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Budget Analysts in Illinois

Want to work as a Budget Analysts in Illinois? Here’s what the data says. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports. Excludes “Financial and Investment Analysts” (13-2051).

What do Budget Analysts Make in Illinois?

For a budget analysts working in Illinois, wages run about $91,140 per year (or about $43.82/hour).Pay can range from $57,590 at the 10th percentile to $130,830 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$57,590	$27.69
25th percentile	$70,790	$34.03
Median (50th)	$91,140	$43.82
75th percentile	$109,820	$52.80
90th percentile	$130,830	$62.90

Location quotient — how concentrated this career is in Illinois nationwide is 0.45, suggesting fewer budget analysts per worker than the national average.

National Wage Comparison

Nationally, budget analysts earn a median of $80,859 per year ($38.87/hour), higher than the Illinois median.

Employment Outlook

National employment for 523,417 budget analysts nationwide. In Illinois alone, approximately 830 people work in this role. That’s higher than the typical state, which employs around 480 budget analysts.

Top Illinois Metros for Budget Analysts

These are the Illinois metros with the most budget analysts in Illinois.

Metro Area	Number Employed	Annual Median Salary
Chicago-Naperville-Elgin, IL-IN	490	$87,120

Top States for Budget Analysts Employment

View the states that employ the most budget analysts work.

State	Number Employed
Texas	3,840
California	3,700
Florida	3,450
Virginia	2,940
Maryland	2,870
New York	2,740
Georgia	1,890
District of Columbia	1,720
North Carolina	1,680
Colorado	1,450
Massachusetts	1,380
Washington	1,300
Tennessee	1,090
Pennsylvania	990
Oregon	980
Alabama	940
Wisconsin	900
Arizona	850
Illinois	830
New Jersey	770

Highest-Paying States for Budget Analysts

Where budget analysts earn the most: budget analysts.

State	Annual Median Salary
District of Columbia	$117,960
Virginia	$108,740
California	$103,900
Maryland	$101,420
New Mexico	$99,590
Alabama	$98,080
Colorado	$96,680
Oregon	$94,640
Connecticut	$93,070
New Jersey	$92,980

Skills

Top budget analysts skills, rated on an importance scale of 0 to 5:

Knowledge Areas

Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:

Abilities

Key abilities for budget analysts, rated on an importance scale of 0 to 5:

Daily Tasks

Budget Analysts typically:

• Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
• Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
• Review operating budgets to analyze trends affecting budget needs.
• Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
• Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
• Summarize budgets and submit recommendations for the approval or disapproval of funds requests.
• Consult with managers to ensure that budget adjustments are made in accordance with program changes.
• Direct the preparation of regular and special budget reports.
• Interpret budget directives and establish policies for carrying out directives.
• Perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
• Match appropriations for specific programs with appropriations for broader programs, including items for emergency funds.
• Seek new ways to improve efficiency and increase profits.

Work Activities

• Working with Computers
• Getting Information
• Processing Information
• Communicating with Supervisors, Peers, or Subordinates
• Analyzing Data or Information
• Organizing, Planning, and Prioritizing Work
• Evaluating Information to Determine Compliance with Standards
• Documenting/Recording Information
• Making Decisions and Solving Problems
• Identifying Objects, Actions, and Events
• Updating and Using Relevant Knowledge
• Establishing and Maintaining Interpersonal Relationships

Tools & Technology

Technologies frequently used: Hot technologies: Microsoft Access, Microsoft Excel In-demand technologies: Microsoft Access

What Major Will Prepare You For This Career?

Related college programs include:

• Accounting
• Finance & Financial Management

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Related Careers

Careers similar to budget analysts include:

• Financial Managers
• Treasurers and Controllers
• Investment Fund Managers
• Compensation and Benefits Managers
• Project Management Specialists
• Management Analysts

Also Known As

Budget Administrator (Budget Admin), Budget Analyst, Budget Coordinator, Budget Engineer, Budget Examiner, Budget Management Analyst, Budget Officer, Budget Planning Analyst, Budget Specialist, Budget and Policy Analyst, Cost Accountant, Cost Analyst, Financial Management Analyst, Financial Planning and Analysis Analyst, Financial Services Officer.

References

• U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
• O*NET Online — https://www.onetonline.org/
• BLS Employment Projections — https://www.bls.gov/emp/
• O*NET-SOC code: 13-2031.00