Career and Education Opportunities for Budget Analysts in Columbia, South Carolina
For those living in the Columbia, South Carolina area, there are many career and education opportunities for budget analysts. There are currently 400 working budget analysts in South Carolina; this should grow by 6% to 420 working budget analysts in the state 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.
Budget analysts earn approximately $27 per hour or $56,900 per year on average in South Carolina. Nationally they average about $31 per hour or $65,320 per year. Compared with people working in the overall category of Accounting and Auditing, people working as budget analysts in South Carolina earn more. They earn more than people working in the overall category of Accounting and Auditing nationally. Jobs in this field include: budget examiner, budget officer, and budget coordinator.
There are six schools within twenty-five miles of Columbia where you can study to be a budget analyst, among twenty schools of higher education total in the Columbia area. 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 Columbia 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.
- Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- 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
University of South Carolina-Columbia - Columbia, SC
University of South Carolina-Columbia, , Columbia, SC 29208. University of South Carolina-Columbia is a large university located in Columbia, South Carolina. It is a public school with primarily 4-year or above programs. It has 27,500 students and an admission rate of 59%. University of South Carolina-Columbia has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree and master's degree which graduated ten and fifty-three students respectively in 2008.
- Finance, bachelor's degree which graduated 44 students in 2008.
Columbia College - Columbia, SC
Columbia College, 1301 Columbia College Dr, Columbia, SC 29203. Columbia College is a small college located in Columbia, South Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,405 students and an admission rate of 77%. Columbia College has a bachelor's degree program in Accounting which graduated one student in 2008.
South University - Columbia, SC
South University, 9 Science Court, Columbia, SC 29203. South University is a small university located in Columbia, South Carolina. It is a private for-profit school with primarily 4-year or above programs. It has 1,099 students and an admission rate of 60%. South University has an associate's degree program in Accounting which graduated one student in 2008.
Midlands Technical College - West Columbia, SC
Midlands Technical College, 1260 Lexington Drive, West Columbia, SC 29170-2176. Midlands Technical College is a large college located in West Columbia, South Carolina. It is a public school with primarily 2-year programs and has 11,157 students. Midlands Technical College has an associate's degree program in Accounting which graduated forty-three students in 2008.
Orangeburg Calhoun Technical College - Orangeburg, SC
Orangeburg Calhoun Technical College, 3250 Saint Matthews Rd, Orangeburg, SC 29118-8299. Orangeburg Calhoun Technical College is a small college located in Orangeburg, South Carolina. It is a public school with primarily 2-year programs and has 2,605 students. Orangeburg Calhoun Technical College has a less than one year and an associate's degree program in Accounting which graduated two and fifteen students respectively in 2008.
Benedict College - Columbia, SC
Benedict College, 1600 Harden Street, Columbia, SC 29204-1086. Benedict College is a small college located in Columbia, South Carolina. It is a private not-for-profit school with primarily 4-year or above programs and has 2,892 students. Benedict College has a bachelor's degree program in Accounting which graduated sixteen students in 2008.
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LOCATION INFORMATION: Columbia, South Carolina
Columbia is located in Richland County, South Carolina. It has a population of over 127,029, which has grown by 9.2% over the last ten years. The cost of living index in Columbia, 86, is well below the national average. New single-family homes in Columbia cost $142,700 on average, which is well below the state average. In 2008, four hundred thirty-four new homes were built in Columbia, down from seven hundred the previous year.
The three most popular industries for women in Columbia are educational services, health care, and public administration. For men, it is educational services, public administration, and accommodation and food services. The average commute to work is about 18 minutes. More than 35.7% of Columbia residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 14.3%, is higher than the state average.
The unemployment rate in Columbia is 16.1%, which is greater than South Carolina's average of 12.0%.
The percentage of Columbia residents that are affiliated with a religious congregation, 41.6%, is less than both the national and state average. Progressive Church, Bishop Memorial African Methodist Episcopal Church and Lutheran Seminary are among the churches located in Columbia. The largest religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.
Columbia is home to the Booker T Washington Center and the Longstreet Annex as well as Irwin Park and Columbia Historic District II. Shopping centers in the area include Five Points Shopping Center, Market Place Shopping Center and Columbiana Centre Shopping Center. Visitors to Columbia can choose from Marriott Columbia, Hampton Inn Columbia-SE-Fort Jackson and Embassy Suites Hotel for temporary stays in the area.