Career and Education Opportunities for Budget Analysts in Fargo, North Dakota
Budget analysts can find many career and educational opportunities in the Fargo, North Dakota area. There are currently 140 jobs for budget analysts in North Dakota and this is projected to grow 10% to about 150 jobs 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.
The income of a budget analyst is about $28 per hour or $58,630 yearly on average in North Dakota. In the U.S. as a whole, their income is about $31 hourly or $65,320 per year on average. Earnings for budget analysts are better than earnings in the general category of Accounting and Auditing in North Dakota and better than general Accounting and Auditing category earnings nationally. Budget analysts work in a variety of jobs, including: cost accountant, budget and policy analyst, and accountant.
The Fargo area is home to eight schools of higher education, including four within twenty-five miles of Fargo 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 Fargo 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.
- 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
North Dakota State University-Main Campus - Fargo, ND
North Dakota State University-Main Campus, 1301 12th Avenue North, Fargo, ND 58108-6050. North Dakota State University-Main Campus is a large university located in Fargo, North Dakota. It is a public school with primarily 4-year or above programs. It has 13,229 students and an admission rate of 80%. North Dakota State University-Main Campus has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 2 students in 2008.
- Finance, less than one year.
Concordia College at Moorhead - Moorhead, MN
Concordia College at Moorhead, 901 S 8th St, Moorhead, MN 56562. Concordia College at Moorhead is a small college located in Moorhead, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,823 students and an admission rate of 78%. Concordia College at Moorhead has a bachelor's degree program in Accounting which graduated three students in 2008.
Rasmussen College-Fargo - Fargo, ND
Rasmussen College-Fargo, 4012 19th Ave SW, Fargo, ND 58103-7196. Rasmussen College-Fargo is a small college located in Fargo, North Dakota. It is a private for-profit school with primarily 4-year or above programs and has 878 students. Rasmussen College-Fargo has one to two year, associate's degree, and bachelor's degree programs in Accounting which graduated two, thirty-eight, and zero students respectively in 2008.
Minnesota State University-Moorhead - Moorhead, MN
Minnesota State University-Moorhead, 1104 7th Ave S, Moorhead, MN 56563. Minnesota State University-Moorhead is a medium sized university located in Moorhead, Minnesota. It is a public school with primarily 4-year or above programs. It has 7,486 students and an admission rate of 80%. Minnesota State University-Moorhead has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 2 students in 2008.
- Finance, bachelor's degree which graduated 8 students in 2008.
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LOCATION INFORMATION: Fargo, North Dakota
Fargo is located in Cass County, North Dakota. It has a population of over 93,531, which has grown by 3.2% in the past ten years. The cost of living index in Fargo, 83, is well below the national average. New single-family homes in Fargo are priced at $139,800 on average, which is well below the state average. In 2008, four hundred four new homes were constructed in Fargo, down from four hundred forty-seven the previous year.
The top three industries for women in Fargo are health care, educational services, and finance and insurance. For men, it is construction, accommodation and food services, and educational services. The average commute to work is about 15 minutes. More than 34.4% of Fargo residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.5%, is higher than the state average.
The unemployment rate in Fargo is 3.5%, which is greater than North Dakota's average of 3.2%.
The percentage of Fargo residents that are affiliated with a religious congregation, 56.8%, is more than the national average but less than the state average. The most common religious groups are the Evangelical Lutheran Church in America, the Catholic Church and the United Methodist Church.
Fargo is home to the Elm Tree Square and the Market Square as well as Roosevelt Playground and Oak Grove Park. Shopping malls in the area include Valley North Mall, Northport Mall and West Acres Shopping Center. Visitors to Fargo can choose from Rodeway Inn Fargo, Wingate Inn and Sleep Inn Fargo for temporary stays in the area.