Budget Analyst

Budget Analyst
AttachmentSize
Download PDF flyer for this career1.31 MB

Budget analysts develop, analyze, and execute budgets, which are used to allocate current resources and estimate future financial needs. They examine budget estimates and proposals for completeness; accuracy; and conformance with established procedures, regulations, and organizational objectives. Sometimes they employ cost-benefit analyses to review financial requests, assess program tradeoffs, and explore alternative funding methods.

Low-end Salary: 
$45,360/yr
Median Salary: 
$57,420/yr
High-end Salary: 
$102,280/yr
Education: 

Private firms and government agencies generally require budget analysts to have at least a bachelor’s degree, but many prefer or require a master’s degree. Within the Federal Government, a bachelor’s degree in any field is sufficient for an entry-level budget analyst position, but master’s degrees are preferred.

Math Required: 

College Algebra Trigonometry Geometry Calculus I, II, III Linear Algebra Theory of Analysis Statistics

When Math Is Used: 

Budget analysts require the mathematical problem-solving skills necessary in order to develop, analyze, and execute budgets for various sizes of companies. They must be good and comfortable with numbers as they allocate current resources and estimate future financial needs.

Potential Employers: 

Federal, State, and local governments are major employers, accounting for 44 percent of budget analyst jobs. Many other budget analysts worked in manufacturing; financial services; management services; professional, scientific, and technical services; and schools.

Facts: 

As of 2009, budget analysts have been assisting the States in cutting back on their budgets. An article in the Wall Street Journal said, “State budgets look bad now, but they are set to get worse . . .tax collections aren't likely to be enough to take their place—even if the economy is recovering. The drop in tax revenue is set to be deeper and last longer.”

Contribute!

Know of a math-related career or how one uses math? Submit a career entry to the site!

You must be signed in. Don't have an account? Register here!

Salary figures from
the current US Bureau of Labor of Statistics website and represent the
90th percentile.

The most common question students ask math teachers at every level is “When will I use math?” WeUseMath.org is a non-profit website that helps to answer this question. This website describes the importance of mathematics and many rewarding career opportunities available to students who study mathematics.


 

Cryptanalyst
$137,780/yr
$126,000/yr
Actuary
$160,000/yr
Attorney
$187,199/yr
Physician
$187,199/yr
$102,280/yr
Climatologist
$132,130/yr
Biologist
$97,070/yr
$113,068/yr

Figures represent salary potential.

20
May

Dr. Cary Oberije, a postdoctoral researcher in The Netherlands, has found that mathematical models can be used to accurately predict patients' responses to treatment. Prediction models were used to analyze lung cancer patients' likelihood of survival and...

read more