Budget Analyst Salary

Budget Analysts in the United States pull down an average of $58K per year. Including potential for bonuses and profit sharing — peaking near $6K and $10K, respectively — total cash payment to Budget Analysts can bottom out near $40K or peak near $84K depending on individual performance. This group's pay is mainly influenced by location, followed by the company and years of experience. A large number report receiving medical coverage from their employers and most collect dental insurance. Women Budget Analysts who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$42,984 - $86,355
$43K
$59K
$86K
MEDIAN: $58,512
10%
50%
90%

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$16.36 - $34.61
$16
$23
$35
MEDIAN: $23.27
10%
50%
90%

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$0$86K
Salary $42,984 - $86,355
Bonus $0.00 - $6,010
Profit Sharing $592 - $10,256
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).
)
$40,833 - $85,347
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 726
Hourly Data $0$56
Hourly Rate $16.36 - $34.61
Overtime $23.60 - $56.59
Annual Data $0$85K
Bonus $0.00 - $6,010
Profit Sharing $592 - $10,256
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).
)
$40,833 - $85,347
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 113

Find Out Exactly What You Should Be Paid

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

  • 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 it's uncommon, some Budget Analysts move into roles as Finance Directors, where pay is an average $105K per year. Career advancement for the typical Budget Analyst often leads to becoming a Senior Financial Analyst or a Budget Manager; median salaries in these positions are $19K higher and $15K higher, respectively.

Budget Analyst Job Listings

Popular Employer Salaries for Budget Analyst


Department of Veteran's Affairs offers the highest compensation with a median salary of $69K.

Popular Skills for Budget Analyst


Budget Analysts generally report applying a varied skill set to their work. 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 and Microsoft Excel. Most people skilled in Budget Management are similarly competent in 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: $57,508

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

With a pay rate for Budget Analysts that is 30 percent greater than the national average, Arlington offers a comfortable salary for those in this profession. Budget Analysts will also find cushy salaries in Dallas (+21 percent), Washington (+14 percent), Philadelphia (+13 percent), and Boston (+12 percent). Trailing the national average by 13 percent, Baltimore is the market with the smallest paychecks. Employers also pay below the national average in Phoenix (10 percent lower) and Indianapolis (9 percent lower).

Related Job Salaries

Key Stats for Budget Analyst

Gender

Female
57 %
Male
43 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 144 votes.
Less than 1 year
5%
1-4 years
41%
5-9 years
23%
10-19 years
20%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Budget Analyst Salaries

▲20%

▲12%

▲6%

National Average
$58,000

▼10%

Skills That Affect Budget Analyst Salaries

Forecasting
▲6%

▲2%



National Average
$58,000

Data Analysis
▼1%

▼1%




Financial Modeling
▼7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 144 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
20%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 72%
no benefits
None: 11%
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