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Budget analysts investigate a company or firm’s finances and advise on new budget allocations. They work mostly in the private sector, but some analysts work for non-profits and some government agencies. Any company that requires help with their finances may be aided by these analysts.
A company submits their finances at the beginning of each budget cycle so the analyst can accurately estimate the company’s budget data. The analysts usually advise the company about any pitfalls to the budget proposals and then give financial alternatives to help the company’s bottom line.
Budget analysts may work as independent contractors or for budget analysts firms. An individual analyst usually works 40 hours a week compiling and researching data for the companies they are contracted with. Most of their workload comes within different company’s quarters and near the beginning and end of the financial years.
A budget analyst needs a bachelor’s degree, but some budget analyst firms require a master’s degree. Many budget analysts simply are promoted within their firms without the need for certification. However, if budget analysts work for government agencies, the Advancing Government Accountability can give certification in the form of a Certified Government Financial Manager. Budget analysts that desire this certification need a bachelor’s degree, 24 hours of financial management course work, and work for at least 2 years in a government agency’s budget analysis office.
The government has become one of the biggest employers for budget analysts. This new trend is from state and local governments. Local government requires the help of budget analysts so that towns and cities can balance their budgets and public finances. This trend has helped fuel the hiring of more government budget analysts. However, the private sector contacts independent budget analysts heavily. The Bureau of Labor Statistics is expecting around a 15 percent increase in job opportunities for budget analysts across the United States.
Budget analysis earn higher than average wages. The highest 10 percent of budget analysts make over $100,000 a year and many mid-level budget analysts contracted by large firms make approximately $70,000 a year.
What else can I help you with?
What sort of skills are required for budget analyst jobs?
To get a job as a budget analyst one would need skills in software such as Excel and Microsoft Suite and Power Point, accounting and mathematical skills acquired though education and certification.
Do Financial Analyst jobs have a higher salary than budget Analyst?
Potentially a budget analyst will have a higher salary but this is depedant on how much you work yourself up as a finsancial analyst. You could be earning just as much depending on your position.
Where can one find a good budget analyst?
Though it may be difficult these days to find a good budget analyst, several different sites online offer legit, clear, and easy-to-use budget analyst tools. Sites like Indeed or BudgetAnalyst offers services and even jobs to those looking for careers as budget analyst or just plain services.
What kind of job can a finance degree get me?
Finance degree have a big range of jobs. You can be an accountant, Financial Adviser, Financial Analyst, Auditors, Loan officer, Collector, Budget Analyst, Treasurer, Bank Teller or even Buyer.
What is reason for having a manager participate as a job analyst?
reason for having the manager participate as a job analyst?
How many available finance analyst jobs are there?
There are plenty of finance analyst jobs available. For information on analyst jobs online, job seekers websites are recommended. Some examples includes, 'Total Job' and 'Indeed'. Both websites offers a list of finance analyst job.
Where would one go to find a Business Analyst job description?
A business analyst job description can be found online. You can search the term. Also, find a business analyst in one's local region. They can provide one many insights about the job.
What is the job of VBA Analyst?
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Budget Analyst?
Budgeting is important in any venture. People must budget household expenses and businesses have to budget their own financial profits in relation to their expenses. A budget analyst reviews and interprets financial data so that an organization can more effectively spend its money in the future. A budget analyst can instruct an organization on the most effective plan that can be put in place so that it can accomplish its goals. As the name implies, a budget analyst analyzes budgets. They look over financial records, track expenses, note profits, and then interpret the data so that a reasonable budget can be created to ensure maximum success for the business or non-profit organization. Basically a budget analyst determines the best distribution of money throughout an organization. No organization has limited funds. That’s why the work of the budget analyst is so important. There are several variations of budget analyst, though each variation differs in its job duties. There are budget accountants, managers, and supervisors, as well as budget planners. There are differences in these occupations, some small some large. All are connected through their work with budgeting. Budget analysts begin making $45,110 to $69,469, depending on the type of organization they’re budgeting for. Most analysts work for local, state, or Federal governments. They receive wonderful health benefits as well as a good salary. Education is a requirement to become a budget analyst. It’s a very competitive field. A bachelor’s degree is the minimum requirement to obtain this job, and many employers now require a master’s degree. The more education a budget analysis has, the better their chances of acquiring a good job, and in some cases any job at all. A budget analyst is a big part of the success of any organization and can make a difference in all branches of government. Many annual budgets for states come directly from the important work of budget analysts, so it isn’t just work with numbers. The numbers are analyzed but the end result is that people receive the kind of funds they need to perform their tasks. Analyzing and interpreting a budget is one of the most important functions in any organization.
When do the OSD Comptroller analyst and Office of Management and Budget analyst hold hearings to review the service's budgets?
Each year around October and November
What was Jon Gosselin's profession?
He was an IT analyst, but he quit his job.
What was the budget for Inside Job?
The Production Budget for Inside Job was $2,000,000.
