Budget Analyst Salary

Budget Analysts in the United States can expect to earn an average of $57K annually. In the world of Budget Analysts, overall cash allowance can occasionally include more than $6K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $40K and $85K. Compensation for this group is mainly affected by residence, but the specific employer and years of experience are influential factors as well. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Budget Analysts report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$40,555 - $85,170
(Median)
$41K
$57K
$85K
MEDIAN: $57,253
10%
50%
90%

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$17.04 - $34.94
(Median)
$17
$23
$35
MEDIAN: $23.00
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$29K$58K$87K
Salary
$40,555 - $85,170  
   
Bonus
$0.00 - $5,957  
Profit Sharing
$0.00 - $9,500  
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).
)
$40,316 - $85,237  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,231
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
$17.04 - $34.94  
   
Overtime
$24.47 - $48.46  
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 - $5,957  
   
Profit Sharing
$0.00 - $9,500  
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).
)
$40,316 - $85,237  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 131
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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 sometimes assume positions such as Finance Directors. That role pays $104K per year on average. Becoming a Senior Financial Analyst is, more often than not, the most common role that Budget Analysts move into when they're ready for the next step in their career. The average salary for the position is $75K. Another frequent advance is for Budget Analysts to assume a Financial Analyst role; in this role, workers often earn $55K.

Budget Analyst Job Listings

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Popular Employer Salaries for Budget Analyst


Ada County Highway District offers the largest salaries in town — $68K on average.

Popular Skills for Budget Analyst


Budget Analysts report using a wide range of professional skills. Most notably, facility with Financial Modeling, Forecasting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 25 percent, 7 percent, and 4 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Accounting and Microsoft Excel. Those familiar with Budget Management also tend to know Budgeting and Microsoft Excel.

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 beginner in this position makes around $52K, but folks who have been around for five to 10 years see a markedly higher median salary of $60K. Budget Analysts claiming one to two decades of experience make an estimated median of $66K. Budget Analysts who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $70K.

Pay Difference by Location

National Average: $56,453

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

Surpassing the national average by 32 percent, Budget Analysts in Arlington receive some of the highest pay in the country. Budget Analysts can also look forward to large paychecks in cities like Washington (+22 percent), Atlanta (+15 percent), Boston (+14 percent), and Seattle (+6 percent). With compensation 16 percent below the national average, Nashville is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Baltimore and Houston also lean toward paying below-median salaries (16 percent lower and 9 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 25%

Forecasting
up arrow 7%

Financial Analysis
up arrow 4%

Budget Management
up arrow 3%

Data Analysis
up arrow 1%

Budgeting
0%

Financial Reporting
0%

National Average
$56,000

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 220 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
26%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 78%
medical benefits
Vision: 67%
dental benefits
None: 8%
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