Employment Trends For Budget Analyst

The median annual salary for a budget analyst in 2016 was 73840 according to the BLS. They spend the majority of their time working independently compiling and analyzing data and preparing budget proposals.

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Perform budget to actual variance analysis to identify inaccuracies trends personnel reclassifications potential budget shortfalls or cost overruns and opportunities for surpluses Assist with analysis used in decision making and recommendations to Management and Programs.

Employment trends for budget analyst. Employment 2018 Projected employment 2028 Projected growth 2018-2028 Projected annual job openings 2018-2028 920 employees. This specialty provides input guidance and recommendations to facilitate fiscal decisions of University officers and trustees using analysis of historical trends complex performance indicators bench-mark data and projection methodologies. The schedules of budget analysts vary throughout the budget cycle and many are required to work additional hours during the initial development mid-year reviews and final reviews of budgets.

Employment of budget analysts is projected to grow 3 percent from 2014 to 2024 slower than the average for all occupations. Based on our example resumes essential qualifications for this role are analytical thinking financial. Covid-19 may also cause a slowdown in employment growth in large cities while encouraging growth in the suburbs.

13-203100 - Budget Analysts. On the low end budget analysts earned a 25th percentile salary of 58860 meaning 75 percent earned more than this amount. Employment 2019 Projected employment.

Budget analysts also research relevant economic industrial and occupational developments to inform future projections and recommendations. Overall its essential to develop a robust skill set that appeals to many employers. Guide the recruiter to the conclusion that you are the best candidate for the financial budget analyst job.

Employment of budget analysts is projected to grow 4 percent from 2018 to 2028 about as fast as the average for all occupations. 1 Those in professional scientific or technical services stand to earn even more with their average being 81550. 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 procedures.

Budget analysts usually work in a comfortable office setting. Functions include developing implementing monitoring and controlling the Universitys annual operating budget. Helpful Resources If youre interested in starting a career or learning more about working as a budget analyst we found many additional resources on the web.

Job Outlook for Budget Analysts About this section Employment of budget analysts is projected to grow 3 percent over the next ten years about as fast as the average for all occupations. Bureau of Labor Statistics. Demand for efficient use of public funds at the federal state and local levels will lead to continued demand for budget analysts.

Companies benefiting from those trends will likely boost their hiring and provide graduates with good career opportunities. This reflects an annual growth rate of 04 percent slower than the 200919 annual growth rate of 13 percent. These professionals look for trends and perform cost-benefit analyses.

The Bureau of Labor Statistics BLS projects a 4 growth in budget analyst jobs from 2018-2028. 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. Budget Analyst Resume Examples.

Budget analysts should be needed for their ability to manage the allocation of funds in both governments and businesses. The top ten percent of earners with this job title as a whole topped out at more than 111460. Demand for efficient use of public funds at the federal state and local.

Employment of budget analysts is expected to increase by 15 percent between 2008 and 2018 faster than the average for all occupations. Employment is projected to grow from 1628 million to 1688 million over the 201929 decade an increase of 60 million jobs. This guide lists professional resources and includes information about necessary skills education and qualifications for budget analysts.

Its actually very simple. The BLS expects budget analyst employment to grow 7 percent through 2026 with particularly strong growth in government fields. Tailor your resume by picking relevant responsibilities from the examples below and then add your accomplishments.

Although many states are facing budget shortfalls employment of these workers. View trends for state. The job responsibilities of a budget analyst include monitoring spending preparing budget reports and analyzing data.

7 rows The median annual wage for budget analysts was 76540 in May 2019. Employment growth will be driven by the continuing demand for sound financial analysis in both the public and the private sectors. 2016 Salary Information for Budget Analysts Budget analysts earned a median annual salary of 73840 in 2016 according to the US.

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