Career and Education Opportunities for Budget Analysts in Omaha, Nebraska
Budget analyst career and educational opportunities abound in Omaha, Nebraska. The national trend for budget analysts 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 $27 per hour or $56,560 annually on average in Nebraska. Nationally they average about $31 hourly or $65,320 per year. Incomes for budget analysts are better than in the overall category of Accounting and Auditing in Nebraska, and better than the overall Accounting and Auditing category nationally. Jobs in this field include: budget officer, chief financial officer , and budget examiner.
The Omaha area is home to thirty-one schools of higher education, including ten within twenty-five miles of Omaha where you can get a degree as a budget analyst. Budget analysts usually hold a Bachelor's degree, so 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 Omaha 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 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
Nebraska Wesleyan University - Lincoln, NE
Nebraska Wesleyan University, 5000 St Paul Ave, Lincoln, NE 68504-2794. Nebraska Wesleyan University is a small university located in Lincoln, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,081 students and an admission rate of 80%. Nebraska Wesleyan University has a bachelor's degree program in Accounting.
Creighton University - Omaha, NE
Creighton University, 2500 California Plaza, Omaha, NE 68178. Creighton University is a medium sized university located in Omaha, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,059 students and an admission rate of 79%. Creighton University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 4 students in 2008.
- Finance, bachelor's degree which graduated 21 students in 2008.
University of Nebraska at Omaha - Omaha, NE
University of Nebraska at Omaha, 6001 Dodge St, Omaha, NE 68182-0225. University of Nebraska at Omaha is a large university located in Omaha, Nebraska. It is a public school with primarily 4-year or above programs. It has 14,213 students and an admission rate of 84%. University of Nebraska at Omaha has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree and master's degree which graduated seventy-eight and eight students respectively in 2008.
- Finance, bachelor's degree which graduated 10 students in 2008.
Bellevue University - Bellevue, NE
Bellevue University, 1000 Galvin Rd S, Bellevue, NE 68005-3098. Bellevue University is a medium sized university located in Bellevue, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs and has 8,278 students. Bellevue University has a bachelor's degree program in Accounting which graduated thirty-six students in 2008.
Midland Lutheran College - Fremont, NE
Midland Lutheran College, 900 N. Clarkson, Fremont, NE 68025. Midland Lutheran College is a small college located in Fremont, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 801 students and an admission rate of 78%. Midland Lutheran College has a bachelor's degree program in Accounting which graduated seventeen students in 2008.
Dana College - Blair, NE
Dana College, 2848 College Dr, Blair, NE 68008. Dana College is a small college located in Blair, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 565 students and an admission rate of 71%. Dana College has a bachelor's degree program in Accounting which graduated one student in 2008.
Metropolitan Community College Area - Omaha, NE
Metropolitan Community College Area, 30 & Fort Street, Omaha, NE 68111-1610. Metropolitan Community College Area is a large college located in Omaha, Nebraska. It is a public school with primarily 2-year programs and has 15,055 students. Metropolitan Community College Area has an associate's degree program in Accounting which graduated thirty-eight students in 2008.
Kaplan University-Omaha Campus - Omaha, NE
Kaplan University-Omaha Campus, 5417 N. 103rd St., Omaha, NE 68134-1002. Kaplan University-Omaha Campus is a small university located in Omaha, Nebraska. It is a private for-profit school with primarily 4-year or above programs and has 1,126 students. Kaplan University-Omaha Campus has an associate's degree program in Accounting which graduated three students in 2008.
Doane College-Lincoln Grand Island and Master - Lincoln, NE
Doane College-Lincoln Grand Island and Master, 303 N 52nd St, Lincoln, NE 68504. Doane College-Lincoln Grand Island and Master is a small college located in Lincoln, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs and has 1,651 students. Doane College-Lincoln Grand Island and Master has a bachelor's degree program in Accounting which graduated fourteen students in 2008.
Iowa Western Community College - Council Bluffs, IA
Iowa Western Community College, 2700 College Rd, Council Bluffs, IA 51502-3004. Iowa Western Community College is a medium sized college located in Council Bluffs, Iowa. It is a public school with primarily 2-year programs and has 5,642 students. Iowa Western Community College has a one to two year and an associate's degree program in Accounting which graduated two and four students respectively in 2008.
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LOCATION INFORMATION: Omaha, Nebraska
Omaha is located in Douglas County, Nebraska. It has a population of over 438,646, which has grown by 12.5% in the past ten years. The cost of living index in Omaha, 81, is well below the national average. New single-family homes in Omaha are valued at $105,100 on average, which is far less than the state average. In 2008, 1,576 new homes were built in Omaha, down from 1,905 the previous year.
The three big industries for women in Omaha are health care, educational services, and finance and insurance. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average commute to work is about 18 minutes. More than 28.7% of Omaha residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.0%, is higher than the state average.
The unemployment rate in Omaha is 4.7%, which is greater than Nebraska's average of 4.5%.
The percentage of Omaha residents that are affiliated with a religious congregation, 54.5%, is more than the national average but less than the state average. Calvary Baptist Church, Calvary Chapel of Omaha and Calvary Foursquare Gospel Church are all churches located in Omaha. The most common religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the Lutheran Church.
Omaha is home to the Gibson and the Cedar Hills Golf Course as well as Al Caniglia Field and Adams Park. Shopping malls in the area include Frederick Square Shopping Center, North Park Shopping Center and Oak View Mall. Visitors to Omaha can choose from Countryside Suites, Hampton Inn Omaha-Central and Townhouse Inn for temporary stays in the area.