Career and Education Opportunities for Budget Analysts in Charleston, South Carolina
Budget analyst career and educational opportunities abound in Charleston, South Carolina. There are currently 400 jobs for budget analysts in South Carolina and this is projected to grow 6% to 420 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. Budget analysts generally examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
Income for budget analysts is about $27 per hour or $56,900 annually on average in South Carolina. Nationally, their income is about $31 hourly or $65,320 yearly. Incomes for budget analysts are better than in the overall category of Accounting and Auditing in South Carolina, and better than the overall Accounting and Auditing category nationally. Jobs in this field include: accountant, accounting supervisor, and budget manager.
There are fourteen schools of higher education in the Charleston area, including four within twenty-five miles of Charleston 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 Charleston 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
Charleston Southern University - Charleston, SC
Charleston Southern University, 9200 University Blvd, Charleston, SC 29410-8087. Charleston Southern University is a small university located in Charleston, South Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,201 students and an admission rate of 62%. Charleston Southern University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 11 students in 2008.
- Finance, bachelor's degree which graduated 1 student in 2008.
Miller-Motte Technical College - North Charleston, SC
Miller-Motte Technical College, 8085 Rivers Ave-Ste E, North Charleston, SC 29406. Miller-Motte Technical College is a small college located in North Charleston, South Carolina. It is a private for-profit school with primarily 2-year programs. It has 815 students and an admission rate of 83%. Miller-Motte Technical College has an associate's degree program in Accounting which graduated two students in 2008.
College of Charleston - Charleston, SC
College of Charleston, 66 George St, Charleston, SC 29424-0001. College of Charleston is a large college located in Charleston, South Carolina. It is a public school with primarily 4-year or above programs. It has 11,300 students and an admission rate of 65%. College of Charleston has a bachelor's degree and a master's degree program in Accounting which graduated six and thirty-one students respectively in 2008.
Trident Technical College - Charleston, SC
Trident Technical College, 7000 Rivers Avenue, Charleston, SC 29423-8067. Trident Technical College is a large college located in Charleston, South Carolina. It is a public school with primarily 2-year programs and has 12,758 students. Trident Technical College has a less than one year and an associate's degree program in Accounting which graduated forty and twenty-one students respectively in 2008.
Fiscal Services - Accelerated Package: Fiscal Services - Accelerated Package course list: Better Requests for Proposals for Better Projects; Continuous Improvement Through Monitoring; Contracting; New Coding System for the 21st Century; Procurement; and Writing Winning Grant Proposals.
For more information, see the Dynamic Works Institute website.
LOCATION INFORMATION: Charleston, South Carolina
Charleston is situated in Charleston County, South Carolina. It has a population of over 111,978, which has grown by 15.9% over the last ten years. The cost of living index in Charleston, 94, is below the national average. New single-family homes in Charleston cost $157,600 on average, which is below the state average. In 2008, five hundred eight new homes were built in Charleston, down from eight hundred seventy-eight the previous year.
The top three industries for women in Charleston are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and professional, scientific, and technical services. The average commute to work is about 20 minutes. More than 37.5% of Charleston residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 13.9%, is higher than the state average.
The unemployment rate in Charleston is 10.5%, which is less than South Carolina's average of 12.0%.
The percentage of Charleston residents that are affiliated with a religious congregation, 42.7%, is less than both the national and state average. Plymouth Congregational Church, Lutheran Church of the Redeemer and Holy Trinity Episcopal Church are among the churches located in Charleston. The largest religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.
Charleston is home to the United State Department of Agriculture and the The Center as well as Harmon Field and Stoney Field. Shopping malls in the area include Church Creek Plaza Shopping Center, Citadel Mall Shopping Center and South Windermere Shopping Center. Visitors to Charleston can choose from French Quarter Inn, Fulton Lane Inn and Budget Inn for temporary stays in the area.