Budget analysts

Detailed Occupation

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2023 Workforce

55.6k

Average Age

45.7

Estimated Job Growth

1.19%

10-year projection

Average Salary

$98,389

Average Male Salary

$109,171

Average Female Salary

$91,628

About

Budget analysts are most often employed by the uninformed industry. The average yearly wage for Budget analysts was $98,389 in 2023.

The locations that employ the most Budget analysts are East Prince George's County--Bowie City, Kettering & Largo PUMA, MD, Albany County (Outside Albany City) PUMA, NY, and Prince William County (East) PUMA, VA. The locations with a relatively high concentration of Budget analysts are East Prince George's County--Bowie City, Kettering & Largo PUMA, MD, Prince William County (East) PUMA, VA, and Limestone County PUMA, AL.

Photo by Ken Teegardin

Management, business, & financial occupations Management, business, science, & arts occupations Business & financial operations occupations

Employment and salary information for the Budget analysts workforce. Budget analysts workforce in 2023 was 55,624 people, of which 61.5% were women and 38.5% were men. Budget analysts are paid most in Fairfax County (Central)--Fairfax City & Burke PUMA, VA but are relatively concentrated in East Prince George's County--Bowie City, Kettering & Largo PUMA, MD.

Employment Over Time

Metric

Grouping

21,438

Male Workforce

± 3.59k

34,186

Female Workforce

± 4.54k

The Budget analysts workforce in 2023 was 55,624 people (61.5% women and 38.5% men). This implies an average annual growth of 17.4% between 2014 (47,375) and 2023 (55,624).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Budget analysts.

During 2023, the states that concentrated the best average annual wage were Utah ($189,831), Virginia ($123,274), and District of Columbia ($123,011).

Yearly Wage Ranking

$98,389

AVERAGE WAGE

#87 in the ranking (2023)

$67,727

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2023, Budget analysts earned an average of $98,389, $30,662 more than the average national salary of $67,727

The graph shows the ranking of Budget analysts in relation to all Detailed Occupation in 2023.

Wage Distribution

Gender

0.271

WAGE GINI

In 2023, Budget analysts had a wage GINI coefficient of 0.271, which is lower than the national average of 0.476. In other words, wages are distributed more evenly for Budget analysts (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Budget analysts compared to the entire workforce in the country.

Industry

Information on the industries that employ Budget analysts and on wages for those in the field. uninformed 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 Medical equipment & supplies manufacturing ($186,350).

Occupations by Industries

Metric

Value

55.6k

2023 Workforce

± 5,789

1.96%

1 YEAR GROWTH

± 14.5%

This graphic shows the share of Budget analysts employed by various industries. uninformed employs the largest share of Budget analysts at 44%, followed by Colleges, universities & professional schools, including junior colleges with 21.3% and Public finance activities with 17.8%.

Diversity

Demographic information on Budget analysts in the US. The workforce of Budget analysts in 2023 was 55,624 people, with 61.5% woman, and 38.5% men. The average age of male Budget analysts in the workforce is 44.4 and of female Budget analysts is 46.5, and the most common race/ethnicity for Budget analysts is White.

Gender and Age

Metric

The workforce of Budget analysts in 2023 was 55,624 people, with 61.5% woman, and 38.5% men.

The age ranges that concentrated the largest workforce were 35 to 39 years (7,854 people), 50 to 54 years (7,593 people), and 55 to 59 years (6,783 people). Among them they concentrated 40.1% of the total workforce.

Ethnicity

Gender

In 2023, 12% of Budget analysts workers were Hispanic and 88% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (53.7%), Puerto Rican (16.5)%, and All Other Spanish/Hispanic/Latino (7.74)%

You can review this information by gender using the selectors above.

Races

In 2023, 63.1% of the Budget analysts workforce were White, of which 57.1% were women and 42.9% men. Other races that concentrated a significant number of workers were Black (16.8%) and Asian (8.43%).

Education & Skills

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 the most specialized major according to RCA in 2023 were Business.

Among the necessary skills for Budget analysts, Mathematics stands, but the revealed comparative advantage (RCA) shows that Budget analysts need more than the average amount of Management of Financial Resources.

Majors

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

Type of Majors

Degree

The most common majors achieved by Budget analysts in 2023 (counting all academic degrees) were Business (20,672 people), Social Sciences (5,069 people), and Engineering (1,769 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Budget analysts workers were Bachelors Degree (24,910 people), Graduate Degree (17,697 people), and Some college (6,484 people).

The graphic shows the Budget analysts workforce by gender and educational level.

Skills

Chart

Value

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 Mathematics, Critical Thinking, Reading Comprehension.

Projections

Projections on job growth for Budget Analysts from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.07%, but Budget Analysts are expected to see a growth of 1.19% over the same period. This occupation is expected to grow less than the national average.

Job Growth

1.19%

Estimated Job Growth

10-year Projection

3.07%

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 3.07%, the average rate of national job growth.