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.
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.
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.
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.