Budget analysts

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2019 Workforce

52.8k

Average Age

46.1

Estimated Job Growth

3.43%

10-year projection

Average Salary

$88,268

Average Male Salary

$100,717

Average Female Salary

$80,222

About

Budget analysts are most often employed by the National security & international affairs industry. The average yearly wage for Budget analysts was $88,268 in 2016. The top 3 most similar occupations to Budget analysts by wage are Construction managers, Computer programmers, and Public relations and fundraising managers.

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, and 24 more.

The top 3 locations that employ the most Budget analysts are Huntsville City (Far West & Southwest) PUMA, AL, Arlington County (South) PUMA, VA, and Bowie City, Kettering, Largo, Mitchellville & Lanham PUMA, MD. The top 3 locations with a relatively high concentration of Budget analysts are Arlington County (South) PUMA, VA, Huntsville City (Far West & Southwest) PUMA, AL, and District of Columbia (Northeast) PUMA, DC.

Photo by Ken Teegardin

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

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 General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals. Budget analysts are paid most in Bowie City, Kettering, Largo, Mitchellville & Lanham PUMA, MD but are relatively concentrated in Arlington County (South) PUMA, VA.

Wages

Yearly Wage

$88,268

AVERAGE SALARY

± $5,831

In 2019, Budget analysts earned an average of $88,268, $32,744 more than than the average national salary of $55,524.

Construction managers make somewhat more than Budget analysts while Public relations and fundraising managers make somewhat less. This chart shows the various occupations closest to Budget analysts as measured by average annual salary in the US.

Wage Distribution

0.21

WAGE GINI

In 2016, Budget analysts had a wage GINI coefficient of 0.21, 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).

Wage by Location

HIGHEST PAYING PUMAS

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

Spatial Concentration

PUMAs with a Relatively High Concentration of Budget analysts

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

Industries

Most Common

The most common industries employing Budget analysts, by number of employees, are National security & international affairs, Public finance activities, Colleges, universities & professional schools, including junior colleges, Executive offices & legislative bodies, Administration of human resource programs, General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, Administration of economic programs & space research, Justice, public order, & safety activities , Elementary & secondary schools, Construction, and Management, scientific & technical consulting services.

Highest Paying

The highest paying industries for Budget analysts, by average wage, are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, Aircraft & parts manufacturing, and Administration of human resource programs.

Industries by Share

52.8k

2019 Workforce

± 5,642

2.77%

1 YEAR GROWTH

± 14.8%

The number of people employed as Budget analysts has been growing at a rate of 2.77%, from 51,406 people in 2018 to 52,828 people in 2019.

This graphic shows the share of Budget analysts employed by various industries. National security & international affairs employs the largest share of Budget analysts at 14.3%, followed by Public finance activities with 6.34% and Colleges, universities & professional schools, including junior colleges with 6.03%.

Diversity

Demographic information on Budget analysts in the US. The average age of male Budget analysts in the workforce is 45.1 and of female Budget analysts is 46.8, and the most common race/ethnicity for Budget analysts is White (Non-Hispanic).

Composition by Sex

20.7k

MALE WORKFORCE

± 3,535

32.1k

FEMALE WORKFORCE

± 4,398

60.7% of Budget analysts are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Budget analysts.

Race & Ethnicity

Most Common Race or Ethnicity of Budget analysts

White (Non-Hispanic)
Black (Non-Hispanic)
Asian (Non-Hispanic)

65.6% of Budget analysts are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 14.8% 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.

Age by Sex

45.1

AVERAGE MALE AGE

± 2.01

46.8

AVERAGE FEMALE AGE

± 1.69

The median age of Budget analysts is 46.1, and Male employees are generally 1.65 years younger than than their Female counterparts.

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.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

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.

Radar Distribution

Bar Chart

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.