Senior budget analysts are responsible for overseeing the financial resources of an organization. They oversee the allocation of funds, monitor the results of company investments, and advise on improved financial transactions for the future.
You might work for commercial organizations, state or government agencies. Educational institutions, non-profit organizations, or private businesses might hire you as well. Your main task will be creating annual budgets that cover all expenses and activities the organization has to fund over the course of a year. You will work closely together with management, making strategic decisions and working towards maintaining the financial equilibrium of the entity.
People in this position usually possess at least a bachelor's degree in business, accounting, or a finance-related field. As a senior professional, years of experience are behind you when you take on this role. You are obviously great with numbers and analytical thinking, you have a strong network and excellent interpersonal skills, and you are highly competent in handling databases, spreadsheets, and other software used for financial analysis. Your salary will reflect the complexity of your responsibilities, reaching an annual average of $74,000.
How to Become a Senior Budget Analyst
What is a Senior Budget Analyst
There is more than meets the eye when it comes to being a Senior Budget Analyst. For example, did you know that they make an average of $35.66 an hour? That's $74,183 a year!
Between 2018 and 2028, the career is expected to grow 4% and produce 2,400 job opportunities across the U.S.
What Does a Senior Budget Analyst Do
There are certain skills that many Senior Budget Analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Writing skills, Analytical skills and Communication skills.
How To Become a Senior Budget Analyst
If you're interested in becoming a Senior Budget Analyst, one of the first things to consider is how much education you need. We've determined that 70.3% of Senior Budget Analysts have a bachelor's degree. In terms of higher education levels, we found that 22.5% of Senior Budget Analysts have master's degrees. Even though most Senior Budget Analysts have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Senior Budget Analyst. When we researched the most common majors for a Senior Budget Analyst, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Senior Budget Analyst resumes include Associate Degree degrees or Diploma degrees.
You may find that experience in other jobs will help you become a Senior Budget Analyst. In fact, many Senior Budget Analyst jobs require experience in a role such as Budget Analyst. Meanwhile, many Senior Budget Analysts also have previous career experience in roles such as Finance Analyst or Senior Finance Analyst.
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Senior Budget Analyst Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of Senior Finance Analyst you might progress to a role such as Finance Manager eventually. Later on in your career, you could end up with the title Regional Controller.
Senior Budget Analyst Jobs You Might Like
What is the right job for my career path?
Tell us your goals and we'll match you with the rights job to get there.
Average Salary for a Senior Budget Analyst
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Find the best Senior Budget Analyst job for you
Senior Budget Analyst Jobs You Might Like
- High Paying Senior Budget Analyst Jobs - $110K and Up
- Entry Level Senior Budget Analyst Jobs
- Part Time Senior Budget Analyst Jobs
- Actively Hiring
- No Degree Senior Budget Analyst Jobs
Top Colleges for Senior Budget Analysts
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. SUNY at Binghamton
Vestal, NY • Private
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Private
7. Bentley University
Waltham, MA • Private
8. Boston University
Boston, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Private
10. New York University
New York, NY • Private
Find the best Senior Budget Analyst job for you
Senior Budget Analyst Jobs You Might Like
- High Paying Senior Budget Analyst Jobs - $110K and Up
- Entry Level Senior Budget Analyst Jobs
- Part Time Senior Budget Analyst Jobs
- Actively Hiring
- No Degree Senior Budget Analyst Jobs
Online Courses For Senior Budget Analyst That You May Like
Learn how to estimate costs for any project, how to determine budget and how to use Earned Value Management tools. 3 PDU...
Learn the Fundamentals of Financial Planning and Position Your Career for Success!...
Learn how to create and use budgets effectively in company large or small...
Top Skills For a Senior Budget Analyst
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.3% of Senior Budget Analysts listed Financial Statements on their resume, but soft skills such as Writing skills and Analytical skills are important as well.
Best States For a Senior Budget Analyst
Some places are better than others when it comes to starting a career as a Senior Budget Analyst. The best states for people in this position are Connecticut, New Jersey, California, and Maine. Senior Budget Analysts make the most in Connecticut with an average salary of $89,385. Whereas in New Jersey and California, they would average $87,972 and $85,839, respectively. While Senior Budget Analysts would only make an average of $83,806 in Maine, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Connecticut
$89,385
Avg. Salary
2. District of Columbia
$91,987
Avg. Salary
3. Massachusetts
$82,956
Avg. Salary