Budget Analyst Salary

Budget Analysts in the United States can expect wages of $57K per year on average. Total incomes of Budget Analysts incorporate potential for, in a few cases, more than $6K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $40K and $85K. Earnings for this group are mostly affected by residence, followed by the company and tenure. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. For the most part, Budget Analysts enjoy their work and report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$40,555 - $85,170
(Median)
$41K
$57K
$85K
MEDIAN: $57,253
10%
50%
90%

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$17.04 - $34.94
(Median)
$17
$23
$35
MEDIAN: $23.00
10%
50%
90%

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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
$40,555 - $85,170  
   
Bonus
$0.00 - $5,957  
Profit Sharing
$0.00 - $9,500  
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).
)
$40,316 - $85,237  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,231
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
$17.04 - $34.94  
   
Overtime
$24.47 - $48.46  
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 - $5,957  
   
Profit Sharing
$0.00 - $9,500  
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).
)
$40,316 - $85,237  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 131
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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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Though it's uncommon, some Budget Analysts move into roles as Finance Directors, where pay is an average $104K per year. Going from Budget Analyst to Senior Financial Analyst is the transition that occurs most often in this field, where the paychecks are $75K. Many others choose to work as Financial Analysts, where pay is typically $55K.

Budget Analyst Job Listings

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Popular Employer Salaries for Budget Analyst


Ada County Highway District offers the highest compensation with a median salary of $68K.

Popular Skills for Budget Analyst


Survey results show that Budget Analysts use a fair number of skills. Most notably, facility with Financial Modeling, Forecasting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 25 percent, 7 percent, and 4 percent, respectively. Skills that seem to negatively impact pay include Accounting and Microsoft Excel. Those educated in Budget Management tend to be well versed in Budgeting and Microsoft Excel.

Pay by Experience Level for Budget Analyst

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


For Budget Analysts, more experience in the field does not usually mean bigger paychecks. Respondents with less than five years' experience take home $52K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. Budget Analysts claiming one to two decades of experience make an estimated median of $66K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $70K.

Pay Difference by Location

National Average: $56,453

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

Budget Analysts will find that Arlington offers an impressive pay rate, one which exceeds the national average by 32 percent. Budget Analysts will also find cushy salaries in Washington (+22 percent), Atlanta (+15 percent), Boston (+14 percent), and Seattle (+6 percent). With compensation 16 percent below the national average, Nashville is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Baltimore and Houston also lean toward paying below-median salaries (16 percent lower and 9 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 25%

Forecasting
up arrow 7%

Financial Analysis
up arrow 4%

Budget Management
up arrow 3%

Data Analysis
up arrow 1%

Budgeting
0%

Financial Reporting
0%

National Average
$56,000

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 220 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 78%
medical benefits
Vision: 67%
dental benefits
None: 8%
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