Budget analysts

Detailed Occupation

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2020 Workforce
51.1k
Average Age
45.1
Estimated Job Growth
3.43%
10-year projection
Average Salary
$85,672
Average Male Salary
$95,641
Average Female Salary
$79,381

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 Navigational, measuring, electromedical, & control instruments manufacturing. Budget analysts are paid most in Santa Rosa County PUMA, FL but are relatively concentrated in Bowie City, Kettering, Largo, Mitchellville & Lanham PUMA, MD.

Wages

Yearly Wage

$85,672
AVERAGE SALARY
± $4,935

In 2020, Budget analysts earned an average of $85,672, $29,718 more than than the average national salary of $55,954.

Sales representatives, wholesale & manufacturing make somewhat more than Budget analysts while Locomotive engineers & operators 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

0.263
WAGE GINI

In 2015, Budget analysts had a wage GINI coefficient of 0.263, which is lower than than the national average of 0.478. 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

Highest Paying

The highest paying industries for Budget analysts, by average wage, are Navigational, measuring, electromedical, & control instruments manufacturing, Offices of physicians, and U. S. Navy.

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Industries by Share

51.1k
2020 Workforce
± 5,551
4.05%
1 YEAR GROWTH
± 14.9%

The number of people employed as Budget analysts has been growing at a rate of 4.05%, from 49,144 people in 2019 to 51,134 people in 2020.

This graphic shows the share of Budget analysts employed by various industries. National security & international affairs employs the largest share of Budget analysts at  13.9%, followed by Colleges, universities & professional schools, including junior colleges with 7.41% and Executive offices & legislative bodies with 7.14%.

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Diversity

Demographic information on Budget analysts in the US. The average age of male Budget analysts in the workforce is 44.2 and of female Budget analysts is 45.6, and the most common race/ethnicity for Budget analysts is White (Non-Hispanic).

Composition by Sex

19.8k
MALE WORKFORCE
± 3,453
31.4k
FEMALE WORKFORCE
± 4,347

61.3% of Budget analysts are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Budget analysts.

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Race & Ethnicity

Most Common Race or Ethnicity of Budget analysts
  1. White (Non-Hispanic)
  2. Black (Non-Hispanic)
  3. Asian (Non-Hispanic)

62.9% of Budget analysts are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 16.6% of Budget analysts, Black (Non-Hispanic) 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 Sex

44.2
AVERAGE MALE AGE
± 2.22
45.6
AVERAGE FEMALE AGE
± 1.65

The median age of Budget analysts is 45.1, and Male employees are generally 1.35 years younger 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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Bar Chart

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Projections

Projections on job growth for Budget Analysts from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Budget Analysts are expected to see a growth of 3.43% over the same period. This occupation is expected to grow less than the national average.

Job Growth

3.43%
Estimated Job Growth
10-year Projection
3.71%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Budget Analysts. This profession is expected to grow less than than 3.71%, the average rate of national job growth.

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