A successful career as a budget analyst is possible if you enjoy dealing with statistics and have great critical thinking abilities. Budget analysts are frequently used by businesses to streamline operations and guarantee long-term financial performance. When picking this job path, it’s crucial to look at the budget analyst’s salary range. In this piece, we will be looking at the salary of a senior and financial budget analyst and some jobs to get under this career.
Budget Analyst Salary
A budget analyst is a financial expert who evaluates budgets and offers suggestions on how to manage funds for initiatives, divisions, or entire organizations. Depending on the extent of their duties, budget analysts may work alone or with a group of financial experts. They oversee spending, provide budgeting advice, and manage funding needs to maintain businesses financially sound.
What Does A Budget Analyst Do?
Budget analysts spend their time looking for trends in financial data and presenting their results to management. They have a number of fundamental responsibilities to carry out this goal:
- The creation of budget proposals
- Examining the budgeting procedures used by the company
- Evaluating the benefits and costs of business operations
- Investigating financing sources
- Budget cuts being proposed
- Going over financial data
- Creating financial reports and budget reviews
- Speculating about possible financial outcomes
- Keeping track of financial resources’ availability
- Presenting management with budget findings
The Salary of a Budget Analyst Salary
The average annual salary for a budget analyst in the US is $82,793 as of June 21, 2023. This amounts to $6,899 per month or $1,592 each week. The average salary for a budget analyst is currently $69,000 (25th percentile), with the highest paid (90th percentile) earning $98,500 yearly across the United States. The wide range of average salaries for budget analysts—up to $29,500—indicates that there may be numerous prospects for promotion and higher income based on experience level, location, and skill set. In your region, the average yearly income for a budget analyst is $81,538, which is $1 (0.0%) less than the $82,793 nationwide average.
What Are the Top 5 Highest Paying Jobs for Budget Analysts in the United States?
There are at least five occupations in the Budget Analyst job category that pay more annually than the average wage for this occupation, according to our research. Budget Director, Budget Signs, and Budget Signs are three prime examples of these roles. Importantly, all of these positions pay between $13,728 (16.6%) and $15,423 (18.6%) more per year than the $82,793 average compensation for budget analysts. If you meet the requirements, you might be able to earn more money than the average Budget Analyst position by being recruited for one of these comparable positions.
Senior Budget Analyst Salary
The average hourly wage for a Senior Budget Analyst in the United States as of June 21, 2023 is $42.39 per hour. In the United States, the majority of Senior Budget Analyst salaries currently fall between $33.17 (25th percentile) and $50.96 (75th percentile). Because the typical salary for a Senior Budget Analyst can vary significantly (by as much as $17.79), there may be a lot of room for promotion and higher pay based on experience, location, and skill level. In your region, the hourly average pay for a Senior Budget Analyst is $44, which is $1.66 (4%) more than the $42.39 national average.
Which Senior Budget Analyst Jobs in the United States Pay the Most?
There are at least five occupations in the Senior Budget Analyst job category that pay more annually than the average Senior Budget Analyst income, according to our research. Top examples of these positions include budget director, senior staff analyst, and senior analyst.
Importantly, the salaries for all of these positions range from $8,932 (10.1%) to $16,259 (18.4%) more than the $88,162 median compensation for Senior Budget Analysts. If you meet the requirements, you might be able to earn more money than the typical Senior Budget Analyst position by being recruited for one of these similar positions.
Financial Budget Analyst Salary
The average annual salary for a financial budget analyst in the US is $82,793 as of June 21, 2023. This amounts to $6,899 per month or $1,592 each week. Financial Budget Analyst salary presently average between $69,000 (25th percentile) and $98,500 (75th percentile), with the top 90 percentile earners in the United States making $98,500 yearly. The wide range of average salary for financial budget analyst—up to $29,500—indicates that there may be numerous prospects for development and higher income based on experience, location, and skill level. In some regions, the average yearly income for a financial budget analyst is $81,538, which is $1 (0.0%) less than the $82,793 nationwide average.
What are the Top 5 Highest Paying Salary in Related Financial and Budget Analyst in the United States?
There are at least five positions in the Finance Budget Analyst job category that pay more annually than the average Finance Budget Analyst salary, according to our research. Finance Operations Analyst, Finance Business System Analyst, and Finance Business System Analyst are some prominent examples of these professions.
Importantly, the salaries for all of these positions range from $15,121 (18.3%) to $33,387 (40.3%) higher than the $82,793 average compensation for finance budget analysts. If you meet the requirements, you could be able to earn more money than the average Finance Budget Analyst position by being hired for one of these comparable positions.
Budget Analyst Salary NYC
The typical salary for a budget analyst in NYC is $94,450 per year as of June 21, 2023. This amounts to $7,870 a month or $1,816 per week. Budget analyst salaries presently average between $77,600 and $110,800 (25th to 75th percentiles), with the 90th percentile in New York paying the highest salary of $110,806 yearly. The wide range of average salaries for budget analysts—up to $33,200—indicates that there may be numerous prospects for growth and higher income based on experience level, location, and skill level. Due to the lack of employment, the budget analyst job market in New York is not very vibrant. Out of all 50 states in the union, New York has the highest wages for budget analysts.
What are Top 5 Best Paying Related Budget Analyst Jobs in New York
There are at least 5 positions in the Budget Analyst job category that pay more annually than the average Budget Analyst income in New York, according to our research. Budget Officer, Budget Truck, and Budget Signs are three prominent instances of these roles. It’s important to note that all of these positions pay between $8,456 (9.0%) and $24,144 (25.6%) more than the $94,450 average income for budget analysts. If you qualify, one of these comparable positions may pay more than the average Budget Analyst position.
Budget Analyst Jobs
Looking for some paid budget analyst jobs for your career? Below are some budget analyst jobs for you to check out:
#1. Senior Budget Analyst
The salary range for a senior budget analyst: $69,000 to $106,000 annually
In the United States, the majority of Senior Budget Analyst salaries currently fall between $69,000 (25th percentile) and $106,000 (75th percentile) per year. Although some progress is conceivable, the moderate range of earnings indicates that the income in this position will be consistent regardless of skill level, location, and years of experience. According to current job, there is a large need for Senior Budget Analysts, and there is a very active job market in the United States.
#2. Budget Coordinator
The salary range for a budget coordinator: $48,500 to $74,500 annually
Currently, the average yearly pay for budget coordinators in the United States is between $48,500 (25th percentile) and $74,500 (75th percentile). Although some progress is conceivable, the moderate range of earnings indicates that the income in this position will be consistent regardless of skill level, location, and years of experience. The budget coordinator job market in the United States is quite active, with numerous organizations recruiting, according to recent job posts.
#3. Budget Specialist
The salary range for a budget specialist: $47,500 to $72,000 annually
Currently, the average yearly pay for budget specialists in the United States is between $47,500 (25th percentile) and $72,000 (75th percentile). Although some progress is conceivable, the moderate range of earnings indicates that the income in this position will be consistent regardless of skill level, location, and years of experience. According to current job, there is a large demand for Budget Specialists in the American labor market.
#4. Budget Assistant
The salary range for a budget assistant: $31,500 to $48,500 annually
In the United States, the majority of budget assistant wages currently fall between $31,500 (25th percentile) and $48,500 (75th percentile) per year. Although some progress is conceivable, the moderate range of earnings indicates that the income in this position will be consistent regardless of skill level, location, and years of experience. According to current job, there is a large demand for Budget Assistants in the American labor market.
#5. Technician Salary
Budget Technician Salary: $42,000 to $48,500 annually
In the United States, the majority of Budget Technician salaries currently fall between $42,000 (25th percentile) and $48,500 (75th percentile) per year. Regardless of skill level, region, or years of experience, the majority of people in this position earn comparable earnings. According to recent jobs, there are some firms looking for the position of Budget Technicians in the United States.
#6. Budget Controller
The salary range for a budget controller: $48,000 to $48,000 annually
Budget controllers in the US earn between $48,000 and $48,000 per year. Regardless of skill level, region, or years of experience, the majority of people in this position earn comparable earnings. According to current job, there is a large demand for budget controllers in the American labor market.
#7. Budget Clerk
The salary range for a budget clerk: $28,500 to $39,500 annually
Most Budget Clerks in the US earn between $28,500 (25th percentile) and $39,500 (75th percentile) annually. Although some progress is conceivable, the moderate range of earnings indicates that the income in this position will be consistent regardless of skill level, location, and years of experience. According to recent job, there are some companies hiring for the position of Budget Clerk in the United States.
What Do Budget Analysts Do?
Budget analysts create reports on the budget and keep track of spending. Budget analysts support the financial planning of both public and commercial enterprises. They create budget reports and keep an eye on company spending.
What Is the Highest Salary for a Budget Analyst?
Budget analysts make an average of $79,940 per year. Typically, salaries range from $49,330 to $124,440.
Is Budget Analyst a Stressful Job?
Deadlines and demanding work schedules can make a budget analyst stressed.
What Are 5 Tasks of a Budget Analyst?
Responsibilities of a budget analyst:
- Examine funding requests and budget proposals.
- Analyze the costs and benefits of various options.
- Submit budget proposals for grant requests to be accepted or rejected.
- To management and stakeholders, justify your proposals.
- To create the final, unified budget, work with the managers.
How Many Days a Week Do Budget Analysts Work?
The working hours of a budget analyst will change during the budget’s creation, finalization, and mid- and annual reviews. The majority of budget analysts work 35 to 44 hours per week, with a tiny fraction working more.
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