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Career and Education Opportunities for Budget Analysts in Connecticut

Connecticut has a population of 3,518,288, which has grown by 3.31% in the last 10 years. Nicknamed the "Constitution State," its capital is Hartford, though its biggest city is Bridgeport.

There are currently 1,140 working budget analysts in Connecticut; this should grow 5% to 1,190 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%. In general, budget analysts examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.

A person working as a budget analyst can expect to earn about $34 per hour or $72,120 annually on average in Connecticut and about $31 hourly or $65,320 per year on average in the U.S. as a whole. Compared with people working in the overall category of Accounting and Auditing, people working as budget analysts in Connecticut earn more. They earn more than people working in the overall category of Accounting and Auditing nationally. People working as budget analysts can fill a number of jobs, such as: chief financial officer , budget manager, and budget examiner.

In 2008, there were a total of 2,279,011 jobs in Connecticut. The average annual income was $56,245 in 2008, up from $55,629 in 2007. The unemployment rate in Connecticut was 8.2% in 2009, which has grown by 2.6% since the previous year. About 31.4% of Connecticut residents have college degrees, which is higher than the national average.

The top industries in Connecticut include petroleum bulk stations, sales financing, and paper product merchant wholesalers.

CITIES WITH Budget Analyst OPPORTUNITIES IN Connecticut


JOB 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.

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.

Similar jobs with educational opportunities in Connecticut 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.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • 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.

LOCATION INFORMATION: Connecticut

Connecticut
Connecticut photo by Ragesoss

Connecticut has a population of 3,518,288, which has grown by 3.31% over the past 10 years. Nicknamed the "Constitution State," its capital is Hartford, though its biggest city is Bridgeport. In 2008, there were a total of 2,279,011 jobs in Connecticut. The average annual income was $56,245 in 2008, up from $55,629 the previous year. The unemployment rate in Connecticut was 8.2% in 2009, which has grown by 2.6% since the previous year. Roughly 31.4% of Connecticut residents have college degrees, which is higher than the national average.

The top industries in Connecticut include petroleum bulk stations, sales financing, and paper product merchant wholesalers.