![]() ![]() Similarities Between Budget Analyst and Financial Analystīudget analysts and financial analysts are financial professionals who most often work in the business offices of different industries. Jobs in computer systems and related design should jump 24.3%, with 2,000 new positions in that industry, while professional, scientific, and technical services will add 6,700 jobs, a 15.3% jump. That growth equates to 20,300 new domestic financial analyst jobs. The BLS projects the job market for financial analysts to grow 6% between 20, which is slightly above the national average during the same time span (5%). The industry that paid the highest median annual salary was securities, commodity contracts, and other financial investments ($101,410), followed by professional, scientific, and technical services ($85,540) management of companies and enterprises ($83,640) credit intermediation and related activities ($81,420) and insurance carriers and related activities ($78,870). The bottom 10% of financial analysts earned approximately $52,540, while the top 10% earned as much as $167,420 each year. The BLS indicated there were 329,500 financial analysts working in the United States as of May 2018, making a median annual salary of $85,660. Financial Analyst Salaries and Job Outlook They then provide recommendations based on that research and industry knowledge. Financial analysts examine current and historical financial data, market trends, projections, tax returns, and other documents to get a clear financial picture of a business, investment opportunity, or scenario. Through this process, they help determine whether their employers should invest money, withdraw money, or hold steady. Instead of analyzing their employers’ documents, they analyze other businesses’ financial sheets and the corresponding markets. Financial Analyst Overviewįinancial analysts guide businesses or individuals in making investment decisions. The BLS projects the federal government will employ 11,800 budget analysts educational services will employ 8,000 professional, scientific, and technical services will employ 7,500 and local and state government will each employ 6,100. That means there will be 2,400 new job openings for budget analysts, bringing the total market up to 59,400 jobs. The BLS projects the job market for budget analysts to grow 4% between 20, which is in line with the national average. The industry that paid the highest median annual salary was professional, scientific, and technical services ($83,890), followed by the federal government ($82,200), local government ($71,420), educational services ($66,350), and state government ($65,420). ![]() The bottom 10% of budget analysts earned approximately $49,860 each year, while the top 10% earned as much as $116,300. Bureau of Labor Statistics (BLS), there were 56,900 budget analysts working in the United States as of May 2018, earning a median annual salary of $76,220. ![]() Budget Analyst Salaries and Job OutlookĪccording to the U.S. Budget analysts also assist businesses in organizing their finances, making it easier for accountants and tax professionals to file tax returns and keep businesses within legal boundaries. They help companies compile their current and estimated future spending, as well as revenues, determining how much money they should spend, save, or invest. Budget Analyst Overviewīudget analysts review organizations’ internal budgets to ensure they’re spending their money responsibly. Continue reading to learn more about these two professions, their job markets, and the educational background that could help you step into a career in the field. ![]() These financial experts fill a crucial role in the decisions of many businesses, helping them rein in spending or mitigate the effects of bad investments, ultimately contributing to fiscal responsibility. Two types of professionals who help organizations understand their financial standing and make informed decisions are budget analysts and financial analysts. Businesses, organizations, and local and national governments rely on financial professionals to help them analyze their potential expenditures and investments, ensuring they make intelligent decisions for their financial benefit and long-term sustainability. Every expenditure or investment provides opportunities for financial gain or a loss that could have major repercussions. ![]()
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