Budget Analyst Salary

Budget Analysts in the United States pull down an average of $56K annually. With some bonuses and profit sharing proceeds approaching $6K each, total incomes of Budget Analysts generally range from $40K to $85K depending on individual performance. The most influential factor affecting pay for this group is geography, though the specific employer and experience level have a (lesser) impact as well. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Women Budget Analysts who took the survey just slightly outnumber men. Most Budget Analysts report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$40,635 - $84,670
(Median)
$41K
$56K
$85K
MEDIAN: $56,424
10%
50%
90%

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$15.97 - $34.35
(Median)
$16
$23
$34
MEDIAN: $23.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$40,635 - $84,670  
   
Bonus
$0.00 - $5,938  
Profit Sharing
$-0.50 - $5,918  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,326 - $84,592  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,160
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17$34$51
Hourly Rate
$15.97 - $34.35  
   
Overtime
$24.17 - $48.14  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $5,938  
   
Profit Sharing
$-0.50 - $5,918  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,326 - $84,592  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 129
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Job Description for Budget Analyst

The budget analyst is responsible for providing assistance and analysis during the budget-development process. They look at the organization's past performance in terms of funds allocation to ensure current and future budgets have the most effective, efficient allocation of financial resources throughout the company.

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Budget Analyst Tasks

  • Perform trending analysis and projections.
  • Maintain expense and audit records for inventories and budget balances.
  • Prepare budgets for departments based on performance, revenue, and expenses.
  • Review expenditures to ensure compliance within operational and capital budget limits.
  • Provide insight to control and budget policies.

Common Career Paths for Budget Analyst


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There are some Budget Analysts — though it's uncommon — that transition into Finance Directors, where earnings are an average $102K annually. A common career progression for a Budget Analyst is to become a Senior Financial Analyst or a Budget Manager. Compared to Budget Analysts, the first group earns $19K more on average, and the second group earns $17K more.

Budget Analyst Job Listings

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Popular Employer Salaries for Budget Analyst


Ada County Highway District leads the field in terms of pay, with a median salary of $68K.

Popular Skills for Budget Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Financial Modeling, Forecasting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 26 percent, 9 percent, and 4 percent, respectively. Skills that pay less than market rate include Accounting and Microsoft Excel. Those familiar with Budget Management also tend to know Budgeting.

Pay by Experience Level for Budget Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Budget Analysts do not generally earn higher incomes from more experience in the field. Salaries of relatively inexperienced workers fall in the neighborhood of $52K, but folks who have racked up five to 10 years see a notably higher median of $59K. People with 10 to 20 years of experience make an average of about $65K in this role. Budget Analysts who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $69K on average.

Pay Difference by Location


For Budget Analysts, busy Arlington offers a higher-than-average pay rate, 34 percent above the national average. Budget Analysts can also look forward to large paychecks in cities like Washington (+27 percent), Boston (+10 percent), Chicago (+8 percent), and Dallas (+5 percent). Falling short of the national average by 16 percent, the area with the worst salaries is Baltimore. Not at the bottom but still paying below the median are employers in Nashville and Atlanta (15 percent lower and 11 percent lower, respectively).

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Experience Affects Budget Analyst Salaries




National Average
$56,000


Skills That Affect Budget Analyst Salaries

Financial Modeling
up arrow 26%

Forecasting
up arrow 9%

Financial Analysis
up arrow 4%

Budget Management
up arrow 4%

Data Analysis
up arrow 3%

Financial Reporting
up arrow 2%

Budgeting
0%

National Average
$56,000

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 248 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
26%
10-19 years
18%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 78%
vision benefits Vision: 65% employee benefits None: 8%
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