What is a Budget Analyst?
A Budget Analyst’s main tasks are to prepare and advise on budgets within company or organisation. It’s a difficult to job to distribute the monies effectively and efficiently so that the company can operate at the best level. If these tasks are not executed correctly, the organisation could go bankrupt.
In an NPO (not for profit organisation) for instance, profit is not a big issue but rather how to make their funding work best for them throughout their organisation. As funding becomes more difficult the job of a Budget Analyst really gets tested. They have to be good problem solver.
What does a Budget Analyst do?
- analyses financial data
- estimates future budgets and expenditures
- develops budgets
- critiques and advises on new and/or existing budgets
- keeps up to date with legislation
- keeps up to date with the goals of the company / organisation
- liaises with management and financial departments
- solves budgetary problems
- monitor and evaluate budget expenditure
- writes reports and gives regular feedback to management
Are you . . . ?
- good at mathematics?
- responsible and reliable?
- a problem solver?
- detail orientated?
- thorough and systematic?
- a good communicator?
How do I become a Budget Analyst?
You will need a degree in Mathematics, Finance and/or Accounting. Once you have worked and gained experience in the financial department of a company, you might think of continuing your studies to a Masters degree.
- CLICK HERE to check for a training institution near you to see what they offer.
- Make sure you understand their entry requirements for each course.
- To avoid scams, make sure your institution is registered with the Department of Higher Education. CLICK HERE to check accredited Private Higher Education Institutions.
Is becoming a Budget Analyst the right career choice for me?