Budget analysis is an indispensable part of most companies, and such professionals are needed in order to develop and implement budget plans which will allocate company and government resources correctly. Budget analysts can work in several of different industries that can be personal, nonprofit, or governmental.
When working for a private company, a analyst will usually analyze the businesses budget and try to find ways to cut down on costs and improve profitability. In a government place, these professionals will try to find the most effective methods to distribute tax dollars amongst state, local, and Federal communities.
Budget analysts have an increasing role in corporations because of restructuring and downsizing, and they’re increasingly important in order to do policy analysis and money saving legislation.
The working conditions for budget analysts are typically comfortable and demand a cubicle setting, with a mean of 40 hours worked each week. They might also be under a tight schedule so as to meet deadlines for budgeting growth projects.
It is typical for a budget supervisor to require a master’s degree in accounting or a related field like finance or business. In 2006, they held over 60,000 jobs in America, with public sector employment in Federal and local governments being the chief source of employment at 44%. Other regions which hire these employees include financial institutions, scientific businesses, manufacturing corporations, and colleges.
Overall employment prospects are rather secure and should grow at roughly the population average during the next ten years, particularly for those who have a master’s degree in accounting.