Career and Education Opportunities for Budget Analysts in Louisville, Kentucky
There is a wide variety of career and education opportunities for budget analysts in the Louisville, Kentucky area. About 1,020 people are currently employed as budget analysts in Kentucky. By 2016, this is expected to grow 6% to 1,080 people employed. This is not quite as good as the national trend for budget analysts, which sees this job pool growing by about 15.1% over the next eight years. Budget analysts generally examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
Budget analysts earn approximately $25 per hour or $52,480 yearly on average in Kentucky. Nationally they average about $31 hourly or $65,320 yearly. Incomes for budget analysts are better than in the overall category of Accounting and Auditing in Kentucky, and better than the overall Accounting and Auditing category nationally. Budget analysts work in a variety of jobs, including: financial analyst, staff analyst, and cost accountant.
There are four schools within twenty-five miles of Louisville where you can study to be a budget analyst, among thirty schools of higher education total in the Louisville area. 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 Louisville 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 Louisville - Louisville, KY
University of Louisville, 2301 S 3rd St, Louisville, KY 40292-0001. University of Louisville is a large university located in Louisville, Kentucky. It is a public school with primarily 4-year or above programs. It has 20,726 students and an admission rate of 70%. University of Louisville has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated one, fourteen, and twenty-two students respectively in 2008.
- Finance, bachelor's degree which graduated 2 students in 2008.
Indiana University-Southeast - New Albany, IN
Indiana University-Southeast, 4201 Grant Line Rd, New Albany, IN 47150. Indiana University-Southeast is a medium sized university located in New Albany, Indiana. It is a public school with primarily 4-year or above programs. It has 6,482 students and an admission rate of 87%. Indiana University-Southeast has a master's degree program in Accounting which graduated six students in 2008.
Spalding University - Louisville, KY
Spalding University, 845 S. Third Street, Louisville, KY 40203-2188. Spalding University is a small university located in Louisville, Kentucky. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,667 students and an admission rate of 43%. Spalding University has a bachelor's degree program in Accounting which graduated three students in 2008.
Bellarmine University - Louisville, KY
Bellarmine University, 2001 Newburg Rd, Louisville, KY 40205-0671. Bellarmine University is a small university located in Louisville, Kentucky. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,001 students and an admission rate of 58%. Bellarmine University has a bachelor's degree and a postbaccalaureate certificate program in Accounting which graduated one and eight 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: Louisville, Kentucky
Louisville is located in Jefferson County, Kentucky. It has a population of over 261,624. The cost of living index in Louisville, 84, is well below the national average. New single-family homes in Louisville are priced at $74,300 on average, which is far less than the state average. In 2002, one hundred forty-six new homes were built in Louisville, down from two hundred seventy-seven the previous year.
The three most popular industries for women in Louisville are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average travel time to work is about 20 minutes. More than 21.3% of Louisville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is higher than the state average.
About 21.6% of Louisville's residents are below the poverty line, which is worse than the state average.
The percentage of Louisville residents that are affiliated with a religious congregation, 54.6%, is more than the national average but less than the state average. Audubon Church, Expressway Church and Southern Baptist Seminary are some of the churches located in Louisville. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.
Louisville is home to the Oak Saint Yards and the Brooklawn Childrens Home as well as Central Park and Taylor Memorial Park. Visitors to Louisville can choose from The Galt House, Seelbach Hilton and Best Western Airport East for temporary stays in the area.