The pay rate for a budget analyst depends on skill, years of experience, education, type of employment and of course geographic location. In 2002, the median annual salary for budget analysts was approximately $52,480 in United States. The low end of this scale earned around $34,580 and the high end earned around $82,720 yearly. Starting salaries for budget analysts can range from about $29,750 to $41,250 each year.
Budget analysts usually receive the basic benefit packages that include vacations, sick leave, retirement plans life and health insurance and pension plans.
Employment of budget analysts is anticipated to grow as fast as the average for all other positions during the next ten years. This growth is attributed to the continuing need for secure analysis in public and private sections of business firms and government organizations. The increasing use of computer applications in budget analysis boosts productivity by allowing these analysts to process more data in less time. Additionally, while business firms and government organizations become more complex, budget planning will require greater attention and the demand for budget analysts will expand.
