Budget Analyst Salary

Median pay for Budget Analysts in the United States is around $56K per year. Overall cash earnings of Budget Analysts stretch from $40K near the bottom to $85K at the top, and the heftiest packages can encompass around $6K each from bonuses and profit sharing. The most important factor affecting compensation for this group is geography, followed by the company and experience level. For the most part, Budget Analysts enjoy their work and report high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
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$40,557 - $84,627
(Median)
$41K
$56K
$85K
MEDIAN: $56,266
10%
50%
90%

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$15.89 - $35.13
(Median)
$16
$23
$35
MEDIAN: $23.00
10%
50%
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$29K$58K$87K
Salary
$40,557 - $84,627  
   
Bonus
$0.00 - $5,930  
Profit Sharing
$-0.50 - $5,918  
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).
)
$40,266 - $84,686  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,153
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
$15.89 - $35.13  
   
Overtime
$23.60 - $48.04  
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 - $5,930  
   
Profit Sharing
$-0.50 - $5,918  
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).
)
$40,266 - $84,686  
Country: United States | Currency: USD | Updated: 20 Jun 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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There are some Budget Analysts — though it's uncommon — that transition into Finance Directors, where earnings are an average $102K annually. Typical career progression for a Budget Analyst involves becoming a Senior Financial Analyst or a Budget Manager, roles that pay $19K more and $17K more on average.

Budget Analyst Job Listings

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Popular Employer Salaries for Budget Analyst


Budget Analysts seeking a sizable paycheck can earn the most at Ada County Highway District, where the average salary comes to $68K.

Popular Skills for Budget Analyst


Budget Analysts report using a pretty varied skill set on the job. 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. Skills that are correlated to lower pay, on the other hand, include Accounting and Microsoft Excel. For most people, competency in Budget Management indicates knowledge of Budgeting and Microsoft Excel.

Pay by Experience Level for Budget Analyst

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


For Budget Analysts, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Relatively untried employees who have less than five years' experience make $52K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $59K. Budget Analysts who work for 10 to 20 years in their occupation tend to earn about $65K. People who have worked for more than 20 years report a median income of $69K, which is barely higher than the median for folks with 10 to 20 years of experience.

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 (+6 percent), and Denver (+6 percent). Baltimore ranks last in the field for pay, reporting salaries 16 percent below the national average. Two other places where employers offer below-median salaries are Nashville (14 percent less) and Atlanta (11 percent less).

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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
0%

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 252 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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