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Overview_a
PipelineNC Career Profile for

Budget Analysts

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Overview_b
Career Description
Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.


Overview_c
NC Salary
$40,720
$62,860
$90,140



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What It Takes
Required Level of Education - Bachelor's Degree
Related Work Experience - Over 2 years, up to and including 4 years
On-Site or In-Plant Training - None
On-the-Job Training - Over 6 months, up to and including 1 year


Overview_e
Did You Know?
  • Good job opportunities are expected.
  • A bachelor’s degree generally is the minimum educational requirement, but many employers prefer or require a master’s degree.
  • About 44 percent of all budget analysts work in Federal, State, and local governments.
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Sample Tasks

  • Direct the preparation of regular and special budget reports.
  • Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
  • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  • Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
  • Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
  • Review operating budgets to analyze trends affecting budget needs.
  • Consult with managers to ensure that budget adjustments are made in accordance with program changes.
  • Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
  • Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
  • Interpret budget directives and establish policies for carrying out directives.

Knowledge

Economics and Accounting
Importance: StarStarStarStar
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

English Language
Importance: StarStarStar
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Mathematics
Importance: StarStarStar
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Administration and Management
Importance: StarStar
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.

Computers and Electronics
Importance: StarStar
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Abilities

Written Comprehension
Importance: StarStarStar
The ability to read and understand information and ideas presented in writing.

Mathematical Reasoning
Importance: StarStarStar
The ability to choose the right mathematical methods or formulas to solve a problem.

Number Facility
Importance: StarStarStar
The ability to add, subtract, multiply, or divide quickly and correctly.

Oral Comprehension
Importance: StarStarStar
The ability to listen to and understand information and ideas presented through spoken words and sentences.

Oral Expression
Importance: StarStarStar
The ability to communicate information and ideas in speaking so others will understand.

Work Styles

Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
Integrity - Job requires being honest and ethical.
Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
Initiative - Job requires a willingness to take on responsibilities and challenges.
Persistence - Job requires persistence in the face of obstacles.
Independence - Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.

ASSESS YOUR JOB SKILLS FOR THIS CAREER PATH

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Listed below are the skills that are necessary for this career path. To select which skills you have, log in.

Skill Category: Interacting With Computers

Importance: StarStarStarStarStar





Skill Category: Getting Information

Importance: StarStarStarStar

Skill Category: Analyzing Data or Information

Importance: StarStarStarStar





Skill Category: Processing Information

Importance: StarStarStar



Skill Category: Communicating with Supervisors, Peers, or Subordinates

Importance: StarStarStar



National Data Source: Bureau of Labor Statistics, Office of Occupational Statistics and Employment Projections
State Data Source: The Employment Security Commission of North Carolina