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The differences between program finance 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 program finance analyst and a budget analyst. Additionally, a program finance analyst has an average salary of $57,254, which is higher than the $56,598 average annual salary of a budget analyst.
The top three skills for a program finance analyst include financial analysis, variance analysis and program management. The most important skills for a budget analyst are financial management, budget analysis, and financial reports.
| Program Finance Analyst | Budget Analyst | |
| Yearly salary | $57,254 | $56,598 |
| Hourly rate | $27.53 | $27.21 |
| Growth rate | 9% | 3% |
| Number of jobs | 154,305 | 50,081 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 70% |
| Average age | 40 | 47 |
| Years of experience | 4 | 4 |
A program finance analyst is an individual who supports the execution of program financial services to ensure effective and transparent utilization of financial resources. Program finance analysts must obtain and compile information regarding the credit history of loan applicants, corporate financial statements, and other financial information. They communicate with faculty members and business administrators about the company's financial status and provide recommendations for strategic planning. Program finance analysts must also monitor the financial performance of a project and provide analysis for project managers concerning burn rates and potential overruns.
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.
Program finance analysts and budget analysts have different pay scales, as shown below.
| Program Finance Analyst | Budget Analyst | |
| Average salary | $57,254 | $56,598 |
| Salary range | Between $42,000 And $76,000 | Between $42,000 And $76,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | Virginia |
| Best paying company | Microsoft | Shenzhen Capital Group |
| Best paying industry | Technology | Government |
There are a few differences between a program finance analyst and a budget analyst in terms of educational background:
| Program Finance Analyst | Budget Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between program finance analysts' and budget analysts' demographics:
| Program Finance Analyst | Budget Analyst | |
| Average age | 40 | 47 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 45.7% Female, 54.3% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | 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% |