Career and Education Opportunities for Budget Analysts in Lewiston, Maine
Budget analysts can find many career and educational opportunities in the Lewiston, Maine area. The national trend for budget analysts sees this job pool growing by about 15.1% over the next eight years. 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 $27 per hour or $57,760 per year on average in Maine 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 Maine earn more. They earn more than people working in the overall category of Accounting and Auditing nationally. Budget analysts work in a variety of jobs, including: budget examiner, budget coordinator, and financial analyst.
There are ten schools of higher education in the Lewiston area, including two within twenty-five miles of Lewiston where you can get a degree to start your career 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 Lewiston 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.
- 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 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.
- 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 Maine at Augusta - Augusta, ME
University of Maine at Augusta, 46 University Dr, Augusta, ME 04330-9410. University of Maine at Augusta is a small university located in Augusta, Maine. It is a public school with primarily 4-year or above programs and has 4,731 students. University of Maine at Augusta has a bachelor's degree program in Accounting which graduated ten students in 2008.
Saint Joseph's College of Maine - Standish, ME
Saint Joseph's College of Maine, 278 Whites Bridge Rd, Standish, ME 04084-5236. Saint Joseph's College of Maine is a small college located in Standish, Maine. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,771 students and an admission rate of 78%. Saint Joseph's College of Maine has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 6 students in 2008.
- Finance, bachelor's degree which graduated 3 students 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: Lewiston, Maine
Lewiston is located in Androscoggin County, Maine. It has a population of over 35,131, which has shrunk by 1.6% in the past ten years. The cost of living index in Lewiston, 93, is below the national average. New single-family homes in Lewiston are valued at $166,000 on average, which is below the state average. In 2008, thirty-two new homes were constructed in Lewiston, up from twenty-five the previous year.
The three big industries for women in Lewiston are health care, educational services, and finance and insurance. For men, it is construction, educational services, and accommodation and food services. The average travel time to work is about 19 minutes. More than 12.6% of Lewiston residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 4.0%, is lower than the state average.
The unemployment rate in Lewiston is 8.5%, which is greater than Maine's average of 7.6%. About 15.5% of Lewiston's residents are below the poverty line, which is worse than the state average.
The percentage of Lewiston residents that are affiliated with a religious congregation, 49.8%, is less than the national average but more than the state average. Holy Cross Catholic Church, Spirit of Fire Evangelistic Church and Amazing Grace Mission are some of the churches located in Lewiston. The most common religious groups are the Catholic Church, the American Baptist Churches in the USA and the United Methodist Church.
Lewiston is home to the Lewiston City Hall and the Stanton Museum as well as Thorncrag Bird Sanctuary and Elliot Little League Ball Fields. Shopping centers in the area include Shaws Plaza Center Shopping Center, North Wood Park Shopping Center and The Market Place Shopping Center. Visitors to Lewiston can choose from Motel 6, Maine Motel And Cabins and Dudley's for temporary stays in the area.