Career and Education Opportunities for Budget Analysts in Huntington, West Virginia
Many educational and employment opportunities exist for budget analysts in the Huntington, West Virginia area. 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 approximately $24 per hour or $50,120 yearly on average in West Virginia. Nationally they average about $31 per hour or $65,320 annually. Earnings for budget analysts are better than earnings in the general category of Accounting and Auditing in West Virginia and better than general Accounting and Auditing category earnings nationally. Budget analysts work in a variety of jobs, including: controller, budget manager, and budget examiner.
The Huntington area is home to seventeen schools of higher education, including seven within twenty-five miles of Huntington 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 Huntington 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 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
Shawnee State University - Portsmouth, OH
Shawnee State University, 940 Second St, Portsmouth, OH 45662. Shawnee State University is a small university located in Portsmouth, Ohio. It is a public school with primarily 4-year or above programs and has 3,976 students. Shawnee State University has an associate's degree program in Accounting which graduated five students in 2008.
Gallipolis Career College - Gallipolis, OH
Gallipolis Career College, 1176 Jackson Pke, Suite 312, Gallipolis, OH 45631-2600. Gallipolis Career College is a small college located in Gallipolis, Ohio. It is a private for-profit school with primarily 2-year programs and has 140 students. Gallipolis Career College has a one to two year and an associate's degree program in Accounting which graduated zero and four students respectively in 2008.
Daymar College - New Boston, OH
Daymar College, 3879 Rhodes Ave., New Boston, OH 45662-4900. Daymar College is a small college located in New Boston, Ohio. It is a private for-profit school with primarily 2-year programs and has 121 students. Daymar College has an associate's degree program in Accounting.
Marshall University - Huntington, WV
Marshall University, 1 John Marshall Dr, Huntington, WV 25755. Marshall University is a large university located in Huntington, West Virginia. It is a public school with primarily 4-year or above programs. It has 13,656 students and an admission rate of 87%. Marshall University has 2 areas of study related to Budget Analyst. They are:
- Accounting, bachelor's degree which graduated 42 students in 2008.
- Finance, bachelor's degree which graduated 35 students in 2008.
Southern West Virginia Community and Technical College - Mount Gay, WV
Southern West Virginia Community and Technical College, Dempsey Branch Road, Mount Gay, WV 25637. Southern West Virginia Community and Technical College is a small college located in Mount Gay, West Virginia. It is a public school with primarily 2-year programs and has 2,258 students. Southern West Virginia Community and Technical College has an associate's degree program in Accounting which graduated thirteen students in 2008.
Marshall Community and Technical College - Huntington, WV
Marshall Community and Technical College, 1 John Marshall Way, Huntington, WV 25755. Marshall Community and Technical College is a small college located in Huntington, West Virginia. It is a public school with primarily 2-year programs and has 2,533 students. Marshall Community and Technical College has an associate's degree program in Finance which graduated three students in 2008.
Huntington Junior College - Huntington, WV
Huntington Junior College, 900 Fifth Ave, Huntington, WV 25701. Huntington Junior College is a small college located in Huntington, West Virginia. It is a private for-profit school with primarily 2-year programs and has 774 students. Huntington Junior College has an associate's degree program in Accounting which graduated four students 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: Huntington, West Virginia
Huntington is situated in Cabell County, West Virginia. It has a population of over 49,185, which has shrunk by 4.4% over the last ten years. The cost of living index in Huntington, 84, is well below the national average. New single-family homes in Huntington cost $195,100 on average, which is far greater than the state average. In 2008, sixteen new homes were built in Huntington, down from thirty-five the previous year.
The top three industries for women in Huntington are health care, educational services, and accommodation and food services. For men, it is health care, educational services, and construction. The average travel time to work is about 18 minutes. More than 22.4% of Huntington residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 9.8%, is higher than the state average.
The unemployment rate in Huntington is 7.7%, which is the same as West Virginia's average of 7.7%. About 24.7% of Huntington's residents are below the poverty line, which is worse than the state average.
The percentage of Huntington residents that are affiliated with a religious congregation, 42.7%, is less than the national average but more than the state average. Glorious Church of God in Christ, South Side United Methodist Church and Good Samaritan United Methodist Church are some of the churches located in Huntington. The largest religious groups are the American Baptist Churches in the USA, the United Methodist Church and the Catholic Church.
Huntington is home to the Northcott Hall and the Foster Memorial Home as well as Holderby Commons and United States Post Office and Courthouse Historic District. Shopping malls in the area include Westland Plaza Shopping Center, Fairfield Plaza Shopping Center and Huntington Plaza Shopping Center. Visitors to Huntington can choose from Super 8, Cabell Huntington Hospital and Garden Park for temporary stays in the area.