Career and Education Opportunities for Budget Analysts in Columbus, Ohio
For those living in the Columbus, Ohio area, there are many career and education opportunities for budget analysts. 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 about $31 hourly or $65,210 per year on average in Ohio and about $31 per hour or $65,320 yearly on average nationally. Compared with people working in the overall category of Accounting and Auditing, people working as budget analysts in Ohio earn more. They earn more than people working in the overall category of Accounting and Auditing nationally. Jobs in this field include: budget engineer, fiscal agent, and fiscal officer.
There are sixty-three schools of higher education in the Columbus area, including nine within twenty-five miles of Columbus where you can get a degree to start your career as a budget analyst. Budget analysts usually hold a Bachelor's degree, so you can expect to spend about four years studying 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 Columbus 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
Mount Vernon Nazarene University - Mount Vernon, OH
Mount Vernon Nazarene University, 800 Martinsburg Rd, Mount Vernon, OH 43050-9500. Mount Vernon Nazarene University is a small university located in Mount Vernon, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,558 students and an admission rate of 79%. Mount Vernon Nazarene University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree.
- Finance, bachelor's degree and master's degree which graduated one and zero students respectively in 2008.
Otterbein College - Westerville, OH
Otterbein College, One Otterbein College, Westerville, OH 43081. Otterbein College is a small college located in Westerville, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,131 students and an admission rate of 82%. Otterbein College has a bachelor's degree program in Accounting.
Ohio Dominican University - Columbus, OH
Ohio Dominican University, 1216 Sunbury Road, Columbus, OH 43219. Ohio Dominican University is a small university located in Columbus, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,117 students and an admission rate of 68%. Ohio Dominican University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree.
- Finance, bachelor's degree which graduated 1 student in 2008.
Capital University - Columbus, OH
Capital University, 1 College and Main, Columbus, OH 43209-2394. Capital University is a small university located in Columbus, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,632 students and an admission rate of 77%. Capital University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 14 students in 2008.
- Finance, bachelor's degree which graduated 7 students in 2008.
Ohio Wesleyan University - Delaware, OH
Ohio Wesleyan University, 61 S Sandusky Street, Delaware, OH 43015-2370. Ohio Wesleyan University is a small university located in Delaware, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,952 students and an admission rate of 64%. Ohio Wesleyan University has a bachelor's degree program in Accounting.
Central Ohio Technical College - Newark, OH
Central Ohio Technical College, 1179 University Drive, Newark, OH 43055-1767. Central Ohio Technical College is a small college located in Newark, Ohio. It is a public school with primarily 2-year programs and has 3,584 students. Central Ohio Technical College has an associate's degree program in Accounting which graduated eight students in 2008.
Franklin University - Columbus, OH
Franklin University, 201 S Grant Ave, Columbus, OH 43215-5399. Franklin University is a medium sized university located in Columbus, Ohio. It is a private not-for-profit school with primarily 4-year or above programs and has 7,823 students. Franklin University has 2 areas of study related to Budget Analyst. They are:
- Accounting, associate's degree and bachelor's degree which graduated thirteen and seven students respectively in 2008.
- Finance, associate's degree and bachelor's degree which graduated seven and five students respectively in 2008.
Everest Institute-Gahanna - Gahanna, OH
Everest Institute-Gahanna, 825 Tech Center Dr, Gahanna, OH 43230. Everest Institute-Gahanna is a small school located in Gahanna, Ohio. It is a private for-profit school with primarily less-than 2-year programs. It has 647 students and an admission rate of 61%. Everest Institute-Gahanna has a less than one year program in Accounting which graduated sixteen students in 2008.
Ohio State University-Main Campus - Columbus, OH
Ohio State University-Main Campus, 190 N. Oval Mall, Columbus, OH 43210. Ohio State University-Main Campus is a large university located in Columbus, Ohio. It is a public school with primarily 4-year or above programs. It has 53,715 students and an admission rate of 62%. Ohio State University-Main Campus has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree, master's degree, and doctor's degree which graduated forty-five, eighty-nine, and one students respectively in 2008.
- Finance, bachelor's degree which graduated 55 students in 2008.
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For more information, see the Dynamic Works Institute website.
LOCATION INFORMATION: Columbus, Ohio
Columbus is located in Franklin County, Ohio. It has a population of over 754,885, which has grown by 6.1% in the past ten years. The cost of living index in Columbus, 82, is well below the national average. New single-family homes in Columbus cost $169,200 on average, which is well below the state average. In 2008, six hundred eighty-six new homes were constructed in Columbus, down from 1,008 the previous year.
The three big industries for women in Columbus are health care, educational services, and finance and insurance. For men, it is accommodation and food services, professional, scientific, and technical services, and construction. The average travel time to work is about 22 minutes. More than 29.0% of Columbus residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.2%, is higher than the state average.
The unemployment rate in Columbus is 8.5%, which is less than Ohio's average of 10.0%.
The percentage of Columbus residents that are affiliated with a religious congregation, 37.6%, is less than both the national and state average. Hebrew Baptist Church, Heritage Temple Freewill Baptist Church and Higher Ground Always Abounding Assembly Church are all churches located in Columbus. The largest religious groups are the Catholic Church, the United Methodist Church and the Evangelical Lutheran Church in America.
Columbus is home to the Busch Corporate Center Industrial Park and the J C Penney Catalog Outlet Store as well as Nafzger Park and Lower Scioto Park. Shopping centers in the area include Indianola Shopping Center, Ohio Stater Mall Shopping Center and Shapter Shopping Center. Visitors to Columbus can choose from Drury Inn & Suites Convention Center, Best Western Clarmont Inn and Crowne Plaza Downtown for temporary stays in the area.