Budget Analyst Salary

Budget Analysts in the United States can expect to earn an average of $57K annually. In the world of Budget Analysts, total cash compensation can vary between $41K and $82K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $6K and $10K, respectively. Geography is the main element affecting pay for this group — the specific employer and years of experience are driving factors as well. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women make up a slight majority of Budget Analysts (57 percent) survey respondents. Job satisfaction is high and work is enjoyable for most Budget Analysts. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$42,601 - $82,280
$43K
$57K
$82K
MEDIAN: $57,499
10%
50%
90%

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$16.78 - $33.45
$17
$23
$33
MEDIAN: $23.07
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$28K$56K$84K
Salary
$42,601 - $82,280  
   
Bonus
$0.00 - $6,008  
Profit Sharing
$0.00 - $9,863  
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).
)
$40,853 - $81,855  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 693
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$18$36$54
Hourly Rate
$16.78 - $33.45  
   
Overtime
$22.68 - $51.82  
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 - $6,008  
   
Profit Sharing
$0.00 - $9,863  
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).
)
$40,853 - $81,855  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 100

Find Out Exactly What You Should Be Paid

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.

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Budget Analyst Tasks

  • Review expenditures to ensure compliance within operational and capital budget limits.
  • Provide insight to control and budget policies.
  • Prepare budgets for departments based on performance, revenue, and expenses.
  • Perform trending analysis and projections.
  • Maintain expense and audit records for inventories and budget balances.

Common Career Paths for Budget Analyst


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Though not the most common occurrence, Budget Analysts sometimes become Finance Directors, where the average income is $105K 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 $16K higher, respectively.

Budget Analyst Job Listings

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Popular Employer Salaries for Budget Analyst


Department of Veteran's Affairs leads the field in terms of pay, with a median salary of $69K.

Popular Skills for Budget Analyst


Budget Analysts report using a wide range of professional skills. Most notably, skills in Forecasting, Budgeting, Financial Analysis, and Budget Management are correlated to pay that is above average. Skills that pay less than market rate include Financial Modeling. Most people familiar with Budget Management also know Budgeting and Microsoft Excel.

Pay by Experience Level for Budget Analyst

Pay by Experience for a Budget Analyst has a positive trend. An entry-level Budget Analyst with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 445 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Budget Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 248 salaries. An experienced Budget Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 189 salaries. A Budget Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $69,000 based on 80 salaries.

Pay Difference by Location

National Average: $56,482

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

Home to some of the best pay for Budget Analysts, Arlington offers exceptional salaries, 32 percent above the national average. Budget Analysts can also look forward to large paychecks in cities like Dallas (+22 percent), Washington (+15 percent), Philadelphia (+14 percent), and Boston (+13 percent). Baltimore is home to the smallest salaries in the field, lagging the national average by 11 percent. Employers pay around 9 percent less in Phoenix and 8 percent less in Indianapolis, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Budget Analyst

Gender

Female
57 %
Male
43 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 115 votes.
Less than 1 year
5%
1-4 years
41%
5-9 years
23%
10-19 years
21%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Budget Analyst Salaries

▲22%

▲14%

▲8%

National Average
$56,000

▼8%

Skills That Affect Budget Analyst Salaries

Forecasting
▲7%

▲4%



▲1%

Data Analysis
▼0%

National Average
$56,000




Financial Modeling
▼6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 115 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
5%
1-4 years
41%
5-9 years
23%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 79%
vision benefits
Vision: 68%
no benefits
None: 11%
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