, 2013 $61,813
Budget Officer EZ Mailing Services, Inc. Elizabeth, NJ Sep 27, 2013 $61,274
Budget Officer Hair Trend USA Suwanee, GA Dec 17, 2015 $60,800
Budget Officer Hair Trend USA Suwanee, GA Feb 05, 2016 $60,800
Budget Officer The Floor Maintenance Company LLC Irvine, CA Oct 15, 2010 $57,977
Budget Officer/Assistant Controller Soundview Broadcasting, LLC Islandia, NY Jan 01, 2014 $57,200
Budget Officer/Assistant Controller Soundview Broadcasting, LLC Islandia, NY Jan 01, 2011 $57,200
Budget Officer Finesaler, LLC Mamaroneck, NY Aug 18, 2016 $56,000
Accountant/Finance & Budget Officer Burt Lewis International, Corp. Chicago, IL Jan 25, 2010 $55,201 -
$26
Budget Officer Korean Chamber of Commerce of Los Angeles Los Angeles, CA Dec 15, 2010 $54,199
Budget Officer GMA Accessories Inc. South Hackensack, NJ Oct 01, 2010 $54,122 -
$60,000
Senior Budget Officer Powertech America, Inc. GA Sep 03, 2015 $53,851
Senior Budget Officer Powertech America, Inc. GA Feb 18, 2015 $53,851

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Top Skills for A Budget Officer

  1. Personnel Files
  2. Financial Statements
  3. Annual Budget
You can check out examples of real life uses of top skills on resumes here:
  • Administered and managed bookkeeping, end-of-period closing process, preparing financial statements, budgeting, and completing bank reconciliations.
  • Organized and executed annual budget training workshop.
  • Analyzed accounting records to determine financial resources required to implement academic programs.
  • Adhered to budget policies and procedures established by city guidelines and evaluated proposals for increase funding or transfer of funding.
  • Provided resource management oversight for all aspects of budgetary operations for a small military college.

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Average Salary:

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Top 10 Best States for Budget Officers

  1. Colorado
  2. North Dakota
  3. Oklahoma
  4. Minnesota
  5. Iowa
  6. Alabama
  7. New Mexico
  8. South Dakota
  9. Utah
  10. Wyoming
  • (33 jobs)
  • (4 jobs)
  • (17 jobs)
  • (22 jobs)
  • (21 jobs)
  • (22 jobs)
  • (4 jobs)
  • (5 jobs)
  • (5 jobs)
  • (0 jobs)

Budget Officer Demographics

Gender

Male

52.1%

Female

36.9%

Unknown

11.0%
Ethnicity

White

59.2%

Hispanic or Latino

14.8%

Black or African American

14.3%

Asian

7.0%

Unknown

4.7%
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Foreign Languages Spoken

Spanish

54.2%

German

8.3%

French

8.3%

Portuguese

4.2%

Dutch

4.2%

Cantonese

4.2%

Mandarin

4.2%

Korean

4.2%

Arabic

4.2%

Italian

4.2%
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Budget Officer Education

Schools

Webster University

18.7%

University of Maryland - University College

7.3%

Naval Postgraduate School

6.7%

University of Phoenix

6.7%

George Washington University

5.3%

Syracuse University

4.7%

Strayer University

4.7%

Howard University

4.0%

American University

4.0%

Central Michigan University

4.0%

Georgia State University

4.0%

Michigan State University

4.0%

Northcentral University

4.0%

University of Maryland - College Park

4.0%

Harvard University

3.3%

Troy University

3.3%

Columbia University

3.3%

University of Kentucky

2.7%

Pfeiffer University

2.7%

Liberty University

2.7%
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Majors

Business

34.6%

Accounting

20.3%

Finance

12.9%

Management

5.7%

Economics

4.1%

Public Administration

3.6%

Political Science

2.2%

Criminal Justice

2.0%

Human Resources Management

1.8%

Education

1.6%

Public Policy Analysis

1.3%

Project Management

1.3%

Liberal Arts

1.1%

Biology

1.1%

Psychology

1.1%

Supply Chain Management

1.1%

Information Technology

1.1%

General Education, Specific Areas

1.1%

Marketing

1.1%

International Relations

1.1%
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Degrees

Masters

44.4%

Bachelors

34.1%

Other

10.4%

Certificate

5.1%

Doctorate

3.1%

Associate

2.4%

Diploma

0.3%
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