Senior Budget Analyst Salary

A little over a half of Senior Budget Analysts in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $53K to $100K per year, and the average comes out to $79K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Job satisfaction for Senior Budget Analysts is high. Men make up a slight majority of Senior Budget Analysts (59 percent) who responded to the survey. Most claim medical and dental insurance and a strong majority get vision coverage. This overview is based on answers to PayScale's salary questionnaire.
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$53,098 - $97,997
$53K
$78K
$98K
MEDIAN: $78,270
10%
50%
90%

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$0$98K
Salary $53,098 - $97,997
Bonus $0.00 - $15,319
Profit Sharing $8,500
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).
)
$53,415 - $98,992
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 128

Job Description for Senior Budget Analyst

A senior budget analyst is the person who is responsible for helping an institution organize their finances and budgets. This is a position found in a variety of professional settings, including public companies, non-profit organizations, government agencies, and universities. A senior budget analyst will typically work in an office environment, although some light travel may be required. This person will typically keep traditional weekday, daytime hours. However, overtime may also be required, depending on deadlines. A senior budget analyst will often be required to attain a bachelor’s degree in an area such as accounting, business, finances, economics, statistics, sociology, political science, or public administration. Organizations are increasingly requiring a master’s degree for this position. Some agencies are also requiring their senior budget analysts to attain specialized certifications within the field, as well as continuing education in financial management.

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Senior Budget Analyst Tasks

  • Review and analyze budget data, identifying gaps and finding data to answer key questions.
  • Identify trends and opportunities to improve financial status.
  • Develop, validate and communicate financial metrics.
  • Meet with and guide department heads about budget needs and decisions.
  • Present findings in multiple formats to multiple audiences.

Senior Budget Analyst Job Listings

Popular Skills for Senior Budget Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Microsoft Excel, Financial Analysis, Budgeting, and Budget Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Forecasting, Budget Management, and Budgeting. The majority of those who know Budget Management also know Forecasting.

Pay by Experience Level for Senior Budget Analyst

Pay by Experience for a Senior Budget Analyst has a positive trend. An entry-level Senior Budget Analyst with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 28 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior 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 $71,000 based on 49 salaries. An experienced Senior Budget Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $71,000 based on 44 salaries. A Senior 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 $92,000 based on 35 salaries.

Pay Difference by Location

National Average: $78,482

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

Senior Budget Analysts will find that Washington offers an impressive pay rate, one which exceeds the national average by 11 percent. Senior Budget Analysts will also find cushy salaries in Los Angeles (+5 percent). Compared to the national average, Atlanta Senior Budget Analysts have considerably lower salaries, 24 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Two other places where employers offer below-median salaries are Boston (18 percent less) and New York (9 percent less).

Related Job Salaries

Key Stats for Senior Budget Analyst

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
33%
10-19 years
27%
20 years or more
27%

Experience Affects Senior Budget Analyst Salaries

▲18%

National Average
$78,000

▼10%

▼10%

▼26%

Skills That Affect Senior Budget Analyst Salaries

National Average
$78,000

Microsoft Excel
▼4%


Budgeting
▼7%


▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
33%
10-19 years
27%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 89%
vision benefits
Vision: 76%
no benefits
None: 6%