Career and Education Opportunities for Budget Analysts in Kaneohe, Hawaii
Kaneohe, Hawaii provides a wide variety of opportunities, both career and educational, for budget analysts. There are currently 450 working budget analysts in Hawaii; this should grow 2% to 460 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.
The income of a budget analyst is about $30 per hour or $63,250 per year on average in Hawaii. In the U.S. as a whole, their income is about $31 per hour or $65,320 per year on average. Incomes for budget analysts are better than in the overall category of Accounting and Auditing in Hawaii, and better than the overall Accounting and Auditing category nationally. Budget analysts work in a variety of jobs, including: budget officer, controller, and chief financial officer .
The Kaneohe area is home to twelve schools of higher education, including three within twenty-five miles of Kaneohe where you can get a degree as a budget analyst. Budget analysts usually hold a Bachelor's degree, so you can expect to spend about four years training to become 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 Kaneohe 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.
- 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.
- 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.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
EDUCATIONAL OPPORTUNITIES: Budget Analyst Training
Leeward Community College - Pearl City, HI
Leeward Community College, 96-045 Ala Ike, Pearl City, HI 96782-3393. Leeward Community College is a medium sized college located in Pearl City, Hawaii. It is a public school with primarily 2-year programs and has 6,771 students. Leeward Community College has a one to two year and an associate's degree program in Accounting which graduated four and fifteen students respectively in 2008.
University of Hawaii at Manoa - Honolulu, HI
University of Hawaii at Manoa, 2500 Campus Road, Hawaii Hall, Honolulu, HI 96822-2301. University of Hawaii at Manoa is a large university located in Honolulu, Hawaii. It is a public school with primarily 4-year or above programs. It has 20,169 students and an admission rate of 69%. University of Hawaii at Manoa has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree and master's degree which graduated 107 and twenty students respectively in 2008.
- Finance, bachelor's degree which graduated 125 students in 2008.
Brigham Young University-Hawaii - Laie, HI
Brigham Young University-Hawaii, 55-220 Kulanui Street, Laie, HI 96762-1294. Brigham Young University-Hawaii is a small university located in Laie, Hawaii. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,424 students and an admission rate of 39%. Brigham Young University-Hawaii has a bachelor's degree program in Accounting.
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: Kaneohe, Hawaii
Kaneohe is situated in Honolulu County, Hawaii. It has a population of over 35,987. The cost of living index in Kaneohe, 167, is far greater than the national average.
The three most popular industries for women in Kaneohe are educational services, health care, and public administration. For men, it is public administration, construction, and accommodation and food services. The average commute to work is about 30 minutes. More than 29.5% of Kaneohe residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.8%, is higher than the state average.
About 6.1% of Kaneohe's residents are below the poverty line, which is better than the state average.
The percentage of Kaneohe residents that are affiliated with a religious congregation, 33.3%, is less than both the national and state average. Door of Faith Church, Pali View Baptist Church and Kaneohe Congregational Church are among the churches located in Kaneohe. The largest religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.
Kaneohe is home to the Kaneohe Civic Center and the ‘Iolani Building as well as Käne‘ohe Civic Center Playground and Kaluapuhi Neighborhood Park. Shopping centers in the area include Käne‘ohe Shopping Center, Käne‘ohe Bay Shopping Center and Windward City Shopping Center.