Budget Analysts

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About the Job

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

It is also Called

  • Staff Analyst
  • Program Analyst
  • Policy Analyst
  • Management and Budget Analyst
  • Fiscal Officer
  • Fiscal Agent
  • Financial Services Officer
  • Cost Analyst
  • Cost Accountant
  • Budget Officer
View All

What They Do

  • Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.
  • Seek new ways to improve efficiency and increase profits.
  • Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
  • Consult with managers to ensure that budget adjustments are made in accordance with program changes.
  • Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.
  • Interpret budget directives and establish policies for carrying out directives.
  • 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.
  • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  • Direct the preparation of regular and special budget reports.

Interests

People who work in this occupation generally have the interest code: CEI.

This means people who work in this occupation generally have Conventional interests, but also prefer Enterprising and Investigative environments.

Work Values

People who work in this occupation generally prize Working Conditions, but also value Support and Independence in their jobs.

Things They Need to Know

  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.

Things They Need to Be Able to Do

  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Mathematics - Using mathematics to solve problems.
  • Speaking - Talking to others to convey information effectively.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Education Required

Most of these occupations require a four-year bachelor's degree, but some do not.

Wages

In 2016, the average annual wage in Pennsylvania was $71,910 with most people making between $48,970 and $101,620

Outlook

0.49%
avg. annual growth

During 2014, this occupation employed approximately 2,250 people in Pennsylvania. It is projected that there will be 2,360 employed in 2024.

This occupation will have about 11 openings due to growth and about 59 replacement openings for approximately 70 total annual openings.



Pennsylvania Department of Education