Budget Analysts in the United States can expect to earn an average of $58K per year. Total cash compensation for Budget Analysts runs from $41K to $84K depending on bonuses that can occasionally exceed $5K and profit sharing that can reach almost $10K. Location is the main element affecting pay for this group — the company and years of experience are driving factors as well. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Work is enjoyable for Budget Analysts, who typically claim high levels of job satisfaction. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Respondents to the PayScale salary survey provided the data for this report.
Read More
$42,776 - $84,479
(Median)
$43K
$58K
$84K
MEDIAN: $57,747
10%
50%
90%

Add this chart to your site: 640px    300px

$17.38 - $34.18
(Median)
$17
$23
$34
MEDIAN: $22.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$29K$58K$87K
Salary
$42,776 - $84,479  
   
Bonus
$0.00 - $5,336  
Profit Sharing
$0.00 - $9,933  
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).
)
$40,948 - $83,680  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 739
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17$34$51
Hourly Rate
$17.38 - $34.18  
   
Overtime
$22.84 - $50.87  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $5,336  
   
Profit Sharing
$0.00 - $9,933  
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).
)
$40,948 - $83,680  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 98
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

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


Add this chart to your site:   640px 640px    300px 300px


Budget Analysts' salaries may rise greatly for those who assume a higher-end position such as a Finance Director. The average Finance Director brings home $104K per year. It is quite typical for Budget Analysts to transition into roles as Senior Financial Analysts or Budget Managers, where reported median earnings are $19K and $16K higher per year.

Budget Analyst Job Listings

Search for more jobs:

Popular Employer Salaries for Budget Analyst


Budget Analysts seeking a sizable paycheck can earn the most at Department of Veteran's Affairs, where the average salary comes to $69K.

Popular Skills for Budget Analyst


Survey results suggest that Budget Analysts put a wide range of professional skills to use. Most notably, skills in Forecasting, Financial Modeling, Budget Management, and Financial Analysis are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel. Most people familiar with Budget Management also know Budgeting and Microsoft Excel.

Pay by Experience Level for Budget Analyst

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


Budget Analysts with a lot of experience do not necessarily enjoy more money. Although individuals who have less than five years' experience earn $52K on average, people with five to 10 years benefit from a notably larger average of $62K. After working for 10 to 20 years, Budget Analysts make a median salary of $66K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $71K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location

National Average: $56,652

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Budget Analysts, Arlington offers exceptional salaries, 32 percent above the national average. Budget Analysts will also find cushy salaries in Boston (+25 percent), Washington (+12 percent), Houston (+8 percent), and Los Angeles (+5 percent). Baltimore is home to the smallest salaries in the field, lagging the national average by 16 percent. Below-median salaries also turn up in Richmond and Seattle (14 percent lower and 10 percent lower, respectively).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Budget Analyst Salaries




National Average
$57,000


Skills That Affect Budget Analyst Salaries

Forecasting
up arrow 7%

Financial Modeling
up arrow 7%

Budget Management
up arrow 4%

Financial Analysis
up arrow 3%

Budgeting
up arrow 3%

Accounting
up arrow 1%

Data Analysis
0%

National Average
$57,000

Financial Reporting
up arrow 1%

Microsoft Excel
up arrow 3%

Microsoft Office
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 117 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
4%
1-4 years
42%
5-9 years
24%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
medical benefits
Vision: 68%
dental benefits
None: 10%
ADVERTISEMENT