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How much does a Budget Analyst make?

The average salary for a Budget Analyst is $86,598 per year in the US.

A Budget Analyst plays a crucial role in managing finances for organizations. They ensure that budgets are created and followed properly. This job involves working with numbers and analyzing financial data. Budget Analysts often work in government, healthcare, education, and business sectors.

Budget Analysts typically earn a competitive salary. The average yearly salary for this role is around $86,598. Most Budget Analysts make between $47,320 and $154,759 per year. These figures can vary based on experience, location, and the specific industry. A detailed breakdown of the salary distribution shows that many professionals fall within the middle range of this salary spectrum.

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What are the highest paying cities for a Budget Analyst?

Budget Analysts can earn top dollars in several cities. Washington, DC, offers an average salary of $114,140, making it a prime choice. San Francisco, CA, and Huntsville, AL, follow closely behind, with average salaries exceeding $110,000. Other high-paying cities include Colorado Springs, CO, and Sacramento, CA. These cities provide strong opportunities for professionals in this field. Seattle, WA, and Boulder, CO, also feature competitive salaries, around $100,000.
Graph displaying highest paying cities salaries for Budget Analyst jobs, highlighting Washington, DC with the highest at $114,140 and San Diego, CA with the lowest at $93,438.
  1. Washington, DC
    Average Salary: $114,140
    In Washington, DC, you will find a thriving environment for financial experts. Many federal agencies and large consulting firms seek professionals to manage budget allocations. Companies such as the Department of Defense and Deloitte offer exciting opportunities.
    Find Budget Analyst jobs in Washington, DC


  2. San Francisco, CA
    Average Salary: $111,146
    San Francisco presents a dynamic market for those in financial management. Tech giants like Apple and Google, as well as financial institutions such as JPMorgan Chase, look for skilled budget analysts to help navigate their complex financial landscapes.
    Find Budget Analyst jobs in San Francisco, CA


  3. Huntsville, AL
    Average Salary: $110,101
    Huntsville offers a unique blend of opportunities in defense and aerospace. Companies like NASA and Boeing provide stable environments where your financial skills can thrive. These organizations value expertise in budget management for their extensive projects.
    Find Budget Analyst jobs in Huntsville, AL


  4. Colorado Springs, CO
    Average Salary: $102,895
    Colorado Springs is known for its strong defense sector. Working in budget analysis here means partnering with major companies like Lockheed Martin and Northrop Grumman, where you can make a significant impact on financial strategy.
    Find Budget Analyst jobs in Colorado Springs, CO


  5. Sacramento, CA
    Average Salary: $102,710
    Sacramento offers a mix of state government roles and private sector jobs. Agencies such as the State of California and companies like IBM seek professionals to manage their budgets efficiently. It's a place where your financial skills can make a real difference.
    Find Budget Analyst jobs in Sacramento, CA


  6. Seattle, WA
    Average Salary: $100,472
    Seattle's tech industry presents diverse opportunities for budget analysts. Companies such as Microsoft and Amazon require experts to handle their budgets. The city’s vibrant economy offers a chance to work with some of the world's leading firms.
    Find Budget Analyst jobs in Seattle, WA


  7. Boulder, CO
    Average Salary: $98,975
    Boulder provides a mix of nonprofit and government opportunities. Organizations like the University of Colorado Boulder and Boulder Community Health seek professionals to manage their financial resources. It’s an ideal place for those who want to balance work with a great quality of life.
    Find Budget Analyst jobs in Boulder, CO


  8. Springfield, IL
    Average Salary: $94,201
    Springfield offers a mix of state government and private sector jobs. Companies such as State Farm and local government agencies value your expertise in budget management. It’s a stable environment with plenty of opportunities for career growth.
    Find Budget Analyst jobs in Springfield, IL


  9. Portland, OR
    Average Salary: $94,171
    Portland offers a unique blend of technology and sustainable business practices. Companies like Nike and Intel seek budget analysts to manage their financial plans. The city’s progressive atmosphere provides a great backdrop for a rewarding career.
    Find Budget Analyst jobs in Portland, OR


  10. San Diego, CA
    Average Salary: $93,438
    San Diego’s strong defense and biotech sectors create ample opportunities for budget analysts. Companies such as General Dynamics and Illumina offer roles where your financial expertise can be pivotal. The city’s mild climate also adds to the appeal.
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What are the best companies a Budget Analyst can work for?

Markon offers the highest average salary for Budget Analysts at $172,524. Next up, Koniag Government Services provides a competitive average salary of $138,333. Leidos follows closely with an average salary of $133,716. These companies present excellent opportunities for those seeking rewarding careers in budget analysis. Salaries at CACI International Inc, Office of the Chief Information Officer, and HELP USA also provide attractive packages, making them top choices.
Graph displaying best paying company salaries for Budget Analyst jobs, highlighting Markon with the highest at $172,524 and New York City Department of Transportation with the lowest at $92,845.
  1. Markon
    Average Salary: $172,524
    Markon provides budgeting and financial management services across the federal sector. They work with various agencies in locations like Washington D.C., and California.


  2. Koniag Government Services
    Average Salary: $138,333
    Koniag Government Services offers financial management, including budget analysis, to government agencies. They operate in key areas like Alaska and Virginia.


  3. Leidos
    Average Salary: $133,716
    Leidos is a major player in the defense and health sectors. They provide budget analysis for their operations in cities like Reston, VA, and Washington D.C.


  4. CACI International Inc
    Average Salary: $121,587
    CACI International Inc is a leading provider of IT and management consulting. Budget analysts work in multiple locations including Arlington, VA, and Colorado Springs, CO.


  5. Office of the Chief Information Officer
    Average Salary: $108,333
    The Office of the Chief Information Officer focuses on information technology management. Budget analysts operate from their location in Washington D.C.


  6. HELP USA
    Average Salary: $102,083
    HELP USA offers services in areas like health and human services. They provide budget analysis in locations such as Washington D.C. and California.


  7. Northrop Grumman
    Average Salary: $94,318
    Northrop Grumman operates in defense and aerospace. Budget analysts work in key areas like Falls Church, VA, and California.


  8. State of Colorado
    Average Salary: $94,223
    The State of Colorado offers a wide range of services including budget management. They have locations across Colorado, including Denver.


  9. Federal Bureau of Prisons
    Average Salary: $93,623
    The Federal Bureau of Prisons provides budget analysis for federal correctional facilities. They operate in various states across the United States.


  10. New York City Department of Transportation
    Average Salary: $92,845
    The NYC Department of Transportation manages budget for public transit systems. They operate in New York City, New York.

How to earn more as a Budget Analyst?

A budget analyst plays a crucial role in managing financial resources for organizations. Increasing earnings in this role often depends on certain key factors. These factors help create a strong foundation for salary growth and career advancement. Understanding and focusing on these areas can make a significant difference.

Here are some key factors that can help a budget analyst earn more:

  1. Gaining Experience: More experience leads to higher earnings. Working in the field for several years allows analysts to understand complex financial systems better. Experience also means taking on more significant projects and responsibilities.
  2. Advanced Education: A master’s degree or specialized certifications can open doors to higher-paying positions. Programs in finance, accounting, or business administration can enhance skills and knowledge. These qualifications also show dedication and expertise.
  3. Professional Certifications: Certifications like Certified Budget Professional (CBP) or Certified Public Accountant (CPA) can boost credibility. These credentials show a deeper understanding of budgeting processes and financial management.
  4. Specializing in Key Areas: Analysts who specialize in high-demand areas like healthcare or government budgeting can earn more. These sectors often require specific skills and knowledge. Specializing can make an analyst more valuable to employers.
  5. Network Building: Strong professional relationships can lead to better job opportunities. Attending industry conferences, joining professional groups, and connecting with peers can open doors to higher-paying jobs. Networking helps analysts stay informed about industry trends and new job openings.

Currently 262 Budget Analyst job openings, nationwide.

How's the job market for a Budget Analyst in the US?

Learn what a Budget Analyst does, how to become one, and understand the job outlook. Get simple steps to start your career as a Budget Analyst today.
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Budget Analyst
262 Job Openings