Budget Analyst

Career Guide
A Budget Analyst is responsible for helping organizations manage their finances by analyzing data to prepare budget reports, monitoring spending, and making financial recommendations.

Key Responsibilities

  • Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Prepare regular financial reports and forecasts to track financial results.
  • Develop and implement cost-saving measures and recommend budget adjustments.

Top Skills for Success

Analytical skills
Knowledge of financial software
Budgeting and forecasting

Career Progression

Can Lead To
Senior Budget Analyst
Financial Analyst
Transition Opportunities
Finance Manager
Director of Finance

Common Skill Gaps

Often Missing Skills
Advanced data analysisStrategic planning
Development SuggestionsConsider enrolling in advanced finance courses or certifications, and seek mentorship opportunities to develop strategic planning capabilities.

Salary & Demand

Median Salary Range
Entry Level$50,000 - $65,000
Mid Level$65,000 - $85,000
Senior Level$85,000 - $110,000
Growth Trend
The demand for Budget Analysts is expected to grow as organizations continue to emphasize fiscal responsibility and cost control.

Companies Hiring

Major Employers
DeloitteErnst & Young
Industry Sectors
GovernmentHealthcare

Recommended Next Steps

1
Pursue a certification such as Certified Government Financial Manager (CGFM).
2
Gain experience with financial software tools like SAP or Oracle.

Explore More Roles

Browse our comprehensive database of roles and find your perfect match.