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Budget Analyst Salary

Budget Analysts in the United States take home an average $55K per year. Total cash compensation to Budget Analysts varies from $40K to $84K; higher pay grades include potential for bonuses and profit sharing as high as $6K each. Residence and tenure each impact pay for this group, with the former having the largest influence. Women Budget Analysts who took the survey just slightly outnumber men. Job satisfaction is high and work is enjoyable for most Budget Analysts. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. This report is based on responses to the PayScale salary survey.
$39,918 - $83,386
(Median)
40K
55K
68K
83K
MEDIAN: $55,481
10%
50%
75%
90%

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$15.56 - $34.51
(Median)
16
19
24
28
35
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
$39,918 - $83,386  
   
Bonus
$0.00 - $5,974  
Profit Sharing
$-0.49 - $5,872  
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).
)
$39,745 - $83,619  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,143
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$16$32$48
Hourly Rate
$15.56 - $34.51  
   
Overtime
$24.24 - $47.71  
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$32K$64K$96K
Bonus
$0.00 - $5,974  
   
Profit Sharing
$-0.49 - $5,872  
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).
)
$39,745 - $83,619  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 129
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.

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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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Budget Analysts who advance into the role of a Finance Director are fairly uncommon. Finance Directors on average earn $102K per year. Budget Analysts moving up in their careers tend to step into positions as Senior Financial Analysts or Budget Managers. The median paychecks in those roles are $19K higher and $18K higher, respectively.

Budget Analyst Job Listings

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Popular Skills for Budget Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Forecasting, Data Analysis, Budget Management, and Financial Analysis are correlated to pay that is above average, with boosts between 4 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Accounting. Most people who know Budget Management also know Budgeting.

Pay by Experience Level for Budget Analyst

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


Experience and pay tend to be weakly linked for Budget Analysts — those with more experience do not necessarily bring in higher earnings. Survey participants with less than five years' experience pocket $51K on average, but those with five to 10 years of experience enjoy a much bigger median of $59K. Budget Analysts see a median salary of $64K after reaching one to two decades on the job. 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 $68K on average.

Pay Difference by Location


For Budget Analysts, Arlington provides a pay rate that is 35 percent greater than the national average. Budget Analysts will also find cushy salaries in Washington (+30 percent), San Diego (+19 percent), Denver (+6 percent), and Boston (+5 percent). Falling short of the national average by 18 percent, the area with the worst salaries is Atlanta. Workers in Baltimore and Seattle earn salaries that trail the national average for those in this profession (17 percent less and 8 percent less, respectively).

Related Job Salaries

Experience Affects Budget Analyst Salaries




National Average
$55,000


Skills That Affect Budget Analyst Salaries

Forecasting
up arrow 10%

Budget Management
up arrow 4%

Data Analysis
up arrow 4%

Financial Analysis
up arrow 3%

Financial Reporting
up arrow 3%

Microsoft Office
up arrow 2%

Budgeting
up arrow 1%

National Average
$55,000

Microsoft Excel
up arrow 1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 306 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
4%
1-4 years
44%
5-9 years
26%
10-19 years
17%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 79%
vision benefits Vision: 66% employee benefits None: 7%