Business Financial Analyst Budget

Budget analysts help an organization reach financial goals maintain profitability and pursue long term growth.

Business financial analyst budget. The budgeting process for most large companies usually begins four to six months before the start of the financial year while some may take an entire fiscal year fiscal year fy a fiscal year fy is a 12 month or 52 week period of time used by governments and businesses for accounting purposes to formulate annual financial reports. Budget analysts typically hold at least a bachelor s degree in accounting business economics or a related field. The job responsibilities of a budget analyst include monitoring spending preparing budget reports and analyzing data.

1 those in professional scientific or technical services stand to earn even more with their average being 81 550. Budget analysts and financial analysts are financial professionals who most often work in the business offices of different industries. Apply to financial analyst business analyst budget analyst and more.

The median annual wage for budget analysts was 76 540 in may 2019. Budget analysts are crucial for maintaining profitability reaching financial goals and attaining long term growth. Budget analysts look at expense histories and volume projections to assess whether current performance conforms with a company s established budget.

The median annual salary for a budget analyst in 2016 was 73 840 according to the bls. These individuals prepare budgets and develop projections based on past economic and spending trends. Budget analysts help organizations make sound financial decisions by monitoring and reporting on budgets cash flow activities and expenditures.

The top ten percent of earners with this job title as a whole topped out at more than 111 460. These careers involve working with numbers spreadsheets tables and projections and professionals in both aspire to create accurate analyses of a business industry or investment. State area data.

They are also a central cast member in the ensemble responsible for setting new annual budgets and developing long term budget forecasts. This role combines strategic thinking with day to day financial management and accounting tasks. The demand for budget analysts should continue because of their role in managing how an organization s funds are allocated.