Also called: Budget Analyst, Budget Officer, Management and Budget Analyst
Produced by CareerOneStop
Video transcript: skip transcript
Capable of both developing and communicating a budget for a multimillion-dollar organization… budget analysts help institutions organize their finances. Whether for public offices or private companies, budget analysts prepare budget reports and evaluate budget proposals. Budget analysts analyze data to determine the costs and benefits of various programs, and recommend funding levels based on their findings. The final decision on an organization’s budget generally comes down to high-level executives or government officials, but they rely heavily on the competence of budget analysts when making those decisions. They also oversee spending throughout the year to keep spending within the budget, or revise it when changing circumstances demand it. They may recommend program cuts or evaluate the return on investment of particular efforts. Budget analysts usually work in offices, but some may travel to gather information firsthand. They work in government agencies, universities, and private companies. Budget analysts generally work full time, and overtime is sometimes required during final reviews of budgets. The tight work schedules and pressure of deadlines can be stressful. Most budget analysts have at least a bachelor's degree, though related work experience can sometimes suffice. Courses in accounting, economics, and statistics are helpful. Government positions may require certification.
What they do:Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
On the job, you would:
- Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
- Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
- Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
- accounting and economics
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
Arts and Humanities
- English language
Safety and Government
- law and government
- listening to others, not interrupting, and asking good questions
- reading work related information
- noticing a problem and figuring out the best way to solve it
People and Technology Systems
- thinking about the pros and cons of different options and picking the best one
- figuring out how a system should work and how changes in the future will affect it
- add, subtract, multiply, or divide
- choose the right type of math to solve a problem
- listen and understand what people say
- read and understand what is written
Ideas and Logic
- make general rules or come up with answers from lots of detailed information
- use rules to solve problems
People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
- Attention to Detail
- Analytical Thinking
- Stress Tolerance
You might use software like this on the job:
Financial analysis software
- Budget monitoring systems
- Microsoft FRx
Data base user interface and query software