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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.

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.

Learn more about what a Senior Budget Analyst does

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.

Learn More About How To Become a Senior Budget Analyst

Career Path For a Senior Budget Analyst

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

Average Salary for a Senior Budget Analyst

Senior Budget Analysts in America make an average salary of $69,249 per year or $33 per hour. The top 10 percent makes over $105,000 per year, while the bottom 10 percent under $45,000 per year.
Average Senior Budget Analyst Salary
$69,249 Yearly
$33.29 hourly

What Am I Worth?

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States With The Most Senior Budget Analyst Jobs

Mouse over a state to see the number of active senior budget analyst jobs in each state. The darker areas on the map show where senior budget analysts earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Senior Budget Analyst Jobs By State

RankStateNumber of JobsAverage Salary
1California2,007$74,587
2Texas987$57,883
3Virginia974$79,998
4New York810$69,753
5Florida785$56,619
6Illinois690$61,004
7Massachusetts553$79,825
8Maryland531$78,334
9Georgia516$52,710
10Washington502$70,130
11Pennsylvania437$71,738
12North Carolina432$55,055
13Colorado413$63,334
14Ohio386$70,277
15Arizona347$53,900
16New Jersey337$86,434
17Minnesota296$64,254
18Michigan280$70,940
19Indiana239$68,910
20Alabama236$62,150
21Tennessee227$54,026
22Missouri217$67,293
23Wisconsin198$64,358
24Oregon188$67,176
25Connecticut177$79,277
26Utah127$64,930
27South Carolina113$62,924
28Kentucky107$59,473
29Iowa103$57,058
30Kansas89$58,746
31Arkansas78$44,132
32Nevada77$63,785
33Nebraska70$55,031
34Louisiana68$59,277
35Delaware66$69,456
36Hawaii64$61,851
37New Mexico63$59,234
38Idaho58$61,117
39Oklahoma58$51,938
40New Hampshire53$67,727
41Rhode Island50$72,462
42Mississippi44$60,682
43Alaska41$60,721
44Montana35$50,167
45West Virginia33$81,300
46Maine31$80,774
47Vermont28$77,317
48North Dakota23$65,434
49South Dakota21$50,293
50Wyoming16$61,303

Senior Budget Analyst Education

Senior Budget Analyst Majors

30.0 %
15.5 %

Senior Budget Analyst Degrees

Bachelors

70.3 %

Masters

22.5 %

Associate

5.1 %

Top Colleges for Senior Budget Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition

$53,308

Enrollment

6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition

$7,488

Enrollment

30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

8. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition

$9,625

Enrollment

17,407

10. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

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, 8.4% of senior budget analysts listed financial management on their resume, but soft skills such as writing skills and analytical skills are important as well.

Choose From 10+ Customizable Senior Budget Analyst Resume templates

Zippia allows you to choose from different easy-to-use Senior Budget Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Senior Budget Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Senior Budget Analyst diversity

Senior Budget Analyst Gender Distribution

Male
Male
53%
Female
Female
47%

After extensive research and analysis, Zippia's data science team found that:

  • Among senior budget analysts, 47.3% of them are women, while 52.7% are men.

  • The most common race/ethnicity among senior budget analysts is White, which makes up 57.5% of all senior budget analysts.

  • The most common foreign language among senior budget analysts is Spanish at 53.8%.

Online Courses For Senior Budget Analyst That You May Like

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1. Budgeting essentials and development

coursera

The Budgeting Essentials and Development course focus on an integrative and practical view of concepts, methods, and techniques to develop a budget. After finishing this course, learners will be able to: - Develop the budget with a broad view of the corporate functions; - Integrate the strategic guidelines into the discussions of budgeting process; - Structure the budget planning and development in a logical sequence - Coordinate the project of budget planning with the different areas of the...

2. Budgeting and Scheduling Projects

coursera

A good project schedule helps all team members’ work together to meet project objectives. A project budget with realistic cost constraints is also an essential bedrock of any project. In this course you’ll learn to plan and stick to time and cost constraints in order to ensure the success of your projects. Upon completing this course, you will be able to: 1. Identify the resource needs of the project 2. Decompose work packages into activities 3. Define what is needed to estimate activity...

3. Financial Planning & Analysis: Building a Company's Budget

udemy
4.6
(7,087)

Learn the Fundamentals of Financial Planning and Position Your Career for Success!...

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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 New Jersey, West Virginia, Maine, and Virginia. Senior budget analysts make the most in New Jersey with an average salary of $86,434. Whereas in West Virginia and Maine, they would average $81,300 and $80,774, respectively. While senior budget analysts would only make an average of $79,998 in Virginia, 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. District of Columbia

Total Senior Budget Analyst Jobs: 328
Highest 10% Earn:
$141,000
Location Quotient:
3.82

2. Virginia

Total Senior Budget Analyst Jobs: 974
Highest 10% Earn:
$125,000
Location Quotient:
2.02

3. Massachusetts

Total Senior Budget Analyst Jobs: 553
Highest 10% Earn:
$118,000
Location Quotient:
1.18
Full List Of Best States For Senior Budget Analysts

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Top Senior Budget Analyst Employers

Most Common Employers For Senior Budget Analyst

RankCompanyAverage SalaryHourly RateJob Openings
1Intel$106,356$51.136
2Booz Allen Hamilton$106,269$51.0911
3AT&T$93,032$44.7313
4Northrop Grumman$91,818$44.1416
5Department of Homeland Security$85,376$41.057
6SAIC$85,093$40.9153
7U.S. Department of State$78,052$37.527
8Lockheed Martin$77,472$37.258
9National Railroad Passenger Corporation$75,402$36.255
10ManTech$72,515$34.8611