Budget officer vs senior cost analyst

The differences between budget officers 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 officer and a senior cost analyst. Additionally, a senior cost analyst has an average salary of $77,845, which is higher than the $59,780 average annual salary of a budget officer.

The top three skills for a budget officer include financial management, oversight and budget formulation. The most important skills for a senior cost analyst are financial analysis, cost analysis, and cost estimates.

Budget officer vs senior cost analyst overview

	Budget Officer	Senior Cost Analyst
Yearly salary	$59,780	$77,845
Hourly rate	$28.74	$37.43
Growth rate	3%	3%
Number of jobs	56,413	53,872
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 78%
Average age	47	47
Years of experience	4	4

Budget officer vs senior cost analyst salary

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

	Budget Officer	Senior Cost Analyst
Average salary	$59,780	$77,845
Salary range	Between $37,000 And $94,000	Between $57,000 And $105,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	California	California
Best paying company	Michigan State University	Apple
Best paying industry	Government	Automotive

Differences between budget officer and senior cost analyst education

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

	Budget Officer	Senior Cost Analyst
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 78%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Budget officer vs senior cost analyst demographics

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

	Budget Officer	Senior Cost Analyst
Average age	47	47
Gender ratio	Male, 58.7% Female, 41.3%	Male, 63.5% Female, 36.5%
Race ratio	Black or African American, 12.4% Unknown, 4.7% Hispanic or Latino, 15.3% Asian, 7.9% White, 58.8% 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 officer and senior cost analyst duties and responsibilities

Budget officer example responsibilities.

Manage accounting data of expenditures in ledgers; ensure all transactions are re-serve for obligation.
Perform manpower and payroll analysis.
Maintain appropriate controls over payroll processes and disbursements.
Review commitments, obligations and expenditures and reconcile monthly reports on transactions process in DoD accounting systems.
Prepare the monthly financial statements in accordance with GAAP and the monthly Asset/Liability management reports.
Utilize agency allocation letters, spending plans and FTE utilization are develop within funding resources.

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 officer vs senior cost analyst skills

Common budget officer skills

Financial Management, 10%
Oversight, 9%
Budget Formulation, 5%
Budget Process, 5%
Financial Analysis, 5%
Financial Resources, 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 Officer vs Senior Cost Analyst

Updated January 8, 2025

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