Budget Analyst Salary

Budget Analysts in the United States can expect wages of $56K per year on average. With some bonuses approaching $6K and certain profit sharing proceeds approaching $9K, overall incomes of Budget Analysts spread between $40K and $85K depending on individual performance. The most important factor affecting compensation for this group is geographic location, followed by the company and tenure. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Women Budget Analysts who took the survey just slightly outnumber men. Work is enjoyable for Budget Analysts, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$40,646 - $84,595

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$16.68 - $34.41

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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
$40,646 - $84,595  
   
Bonus
$0.00 - $5,918  
Profit Sharing
$-0.50 - $8,877  
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).
)
$40,400 - $84,537  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,167
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
$16.68 - $34.41  
   
Overtime
$24.19 - $48.09  
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 - $5,918  
   
Profit Sharing
$-0.50 - $8,877  
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).
)
$40,400 - $84,537  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 128
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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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While not commonly seen, Budget Analysts who transition into a Finance Director position may see a rise in pay. The median salary for Finance Directors is $102K 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 $17K higher per year.

Budget Analyst Job Listings

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Popular Employer Salaries for Budget Analyst


For Budget Analysts, comfortable salaries can be found at Ada County Highway District; in fact, median earnings sit around $68K, the highest in the area.

Popular Skills for Budget Analyst


Survey results imply that Budget Analysts put a diverse skill set to use. Most notably, facility with Financial Modeling, Forecasting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 26 percent, 9 percent, and 4 percent, respectively. At the other end of the pay range are skills like Accounting and Microsoft Excel. Most people skilled in Budget Management are similarly competent 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. The average worker who claims fewer than five years of experience earns around $52K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $59K. Budget Analysts claiming one to two decades of experience make an estimated median of $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


With a pay rate for Budget Analysts that is 34 percent greater than the national average, Arlington offers a comfortable salary for those in this profession. Budget Analysts will also find cushy salaries in Washington (+27 percent), Boston (+9 percent), Chicago (+7 percent), and New York (+4 percent). Baltimore ranks last in the field for pay, reporting salaries 16 percent below the national average. Employers in Nashville and Atlanta also lean toward paying below-median salaries (14 percent lower and 11 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 26%

Forecasting
up arrow 9%

Financial Analysis
up arrow 4%

Budget Management
up arrow 4%

Data Analysis
up arrow 3%

Financial Reporting
up arrow 2%

Budgeting
up arrow 1%

National Average
$56,000

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 244 votes.

Gender

Female
52 %
Male
48 %

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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