Occupation Summary

Budget Analysts

O*NET 13-2031.00

Description:

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

Annual Wages:
$83,879.00
Employment Rate:
Employment is expected to increase by 14.07%.
Education Level:
Bachelor's Degree. According to O*Net, the majority of people employed in this occupation have this level of education.
Endorsement:
Business and Industry, Science Technology Engineering and Math (STEM)

  1. Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
  2. Direct the preparation of regular and special budget reports.
  3. Consult with managers to ensure that budget adjustments are made in accordance with program changes.
  4. Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.
  5. Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  6. Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
  7. Seek new ways to improve efficiency and increase profits.
  8. Review operating budgets to analyze trends affecting budget needs.
  9. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
  10. Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
  11. Interpret budget directives and establish policies for carrying out directives.
  12. Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
  13. Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.


National Industry Employment Patterns


Industry % of Budget Analysts employed Annual Growth Rate
Colleges, universities, and professional schools 10.1 0.38
Computer systems design and related services 2.8 1.34
Elementary and secondary schools 2.5 0.00
Scientific research and development services 2.3 0.80
General medical and surgical hospitals 2.1 0.00


Labor Market Information


2024 Statewide average hourly wage $40.33
2024 National average hourly wage $45.15
2022 National employment 51,600
2022 Texas employment 4,173
Texas projected employment by 2032 4,760
Texas projected annual employment and Turnover openings through 2032 349




TEXAS COUNTY MAP BY WORKFORCE DEVELOPMENT AREA
* Due to confidentiality rules, not all regions may have the data displayed. The sum of all the regions may not be equal to the state total.


Top 10 Relevant Knowledge Areas Relevant Importance Levels
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
88.40%
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
80.60%
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
78.60%
Administration and Management
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.
74.80%
Administrative
Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
67.60%
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
67.20%
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
65.00%
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
58.40%
Education and Training
Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
52.40%
Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
44.80%


Top 10 Relevant Skill Areas Relevant Importance Levels
Mathematics
Using mathematics to solve problems.
77.60%
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
77.60%
Speaking
Talking to others to convey information effectively.
75.00%
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
75.00%
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
75.00%
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
75.00%
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
75.00%
Management of Financial Resources
Determining how money will be spent to get the work done, and accounting for these expenditures.
67.60%
Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
65.00%
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
62.40%


Top 10 Relevant Abilities Relevant Importance Levels
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
77.60%
Written Comprehension
The ability to read and understand information and ideas presented in writing.
77.60%
Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
77.60%
Mathematical Reasoning
The ability to choose the right mathematical methods or formulas to solve a problem.
77.60%
Number Facility
The ability to add, subtract, multiply, or divide quickly and correctly.
77.60%
Problem Sensitivity
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
75.00%
Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
75.00%
Information Ordering
The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
75.00%
Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
72.40%
Written Expression
The ability to communicate information and ideas in writing so others will understand.
72.40%


  • Working with Computers
    -- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Getting Information
    -- Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Processing Information
    -- Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Communicating with Supervisors, Peers, or Subordinates
    -- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Analyzing Data or Information
    -- Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Other Activities


  • Support
    - Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.
  • Working Conditions
    - Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.



Tools

Desktop computers: Desktop computers;

Laser printers: Laser printers;

Notebook computers: Notebook computers;

Personal computers: Personal computers;


Technology

Accounting software: Accounting software; Deltek Costpoint; Fund accounting software; Hyperion Enterprise;

Analytical or scientific software: Statistical software;

Business intelligence and data analysis software: IBM Cognos Business Intelligence;

Cloud-based data access and sharing software: Microsoft SharePoint;

Data base reporting software: SAP BusinessObjects Crystal Reports;

Data base user interface and query software: Structured query language SQL; Relational database software; Microsoft Access; Online analytical processing OLAP software;

Development environment software: Microsoft Visual Basic; Business Objects Data Integrator;

Electronic mail software: Email software; Microsoft Outlook;

Enterprise resource planning ERP software: Open Systems TRAVERSE; Oracle Hyperion; Oracle PeopleSoft Enterprise; Oracle PeopleSoft Financials; Microsoft Dynamics GP; Enterprise resource planning ERP software; Everest Software Advanced; Extensity MPC; Business performance management BPM software; Adaptive Planning; IBM Cognos Planning; Lilly Software Associates VISUAL Enterprise; Budgeting, forecasting, and planning software; FRx Software Microsoft Forecaster; Revelwood; Sage Active Planner; Sage ERP Accpac; Sage MAS 200 ERP; Sage MAS 90 ERP; SAP Business One; OutlookSoft; NetSuite NetERP;

Financial analysis software: Satori Group proCube; Budget monitoring systems; Financial reporting software; Microsoft FRx; Oracle Performance Management Suites; Oracle E-Business Suite Financials;

Graphics or photo imaging software: Graphics software;

Human resources software: Human resources management system HRMS; Ultimate Software UltiPro Workplace;

Object or component oriented development software: Microsoft Visual Basic.NET;

Office suite software: Microsoft Office software;

Presentation software: Microsoft PowerPoint; SAP Crystal Xcelsius; Presentation software;

Spreadsheet software: Spreadsheet software; Microsoft Excel;

Time accounting software: Valiant Vantage; Time and attendance software; Payroll software;

Word processing software: Word processing software; Microsoft Word;


Related O*NET occupational titles for Budget Analysts include:
  • 13-2011.00 Accountants and Auditors
  • 11-3111.00 Compensation and Benefits Managers
  • 13-1141.00 Compensation, Benefits, and Job Analysis Specialists
  • 13-2041.00 Credit Analysts
  • 13-2061.00 Financial Examiners
  • 11-3031.00 Financial Managers
  • 11-2033.00 Fundraising Managers
  • 13-2052.00 Personal Financial Advisors
  • 13-2081.00 Tax Examiners and Collectors, and Revenue Agents
  • 11-3031.01 Treasurers and Controllers


Sources of Additional Information
  • For information about the Government Financial Manager certification, visit: Association of Government Accountants
  • Budget Analysts

  • Contact Texas Workforce Commission
    Labor Market and Career Information  |  101 E. 15th Street, Annex Room 0252  |  Austin, Texas 78778
    Official Website  |  1-800-822-PLAN (7526)  |  512.936.3200

    ** The information in this report may be derived from many sources like O*NET, BLS (Bureau of Labor Statistics), OOH (Occupational Outlook Handbook), and Career One Stop.