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Budget Analysts in Tennessee

Thinking about a career as a Budget Analysts in Tennessee? Here’s what you need to know. 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 Tennessee?

For budget analysts working in Tennessee, the typical annual salary is $83,740 per year (or about $40.26/hour).Annual wages span from $62,200 at the 10th percentile to $130,340 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$62,200	$29.90
25th percentile	$70,520	$33.90
Median (50th)	$83,740	$40.26
75th percentile	$105,280	$50.61
90th percentile	$130,340	$62.67

Location quotient — how concentrated this career is in Tennessee relative to the national average — is 1.09.

National Wage Comparison

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

Employment Outlook

There are roughly 523,417 budget analysts across the United States. In Tennessee alone, about 1,090 people work in this role. That puts the state above the typical state, which employs around 480 budget analysts.

Top Tennessee Metros for Budget Analysts

The metro areas below employ the most budget analysts in Tennessee.

Metro Area	Number Employed	Annual Median Salary
Nashville-Davidson–Murfreesboro–Franklin, TN	460	$81,910
Memphis, TN-MS-AR	250	$88,300
Knoxville, TN	130	$78,430
Chattanooga, TN-GA	70	$85,730
Clarksville, TN-KY	50	$82,220
Kingsport-Bristol, TN-VA	40	$87,270

Top States for Budget Analysts Employment

The table below shows the states where 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

The highest-paying states for 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

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

Knowledge Areas

Important 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

Software and systems commonly involved: Hot technologies: Microsoft Access, Microsoft Excel In-demand technologies: Microsoft Access

What Major Will Prepare You For This Career?

Programs that train for this career include:

• Accounting
• Finance & Financial Management

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Related Careers

Other careers like 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