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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.
|Job Title||Company||Location||Start Date||Salary|
|Job Cost Analyst||Horsepower Electric and Maintenance Corp.||New York, NY||Jan 09, 2016||$130,000|
|Job Cost Analyst||S&E Bridge and Scaffold, LLC||Carlstadt, NJ||Sep 01, 2015||$130,000|
|Job Cost Analyst||Swing Staging, LLC||Islandia, NY||Sep 01, 2015||$130,000|
|Analyst Cost and Planning||Occidental Petroleum Corporation||Houston, TX||Jun 01, 2015||$114,400|
|Manufacturing Cost Analyst||VFT, Inc.||Montebello, CA||Sep 13, 2016||$99,133|
|Accounting/Cost Analyst||Multi Global Corp.||Pembroke Pines, FL||Dec 28, 2016||$86,341|
|Cost Analyst 4||Shaw Services, LLC||Charlotte, NC||Mar 02, 2016||$83,000 -
|Cost Analyst 4||Stone & Webster Services, LLC||Charlotte, NC||Oct 06, 2015||$83,000 -
|Construction Scheduling/Cost Analyst||Swinerton Incorporated||San Francisco, CA||Jul 15, 2015||$82,500|
|Cost Analyst||Turner Construction||Reston, VA||Jan 10, 2016||$80,000|
|Cost Analyst||Monsanto Company||Saint Louis, MO||Sep 08, 2016||$76,773|
|Production Cost Analyst||D & H Ladies Apparel LLC||NY||Feb 11, 2016||$76,066|
|Budget and Cost Analyst||LW Consolidated Inc.||Sunnyvale, CA||Sep 18, 2015||$75,795|
|Cost Analyst||URS Energy & Construction Inc.||Houston, TX||May 19, 2016||$75,000 -
|Cost Analyst||Clothing Emporium Inc.||Saddle Brook, NJ||Sep 15, 2016||$54,951|
|Cost Analyst||Victoria Cruises, Inc.||NY||Sep 01, 2015||$54,262|
|Budget/Cost Analyst||Dc Group, Inc.||Islandia, NY||Sep 05, 2015||$54,158|
|Cost Analyst||Jc Horizon Ltd||Ontario, CA||Sep 11, 2016||$53,768|
|Cost Analyst||WSM Investment LLC||Simi Valley, CA||Dec 19, 2016||$53,664|
|FAB Cost Analyst||Im Flash Technologies, LLC||Lehi, UT||Aug 22, 2016||$53,200|
|Cost Analyst||Wellmax USA Corporation DBA Starlux Corp.||Chicago, IL||Jul 23, 2015||$52,666|
|Cost Analyst 2||Jacobs Engineering Group Inc.||Herndon, VA||Aug 07, 2015||$52,379 -
|Material/Project Cost Analyst||SMS Infocomm Corporation||Grapevine, TX||Sep 13, 2016||$44,724|
|Cost Analyst||Athena Design Group||Chicago, IL||Sep 24, 2015||$44,179|
|Cost Analyst||Midtown Home Improvement, Inc.||OFallon, MO||Sep 01, 2015||$44,179|
|Cost Analyst||Wellmax USA Corporation||Chicago, IL||Sep 21, 2016||$44,179|
|Cost Analyst||Everlight Americas, Inc.||Carrollton, TX||Sep 05, 2015||$44,161|
|Cost Analyst||S&S International LLC||Houston, TX||Sep 18, 2016||$44,000|
|Cost Analyst||Top Hay, LLC||Compton, CA||Sep 18, 2016||$44,000|
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The Beginning Salary of any Business Management