Budget Analyst at a Glance

Projected Job Growth

  • +0% Job Growth for
    Budget Analyst

  • 2013
  • 2023

Average Salary for Budget Analyst

  • $0 Annual Pay
    National Average
  • $0 Hourly Pay
    National Average

Best States for Budget Analyst

  Employment
in 2011
Average
Annual Salary
Average
Hourly Pay
District of Columbia 1,880 $88,230 $42
New Mexico 680 $66,430 $32
Alaska 320 $82,040 $39

Becoming a Budget Analyst

Budget analysts typically hold a bachelor's degree, although many positions do require a master's degree. Some undergraduate degree programs are more practically useful than others, depending on the type of agency you plan to work for, be it private, governmental, or non-profit. Entry-level government budget analyst positions at the federal, state, and local level only require a bachelor's degree in accounting, public finance, economics, or another related area. To advance, governmental agencies will likely favor candidates with a master's in public administration or public policy. Depending on the position, budget-related or finance-related work experience can sometimes be substituted for formal education.

Several schools offer online bachelor's degrees in business finance, accounting, economics, and other areas applicable to a career as a budget analyst. Earning a bachelor's degree in accounting is a good first step toward a career as a budget analyst for a small to mid-size company. A sampling of classes you may take in an undergraduate accounting program, drawn from course listings for Colorado State University's online bachelor of science degree in accounting program, include the following:

  • Principles of Financial Accounting
  • Analyzing Financial Statements
  • Accounting for Government & Nonprofit Entities
  • Auditing

Budget analysts may receive on-the-job training over the course of one budget cycle. Throughout their careers, budget analysts take continuing education and professional development classes. The website for the Association of Government Accountants provides information for several on-site and online continuing education and certification opportunities.