What is a Senior Budget Analyst

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.

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.

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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Average Salary
$74,183
Average Salary
Job Growth Rate
4%
Job Growth Rate
Job Openings
28,492
Job Openings
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Average Salary for a Senior Budget Analyst

Senior Budget Analysts in America make an average salary of $74,183 per year or $36 per hour. The top 10 percent makes over $110,000 per year, while the bottom 10 percent under $49,000 per year.
Average Salary
$74,183
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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.

Senior Budget Analyst Resume
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Senior Budget Analyst Resume
Senior Budget Analyst Resume
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Senior Budget Analyst Demographics

Senior Budget Analyst Gender Statistics

male

52.7 %

female

47.3 %

Senior Budget Analyst Ethnicity Statistics

White

62.9 %

Black or African American

13.9 %

Hispanic or Latino

12.9 %

Senior Budget Analyst Foreign Languages Spoken Statistics

Spanish

53.8 %

French

15.4 %

Japanese

7.7 %
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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
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Online Courses For Senior Budget Analyst That You May Like

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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 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

Total Senior Budget Analyst Jobs:
177
Highest 10% Earn:
$136,000
Location Quotient:
1.04
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. District of Columbia

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

Total Senior Budget Analyst Jobs:
553
Highest 10% Earn:
$125,000
Location Quotient:
1.18
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
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

RankCompanyZippia ScoreAverage Senior Budget Analyst SalaryAverage Salary
1$101,206
2$87,505
3$85,649
4$83,090
5$81,220
6$80,584