Budget Analyst Salary (United States)

Pay for Budget Analysts in the United States sits in the ballpark of $54,926 annually. The top of the range reaches $83,492 per year, and the bottom approaches $39,676. Residency and career length each impact pay for this group, with the former having the largest influence. The greater part report receiving medical coverage from their employers and most collect dental insurance. Women make up a slight majority of Budget Analysts (51 percent). Most Budget Analysts report high levels of job satisfaction. This outline is derived 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  
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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 124
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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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Budget Analysts who transition into Finance Directors are seldom found, but they do earn an extra $47K per year. Budget Analysts typically move 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

Survey results show that Budget Analysts use a fair number of skills. 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. Skills that are correlated to lower pay, on the other hand, include Accounting. Most people familiar with 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.
For Budget Analysts, experience is not a major factor in determining pay, and incremental pay growth is standard. After five to 10 years, starting salaries jump from $51K to $58K. Those with one to two decades of experience under their belt tend to see salaries around $63K. After a couple decades on the job, Budget Analysts see only modest salary growth, with pay averaging $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 percent, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent. About two-thirds of respondents report one to nine years of experience.

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.
With a pay rate for Budget Analysts that is 39 percent greater than the national average, Arlington offers a comfortable salary for those in this profession. Other big spenders include Washington, Boston, Denver, and Huntsville, top-paying cities where Budget Analysts see paychecks higher than average (+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. Not at the bottom but still paying below the median are employers in Baltimore and Dallas (-16 percent and -10 percent, respectively).

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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%