Budget analysts

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Total Workforce

47.3k

Average Age

43.6

Estimated Job Growth

6.51%

10-year projection

Average Salary

$82,546

Average Male Salary

$88,929

Average Female Salary

$78,635

About

Budget analysts are most often employed by the National security & international affairs industry. The average yearly wage for Budget analysts was $82,546 in 2016. The top 3 most similar occupations to Budget analysts by wage are Industrial engineers, including health & safety, Environmental engineers, and Operations research analysts.

Budget analysts are part of the Business & financial operations occupations, along with Agents & business managers of artists, performers, & athletes, Buyers & purchasing agents, farm products, Wholesale & retail buyers, except farm products, Purchasing agents, except wholesale, retail, & farm products, Claims adjusters, appraisers, examiners, & investigators, Compliance officers, Cost estimators, Human resources workers, Logisticians, Management analysts, Meeting, convention, & event planners, Fundraisers, Compensation, benefits, & job analysis specialists, Training & development specialists, Market research analysts & marketing specialists, Business operations specialists, all other, Accountants & auditors, Appraisers & assessors of real estate, Budget analysts, Credit analysts, Financial analysts, Personal financial advisors, Insurance underwriters, Financial examiners, Credit counselors & loan officers, Tax examiners & collectors, & revenue agents, Tax preparers, and Other financial specialists

The top 3 locations that employ the most Budget analysts are George Washington Regional Commission (North) PUMA, VA. The top 3 locations with a relatively high concentration of Budget analysts are George Washington Regional Commission (North) PUMA, VA.

Employment

Information on the businesses and industries that employ Budget analysts and on wages and locations for those in the field. National security & international affairs is the industry that employs the most Budget analysts, both by share and by number, though the highest paid industry for Budget analysts, by average wage, is Pharmaceutical & medicine manufacturing. Budget analysts are paid most in Bowie City, Kettering, Largo, Mitchellville & Lanham PUMA, MD but are relatively concentrated in George Washington Regional Commission (North) PUMA, VA.

Wages

Yearly Wage

$82,546

AVERAGE SALARY

± $4,833

In 2017, Budget analysts earned an average of $82,546, $30,481 more than than the average national salary of $52,065.

Operations research analysts make somewhat more than Budget analysts while Industrial engineers, including health & safety make somewhat less. This chart shows the various occupations closest to Budget analysts as measured by average annual salary in the US.

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Wage Distribution

0.256

WAGE GINI

In 2017, Budget analysts had a wage GINI coefficient of 0.256, which is lower than than the national average of 0.479. In other words, wages are distributed more evenly for Budget analysts (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Budget analysts.

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Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Budget analysts.

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Industries

Most Common

The most common industries employing Budget analysts, by number of employees, are National security & international affairs, Public finance activities, and Executive offices & legislative bodies.

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Industries by Share

47.3k

2017 Workforce

± 5,340

0.278%

1 YEAR GROWTH

± 15.9%

The number of people employed as Budget analysts has been growing at a rate of 0.278%, from 47,190 people in 2016 to 47,321 people in 2017.

This graphic shows the share of Budget analysts employed by various industries. National security & international affairs employs the largest share of Budget analysts at  15%, followed by Public finance activities with 8.28% and Executive offices & legislative bodies with 6.78%.

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Diversity

Demographic information on Budget analysts in the US. The average age of male Budget analysts in the workforce is 43.9 and of female Budget analysts is 43.5, and the most common race/ethnicity for Budget analysts is White.

Gender Composition

18k

MALE WORKFORCE

± 3,292

29.3k

FEMALE WORKFORCE

± 4,205

62% of Budget analysts are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Budget analysts.

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Race & Ethnicity

Most Common Race or Ethnicity of Budget analysts

  1. White

  2. Black

  3. Asian

73.5% of Budget analysts are White, making that the most common race or ethnicity in the occupation. Representing 15% of Budget analysts, Black is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Budget analysts.

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Age by Gender

43.9

AVERAGE MALE AGE

± 2.25

43.5

AVERAGE FEMALE AGE

± 1.61

The median age of Budget analysts is 43.6, and Male employees are generally 0.384 years older than than their Female counterparts.

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Education

Data on higher education choices for Budget analysts from The Department of Education and Census Bureau. The most common major for Budget analysts is Business but a relatively high number of Budget analysts hold a major in Math & Statistics.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

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Skills

Data on the critical and distinctive skills necessary for Budget analysts from the Bureau of Labor Statistics. Budget analysts need many skills, but most especially Active Listening, Reading Comprehension, and Critical Thinking. The revealed comparative advantage (RCA) shows that Budget analysts need more than the average amount of Management of Financial Resources, Operations Analysis, and Mathematics.

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Growth Projections

Projections on wages and job growth for Budget analysts from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Budget analysts are expected to see a growth of 6.51% over the same period. This occupation is expected to grow slower than the national average.

Job Growth

6.51%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Budget analysts. This profession is expected to grow lower than 7.4%, the average rate of national job growth.

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