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Working as 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 $35.94 an hour? That's $74,756 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.

When it comes to the most important skills required to be a senior budget analyst, we found that a lot of resumes listed 16.3% of senior budget analysts included financial statements, while 7.9% of resumes included financial management, and 6.6% of resumes included powerpoint. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the senior budget analyst job title. But what industry to start with? Most senior budget analysts actually find jobs in the technology and health care industries.

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 42.2% of senior budget analysts have a bachelor's degree. In terms of higher education levels, we found that 47.7% 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 master's degree degrees or bachelor'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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Average Salary$74,756
Job Growth Rate4%

Senior Budget Analyst Career Paths

Top Careers Before Senior Budget Analyst

Top Careers After Senior Budget Analyst

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Average Salary for a Senior Budget Analyst

Senior Budget Analysts in America make an average salary of $74,756 per year or $36 per hour. The top 10 percent makes over $100,000 per year, while the bottom 10 percent under $55,000 per year.
Average Salary
$74,756

Best Paying Cities

City
Average Salary
Washington, DC
Salary Range74k - 118k$94k$93,977
Stockton, CA
Salary Range74k - 119k$94k$93,944
Baltimore, MD
Salary Range67k - 107k$85k$84,939
Arlington, VA
Salary Range67k - 106k$85k$84,688
Boston, MA
Salary Range66k - 105k$84k$83,663
Olympia, WA
Salary Range68k - 100k$83k$83,203
$49k
$119k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Senior Budget Analyst
Senior Budget Analyst
SAIC
SAIC
01/29/2021
01/29/2021
$105,00101/29/2021
$105,001
Senior Budget Analyst
Senior Budget Analyst
SAIC
SAIC
01/29/2021
01/29/2021
$105,00101/29/2021
$105,001
Senior Budget Analyst
Senior Budget Analyst
SAIC
SAIC
01/29/2021
01/29/2021
$105,00101/29/2021
$105,001
Senior Budget Analyst
Senior Budget Analyst
SAIC
SAIC
01/29/2021
01/29/2021
$105,00101/29/2021
$105,001
Senior Budget Analyst
Senior Budget Analyst
SAIC
SAIC
01/29/2021
01/29/2021
$105,00101/29/2021
$105,001
See More Recent Salaries

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Senior Budget Analyst Demographics

Gender

male

51.5 %

female

44.1 %

unknown

4.4 %

Ethnicity

White

58.2 %

Black or African American

17.1 %

Hispanic or Latino

14.1 %

Foreign Languages Spoken

Spanish

53.8 %

French

15.4 %

Japanese

7.7 %
See More Demographics

Senior Budget Analyst Education

Majors

Business
32.3 %
Finance
16.1 %

Degrees

Masters

47.7 %

Bachelors

42.2 %

Certificate

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 • Public

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 • Public

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 • Public

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
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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 Maine, California, West Virginia, and Maryland. Senior budget analysts make the most in Maine with an average salary of $88,302. Whereas in California and West Virginia, they would average $87,429 and $86,123, respectively. While senior budget analysts would only make an average of $84,636 in Maryland, 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:
356
Highest 10% Earn:
$145,000
Location Quotient:
4.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Massachusetts

Total Senior Budget Analyst Jobs:
440
Highest 10% Earn:
$129,000
Location Quotient:
1.19
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Virginia

Total Senior Budget Analyst Jobs:
835
Highest 10% Earn:
$127,000
Location Quotient:
1.89
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Senior Budget Analyst Employers

1. United States Army
4.0
Avg. Salary: 
$83,786
Senior Budget Analysts Hired: 
21+
2. AT&T
4.8
Avg. Salary: 
$91,242
Senior Budget Analysts Hired: 
13+
3. ManTech International
4.8
Avg. Salary: 
$97,754
Senior Budget Analysts Hired: 
11+
4. Raytheon Company
4.5
Avg. Salary: 
$130,114
Senior Budget Analysts Hired: 
10+
5. Booz Allen Hamilton
4.8
Avg. Salary: 
$77,759
Senior Budget Analysts Hired: 
10+
6. Robert Half International
4.5
Avg. Salary: 
$78,642
Senior Budget Analysts Hired: 
9+
Updated October 2, 2020