A budget analyst analyzes an organization's financial situation and creates budgets that suit its financial needs. Often, a person in this position also has responsibilities regarding execution of the budget and creation of financial forecasts for the future. Though each employer's requirements may differ somewhat, you will likely need either a bachelor's or master's degree in a subject such as business, finance, or accounting to secure this position. You may also need related skills to qualify for this job, including those that involve the use of computers and budgeting software, analytical abilities, and strong communication skills. Many employers offer on-the-job training as well.
Many employers seek budget analyst job candidates who have college degrees. As such, you will typically have to graduate from high school or earn an equivalent credential and then earn at least a bachelor's degree to become a budget analyst. It is important to keep in mind, however, that some employers may give preference to candidates who have even more education. For this reason, you may want to consider committing to a couple of additional years of college education and obtain a master's degree. With such an advanced degree in hand, you may not only have a better chance of qualifying for this job, but also more opportunities for higher pay and advancement.
The major you choose in college can also make a difference when you want to become a budget analyst. The most common majors for someone interested in this career include business, finance, and accounting. You may also have a good chance of qualifying for this job after earning a degree in economics, political science, or statistics. In fact, even a degree in sociology may prove suitable for this career in some cases. It is possible to get hired for such a position without a degree, but you will typically need years of related experience to qualify.
Your skills may also matter a good deal when you want to become a budget analyst. Most employers prefer to hire candidates who have computer skills and experience using software helpful in this type of work, including spreadsheet and database programs. You also will typically need an analytical mind and mathematical skills to become a budget analyst. The ability to work independently and maintain confidentiality is usually important as well.
Past experience working in a business or financial environment may also help you land a job as a budget analyst. Many employers do expect to prepare new hires for their specific needs, however. Often, this is accomplished through on-the-job training.
