How To Become A Fiscal Analyst: What It Is and Career Path

What is a fiscal analyst and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Keith Kerr Prof.

A fiscal analyst is a finance professional who collects and maintains accounting information and financial data for an organization, a business, or a financial institution. A fiscal analyst collects financial data such as profit and losses, market gains and trends, analyzes the data, and generates reports for upper management and related clients.

Fiscal analysts assist accounting and sales and marketing teams in streamlining business initiatives and goals and work to provide information as to how a business can best increase its market share and boost profitability. A fiscal analyst also helps marketing teams to identify new markets and sales opportunities.

Most fiscal analysts have an associate's or a bachelor's degree in finance, accounting, marketing, or a related field, and have a strong background in analyzing the fiscal impact of particular business practices. These individuals can work in a variety of fields and should possess strong analytical, organizational, finance, mathematical, and communication skills. They should also have a broad knowledge of economic trends and business models. Depending on the employer, a fiscal analyst can make up to $46,00 per year, and the career field is expected to grow 6% by 2028.

What general advice would you give to a fiscal analyst?

Keith Kerr Prof.

There are two approaches to maximizing your salary potential, but only one approach that is completely under our control. While we can learn the best ways to approach employers to advocate for raises and promotions, the outcome of this is dependent on many external factors. What you can control, however, is how you manage the money that you do make. Taking the time to make a detailed budget of your income, expenses and debts allows one to find ways to control their spending, thus generating extra cash for saving and investing each month.

ScoreFiscal AnalystUS Average

Salary

4.1

Avg. Salary $51,960

Avg. Salary $59,228

Stability level

5.4

Growth rate 6%

Growth rate 0.3%

Diversity

6.4

Race

American Indian and Alaska Native 0.46%

Asian 12.23%

Black or African American 8.46%

Hispanic or Latino 10.79%

Unknown 3.95%

White 64.11%

Gender

female 60.61%

male 39.39%

Age - 43

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43

Stress level

5.4

Stress level is manageable

7.1 - high

Complexity level

8.3

Complexity level is challenging

7 - challenging

Work life balance

6.7

Work life balance is good

6.4 - fair

Key steps to become a fiscal analyst

Explore fiscal analyst education requirements

Most common fiscal analyst degrees

Bachelor's

65.6 %

Master's

18.0 %

Associate

11.8 %

Start to develop specific fiscal analyst skills

Skills	Percentages
Payroll	8.76%
Financial Data	6.60%
Management System	5.41%
GAAP	4.65%
Financial Statements	4.58%

Complete relevant fiscal analyst training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New fiscal analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a fiscal analyst based on U.S. Bureau of Labor Statistics data and data from real fiscal analyst resumes.

Research fiscal analyst duties and responsibilities

Manage the UW system approvals such as eProcurement including pro-cards, CTA and ARIBA transactions.
Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
Develop fiscal reports for initiatives for state legislature concerning the Medicare and Medicaid programs.
Maintain GAAP and SAAM through careful examination of request employee and vendor reimbursements.

Prepare your fiscal analyst resume

When your background is strong enough, you can start writing your fiscal analyst resume.

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