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The differences between fiscal analysts and budget 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 fiscal analyst and a budget analyst. Additionally, a budget analyst has an average salary of $56,598, which is higher than the $51,960 average annual salary of a fiscal analyst.
The top three skills for a fiscal analyst include payroll, financial data and management system. The most important skills for a budget analyst are financial management, budget analysis, and financial reports.
| Fiscal Analyst | Budget Analyst | |
| Yearly salary | $51,960 | $56,598 |
| Hourly rate | $24.98 | $27.21 |
| Growth rate | 6% | 3% |
| Number of jobs | 37,053 | 50,081 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Average age | 44 | 47 |
| Years of experience | 4 | 4 |
A fiscal analyst specializes in providing analytical services to help companies monitor and develop budgets and financial activities. Their responsibilities include gathering and analyzing financial data, conducting market research and analysis, arranging spreadsheets, updating databases, and producing regular budget reports and forecasts. To carry out their duties, they typically use special software and programs, coordinate with various departments, and have knowledge in court collections. Moreover, a fiscal analyst may assist staff, all while implementing the company's policies and regulations.
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. A budget analyst explores alternative funding methods and uses cost-benefit analyses. In addition, budget analysts also look at past budgets and research any financial developments that could affect income and expenditures.
Fiscal analysts and budget analysts have different pay scales, as shown below.
| Fiscal Analyst | Budget Analyst | |
| Average salary | $51,960 | $56,598 |
| Salary range | Between $35,000 And $75,000 | Between $42,000 And $76,000 |
| Highest paying City | Santa Rosa, CA | Washington, DC |
| Highest paying state | New Jersey | Virginia |
| Best paying company | Jacobs Engineering Group | Shenzhen Capital Group |
| Best paying industry | Health Care | Government |
There are a few differences between a fiscal analyst and a budget analyst in terms of educational background:
| Fiscal Analyst | Budget Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fiscal analysts' and budget analysts' demographics:
| Fiscal Analyst | Budget Analyst | |
| Average age | 44 | 47 |
| Gender ratio | Male, 39.4% Female, 60.6% | Male, 45.7% Female, 54.3% |
| Race ratio | Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.1% American Indian and Alaska Native, 0.5% | Black or African American, 12.4% Unknown, 4.7% Hispanic or Latino, 15.3% Asian, 8.9% White, 57.7% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 7% | 13% |