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Budget Analyst Salary

Median pay for Budget Analysts in the United States is around $56K per year. Incomes of Budget Analysts vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $6K cause paychecks to spread between $40K on the low end and $84K on the high end. Compensation for this group is mainly affected by location, but tenure and the specific company are influential factors as well. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Women Budget Analysts who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$40,283 - $84,249
(Median)
$40K
$56K
$84K
MEDIAN: $55,860
10%
50%
90%

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$15.55 - $35.49
(Median)
$16
$23
$35
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
$40,283 - $84,249  
   
Bonus
$0.00 - $5,954  
Profit Sharing
$-0.49 - $5,872  
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).
)
$40,034 - $84,407  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,147
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$16$32$48
Hourly Rate
$15.55 - $35.49  
   
Overtime
$23.53 - $47.87  
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$32K$64K$96K
Bonus
$0.00 - $5,954  
   
Profit Sharing
$-0.49 - $5,872  
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).
)
$40,034 - $84,407  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 123

Find Out Exactly What You Should Be Paid

United States (change)


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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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It's not very common for Budget Analysts to move on to become Finance Directors. Average pay for a Finance Director is $102K annually. Budget Analysts most often move into positions as Senior Financial Analysts or Budget Managers; those groups report median salaries that are $19K higher and $17K higher, respectively.

Budget Analyst Job Listings

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Popular Employer Salaries for Budget Analyst


Heading up the field in terms of compensation, Ada County Highway District offers the most; Budget Analysts earn $67K on average there.

Popular Skills for Budget Analyst


Budget Analysts report using a pretty varied skill set on the job. Most notably, facility with Financial Modeling, Forecasting, and Budget Management are correlated to pay that is significantly above average, leading to increases of 27 percent, 9 percent, and 4 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Accounting. For most people, competency in Budget Management indicates knowledge of Budgeting.

Pay by Experience Level for Budget Analyst

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


For Budget Analysts, experience does not seem to be a major factor in determining pay. The average beginner in this position makes around $51K, but folks who have been around for five to 10 years see a markedly higher median salary of $58K. Budget Analysts who work for 10 to 20 years in their occupation tend to earn about $65K. 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


Home to some of the best pay for Budget Analysts, Arlington offers exceptional salaries, 34 percent above the national average. Budget Analysts will also find cushy salaries in Washington (+28 percent), Boston (+8 percent), Chicago (+7 percent), and Denver (+6 percent). Baltimore is the lowest-paying area, 17 percent south of the national average. Workers in Atlanta and Nashville earn salaries that trail the national average for those in this profession (13 percent less).

Related Job Salaries

United States (change)

Experience Affects Budget Analyst Salaries




National Average
$55,000


Skills That Affect Budget Analyst Salaries

Financial Modeling
up arrow 27%

Forecasting
up arrow 9%

Financial Analysis
up arrow 4%

Budget Management
up arrow 4%

Financial Reporting
up arrow 3%

Data Analysis
up arrow 2%

Budgeting
0%

National Average
$55,000

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 273 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
27%
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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