For information about the Government Financial Manager certification, visit. Budget Analyst Salary Estimates and Job Outlook. Since this occupation has relatively few job openings due to separations, jobseekers are likely to face competition for the limited number of budget analyst positions. Budget analyst Interview Questions "Employers hiring budget analysts are looking for bright candidates who can evaluate business expenses and identity ways to make their company more cost effective. 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. Insurance underwriting analyst: analyzes individual, company, and industry data for decisions on insurance plans. Cover letter is required. Senior Budget Analyst Job Description. Analysts examine these proposals to make sure they are complete, accurate, and follow the organization’s procedures, regulations, and objectives. Most budget analysts work full time, and overtime is sometimes required during final reviews of budgets. They identify budget issues that need to be addressed, notify management, and then make recommendations for new budgeting strategies. Truity does not editorialize the information, including changing information that our readers believe is inaccurate, because we consider the BLS to be the authority on occupational information. Budget Analyst Qualifications / Skills: Developing budgets Holland Code: C-E-R To earn this certification, candidates must have a minimum of a bachelor’s degree, 24 credit hours of study in financial management, 2 years of professional-level experience in governmental financial management, and they must … Analysts usually get their degree in fields such as accounting, finance, public administration or statistics. 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. It contains common patterns of creditable experience and education to be used in making qualifications determinations. Income potential for budget analysts can vary depending on factors such as employment industry, location, and level of education. Budget Analysts typically are required to possess a bachelor's degree in Accounting, Finance or related field. Budget Analysts support the financial strategy of a company and engage in work activities like developing budgets, managing funds and resources, performing cost-benefit analyses, estimating future financial needs, and guiding other employees regarding budget … They analyze data to determine the costs and benefits of various programs, and they recommend funding levels based on their findings. They must also pass a series of exams. On this site, you can take the Career Personality Profiler assessment, the Holland Code assessment, or the Photo Career Quiz. Job Description The Manager will assist in the Financial Planning and Analysis operations for bswift. The requirements for this certification includes a minimum of a bachelor’s degree, 24 credit hours of study in financial management, two years of professional experience in governmental financial management, and passing scores on three exams that evaluate competency and test a candidate’s knowledge of ethics and related law. Budget Analyst User’s Guide IFCAP Version 5.1 v Preface This is the IFCAP V. 5.1 Budget Analyst User's Guide. The U.S. Department of Labor, Bureau of Labor Statistics expects budget analysts with master’s degrees to have the best job opportunities. Sometimes, budget-related or finance-related work experience can be substituted for formal education. The minimum education for a budget analyst is a bachelor’s degree in accounting, finance, or a related area. Senior and high-profile positions will require an advanced degree such as a Masters or Doctorate. The position to be filled is a Management Analyst, GS-343-9. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. There is no published author for this page. Courses in accounting, economics, and statistics are helpful. Budget analysts held about 56,900 jobs in 2018. Find out what it takes to succeed as a budget analyst or budget … At the start of each budget cycle, managers and department heads submit proposals to budget analysts for review. Copyright © 2020, Truity. Each job entry includes several … … The median annual salary for a budget analyst in 2016 was $73,840, according to the BLS. We want to see candidates with strong attention to detail, writing skills and excellent communication ability. Not sure how to choose the best career for you? Assist in developing operating budgets. Some government budget analysts help evaluate performance programs, analyze financial policies for efficiency and viability, and help draft budget-related legislation. Budget analysts must have the ability to explain their … Demand for efficient use of public funds at the federal, state, and local levels will lead to continued demand for budget analysts. Budget Analysts typically are required to possess a bachelor's degree in Accounting, Finance or related field. High School Requirements. 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 Analyst II, Office of Sponsored Programs Tracking Code 2769-254 Job Description The Office of Sponsored Programs invites applications for a Budget Analyst II. If you are in high school and … Federal, state, and local governments have varying requirements, but usually require a bachelor's degree in one of many areas, such as accounting, finance, business, public administration, economics, statistics, political science, or sociology. Budget Analyst Resume Samples and examples of curated bullet points for your resume to help you get an interview. The … GS-09 Interpreting guidance, preparing and submitting a budget; ensuring budget is executed accordingly. Budget analysts must be able to process a variety of information, evaluate costs and benefits, and solve complex problems. BUDGET ANALYST QUALIFICATIONS Bachelor of Science degree in accounting, business administration, finance, or statistics is required Three (3) to five (5) years experience in governmental accounting General knowledge of computer Good analytical skills Knowledge of calculators and ratios REPORTS TO The Thinking interest area indicates a focus on researching, investigating, and increasing the understanding of natural laws. When looking at the biggest industry employers of budget analysts, the median salaries that year were: The BLS expects employment opportunities for budget analysts to increase by seven percent during the ten-year period leading up to 2026, keeping pace with the overall national job growth trend. Gain the clarity and confidence that comes from understanding your strengths, talents, and preferences, and knowing which path is truly right for you. Budget analysts also may examine past budgets and research economic and financial developments that affect the organization’s income and expenditures. In general, budget analysts need at least a bachelor’s degree in a related field, such as business administration, finance, or accounting. For example, if there is a difference between the approved budget and actual spending, budget analysts may write a report explaining the variations and recommend changes to reconcile the differences. In May 2019, the median annual wages for budget analysts in the top industries in which they worked were as follows: Employment of budget analysts is projected to grow 4 percent from 2018 to 2028, about as fast as the average for all occupations. Math skills. 15,453 Budget Analyst jobs available on Indeed.com. Creating an efficient budget requires careful analysis of each budget item. There is no specific budget analyst degree. Qualifications. This information is taken directly from the Occupational Outlook Handbook published by the US Bureau of Labor Statistics. Education for Budget Analysts. Budget Analyst Qualifications … Although government officials or top executives in a private company usually make the final decision on an organization’s budget, they rely on the work of budget analysts to prepare the information for that decision. Full-time, temporary, and part-time jobs. Take this opportunity in your budget analyst job description to tell prospective candidates about work from home and support staff options, and sell them on the benefits that set your firm apart, such as stock and ownership options, paid parental leave, or corporate travel accounts. The median annual wage for budget analysts was $76,540 in May 2019. Job description and duties for Budget Analyst. Assist budget holders with the input of data … Budget analyst: focuses on the analysis and reporting of a specified budget. The middle 50 percent earned between $52,290 and $82,150. Take this opportunity in your budget analyst job description to tell prospective candidates about work from home and support staff options, and sell them on the benefits that set your firm apart, such as stock and ownership options, paid parental leave, or corporate travel accounts. Apply to Budget Analyst, Senior Budget Analyst and more! Some senior analyst jobs require an MBA or a master’s degree in accounting, finance, or a related field. Sometimes, budget analysts use cost–benefit analyses to review financial requests, assess program tradeoffs, and explore alternative funding methods. Because budget analysts are responsible for managing the allocation of resources, the need for these workers remains even during times of tight budgets. Employers generally require budget analysts to have at least a bachelor's degree. ... Resume should clearly illustrate how prior knowledge and experience meets the Minimum and Desired qualifications of this position. Budget Analyst Education Requirements. The Organizing interest area indicates a focus on working with information and processes to keep things arranged in orderly systems. Occasionally, budget analysts may evaluate how well a program is doing, provide policy analysis, and draft budget-related legislation. Associate Budget Analyst – $5,149.00 - $6,664.00 per month View the Associate Budget Analyst classification specification APPLICATION INSTRUCTIONS Final Filing Date: Continuous Who Should Apply: Applicants who meet the minimum qualifications as stated on this bulletin may apply for and take this examination. There are plenty of opportunities to land a Budget Analyst job position, but it won’t just be handed to you. 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