Career and Education Opportunities for Budget Analysts in Des Moines, Iowa
Budget analyst career and educational opportunities abound in Des Moines, Iowa. There are currently 300 jobs for budget analysts in Iowa and this is projected to grow 11% to 330 jobs 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.
Income for budget analysts is about $28 per hour or $59,360 per year on average in Iowa. Nationally, their income is about $31 hourly or $65,320 per year. Earnings for budget analysts are better than earnings in the general category of Accounting and Auditing in Iowa and better than general Accounting and Auditing category earnings nationally. Jobs in this field include: budget manager, budget coordinator, and financial analyst.
The Des Moines area is home to fifteen schools of higher education, including six within twenty-five miles of Des Moines where you can get a degree as a budget analyst. Given that the most common education level for budget analysts is a Bachelor's degree, 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 Des Moines 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.
- 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
Simpson College - Indianola, IA
Simpson College, 701 North C St, Indianola, IA 50125. Simpson College is a small college located in Indianola, Iowa. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,052 students and an admission rate of 88%. Simpson College has a bachelor's degree and a postbaccalaureate certificate program in Accounting which graduated one and zero students respectively in 2008.
Kaplan University-Des Moines Campus - Urbandale, IA
Kaplan University-Des Moines Campus, 4655 121st Street, Urbandale, IA 50323. Kaplan University-Des Moines Campus is a small university located in Urbandale, Iowa. It is a private for-profit school with primarily 4-year or above programs and has 864 students. Kaplan University-Des Moines Campus has an associate's degree and a bachelor's degree program in Accounting which graduated twenty-one and two students respectively in 2008.
Central College - Pella, IA
Central College, 812 University, Pella, IA 50219. Central College is a small college located in Pella, Iowa. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,558 students and an admission rate of 77%. Central College has a bachelor's degree program in Accounting which graduated three students in 2008.
Drake University - Des Moines, IA
Drake University, 2507 University Avenue, Des Moines, IA 50311-4505. Drake University is a medium sized university located in Des Moines, Iowa. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,753 students and an admission rate of 69%. Drake University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree and master's degree which graduated four and fifteen students respectively in 2008.
- Finance, bachelor's degree which graduated 11 students in 2008.
AIB College of Business - Des Moines, IA
AIB College of Business, 2500 Fleur Drive, Des Moines, IA 50321-1799. AIB College of Business is a small college located in Des Moines, Iowa. It is a private not-for-profit school with primarily 4-year or above programs. It has 985 students and an admission rate of 55%. AIB College of Business has an associate's degree and a bachelor's degree program in Accounting which graduated sixty-six and ten students respectively in 2008.
Grand View University - Des Moines, IA
Grand View University, 1200 Grandview Ave, Des Moines, IA 50316. Grand View University is a small university located in Des Moines, Iowa. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,936 students and an admission rate of 95%. Grand View University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 10 students in 2008.
- Finance, bachelor's degree which graduated 2 students in 2008.
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LOCATION INFORMATION: Des Moines, Iowa
Des Moines is located in Polk County, Iowa. It has a population of over 197,052, which has shrunk by 0.8% in the past ten years. The cost of living index in Des Moines, 79, is well below the national average. New single-family homes in Des Moines cost $175,000 on average, which is below the state average. In 2008, one hundred sixty-five new homes were built in Des Moines, down from three hundred nine the previous year.
The top three industries for women in Des Moines are finance and insurance, health care, and educational services. For men, it is construction, finance and insurance, and accommodation and food services. The average travel time to work is about 18 minutes. More than 21.8% of Des Moines residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.5%, is lower than the state average.
The unemployment rate in Des Moines is 7.1%, which is greater than Iowa's average of 6.1%.
The percentage of Des Moines residents that are affiliated with a religious congregation, 48.2%, is less than both the national and state average. Epworth United Methodist Church, Union Park Baptist Church and Seventh Day Adventist Church are all churches located in Des Moines. The most prominent religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the United Methodist Church.
Des Moines is home to the Activities Center and the Blank Park Zoo as well as M L King Park and Des Moines Botanical Garden. Shopping centers in the area include Merle Hay Mall, Des Moines Park Fair Mall and Southridge Mall. Visitors to Des Moines can choose from Palace Inn, Holiday Inn Express Des Moines and Casa Bella Motel for temporary stays in the area.