Another position available to those who hold an Accounting degree is a Budget Analyst. This is a specialized position usually within a public or a private institution. This is another position with an awesome median salary of almost $70K per year.
What Kind of Schooling Do You need for this Position?
A Bachelor’s degree in Accounting is required for a Budget Analyst. As this is an important position for any institution, an employer will be looking for a candidate with above average grades and a keen eye for finances. Some organizations may look for Master’s degrees. The only drawback to this career choice is that there is a small field as not every business or organization has an Analyst.
What Does a Budget Analyst Do?
Budget analysts assist a public or private institution to effectively organize their all of their financial transactions. They will create budget reports based on their organization’s working budget, with consideration based on their needs. Analysts keep a strong monitoring of their institutional spending. In other words, they are in charge of seeing that an organization does not overspend their budget.
Prospectus of Budget Analysts as a Career Choice.
As stated above there is a smaller field for Budget Analysts. There is a projected growth of only 6 per cent from 2012 to 2022. Why? Well, this is mostly due to the fact that 41 per cent of Budget Analysts work for the government and because of the U.S. economy, there are limited positions available or projected due to the cut in government spending.
The remaining positions for Analysts are based in universities and other private companies. This is probably where the majority of the future position growth lies. Also considered would be possible job changes and retirements.
With a Limited Projected Growth, Is It Worth Pursuing an Accounting Degree?
Absolutely it is worth it. There are always changes in every job situation. There are so many other jobs available to you with an accounting degree. You can always get your foot in the door in a government job or with another institution that has a Budget Analyst, and continue to set your sights on that position while you earn valuable experience, not only in your field of accounting, but also learning about the organization itself. In many fields, you may have to take an entry level position at first and climb your way up the ladder by proving your value to your organization in whichever position you master. Displaying your outstanding work ethics will be rewarded with raises and promotions.
Elaine M. Long
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15
Edition, Budget Analysts, on the Internet at http://www.bls.gov/ooh/business-and-
financial/budget-analysts.htm (visited February 13, 2014).