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Budget Analyst Salary (United States)

Pay for Budget Analysts in the United States sits in the ballpark of $55K per year. Overall cash earnings for Budget Analysts vary widely between $40K and $83K; for a few high rollers, the final number can encompass upwards of $6K each from bonuses and profit sharing proceeds. Geography and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to the greater part, and a fair portion earn dental coverage. Women Budget Analysts just slightly outnumber men. Work is enjoyable for Budget Analysts, who typically claim high levels of job satisfaction. Responses to PayScale's salary questionnaire form the basis for this outline.
Budget Analyst Salary (?
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.
)
$39,821 - $83,071
(Median)
40K
55K
67K
83K
MEDIAN: $54,921
10%
50%
75%
90%
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Budget Analyst Salary (?
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.
)
$15.21 - $34.21
(Median)
15
19
24
28
34
MEDIAN: $23.00
10%
25%
50%
75%
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$28K$56K$84K
Salary
$39,821 - $83,071  
   
Bonus
$0.00 - $6,034  
Profit Sharing
$515 - $5,817  
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).
)
$39,676 - $83,492  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,133
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
$15.21 - $34.21  
   
Overtime
$23.91 - $48.38  
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 - $6,034  
   
Profit Sharing
$515 - $5,817  
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).
)
$39,676 - $83,492  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 124
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Location:
Years in Field/Career:
United States (change)

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.
Read More...
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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Though not the most common occurrence, Budget Analysts sometimes become Finance Directors, where the average income is $102K per year. Senior Financial Analysts or Budget Managers are common next-step roles for Budget Analysts moving up in their careers; annual pay for Senior Financial Analysts is $19K higher on average, and it's $18K higher for Budget Managers.

Budget Analyst Job Listings

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Popular Skills for Budget Analyst

Survey results imply that Budget Analysts put a diverse skill set to use. Most notably, skills in Financial Analysis, Financial Reporting, Budget Management, and Data Analysis are correlated to pay that is above average, with boosts of 4 percent, 4 percent, 4 percent, and 4 percent, respectively. At the other end of the pay range are skills like Accounting. Those educated in Budget Management tend to be well versed in Budgeting.

Pay by Experience Level for Budget Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Budget Analysts with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries for the relatively untried average out to around $51K, but survey participants with five to 10 years of experience earn a significantly higher median of $58K. The average pay reported by folks with 10 to 20 years of experience is around $63K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $70K. Workers in this area tend to have one to nine years of experience. Experienced employees who have 10-20 years of experience make up slightly less than a fifth of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in twenty, and senior people with more than 20 years under their belt fill out the remaining less than one-tenth.

Pay Difference By Location

Arlington
up arrow 39%
Boston
up arrow 6%
Denver
up arrow 5%
Huntsville
up arrow 4%
Chicago
up arrow 2%
National Average
$55,000
up arrow 1%
Houston
up arrow 2%
Los Angeles
up arrow 4%
Philadelphia
up arrow 5%
Seattle
up arrow 9%
Dallas
up arrow 10%
up arrow 16%
Atlanta
up arrow 16%
Larger circles over a city indicate a job is popular in that location.
For Budget Analysts, working in the bustling city of Arlington has its advantages, including an above-average pay rate. Also paying near the top of the field are Washington, Boston, Denver, and Huntsville, where Budget Analysts annually earn 28 percent, 6 percent, 5 percent, and 4 percent more than the national average. Atlanta is home to the smallest salaries in the field, lagging the national average by 16 percent. Two other places where employers offer below-median salaries are Baltimore (16 percent less) and Dallas (10 percent less).

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Experience Affects Budget Analyst Salaries

National Average
$55,000

Skills That Affect Budget Analyst Salaries

Financial Analysis
up arrow 4%
Budget Management
up arrow 4%
Financial Reporting
up arrow 4%
Data Analysis
up arrow 3%
Budgeting
up arrow 2%
Microsoft Office
up arrow 1%
National Average
$55,000
Microsoft Excel
up arrow 1%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 320 votes.

Gender

Female
51%
female alumni
 
Male
49%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
44%
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%