Budget Analyst

A Budget Analyst analyzes financial data, develops budgets, and provides recommendations to ensure efficient allocation of resources and adherence to financial goals.
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Budget Analyst

Indeed
Market
National (USA)
Base Salary
$73,145 / year
Satisfaction
47%
Additional Benefits
Yes
Industry
All
Education
Bachelor's Degree

The average salary for Budget Analyst is $73,145 / year according to Indeed.com

There are no updated reports for Budget Analyst salaries. You can check potential lateral job opportunities in this information stack to find related salary information.

Budget Analyst role may have an alternate title depending on the company. To find more information, you can check Indeed.com.

Career Information

As a Budget Analyst, you will be responsible for developing and managing an organization's budget. You will need strong analytical and problem-solving skills, as well as knowledge of budgeting principles and financial forecasting techniques. Proficiency in financial analysis software and attention to detail are also important, as you will be responsible for analyzing financial data, monitoring budget performance, and making recommendations for cost-saving measures.

The average salary for Budget Analyst is $73,145 / year according to Indeed.com
AI Disclaimer
The following text about the Job role of Budget Analyst has been generated by an AI model developed by Cohere. While efforts have been made to ensure the accuracy and coherence of the content, there is a possibility that the model may produce hallucinated or incorrect information. Therefore, we strongly recommend independently verifying any information provided in this text before making any decisions or taking any actions based on it.

A Budget Analyst is a professional who is responsible for analyzing an organization's budget and making recommendations for how to allocate resources. They may work for a company or a government agency, and they must have a strong understanding of finance and budgeting.

A Budget Analyst's most important skills include:

  • The ability to work with numbers and data: A Budget Analyst must be able to review and analyze financial data, including budgets, expenses, and revenue.

  • The ability to communicate effectively: A Budget Analyst must be able to communicate their findings and recommendations to their team or to management. They may also need to communicate with other departments or teams within the organization.

  • The ability to work independently: A Budget Analyst may need to work on their own to review and analyze data, and they must be able to use their own judgment to make recommendations.

  • The ability to work with a team: A Budget Analyst may also need to work with a team of professionals, such as other analysts or managers, to review and analyze data and to make recommendations.

  • The ability to use technology: A Budget Analyst must be able to use technology, such as financial software or databases, to review and analyze data.

Some of the most important tasks that a Budget Analyst may be responsible for include:

  • Reviewing and analyzing financial data: A Budget Analyst must review and analyze an organization's financial data, including budgets, expenses, and revenue, to make recommendations for how to allocate resources.

  • Developing and maintaining relationships: A Budget Analyst must develop and maintain relationships with other professionals, such as other analysts or managers, to work effectively as a team.

  • Communicating with management: A Budget Analyst must communicate their findings and recommendations to management, and they may need to present their work in a clear and concise manner.

  • Using technology: A Budget Analyst must use technology, such as financial software or databases, to review and analyze data. They may also need to use other tools, such as Excel or Powerpoint, to create reports or presentations.

Overall, a Budget Analyst is a professional who is responsible for analyzing an organization's budget and making recommendations for how to allocate resources. They must have a strong understanding of finance and budgeting, and they must be able to work effectively with a team of professionals.

Potential Lateral Jobs
Explore the wide range of potential lateral job opportunities and career paths that are available in this role.

High-ROI Programs

Most roles require at least a bachelor's degree. To remain competitive, job seekers should consider specialization or skill-specific programs such as specialization, bootcamps or certifications.
Certification Programs
Consider pursuing specialized certifications or vendor-specific programs to enhance your qualifications and stand out in the job market.
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Specialization Programs improving
If you want to improve your skills and knowledge in a particular field, you should think about enrolling in a Nanodegree or specialization program. This can greatly improve your chances of finding a job and make you more competitive in the job market.

Financial Analysis and Management Accounting

Executive Program

FP&A: Building a Company's Budget

Course

Negotiation

Course

Resource Stacks

We are soon crowdsourcing these resource stacks to collate the best resources, such as publications, community groups, job boards, etc., that are practically suitable for every contextual stack.
Publications
Discover the wide array of publications that professionals in this role actively engage with, expanding their knowledge and staying informed about the latest industry trends and developments.
Communities updating
Discover the thriving communities where professionals in this role come together to exchange knowledge, foster collaboration, and stay at the forefront of industry trends.
Research updating
We are currently in the process of updating contextual resources and we will be adding the new ones to the list shortly.
AI Disclosure: We are testing AI technologies to ensure the accuracy and coherence of recommendations. However, it is important to note that there is a possibility that the model may create hallucinated or incorrect inferences. Therefore, we highly recommend independently verifying any information provided in these stacks before making any decisions or taking any actions based on it.
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