Qualifications; Budget Analyst, 0560 Budget Analyst, 0560. Most budget analysts work full time, and overtime is sometimes required during final reviews of budgets. Analysts submit the budget summaries to senior management, or in the case of government work, to appointed or elected officials responsible for budgeting decisions. To earn this certification, candidates must have a minimum of a bachelor’s degree, 24 credit hours of study in financial management, and 2 years of professional-level experience in governmental financial management. Sometimes, budget analysts use cost–benefit analyses to review financial requests, assess program tradeoffs, and explore alternative funding methods. Wages of budget analysts vary by experience, education, and employer. High School Requirements. Budget analysts typically have an interest in the Thinking, Persuading and Organizing interest areas, according to the Holland Code framework. As with virtually any career, salary expectations can increase with education and experience. The top ten percent of earners with this … However, if you would like to correct a typo or other technical error, you can reach us at [email protected]. Most budget analysts need math skills and should be able to use certain software, including spreadsheets, database functions, and financial analysis programs. Verified employers. For information about the Government Financial Manager certification, visit. They identify budget issues that need to be addressed, notify management, and then make recommendations for new budgeting strategies. According to the Bureau of Labor Statistics, the median salary for budget analysts as of May 2018 was $76,220, while the top ten percent earned more than $116,300. The lowest 10 percent earned less than $50,230, and the highest 10 percent earned more than $116,510. The last published figures by the Bureau of Labor and Statistics, for budget analysts in 2012, the median annual salary was $68,200. If you are in high school and you think you may want to pursue a career as a budget analyst, you should take math, including statistics, English, and computer classes. Budget Analysis Series, 0560 Individual Occupational Requirements. Employers generally require budget analysts to have at least a bachelor's degree. If you are not sure whether you have a Thinking or Persuading or Organizing interest which might fit with a career as a budget analyst, you can take a career test to measure your interests. Budget analysts should also possess the following specific qualities: Analytical skills. Budget analysts may benefit from CPA certification, which qualifies holders to practice... CERTIFIED FINANCIAL PLANNER However, some employers may require candidates to have a master’s degree. Budget analysts’ main responsibility in a for-profit business is to analyze the budget and look for ways to use resources more efficiently so as to increase profits. Use our Career Test Report to get your career on track and keep it there. Becoming a Budget Analyst Step 1: High School Requirements High School Courses for Budget Analysts. Must have excellent communication and writing skills. Employment of budget analysts is projected to grow 3 percent from 2014 to 2024, slower than the average for all occupations. The largest employers of budget analysts were as follows: Although budget analysts usually work in offices, some may travel to get budget details firsthand or to verify funding allocations. Newly hired budget analysts, budget assistants, other analysts, assistants, administrative staff working on budget issues, other staff members who handle budget issues, and anyone else who wants to learn about the Budget Analysis Series, GS-0560 What You Will Learn. High School Courses for Budget Analysts. Because developing a budget requires strong numerical and analytical skills, courses in accounting, economics, and statistics are helpful. Job Category: Accounting and BudgetJob Series: 0560 (OPM Classification & Qualifications) Types / ParentheticalsBudget AnalystLead Budget AnalystSupervisory Budget Analyst OverviewThis job series covers positions responsible for advising, performing or supervising work in any phase of budget administration when such work requires knowledge and skill in applying budget … Part-time experience can be pro-rated (i.e., a year at 20 hours per week is credited as 6 months … There is no specific budget analyst degree. Budget analysts need strong communication skills because they often have to explain and defend their analyses and recommendations in meetings and legislative committee hearings. Although many states are facing budget shortfalls, employment of these workers should remain steady. Budget analysts may recommend cutting spending on particular programs or redistributing extra funds. Because budget analysts are responsible for managing the allocation of resources, the need for these workers remains even during times of tight budgets. Budget analysts then combine individual departmental budgets into operating and capital budget summaries that contain statements that support or advocate against funding requests. They prepare annual and special reports and evaluate budget proposals. Writing skills. Budget Analyst Resume Examples. They must also pass a series of exams. … The pressures of deadlines and tight work schedules can be stressful. Insurance underwriting analyst: analyzes individual, company, and industry data for decisions on insurance plans. Budget Analyst Qualifications … The budget analyst resume sample covers about 15 years of career experience and includes the company name, official job title, dates of employment, and location of each job. They analyze data to determine the costs and benefits of various programs, and they recommend funding levels based on their findings. There is no published author for this page. Median annual wages of budget analysts in May 2008 were $65,320. U.S. Office of Personnel Management… In large organizations such as major corporations and state and local governments, a senior budget analyst leads a team of other budget analysts and financial specialists in developing the annual budget. In addition to providing technical analysis, budget analysts must communicate their recommendations effectively to officials within the organization. This credential … Some government budget analysts help evaluate performance programs, analyze financial policies for efficiency and viability, and help draft budget-related legislation. EXPERIENCE: One year of work experience is twelve months working full-time (at least 35-40 hours per week). These proposals include operational and financial plans for the organization’s programs, estimates of the financial resources needed for the programs, and recommendations for how to fund the programs. I would like to cite this page for a report. Learn the qualifications and degrees needed to be a business analyst and the types of analyst careers. Senior and high-profile positions will require an advanced degree such as a Masters or Doctorate. Barbaricum is seeking an early-career financial professional to support Barbaricum's rapidly growing corporate operations. This information is taken directly from the Occupational Outlook Handbook published by the US Bureau of Labor Statistics. The position to be filled is a Management Analyst, GS-343-9. Because developing a budget requires strong numerical and analytical skills, courses in accounting, economics, and … Creating an efficient budget requires careful analysis of each budget item. Join SAIC as a Budget Analyst and step up your professional experience! The budget analyst series covers positions that perform, advise on, or supervise work in any of the phases of budget administration when such work requires knowledge and skill in applying budget … Employers generally require budget analysts to have at least a bachelor's degree. Their primary role is to collect and interpret data to gain a broader insight into a … In this role, your responsibilities will include all aspects of formulation, analysis, justification, and automation of Intel Community (IC) budgets. Who is the author? Senior Budget Analyst Job Description. Analysts then help the managers or officials analyze the proposed budget to come up with alternative options if the budget doesn’t meet current needs and restrictions. The document uses the job title of Budget Analyst as the headline with a sub heading that emphasizes their key qualifications which includes budget management, program performance evaluation, policy … The Persuading interest area indicates a focus on influencing, motivating, and selling to other people. The minimum education for a budget analyst is a bachelor’s degree in accounting, finance, or a related area. According to the Bureau of Labor Statistics, about 31 percent of all budget analysts work for federal, state, or local government agencies where they are responsible for determining how to most efficiently distribute money and other resources among departments and programs. Analysts also evaluate programs to determine whether they are producing the desired results. This position will be based exclusively out of our Corporate Headquarters in Washington, DC, with standard onsite core business hours (9am-5pm, Monday-Friday). Job description and duties for Budget Analyst. 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