Budget Analyst

Strategic Financial Planning for Success: Your Essential Career Resource

About

A Budget Analyst is a professional who helps businesses and organizations plan and manage their money. Furthermore, they analyze the finances and keep a stable financial ground for the foreseeable future. Budget Analysts make suggestions on how companies can spend their resources to a minimum

Furthermore, they help in maximizing the value with projects, events as well as other investment areas. They review and track companies' financial reports. These professionals have highly important roles and work closely with the company's leadership. They can work in both public as well as private companies. 

Eligibility

For Bachelor’s

  • Aspirants need to pass 10+2 with at least 50% marks from any recognised board.
  • Students can opt for a Bachelor's degree in business, finance, accounting, economics or any other related field.

 For Masters

  • To gain job market knowledge, one can opt for a Master's degree in MBA in Finance or Banking. 
  • Candidates must have certificates like Certified Government Financial Management. 

Job Roles

The field of Budget Analyst aims to provide in-depth knowledge and enhance the skills of the students. To do such a task, this field presents innumerable job profiles:  

  • Sr. Budget Project Associate
  • Budget Analyst
  • Business Analyst
  • Junior Financial Analyst
  • Senior Associate
  • Project Control Analyst
  • Payroll Business Analyst

Top Recruiters

There are many recruiters from leading companies who enlist potential students in the Budget Analyst field. Following are some Recruiters from where students can find an employment opportunity in India: 

  • Labcorp
  • Nium
  • World Resources Institute
  • Outlook Designed
  • Novotech
  • Genpact
  • Infosys
  • Newgen Software
  • BNY Mellon
  • Danfoss
  • Capco

Salary

The salary range may vary from company to company, but the salary of a Budget Analyst is very impressive only in India.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx ₹4,30,000

Mid Level Salary

Approx ₹9,10,000 

Senior Level Salary

Approx ₹15,60,000 

Skills

  • Interpersonal Skills
  • Analytical Mindset
  • Decision Making Skills
  • Data Analysis Abilities
  • Tech Savvy
  • Presentation Skills

Scope

A Budget Analyst aids companies in creating budgets as well as financial reports by analyzing past data. Furthermore, they evaluate budget proposals, monitor spending along with helping organizations plan for their future financial needs. They analyze  a company's spendings and savings to meet their goals. They outline the pros and cons of making larger purchases.

Moreover, Budget Analysts help companies to keep their expenses manageable while investing in activities that offer the most value. Budget Analysts hold a great position in preserving the financial health and profitability of companies in the future. Needless to say, the career scope of a Budget Analyst is on a rise and this is the right time to join this career field.

Benefits

  • Stable Employment
  • Comfortable Work Environment
  • Handsome Salary
  • Multiple Job Opportunities

Drawbacks

  • Fast- Paced Life
  • Long Working Hours
  • No Room for Error
  • Lack of Creativity