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Finance | Budget Analyst

Budget Analyst

What Does a Professional in this Career Do?

A Budget Analyst develops the overall annual budget for a company or organization. Evaluates budget proposals, prepares information for government officials or company executives to inform funding decisions; monitors spending and analyzes differences between budget and actual spending. May evaluate programs or provide policy analysis.

Job Outlook

There were 329 Budget Analyst job postings in North Carolina in the past year and 11684 in the United States.

In combination with other careers in the Budget Analyst industry, which includes the Budget Analyst career, the following graph shows the number of people employed for each year since 2015:

Salary

Many new Budget Analyst jobs have salaries estimated to be in the following ranges, based on the requirements and responsibilities listed in job postings from the past year.

National

The average estimated salary in the United States for this career, based on job postings in the past year, is $73,406.

State

The average estimated salary in North Carolina for this career, based on job postings in the past year, is $66,150.

Percentiles represent the percentage that is lower than the value. For example, 25% of estimated salaries for Budget Analyst postings in the United States in the past year were lower than $59,899.

Education and Experience

Posted Budget Analyst jobs typically require the following level of education. The numbers below are based on job postings in the United States from the past year. Not all job postings list education requirements.

Education LevelPercentage
Associate's Degree6.35%
Bachelor's Degree59.93%
Master's Degree21.52%
Doctoral Degree7.3%
Other7.57%

Posted Budget Analyst jobs typically require the following number of years of experience. The numbers below are based on job postings in the United States from the past year. Not all job postings list experience requirements.

Years of ExperiencePercentage
0 to 2 years36.19%
3 to 5 years45.95%
6 to 8 years11.37%
9+ years6.48%

Skills

Below are listings of the most common general and specialized skills Budget Analyst positions expect applicants to have as well as the most common skills that distinguish individuals from their peers. The percentage of job postings that specifically mention each skill is also listed.

Baseline Skills

A skill that is required across a broad range of occupations, including this one.

  • Budgeting (55.32%)
  • Management (47.87%)
  • Planning (31.12%)
  • Communication (29.66%)
  • Operations (25.64%)
  • Forecasting (24.29%)
  • Microsoft Excel (21.61%)
  • Research (21.42%)
  • Leadership (17.05%)
  • Business Administration (15.37%)

Defining Skills

A core skill for this occupation, it occurs frequently in job postings.

  • Budget Analysis (70.7%)
  • Financial Analysis (23.47%)
  • Accounting (57.8%)
  • Finance (50.14%)
  • Financial Statements (26.49%)

Necessary Skills

A skill that is requested frequently in this occupation but isn’t specific to it.

  • Financial Planning (10.19%)
  • Budget Development (16.1%)
  • Invoicing (10.58%)
  • Accruals (2.13%)
  • Financial Management (26.19%)
  • Operating Budget (9.54%)
  • SAP Applications (4.34%)
  • Financial Forecasting (5.08%)
  • Process Improvement (5.39%)
  • Reconciliation (9.12%)
  • Budget Management (8.57%)
  • Purchasing (11%)
  • Financial Data (13.74%)
  • Financial Systems (14.7%)
  • Auditing (18.52%)
  • Procurement (10.73%)
  • Generally Accepted Accounting Principles (7.34%)
  • Economics (11.14%)
  • Financial Services (4.07%)
  • Data Analysis (10.35%)
  • Project Management (9.53%)
  • Public Administration (12.97%)
  • Capital Budgeting (5.24%)
  • Internal Controls (4.71%)
  • Power BI (3.61%)
  • Variance Analysis (3.9%)

Distinguishing Skills

A skill that may distinguish a subset of the occupation.

  • Budget Cycle (1.38%)

Salary Boosting Skills

A professional who wishes to excel in this career path may consider developing the following highly valued skills. The percentage of job postings that specifically mention each skill is listed.

  • Budget Analysis (80.9%)
  • Finance (57.37%)

Alternative Job Titles

Sometimes employers post jobs with Budget Analyst skills but a different job title. Some common alternative job titles include:

  • Retail Parts Professional
  • Budget Specialist
  • Budget Manager
  • Budget Management Analyst
  • Budget Coordinator
  • Lead Budget Analyst
  • Automotive Technician
  • Supervisory Budget Analyst
  • Program Budget Analyst

Similar Occupations

If you are interested in exploring occupations with similar skills, you may want to research the following job titles. Note that we only list occupations that have at least one corresponding NC State Online and Distance Education program.

Common Employers

Here are the employers that have posted the most Budget Analyst jobs in the past year along with how many they have posted.

United States

  • Advance Auto Parts (485)
  • GPAC (133)
  • United States Department of the Treasury (110)
  • Leidos (108)
  • The Estée Lauder Companies (98)
  • United States Department of Veterans Affairs (89)
  • California State University (75)
  • United States Department of Justice (66)
  • Robert Half (66)
  • United States Air Force (58)

North Carolina

  • State of North Carolina (28)
  • Advance Auto Parts (25)
  • North Carolina State University (19)
  • University of North Carolina (12)
  • U.S Special Operations Command (8)
  • Wake County Public Schools (7)
  • City of Raleigh (7)
  • City Of Fayetteville (6)
  • North Carolina A&T State University (5)
  • Business Integra (5)

NC State Programs Relevant to this Career

If you are interested in preparing for a career in this field, the following NC State Online and Distance Education programs offer a great place to start!