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Career and Education Opportunities for Budget Analysts in Cambridge, Massachusetts

There is a wide variety of career and education opportunities for budget analysts in the Cambridge, Massachusetts area. There are currently 1,850 working budget analysts in Massachusetts; this should grow by 9% to about 2,010 working budget analysts in the state by 2016. 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. In general, budget analysts examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.

Income for budget analysts is about $32 per hour or $68,260 annually on average in Massachusetts. Nationally, their income is about $31 hourly or $65,320 yearly. Earnings for budget analysts are better than earnings in the general category of Accounting and Auditing in Massachusetts and better than general Accounting and Auditing category earnings nationally. Budget analysts work in a variety of jobs, including: budget examiner, accounting supervisor, and fiscal agent.

There are 149 schools of higher education in the Cambridge area, including thirty-one within twenty-five miles of Cambridge where you can get a degree to start your career as a budget analyst. The most common level of education 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 Cambridge 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

Bentley University - Waltham, MA

Bentley University, 175 Forest St, Waltham, MA 02452-4705. Bentley University is a medium sized university located in Waltham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,675 students and an admission rate of 38%. Bentley University has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree, postbaccalaureate certificate, master's degree, and post-master's certificate which graduated 138, eight, 108, and one students respectively in 2008.
  • Finance, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated 203, zero, and ninety students respectively in 2008.

Gibbs College-Boston - Boston, MA

Gibbs College-Boston, 126 Newbury Street, Boston, MA 02116. Gibbs College-Boston is a small college located in Boston, Massachusetts. It is a private for-profit school with primarily 2-year programs and has 264 students. Gibbs College-Boston has an associate's degree program in Accounting.

Stonehill College - Easton, MA

Stonehill College, 320 Washington Street, Easton, MA 02357-6110. Stonehill College is a small college located in Easton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,426 students and an admission rate of 45%. Stonehill College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, one to two year, bachelor's degree, and master's degree which graduated two, zero, and seven students respectively in 2008.
  • Finance, bachelor's degree.

Quinsigamond Community College - Worcester, MA

Quinsigamond Community College, 670 West Boylston Street, Worcester, MA 01606-2092. Quinsigamond Community College is a medium sized college located in Worcester, Massachusetts. It is a public school with primarily 2-year programs and has 7,227 students. Quinsigamond Community College has a one to two year program in Accounting which graduated one student in 2008.

Brandeis University - Waltham, MA

Brandeis University, 415 South St, Waltham, MA 02454-9110. Brandeis University is a medium sized university located in Waltham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,347 students and an admission rate of 34%. Brandeis University has a master's degree program in Finance which graduated twenty-two students in 2008.

Bay State College - Boston, MA

Bay State College, 122 Commonwealth Avenue, Boston, MA 02116. Bay State College is a small college located in Boston, Massachusetts. It is a private for-profit school with primarily 4-year or above programs. It has 732 students and an admission rate of 78%. Bay State College has an associate's degree program in Accounting.

Massasoit Community College - Brockton, MA

Massasoit Community College, One Massasoit Boulevard, Brockton, MA 02302-3996. Massasoit Community College is a medium sized college located in Brockton, Massachusetts. It is a public school with primarily 2-year programs and has 7,394 students. Massasoit Community College has an associate's degree program in Accounting which graduated sixteen students in 2008.

Fisher College - Boston, MA

Fisher College, 118 Beacon St, Boston, MA 02116. Fisher College is a small college located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,262 students and an admission rate of 62%. Fisher College has an associate's degree program in Accounting which graduated eleven students in 2008.

Gordon College - Wenham, MA

Gordon College, 255 Grapevine Rd, Wenham, MA 01984. Gordon College is a small college located in Wenham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,700 students and an admission rate of 71%. Gordon College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree which graduated 8 students in 2008.
  • Finance, bachelor's degree which graduated 2 students in 2008.

Salem State College - Salem, MA

Salem State College, 352 Lafayette St, Salem, MA 01970. Salem State College is a large college located in Salem, Massachusetts. It is a public school with primarily 4-year or above programs. It has 10,168 students and an admission rate of 58%. Salem State College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, less than one year and bachelor's degree which graduated zero and forty-five students respectively in 2008.
  • Finance, bachelor's degree which graduated 27 students in 2008.

Salter College-West Boylston - West Boylston, MA

Salter College-West Boylston, 184 West Boylston Suite # 1, West Boylston, MA 01583. Salter College-West Boylston is a small college located in West Boylston, Massachusetts. It is a private for-profit school with primarily 2-year programs and has 852 students. Salter College-West Boylston has a one to two year and an associate's degree program in Accounting which graduated eighteen and four students respectively in 2008.

Fitchburg State College - Fitchburg, MA

Fitchburg State College, 160 Pearl St, Fitchburg, MA 01420-2697. Fitchburg State College is a medium sized college located in Fitchburg, Massachusetts. It is a public school with primarily 4-year or above programs. It has 6,400 students and an admission rate of 66%. Fitchburg State College has a master's degree program in Accounting which graduated two students in 2008.

Northeastern University - Boston, MA

Northeastern University, 360 Huntington Ave, Boston, MA 02115-5000. Northeastern University is a large university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 25,368 students and an admission rate of 35%. Northeastern University has 2 areas of study related to Budget Analyst. They are:

  • Accounting, associate's degree, two to four year, bachelor's degree, and master's degree which graduated five, two, zero, and 112 students respectively in 2008.
  • Finance, associate's degree, bachelor's degree, and master's degree which graduated three, zero, and twenty students respectively in 2008.

Merrimack College - North Andover, MA

Merrimack College, 315 Turnpike St, North Andover, MA 01845. Merrimack College is a small college located in North Andover, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,154 students and an admission rate of 79%. Merrimack College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree which graduated 1 student in 2008.
  • Finance, bachelor's degree which graduated 28 students in 2008.

Suffolk University - Boston, MA

Suffolk University, 8 Ashburton Pl Beacon Hill, Boston, MA 02108-2770. Suffolk University is a medium sized university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,783 students and an admission rate of 82%. Suffolk University has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated four, five, and zero students respectively in 2008.
  • Finance, bachelor's degree, postbaccalaureate certificate, master's degree, and post-master's certificate which graduated thirteen, zero, zero, and zero students respectively in 2008.

Massachusetts Bay Community College - Wellesley Hills, MA

Massachusetts Bay Community College, 50 Oakland St, Wellesley Hills, MA 02481-5399. Massachusetts Bay Community College is a medium sized college located in Wellesley Hills, Massachusetts. It is a public school with primarily 2-year programs and has 4,975 students. Massachusetts Bay Community College has an associate's degree program in Accounting which graduated nine students in 2008.

Northern Essex Community College - Haverhill, MA

Northern Essex Community College, 100 Elliott Street, Haverhill, MA 01830-2399. Northern Essex Community College is a medium sized college located in Haverhill, Massachusetts. It is a public school with primarily 2-year programs and has 7,020 students. Northern Essex Community College has an associate's degree program in Accounting which graduated twenty-one students in 2008.

Assumption College - Worcester, MA

Assumption College, 500 Salisbury St, Worcester, MA 01609-1296. Assumption College is a small college located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,888 students and an admission rate of 71%. Assumption College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, less than one year, associate's degree, and bachelor's degree which graduated four, zero, and two students respectively in 2008.
  • Finance, bachelor's degree which graduated 1 student in 2008.

Newbury College-Brookline - Brookline, MA

Newbury College-Brookline, 129 Fisher Ave, Brookline, MA 02445. Newbury College-Brookline is a small college located in Brookline, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs and has 1,042 students. Newbury College-Brookline has 2 areas of study related to Budget Analyst. They are:

  • Accounting, less than one year, associate's degree, and bachelor's degree which graduated zero, zero, and sixteen students respectively in 2008.
  • Finance, associate's degree and bachelor's degree which graduated zero and three students respectively in 2008.

Clark University - Worcester, MA

Clark University, 950 Main St, Worcester, MA 01610-1477. Clark University is a small university located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,330 students and an admission rate of 56%. Clark University has a master's degree program in Finance which graduated thirty-nine students in 2008.

Atlantic Union College - South Lancaster, MA

Atlantic Union College, 338 Main St, South Lancaster, MA 01561-1000. Atlantic Union College is a small college located in South Lancaster, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs and has 384 students. Atlantic Union College has an associate's degree and a bachelor's degree program in Accounting which graduated zero and one students respectively in 2008.

Nichols College - Dudley, MA

Nichols College, Center Rd, Dudley, MA 01571-5000. Nichols College is a small college located in Dudley, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,520 students and an admission rate of 65%. Nichols College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree which graduated 1 student in 2008.
  • Finance, bachelor's degree which graduated 8 students in 2008.

Nashua Community College - Nashua, NH

Nashua Community College, 505 Amherst St, Nashua, NH 03063-1026. Nashua Community College is a small college located in Nashua, New Hampshire. It is a public school with primarily 2-year programs and has 1,925 students. Nashua Community College has a less than one year and an associate's degree program in Accounting which graduated two and twelve students respectively in 2008.

Babson College - Wellesley, MA

Babson College, Babson Park, Wellesley, MA 02457-0310. Babson College is a small college located in Wellesley, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,437 students and an admission rate of 35%. Babson College has a master's degree program in Accounting which graduated twenty students in 2008.

Quincy College - Quincy, MA

Quincy College, 24 Saville Ave, Quincy, MA 02169. Quincy College is a small college located in Quincy, Massachusetts. It is a public school with primarily 2-year programs and has 4,080 students. Quincy College has an associate's degree program in Accounting which graduated eighteen students in 2008.

Simmons College - Boston, MA

Simmons College, 300 The Fenway, Boston, MA 02115-5898. Simmons College is a small college located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,933 students and an admission rate of 55%. Simmons College has a bachelor's degree program in Finance.

Boston College - Chestnut Hill, MA

Boston College, 140 Commonwealth Ave, Chestnut Hill, MA 02467. Boston College is a large college located in Chestnut Hill, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,623 students and an admission rate of 26%. Boston College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, bachelor's degree and master's degree which graduated fifty-six and seventy-six students respectively in 2008.
  • Finance, bachelor's degree, master's degree, and doctor's degree which graduated sixty-two, seventy-two, and five students respectively in 2008.

University of Massachusetts-Boston - Boston, MA

University of Massachusetts-Boston, 100 Morrissey Blvd, Boston, MA 02125-3393. University of Massachusetts-Boston is a large university located in Boston, Massachusetts. It is a public school with primarily 4-year or above programs. It has 14,117 students and an admission rate of 63%. University of Massachusetts-Boston has a master's degree program in Accounting which graduated thirty-four students in 2008.

Lasell College - Newton, MA

Lasell College, 1844 Commonwealth Ave, Newton, MA 02466-2716. Lasell College is a small college located in Newton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,484 students and an admission rate of 61%. Lasell College 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 1 student in 2008.

Bunker Hill Community College - Boston, MA

Bunker Hill Community College, 250 New Rutherford Ave, Boston, MA 02129-2925. Bunker Hill Community College is a medium sized college located in Boston, Massachusetts. It is a public school with primarily 2-year programs and has 9,500 students. Bunker Hill Community College has 2 areas of study related to Budget Analyst. They are:

  • Accounting, less than one year and associate's degree which graduated one and twenty-seven students respectively in 2008.
  • Finance, associate's degree which graduated 9 students in 2008.

Boston University - Boston, MA

Boston University, One Silber Way, Boston, MA 02215. Boston University is a large university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 31,669 students and an admission rate of 59%. Boston University has a bachelor's degree program in Accounting.

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: Cambridge, Massachusetts

Cambridge, Massachusetts
Cambridge, Massachusetts photo by Scs

Cambridge is located in Middlesex County, Massachusetts. It has a population of over 105,596, which has grown by 4.2% in the past ten years. The cost of living index in Cambridge, 142, is far greater than the national average. New single-family homes in Cambridge are priced at $1,078,700 on average, which is far greater than the state average. In 2008, twelve new homes were constructed in Cambridge, down from twenty-five the previous year.

The top three industries for women in Cambridge are educational services, professional, scientific, and technical services, and health care. For men, it is educational services, professional, scientific, and technical services, and health care. The average travel time to work is about 24 minutes. More than 65.1% of Cambridge residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 38.5%, is higher than the state average.

The unemployment rate in Cambridge is 5.6%, which is less than Massachusetts's average of 8.4%.

The percentage of Cambridge residents that are affiliated with a religious congregation, 73.6%, is more than both the national and state average. Western Avenue Baptist Church, Massachusetts Institute of Technology Chapel and Cambridgeport Baptist Church are some of the churches located in Cambridge. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.

Cambridge is home to the Great Court and the Cutter Square as well as John A Ahern Field and Sheridan Square. Shopping malls in the area include Porter Square Shopping Center, The Atrium Shopping Center and Cambridgeside Galleria Shopping Center.