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Are you looking for a career with stable growth, great earning power, and that you can do in a variety of businesses? Then a career as a budget analyst might be right for you!
Budget analysts use skills such as:
accounting
analysis
math
knowledge of economics
technology
They review budgets, make recommendations, and decide whether fund requests will be approved. They work behind the scenes, but are crucial to many companies.
What businesses and industries hire budget analysts?
Did you know?
You could even work for NASA! Astronauts need budgets, too.
What do budget analysts do?
Budget analysts work in an office environment and advise organizations on how to spend (or not spend) their money.
develop budgets
review budget requests and approve or deny
explain funding requests to others (coworkers and the public)
estimate financial needs
advise organizations
use financial analysis software
create budget reports
Quiz
Which of the following might you need to learn if you want to become a budget analyst? Select all that apply:
Budget analysts use financial analysis software and create financial reports. They don't manage mutual funds or complete IT work.
What is a typical day like?
You'll be working indoors, using a lot of technology:
accounting software
financial analysis programs
presentation software, like PowerPoint
spreadsheets, like Excel
documents & reports
You need to be prepared to handle strict deadlines. You'll have meetings and maybe occasional travel. You'll do a lot of data collecting and problem solving. You need to be comfortable working with other people and presenting to groups.
How do I know if I'd make a good budget analyst?
You'll want to have strong skills in math and accounting.
You'll also need to be a good communicator.
You would enjoy this work if you like data and working with computers.
This career fits well for people who have interests in conventional, enterprising, and investigative careers. Not sure if these are for you? Take the O*Net Interest Profiler to find out!
Take Action
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If this career sounds like a good fit for you, you can take these next steps:
This Byte has been authored by
Emily Pack
Educator
MA