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Budget officer hiring summary. Here are some key points about hiring budget officers in the United States:
Here's a step-by-step budget officer hiring guide:
First, determine the employments status of the budget officer you need to hire. Certain budget officer roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A budget officer's background is also an important factor in determining whether they'll be a good fit for the position. For example, budget officers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents budget officer salaries for various positions.
| Type of Budget Officer | Description | Hourly rate |
|---|---|---|
| Budget Officer | Budget analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending. | $17-45 |
| Cost Analyst | Cost Analysts are employees with a strong background in finance or accounting. They are in charge of collecting financial data and analyzing the entries... Show more | $18-35 |
| Budget Analyst | 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... Show more | $20-36 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $95,959 | $46 |
| 2 | California | $78,800 | $38 |
| 3 | Connecticut | $71,547 | $34 |
| 4 | New Jersey | $65,534 | $32 |
| 5 | Pennsylvania | $64,460 | $31 |
| 6 | Colorado | $63,093 | $30 |
| 7 | Michigan | $62,209 | $30 |
| 8 | Missouri | $60,978 | $29 |
| 9 | New York | $60,020 | $29 |
| 10 | Oregon | $59,369 | $29 |
| 11 | Florida | $58,643 | $28 |
| 12 | Maryland | $58,105 | $28 |
| 13 | South Carolina | $56,929 | $27 |
| 14 | Minnesota | $56,908 | $27 |
| 15 | Nevada | $56,434 | $27 |
| 16 | New Mexico | $53,527 | $26 |
| 17 | Iowa | $51,201 | $25 |
| 18 | Nebraska | $50,527 | $24 |
| 19 | North Carolina | $48,490 | $23 |
| 20 | Georgia | $45,339 | $22 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Michigan State University | $76,480 | $36.77 | 6 |
| 2 | Global Communities | $75,158 | $36.13 | |
| 3 | International Rescue Committee | $72,512 | $34.86 | |
| 4 | National Park Foundation | $71,565 | $34.41 | 1 |
| 5 | United States Courts | $68,773 | $33.06 | 49 |
| 6 | PSEA | $66,892 | $32.16 | 2 |
| 7 | Visual Citi | $65,392 | $31.44 | |
| 8 | Air National Guard | $61,854 | $29.74 | |
| 9 | Colorado Christian University | $61,804 | $29.71 | 1 |
| 10 | Washington Metropolitan Area Transit Authority | $61,780 | $29.70 | |
| 11 | MSSG | $61,134 | $29.39 | |
| 12 | Minnesota State Fair | $58,172 | $27.97 | 12 |
| 13 | University of Iowa Center for Advancement | $54,699 | $26.30 | 7 |
| 14 | City San Bernardino | $52,332 | $25.16 | 4 |
| 15 | University of Kentucky | $51,217 | $24.62 | 5 |
| 16 | City of Rock Hill | $50,745 | $24.40 | 2 |
| 17 | City of Tracy | $50,505 | $24.28 | 1 |
| 18 | NC.gov | $45,852 | $22.04 | 65 |
| 19 | State of Georgia: Teachers Retirement System of Georgia | $45,390 | $21.82 | 55 |
| 20 | Southeastern University | $39,921 | $19.19 |
A job description for a budget officer role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a budget officer job description:
There are a few common ways to find budget officers for your business:
To successfully recruit budget officers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the budget officer candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
After that, you can create an onboarding schedule for a new budget officer. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire budget officers, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire budget officers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Budget officers earn a median yearly salary is $59,780 a year in the US. However, if you're looking to find budget officers for hire on a contract or per-project basis, hourly rates typically range between $17 and $45.