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Career and Education Opportunities for Budget Analysts in New Mexico

New Mexico has a population of 2,009,671, which has grown by 10.48% over the past decade. Nicknamed the "The Land of Enchantment," its capital is Santa Fe, though its biggest city is Albuquerque.

There are currently 650 jobs for budget analysts in New Mexico and this is projected to grow by 17% to about 760 jobs by 2016. This is better than 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.

The income of a budget analyst is about $27 hourly or $57,970 yearly on average in New Mexico. In the U.S. as a whole, their income is about $31 hourly or $65,320 annually on average. Earnings for budget analysts are better than earnings in the general category of Accounting and Auditing in New Mexico and better than general Accounting and Auditing category earnings nationally. Jobs in this field include: budget manager, fiscal officer, and financial analyst.

In 2008, there were a total of 1,117,433 jobs in New Mexico. The average annual income was $33,389 in 2008, up from $32,093 in 2007. The unemployment rate in New Mexico was 7.2% in 2009, which has grown by 2.7% since the previous year. Approximately 23.5% of New Mexico residents have college degrees, which is lower than the national average.

The top industries in New Mexico include casinos (except casino hotels), other nonmetallic mineral mining, and all other miscellaneous ambulatory health care services. Notable tourist attractions include the Albuquerque City Government, the Flowers by ZACH, and the LA Fonda Del Bosque.

CITIES WITH Budget Analyst OPPORTUNITIES IN New Mexico


JOB 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.

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.

Similar jobs with educational opportunities in New Mexico 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.

LOCATION INFORMATION: New Mexico

New Mexico
New Mexico photo by karol m

New Mexico has a population of 2,009,671, which has grown by 10.48% over the past decade. Nicknamed the "The Land of Enchantment," its capital is Santa Fe, though its largest city is Albuquerque. In 2008, there were a total of 1,117,433 jobs in New Mexico. The average annual income was $33,389 in 2008, up from $32,093 the preceding year. The unemployment rate in New Mexico was 7.2% in 2009, which has grown by 2.7% since the previous year. About 23.5% of New Mexico residents have college degrees, which is lower than the national average.

The top industries in New Mexico include casinos (except casino hotels), other nonmetallic mineral mining, and all other miscellaneous ambulatory health care services. Notable tourist destinations include the Albuquerque City Government, the Flowers by ZACH, and the Rattlesnake Museum & Gift Shop.