Career and Education Opportunities for Budget Analysts in Anchorage, Alaska
Anchorage, Alaska provides a wide variety of opportunities, both career and educational, for budget analysts. There are currently 290 working budget analysts in Alaska; this should grow by 5% to about 300 working budget analysts in the state by 2016. This is not quite as good as the nation as a whole, where employment opportunities for budget analysts are expected to grow by about 15.1%. Budget analysts generally examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
Budget analysts earn approximately $30 per hour or $63,760 annually on average in Alaska. Nationally they average about $31 per hour or $65,320 per year. Incomes for budget analysts are better than in the overall category of Accounting and Auditing in Alaska, and better than the overall Accounting and Auditing category nationally. People working as budget analysts can fill a number of jobs, such as: accountant, cost analyst, and accounting supervisor.
There are three schools within twenty-five miles of Anchorage where you can study to be a budget analyst, among four schools of higher education total in the Anchorage area. Given that the most common education level for budget analysts is a Bachelor's degree, you can expect to spend about four years studying to be a budget analyst if you already have a high school diploma.
CAREER DESCRIPTION: Budget Analyst
In general, budget analysts examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. They also analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
Budget analysts furnish advice and technical assistance as well as cost analysis and budget preparation. They also examine budget estimates for completeness and conformance with procedures and regulations. Equally important, budget analysts have to inspect operating budgets to analyze trends affecting budget needs. They are often called upon to confer with managers to insure that budget adjustments are made in accordance with program changes. They are expected to direct the preparation of regular and special budget reports. Finally, budget analysts perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
Every day, budget analysts are expected to be able to deal with basic arithmetic problems. They need to read and understand documents and reports. It is also important that they decide how to think about problems involving math.
It is important for budget analysts to seek new ways to further optimize efficiency and increase profits. They are often called upon to interpret budget directives and establish policies for carrying out directives. They also match appropriations for specific programs with appropriations for broader programs, including items for emergency funds. They are sometimes expected to analyze monthly department budgeting and accounting reports to maintain expenditure controls. Somewhat less frequently, budget analysts are also expected to testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.
And finally, they sometimes have to perform cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods.
Like many other jobs, budget analysts must be thorough and dependable and have exceptional integrity.
Similar jobs with educational opportunities in Anchorage include:
- Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
- Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
- Business Management Analyst. Conduct organizational studies and evaluations, design systems and procedures, conduct work simplifications and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.
- Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
- Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
- Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
- Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
- Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
- Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
- Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
- Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
EDUCATIONAL OPPORTUNITIES: Budget Analyst Training
University of Alaska Anchorage - Anchorage, AK
University of Alaska Anchorage, 3211 Providence Drive, Anchorage, AK 99508. University of Alaska Anchorage is a large university located in Anchorage, Alaska. It is a public school with primarily 4-year or above programs. It has 16,649 students and an admission rate of 68%. University of Alaska Anchorage has 2 areas of study related to Budget Analyst. They are:
- Accounting, associate's degree and bachelor's degree which graduated twenty-six and forty-five students respectively in 2008.
- Finance, bachelor's degree which graduated 21 students in 2008.
Alaska Pacific University - Anchorage, AK
Alaska Pacific University, 4101 University Dr, Anchorage, AK 99508. Alaska Pacific University is a small university located in Anchorage, Alaska. It is a private not-for-profit school with primarily 4-year or above programs. It has 795 students and an admission rate of 93%. Alaska Pacific University has a less than one year program in Finance.
Charter College - Anchorage, AK
Charter College, 2221 E Northern Lights Blvd Ste 120, Anchorage, AK 99508. Charter College is a small college located in Anchorage, Alaska. It is a private for-profit school with primarily 4-year or above programs and has 770 students. Charter College has a one to two year and an associate's degree program in Accounting which graduated five and five students respectively in 2008.
Fiscal Services - Accelerated Package: Fiscal Services - Accelerated Package course list: Better Requests for Proposals for Better Projects; Continuous Improvement Through Monitoring; Contracting; New Coding System for the 21st Century; Procurement; and Writing Winning Grant Proposals.
For more information, see the Dynamic Works Institute website.
LOCATION INFORMATION: Anchorage, Alaska
Anchorage is located in Anchorage Municipality County, Alaska. It has a population of over 279,243, which has grown by 7.3% in the past ten years. The cost of living index in Anchorage, 89, is well below the national average.
The top three industries for women in Anchorage are health care, educational services, and public administration. For men, it is construction, public administration, and accommodation and food services. The average travel time to work is about 20 minutes. More than 28.9% of Anchorage residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.2%, is higher than the state average.
Anchorage is home to the Chugach and the Black Bear Campground as well as Baxter Bog Park and Alaska Railroad Power Reserve. Visitors to Anchorage can choose from Courtyard Anchorage, Creekwood Inn and The Voyager Hotel for temporary stays in the area.