BUSINESS Zone 4: Considerable Preparation

Budget Analysts

Budget Analysts earn $91,640 nationally at the median. The middle 50% of workers fall between $75,320 and $114,220. Where you land depends on specialization, employer, and experience.

About Budget Analysts

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.


Median Wage
$91,640
Employed Nationally
47K
Openings / Year
3,100
Entry Education
Bachelor's degree
Job Zone
Zone 4: Considerable Preparation

Also known as:

Budget Administrator (Budget Admin) Budget Analyst Budget and Policy Analyst Budget Coordinator Budget Engineer

How Much Do Budget Analysts Make?

Budget Analysts earn $91,640 nationally, well above the national median for college graduates. The middle 50% of earners fall between $75,320 and $114,220. Actual pay varies by employer, specialization, and location.

$91,640
National Median (Annual)

Well above average for college graduates.

$75K–$114K
Middle 50% Range

25th to 75th percentile. Most workers earn within this band.


Earnings Range

What Do Budget Analysts Do?

O*NET data identifies 5 core activities and 5 measurable skills for Budget Analysts roles. Use this section to judge whether the day-to-day reality aligns with what you actually want to spend time doing.

What You'll Do

  • Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
  • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  • Review operating budgets to analyze trends affecting budget needs.
  • Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
  • Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.

Core Skills Employers Look For

Mathematics Critical Thinking Speaking Complex Problem Solving Judgment and Decision Making

Who Thrives Here

C
Conventional

Success depends on precision and structured processes, where detail-oriented people who work consistently within established systems perform best.

E
Enterprising

Leadership, influence, and business acumen are rewarded here, where managing teams, driving decisions, or persuading others shapes career outcomes.

I
Investigative

This career demands analytical thinking: researching problems, interpreting data, and applying logical reasoning to find practical solutions.

Where Do Budget Analysts Work?

What the physical and mental conditions of this job actually look like day to day, based on O*NET Work Context data collected from people working in this occupation.

Work Setting
Mixed

Split between indoor and outdoor or field settings.

Physical Demands
Light

Mix of sitting and movement throughout the day.

Stress Level
Moderate

Moderate pressure. Regular deadlines exist but are generally manageable with experience.

What Is the Job Outlook for Budget Analysts?

The BLS projects +1.0% employment change for Budget Analysts through 2034, below the national average of +5%. About 3,100 openings per year keep the field accessible to new entrants.

↗ +1.0%
10-Year Growth (2024–2034)

Slower than average.

3,100
Annual Openings

New positions plus replacements for retirees and career-changers.

47K
Currently Employed

Total US employment as of BLS May 2024.

Source: BLS Employment Projections 2024–2034 and Occupational Employment and Wage Statistics May 2024.

Where the Jobs Are

The five states below employ the most Budget Analysts professionals nationwide. State-level wages can differ significantly from the $91,640 national median. Research your specific market before committing to a program.

# State Jobs Median Wage vs. National
1 Texas 3,840 $79,450 -13.3%
2 California 3,700 $103,900 +13.4%
3 Florida 3,450 $79,880 -12.8%
4 Virginia 2,940 $108,740 +18.7%
5 Maryland 2,870 $101,420 +10.7%

Source: BLS Occupational Employment and Wage Statistics, May 2024. Employment figures rounded. Read our methodology →

How to Get Here

Most Budget Analysts positions require a bachelor's degree to qualify. The 2 programs below are the most common academic pathways into this field, ranked by how many graduates they produce each year.

Bachelor's degree
Zone 4: Considerable Preparation

These positions typically require a bachelor's degree and several years of related experience before advancing into senior roles.


Degree Programs That Lead Here

# Program Graduates/yr 4yr Median Colleges
1 Accounting 84,760 $76,194 2,112
2 Finance 58,013 $83,343 949

Top Colleges for Aspiring Budget Analysts

Colleges offering the degree programs that lead to this career, ranked by UCD Score. A strong program plus solid outcomes is a good place to begin your search.

# College UCD Score Net Price Salary 10yr
1 CUNY Bernard M Baruch College New York, NY 93 $3,033 $75,971
2 University of Florida Gainesville, FL 93 $6,541 $71,588
3 North Florida College Madison, FL 91 $804 $33,929
4 University of Chicago Chicago, IL 91 $14,860 $91,885
5 Vanderbilt University Nashville, TN 90 $15,846 $91,565
6 University of North Carolina at Chapel Hill Chapel Hill, NC 90 $11,655 $72,200

Plan Your Path

Once you've sized up Budget Analysts, these tools turn the numbers into a plan. Estimate the real cost of a degree that leads here, weigh the long-term payoff, compare specific colleges side-by-side, and find programs that match your profile.

Budget Analysts Pros & Cons

The data on Budget Analysts shows 2 measurable strengths and 2 real trade-offs. All points are drawn from BLS wage data, employment projections, and IPEDS program completions.

PROS
  • Very high median salary The national median of $91,640 places this career well above average for college graduates, with significant upside at the 75th percentile.
  • High earning ceiling Top earners (75th percentile) reach $114,220 annually. Strong performers, specialists, and those in high-cost markets have significant upside beyond the median.
CONS
  • Slow job growth At +1.0% projected growth, this career lags the national average. Limited expansion means stiffer competition for openings that do appear.
  • Multi-year ramp before career-level pay This is a Job Zone 4 occupation, these positions typically require a bachelor's degree and several years of related experience before advancing into senior roles. Most workers in this field spend their first several years at entry-level pay well below the $91,640 median while building the experience employers require.

Budget Analysts Frequently Asked Questions

How much do Budget Analysts professionals earn?
The national median annual wage for Budget Analysts is $91,640, above the national median for full-time workers. The middle 50% of earners fall between $75,320 and $114,220. Pay varies by employer size, industry sector, specialization, and geography. National figures are a starting point, not a guarantee.
Is Budget Analysts a good career?
For people genuinely interested in the work, yes. At $91,640 median, though slow job growth means most openings come from workers leaving the field rather than new positions being created. Compare program net price against local salary outcomes (not just the national median) before committing.
How long does it take to become a Budget Analysts?
Expect 4 years of undergraduate education followed by 2 or more years of field experience before most employers consider you qualified for career-level positions. A bachelor's degree is the typical minimum credential. Degree programs like Accounting are typical entry paths. Early-career pay during this ramp-up period will be meaningfully below the $91,640 national median. Factor that gap into any program ROI calculation.
What is the job outlook for Budget Analysts?
The BLS projects +1.0% employment change for Budget Analysts through 2034, slower than average compared to all occupations. About 3,100 job openings per year are projected, including new positions and replacements for workers who retire or change careers. 47K people currently work in this occupation nationwide (BLS May 2024).
What skills do Budget Analysts professionals need?
O*NET data identifies the core skills employers consistently prioritize for Budget Analysts roles: Mathematics, Critical Thinking, Speaking, Complex Problem Solving, and Judgment and Decision Making. These develop through formal education and hands-on work. Programs with internship or co-op requirements give you a meaningful head start on the ones that take time to build.

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