Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
A Budget Analyst is responsible for helping organizations and businesses organize their finances by preparing, analyzing, and managing budgets. They provide financial advice and guidance, ensuring budget proposals are accurate and comply with legal requirements.
Education: Bachelor's degree
Years in related career: None
On-the-job training: None
Projected Growth: 3.3% (average)
Annual job openings: 3,100
Direct AI exposure: 32% of tasks
Potential AI exposure: 96% of tasks
| According to the U.S. Bureau of Labor Statistics, average income (in USD) in 2025 was $92K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $62K per year | $75K per year | $92K per year | $114K per year | $137K per year |
| Compared to other careers: Median is $41K above the national average. | ||||
Budget Analysts typically work in office settings within various organizations, including government agencies, educational institutions, and private corporations. Their role often involves regular collaboration with department heads, managers, and other financial staff. The position usually requires a standard work week, though longer hours can occur at critical times like end-of-fiscal-year budget reviews.
Budget Analysts play a crucial role in the financial health and strategy of an organization. They work closely with project and department managers to develop and manage budgets, ensuring that funds are used efficiently and effectively. This involves a thorough understanding of the organization's goals and financial needs, as well as the ability to forecast future financial requirements.
The role requires strong analytical skills to evaluate budget proposals, review financial requests, and determine the feasibility of projects based on financial analysis. Budget Analysts must be detail-oriented, as their work involves careful scrutiny of financial documents and compliance with complex regulations.
Communication skills are also essential. Budget Analysts must effectively explain their recommendations and analyses to non-finance personnel, often justifying or defending budget decisions to stakeholders. They must also stay current with changes in laws and regulations that affect their organization's budget.
Most Budget Analyst positions require a bachelor's degree in finance, accounting, economics, or a related field, amounting to about 4 years of post-secondary education.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
