Budget Analyst Job Requirements

A budget analyst is a professional who is responsible for budget planning and programming, monitoring the program budget controls and assisting the program officers in budget allocations. The professionals find work in government sectors, private sectors and universities.

Budget Analyst As A Career Path

The job responsibilities of a budget analyst are:

  • Creating and analyzing monthly, quarterly and annual budgets.
  • Supporting the internal operating expense management system.
  • Analyzing the business units and shared services and preparing accurate reports.
  • Supporting the annual budget development process and preparing reports for review by the senior management.

The average annual salary of budget analysts is approximately $68,200. As per the recent studies by various job outlook sources, it has been reported that the job prospects for the professionals will increase by 10 percent from 2012- 2020. So, it would be a better career option in the near future.

Required Educational Profile For A Budget Analyst

The educational credentials needed for a budget analyst are as follows:

  • Bachelor’s degree in Finance, Accounting, Business Administration, Statistics, Mathematics or any related field.
  • Master degree in Business Administration or any related subject preferred.

Core Competencies Required For A Budget Analyst

Professional Skills

  • Good knowledge of expense analysis and quantitative analysis.
  • Working experience of management reporting.
  • Ability to manage large amounts of numerical data.
  • Strong working knowledge of MS Access database.
  • Strong knowledge of entire life cycle of budget creation.
  • Knowledge of strategic planning within the customer’s financial processes.
  • Working knowledge of all Microsoft Office applications.

Personal Skills

  • Excellent problem solving and decision making skills.
  • Excellent organizational and interpersonal skills.
  • Excellent time management skills.
  • Excellent written and verbal communication skills.
  • Strong mathematical and analytical skills.
  • Ability to participate and work in a team as well as independently.

Posted in Job Requirements