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Career and Education Opportunities for Budget Analysts in Hartford, Connecticut

For those living in the Hartford, Connecticut area, there are many career and education opportunities for budget analysts. About 1,140 people are currently employed as budget analysts in Connecticut. By 2016, this is expected to grow 5% to 1,190 people employed. 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 about $34 hourly or $72,120 yearly on average in Connecticut and about $31 hourly or $65,320 per year on average nationally. Incomes for budget analysts are better than in the overall category of Accounting and Auditing in Connecticut, and better than the overall Accounting and Auditing category nationally. Jobs in this field include: budget engineer, fiscal agent, and fiscal officer.

There are sixty-two schools of higher education in the Hartford area, including eleven within twenty-five miles of Hartford where you can get a degree to start your career as a budget analyst. Budget analysts usually hold a Bachelor's degree, so it will take about four years to learn 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 Hartford 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.

EDUCATIONAL OPPORTUNITIES: Budget Analyst Training

Springfield Technical Community College - Springfield, MA

Springfield Technical Community College, 1 Armory Sq, Springfield, MA 01105-1296. Springfield Technical Community College is a medium sized college located in Springfield, Massachusetts. It is a public school with primarily 2-year programs and has 6,331 students. Springfield Technical Community College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, associate's degree which graduated 21 students in 2008.
  • Finance, associate's degree which graduated 3 students in 2008.

College of Our Lady of the Elms - Chicopee, MA

College of Our Lady of the Elms, 291 Springfield St, Chicopee, MA 01013. College of Our Lady of the Elms is a small college located in Chicopee, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,219 students and an admission rate of 82%. College of Our Lady of the Elms has a bachelor's degree program in Accounting which graduated three students in 2008.

Central Connecticut State University - New Britain, CT

Central Connecticut State University, 1615 Stanley St, New Britain, CT 06050. Central Connecticut State University is a large university located in New Britain, Connecticut. It is a public school with primarily 4-year or above programs. It has 12,233 students and an admission rate of 60%. Central Connecticut State University has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree which graduated 92 students in 2008.
  • Finance, bachelor's degree which graduated 85 students in 2008.

Westfield State College - Westfield, MA

Westfield State College, 577 Western Ave, Westfield, MA 01086-1630. Westfield State College is a medium sized college located in Westfield, Massachusetts. It is a public school with primarily 4-year or above programs. It has 5,562 students and an admission rate of 62%. Westfield State College has a master's degree program in Accounting.

Saint Joseph College - West Hartford, CT

Saint Joseph College, 1678 Asylum Avenue, West Hartford, CT 06117-2764. Saint Joseph College is a small college located in West Hartford, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,926 students and an admission rate of 82%. Saint Joseph College has a bachelor's degree program in Accounting.

Goodwin College - East Hartford, CT

Goodwin College, 745 Burnside Ave, East Hartford, CT 06108. Goodwin College is a small college located in East Hartford, Connecticut. It is a private not-for-profit school with primarily 2-year programs and has 1,589 students. Goodwin College has a one to two year program in Accounting.

Quinnipiac University - Hamden, CT

Quinnipiac University, Mt Carmel Ave, Hamden, CT 06518. Quinnipiac University is a medium sized university located in Hamden, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,413 students and an admission rate of 45%. Quinnipiac University has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated one, zero, and ten students respectively in 2008.
  • Finance, bachelor's degree which graduated 3 students in 2008.

University of Hartford - West Hartford, CT

University of Hartford, 200 Bloomfield Ave, West Hartford, CT 06117-1599. University of Hartford is a medium sized university located in West Hartford, Connecticut. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,366 students and an admission rate of 60%. University of Hartford has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated one and thirty-nine students respectively in 2008.
  • Finance, bachelor's degree which graduated 5 students in 2008.

University of Connecticut - Storrs, CT

University of Connecticut, , Storrs, CT 06269. University of Connecticut is a large university located in Storrs, Connecticut. It is a public school with primarily 4-year or above programs. It has 24,273 students and an admission rate of 54%. University of Connecticut has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated 161 and 101 students respectively in 2008.
  • Finance, bachelor's degree which graduated 159 students in 2008.

Western New England College - Springfield, MA

Western New England College, 1215 Wilbraham Rd, Springfield, MA 01119-2684. Western New England College is a small college located in Springfield, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,215 students and an admission rate of 73%. Western New England College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated thirty-eight and nine students respectively in 2008.
  • Finance, bachelor's degree and master's degree which graduated thirty-one and one students respectively in 2008.

American International College - Springfield, MA

American International College, 1000 State Street, Springfield, MA 01109. American International College is a small college located in Springfield, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,167 students and an admission rate of 78%. American International College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated sixteen and zero students respectively in 2008.
  • Finance, bachelor's degree and master's degree.

CERTIFICATIONS

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: Hartford, Connecticut

Hartford, Connecticut
Hartford, Connecticut photo by Contimm

Hartford is situated in Hartford County, Connecticut. It has a population of over 124,062, which has grown by 2.0% in the past ten years. The cost of living index in Hartford, 104, is above the national average. New single-family homes in Hartford cost $82,500 on average, which is far less than the state average. In 2008, eight new homes were constructed in Hartford, down from twelve the previous year.

The three big industries for women in Hartford are health care, finance and insurance, and educational services. For men, it is administrative and support and waste management services, construction, and accommodation and food services. The average commute to work is about 24 minutes. More than 12.4% of Hartford residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 5.2%, is lower than the state average.

The unemployment rate in Hartford is 14.4%, which is greater than Connecticut's average of 8.3%.

The percentage of Hartford residents that are affiliated with a religious congregation, 57.4%, is more than both the national and state average. Our Lady of Sorrows Church, All Saints Orthodox Church and Sacred Heart Church are all churches located in Hartford. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.

Hartford is home to the Albany Avenue Branch Hartford Public Library and the North Meadows Industrial Park as well as Little Hollywood Historic District and West End North Historic District. Shopping malls in the area include Park Plaza Shopping Center, Pavillion at State House Shopping Center and Civic Center Mall Shopping Center.