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Senior budget analyst hiring summary. Here are some key points about hiring senior budget analysts in the United States:
Here's a step-by-step senior budget analyst hiring guide:
A senior budget analyst analyzes the finances of their company. They monitor their company's financial data to gain new insights to make a profit. They create budgets for departments, increase the efficiency of company systems, and prepare reports and financial statements.
Before you post your senior budget analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a senior budget analyst for hire on a part-time basis or as a contractor.
A senior budget analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior budget analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of senior budget analysts and their corresponding salaries.
| Type of Senior Budget Analyst | Description | Hourly rate |
|---|---|---|
| Senior Budget Analyst | Budget analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending. | $21-50 |
| Finance Analyst | A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios... Show more | $22-50 |
| Analyst | Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more | $25-47 |
Including a salary range in your senior budget analyst job description is one of the best ways to attract top talent. A senior budget analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $91,583 | $44 |
| 2 | New Jersey | $86,783 | $42 |
| 3 | Virginia | $81,737 | $39 |
| 4 | Massachusetts | $79,835 | $38 |
| 5 | California | $79,817 | $38 |
| 6 | Maryland | $78,512 | $38 |
| 7 | Pennsylvania | $72,055 | $35 |
| 8 | Washington | $71,359 | $34 |
| 9 | New York | $70,039 | $34 |
| 10 | Oregon | $67,300 | $32 |
| 11 | Missouri | $66,726 | $32 |
| 12 | Wisconsin | $64,677 | $31 |
| 13 | Colorado | $63,977 | $31 |
| 14 | Alabama | $61,731 | $30 |
| 15 | Illinois | $61,429 | $30 |
| 16 | Wyoming | $61,029 | $29 |
| 17 | Texas | $58,403 | $28 |
| 18 | Florida | $56,996 | $27 |
| 19 | Iowa | $56,298 | $27 |
| 20 | North Carolina | $55,932 | $27 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Brookhaven National Laboratory | $99,211 | $47.70 | |
| 2 | LG&E and KU | $97,746 | $46.99 | |
| 3 | University of California-Berkeley | $94,750 | $45.55 | |
| 4 | Florida Power and Light | $93,493 | $44.95 | 18 |
| 5 | Vornado Realty Trust | $93,182 | $44.80 | 2 |
| 6 | Northrop Grumman | $91,818 | $44.14 | 47 |
| 7 | City of San Jos | $89,187 | $42.88 | |
| 8 | Noblis | $87,432 | $42.03 | 4 |
| 9 | PPL | $86,352 | $41.52 | 4 |
| 10 | SAIC | $85,093 | $40.91 | 10 |
| 11 | International Research & Exchanges | $84,694 | $40.72 | |
| 12 | New York Power Authority | $84,098 | $40.43 | 1 |
| 13 | Bevilacqua Research | $83,642 | $40.21 | |
| 14 | Canon | $83,425 | $40.11 | 4 |
| 15 | TBWA Worldwide | $81,595 | $39.23 | |
| 16 | Sparrow Health System | $81,098 | $38.99 | |
| 17 | L.L.Bean | $80,261 | $38.59 | |
| 18 | Axiologic Solutions | $79,987 | $38.46 | |
| 19 | 1 8 3 Lanes | $79,520 | $38.23 | |
| 20 | TBWA\Chiat\Day NY | $79,114 | $38.04 |
A senior budget analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a senior budget analyst job description:
To find the right senior budget analyst for your business, consider trying out a few different recruiting strategies:
Recruiting senior budget analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the senior budget analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new senior budget analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Hiring a senior budget analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting senior budget analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of senior budget analyst recruiting as well the ongoing costs of maintaining the new employee.
Senior budget analysts earn a median yearly salary is $69,249 a year in the US. However, if you're looking to find senior budget analysts for hire on a contract or per-project basis, hourly rates typically range between $21 and $50.