MBA Budget Analyst

Can you tell me about the scope of Budget Analyst as I want to be sure about it before taking up any course in this regard?

[Shaleen]

Budget analysts use expert knowledge of finance to increase the employers' efficiency, maximize profits and reduce wasteful spending

Job Description
Budget analysts work for businesses, nonprofits and government agencies, using the expert knowledge of finance to increase employers' efficiency, maximize profits and reduce wasteful spending.

In it, one may examine employing organization's budget for any areas that need improvement and make suggestions to the CEO, elected official or senior management according to your findings.

It may require presenting findings in reports or business presentations.

One uses computer software to compile and analyze data.

One usually works minimum 40 hours a week in an office setting, but some jobs require extra hours and travel.

Final budget reviews, in particular, can require working overtime, and may experience stress involved with meeting strict deadlines.

Job Growth and Salary Information

Due to the development of new statistical techniques and, in turn, the increasing complexity of the job, there's expected to be a greater demand for budget analysts.

Since, these professionals ensure efficient use of funds, demand remains high during budget cutbacks, and employment continues to be steady in the midst of poor economic climates.

The middle 50% of budget analysts made between $57,000 and $89,000, with the highest-paid workers making over $107,000.

Pros of a Budget Analyst Career
High earnings ($71,000 median salary as of 2014)
Work in a comfortable office setting
Jobs available in various settings
Stable employment during poor economic conditions