Budget Analyst Salary (United States)

Salaries for Budget Analysts in the United States lie in the neighborhood of $54,926 per year. Compensation ranges from $39,676 on the low end to $83,492 per year on the high end. Overall cash income ranges from $39,821 near the bottom to $83,071) near the top; it includes potential earnings of $6,034 from bonuses and $5,817 from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by experience level. The majority in this profession are lucky enough to receive benefits; most get medical and dental insurance, and a majority get vision plans, too. Women Budget Analysts just slightly outnumber men in the field. Job satisfaction for Budget Analysts is high. This snapshot results from replies to PayScale's salary survey.
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  
PayScale
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  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 124
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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.
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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While not commonly seen, Budget Analysts who transition into a Finance Director position may earn an additional $47K per year. The most common next step for Budget Analysts is moving into roles as Senior Financial Analysts or Budget Managers, where they can expect an extra $19,114 or $18,015 per year.

Budget Analyst Job Listings

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Popular Skills for Budget Analyst

Budget Analysts report using a pretty varied skill set on the job. 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 proficient in Budget Management are, more often than not, also skilled in 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 in the field does not tend to play a major role in salary decisions; in general, pay does not go up drastically with more experience, and earnings grow incrementally instead. Salaries start at $51K, which grows to $58K after five to 10 years. Pay amounts to $63K after 10 to 20 years. After spending 20 years in the field, salary continues to increase (though at a slower pace) for Budget Analysts and pay is expected at $70K. Experienced employees who have 10-20 years of experience make up 18 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining less than 10. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, more than half land within this radius.

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. Those in search of high salaries should also consider checking out cities like Washington, Boston, Denver, and Huntsville, top-paying markets where Budget Analysts rake in more than the national norm (+28 percent, +6 percent, +5 percent, and +4 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Atlanta. Employers also pay below the national average in Baltimore (-16 percent) and Dallas (-10 percent).

Related Job Salaries

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%
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