Career and Education Opportunities for Budget Analysts in Jackson, Mississippi
Budget analysts can find both educational opportunities and jobs in the Jackson, Mississippi area. There are currently 240 jobs for budget analysts in Mississippi and this is projected to grow 11% to 260 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%. Budget analysts generally examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
The income of a budget analyst is about $26 hourly or $55,450 per year on average in Mississippi. In the U.S. as a whole, their income is about $31 hourly or $65,320 annually on average. Budget analysts earn more than people working in the category of Accounting and Auditing generally in Mississippi and more than people in the Accounting and Auditing category nationally. Budget analysts work in a variety of jobs, including: budget manager, cost accountant, and controller.
There are seventeen schools of higher education in the Jackson area, including four within twenty-five miles of Jackson 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. It will take about four years to learn to be 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 Jackson 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 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
Jackson State University - Jackson, MS
Jackson State University, 1440 J R Lynch St, Jackson, MS 39217. Jackson State University is a medium sized university located in Jackson, Mississippi. It is a public school with primarily 4-year or above programs. It has 8,530 students and an admission rate of 36%. Jackson State University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree and master's degree which graduated fifty-six and fifteen students respectively in 2008.
- Finance, bachelor's degree which graduated 18 students in 2008.
Millsaps College - Jackson, MS
Millsaps College, 1701 N State St, Jackson, MS 39210-0001. Millsaps College is a small college located in Jackson, Mississippi. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,118 students and an admission rate of 77%. Millsaps College has a bachelor's degree and a master's degree program in Accounting which graduated zero and sixteen students respectively in 2008.
Belhaven College - Jackson, MS
Belhaven College, 1500 Peachtree St, Jackson, MS 39202. Belhaven College is a small college located in Jackson, Mississippi. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,583 students and an admission rate of 61%. Belhaven College has a one to two year and a bachelor's degree program in Accounting which graduated zero and two students respectively in 2008.
Mississippi College - Clinton, MS
Mississippi College, 200 South Capitol Street, Clinton, MS 39058. Mississippi College is a small college located in Clinton, Mississippi. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,788 students and an admission rate of 62%. Mississippi College has a bachelor's degree program in Accounting which graduated forty-two students in 2008.
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LOCATION INFORMATION: Jackson, Mississippi
Jackson is situated in Hinds County, Mississippi. It has a population of over 173,861, which has shrunk by 5.6% in the past ten years. The cost of living index in Jackson, 83, is well below the national average. New single-family homes in Jackson cost $101,700 on average, which is well below the state average. In 2008, four hundred fifty-six new homes were built in Jackson, up from two hundred twenty-three the previous year.
The three big industries for women in Jackson are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and educational services. The average travel time to work is about 20 minutes. More than 27.1% of Jackson residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.2%, is higher than the state average.
The unemployment rate in Jackson is 9.2%, which is less than Mississippi's average of 9.5%.
The percentage of Jackson residents that are affiliated with a religious congregation, 55.4%, is more than both the national and state average. Bibleway Baptist Church, Saint Johns Missionary Baptist Church and Saint John Deliverance Temple Number 2 are some of the churches located in Jackson. The most common religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.
Jackson is home to the Riverhills Country Club and the Colonial Country Club as well as Smith-Wills Stadium and Lefleurs Bluff State Park. Shopping malls in the area include North Terry Road Shopping Center, Northside Shopping Center and Northtown Village Shopping Center. Visitors to Jackson can choose from Days Inn-Coliseum, Econo Lodge and Regal Sales Office for temporary stays in the area.