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Careersβ€ΊRolesβ€ΊBudget Analyst
Mid-Level

Budget Analyst

Budget Analysts build, monitor, and explain an organization's budget β€” projecting revenue, modeling cost scenarios, flagging variances, and translating spreadsheets into language leadership can act on. The work tends to mix steady cycles with hot stretches around fiscal planning.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
E
I
S
A
R
Conventionalorganizing, detail-oriented
Enterprisingleading, persuading
Based on Holland Code framework
Industries that often hire Budget Analysts
Government Β· 50%Education Β· 14%Professional Services Β· 10%Healthcare Β· 4%Manufacturing Β· 4%Financial Services Β· 3%
Job markets for Budget Analysts
Where Budget Analyst jobs concentrate Β· ~165 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business Operations
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Budget Analyst

Most days are a mix of model-building and stakeholder questions β€” pulling actuals against forecast, refining assumptions, drafting variance commentary, answering the program manager wondering why a line is over. You're often paired with finance, program leads, and procurement, and the rhythm depends heavily on the sector β€” government, healthcare, higher-ed, and corporate finance run very differently.

What's harder than people expect is the political layer on top of the math. A budget is rarely just a budget β€” it's headcount fights, priority trade-offs, and unspoken constraints. Year-end and quarterly close stretch into long weeks; the rest of the year tends to be steadier. Tools vary widely too, from Excel and Hyperion to Anaplan or in-house systems, and learning to flex matters.

People who tend to thrive here are comfortable with ambiguity, fluent in numbers, and patient with people who aren't. If you want fast pivots and product velocity, this role can feel slow. If you like being the person who actually understands where the money goes, the work has a kind of quiet leverage few seats carry.

What people in this role value
Working ConditionsAbove avg
SupportModerate
IndependenceModerate
AchievementModerate
RecognitionModerate
RelationshipsLower
O*NET Work Values survey
✦ Editorial β€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape β€” and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Budget Analysts (SOC 13-2031.00), not just this title Β· BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations β†’
Budget AnalystBudget AccountantCost AccountantProgram AnalystFiscal AnalystCost AnalystFinancial Services OfficerFiscal AgentBudget OfficerFiscal OfficerBudget EngineerBudget ExaminerBudget SpecialistBudget CoordinatorFiscal Budget AnalystProgram Budget AnalystStaff Services AnalystBudget Planning AnalystBudget and Policy AnalystBudget Management AnalystFinancial Management AnalystBudget Administrator (Budget Admin)
Exploring the Budget Analyst career path? Truest helps you figure out if it's the right fit β€” and plan your path forward.
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✦ Editorial β€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape β€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$61K–$135K
Salary Range
10th – 90th percentile
47K
U.S. Employment
+1%
10yr Growth
3K
Annual Openings

How Budget Analyst pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 Β· BLS Employment Projections 2024–2034

Skills & Requirements

Critical ThinkingMathematicsActive ListeningReading ComprehensionComplex Problem SolvingSpeakingJudgment and Decision MakingManagement of Financial ResourcesActive LearningMonitoring
O*NET OnLine Β· Bureau of Labor Statistics
Mapped SOC Codes
13-2031.00

Explore related roles

Roles with similar work and overlapping career paths

seniorSenior Budget Analyst$88KjuniorJunior Budget Analyst / Budget Analyst I$88KmidBudget Accountant$82KmidCost Accountant$85KseniorSenior Cost Accountant$85KmidProgram Analyst$96K
View all Business Operations roles β†’

Common questions about what it's like to be a Budget Analyst

What does a Budget Analyst do?

Budget Analysts build, monitor, and explain an organization's budget β€” projecting revenue, modeling cost scenarios, flagging variances, and translating spreadsheets into language leadership can act on. The work tends to mix steady cycles with hot stretches around fiscal planning.

How much does a Budget Analyst make?

Median pay for a Budget Analyst is about $88K nationally, with the field ranging roughly from $61K to $135K depending on experience, employer, and metro (BLS).

What skills does a Budget Analyst need?

Core skills for this role include Critical Thinking, Mathematics, Active Listening, Reading Comprehension, and Complex Problem Solving.

What education do you need to be a Budget Analyst?

Most people in this role hold a bachelor's degree.

Is a Budget Analyst in demand?

Employment in this field is projected to grow about 1% through 2034, with roughly 47,170 people working in it today (BLS).

What jobs are similar to a Budget Analyst?

Closely related roles include Senior Budget Analyst, Junior Budget Analyst / Budget Analyst I, and Budget Accountant.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) Β· BLS Employment Projections Β· O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.