The Office of Career Services
Library Building, Room 429 & 430
222-05 56th Avenue
Bayside, NY 11364
Phone: (718) 631-6297
|Overview:||Budget analysts allocate monies within an organization based on funding requests by different departments and spending priorities authorized by the organization's executives. They analyze past accounting records to determine accuracy of budget requests and make recommendations. Almost half of all budget analysts work in Federal, State, and local governments.|
|Duties:||Budget analysts analyze the requests for spending monies by different departments in an organization to determine the validity of their requests. Budget analysts figure out how money has been spent in the past and how it should be spent in the future.
They begin this process by collecting information. They look at what programs have cost in the past and what services have been provided. They study accounting records and past budgets in order to determine how much money will be needed to run a program.
They monitor each department's spending patterns and advise them when they are exceeding their approved limits for the month or the quarter. They create a budget based on those findings. Budget analysts combine budgets for many specific programs into a general overall budget.
They go over the proposed financial plan with top management and help make budget-related choices. They sometimes recommend which programs should be funded and which should not.
Budget analysts may be called on to testify before groups or individuals to explain or support proposed budgets. They may help coworkers determine costs and budget their program spending. Throughout the year, they check reports and accounts to look for trends that might affect future budget needs. They write or direct the writing of budgetary reports.
Some budget analysts are required to draft budget-related legislation. Some conduct training sessions for coworkers on new budget procedures. Others are asked to prepare reports that measure how well an organization is doing its job.
A.A.S. Management: Marketing Concentration
A.S. Business Administration (Accounting and Marketing)
|Job Outlook:||Employment of budget analysts is expected to grow faster than average through 2018. Growth is spurred by the need for greater attention to budget planning and financial control and for the need to replace workers who are retiring.|
|Salary Range (National Average):||$37,000 to $47,000|
|Education Level:||Typically, a Bachelor’s Degree from a 4-year college (some are 5 years) is required to be considered for this occupation.|
|Additional Training/Education:||Most private firms and government agencies require applicants to have a two or four year college degree in accounting and a course concentration in finance, business, economics, public administration and statistics. Computer skills should include spreadsheets, data base and graphics. A master's degree in business administration (MBA) will facilitate advancement. Employers look for people who are able to work under strict time constraints. Employers prefer workers with strong writing and speaking skills.|
|Advancement Info:||Analysts who are just starting out can be promoted to intermediate-level jobs. They need one or two years of experience in order to be promoted. They can become senior-level analysts in a few more years. Senior budget analysts often advance to management jobs.|
Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services to fully understand the opportunities available through study in their degree program.