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Budget Analysts evaluate budget proposals to determine the optimal allocation of project funds. They are also responsible for reviewing budget proposals and requests for funding, evaluating spending needs and conducting cost-benefit analyses.
Min: £20,000.00 Max: £91,000.00
Average Budget Analyst Salary in UK : £44,919.97
Read about Budget Analyst salaries, related jobs and salary information across the UK
Budget Analyst Salary data from the ONS
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Recommended Budget Analyst Jobs in UK
Average Salary for Budget Analyst compared to similar jobs
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| Production Analyst Salary in UK | £36,175.89 |
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| Operations Support Analyst Salary in UK | £41,365.72 |
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| Business Operations Analyst Salary in UK | £43,435.83 |
Salary by Region
Compare Budget Analyst salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £33,269.80 |
| Wales | £28,500.69 |
| East Midlands | £25,660.00 |
| Eastern | £70,869.60 |
| London | £48,164.16 |
| North West | £36,108.17 |
| South East | £41,900.62 |
| South West | £54,910.50 |
| West Midlands | £32,992.31 |
| Yorkshire and the Humber | £34,800.00 |
Annual Job Ads by Region
Understanding the Average Budget Analyst Salary in the UK
As a Budget Analyst in the UK, it is important to have a clear understanding of the average salary in this field. According to average Information Technology (IT) salaries, the average salary for a Budget Analyst in the UK is £44,900 per year. This figure can vary depending on factors such as experience, qualifications, and location.
Salary Expectations for Newly Qualified Budget Analyst
If you are a newly qualified Budget Analyst, you may be wondering what salary you can expect. To get a better idea, it is recommended to explore the current job market through a job search. This will give you an insight into the salary range for entry-level positions in the UK. On average, newly qualified Budget Analysts can expect a salary between £20,000 and £91,000 per year.
Salaries for Experienced Budget Analyst
For experienced Budget Analysts in the UK, the salary range tends to be higher. With a proven track record and extensive knowledge in budget analysis, you can expect to earn a higher salary compared to those who are just starting out. The exact salary will depend on various factors, including your level of experience, the size of the company you work for, and your location within the UK.
Creating a Budget Analyst CV
When applying for a Budget Analyst position, it is crucial to have a well-crafted CV that highlights your skills and experience in this field. To help you create an impressive CV, you can use a CV template specifically designed for Budget Analysts. This template will guide you in showcasing your qualifications, achievements, and relevant work experience to potential employers.
Career Development Opportunities for Budget Analyst
As a Budget Analyst, there are numerous career development opportunities available to you. Whether you want to specialize in a specific industry or advance to a managerial position, it is important to stay updated with the latest trends and skills in budget analysis. You can find valuable career advice to help you navigate your career path and make informed decisions about your professional development.
Comprehensive Compensation for Budget Analyst
Aside from the base salary, Budget Analysts in the UK may also receive comprehensive compensation packages. These packages can include benefits such as health insurance, retirement plans, bonuses, and other incentives. The exact details of the compensation package will vary depending on the company and industry you work in.
Strategies for Increasing Your Salary as a Budget Analyst
If you are looking to increase your salary as a Budget Analyst, there are several strategies you can employ. These include continuously improving your skills and knowledge in budget analysis, seeking additional certifications or qualifications, taking on more responsibilities, and demonstrating your value to the organization through measurable results. By consistently striving for excellence, you can position yourself for salary advancements and promotions.
Professional Development and Earnings
Investing in your professional development as a Budget Analyst can have a direct impact on your earnings. By attending relevant training programs, workshops, and conferences, you can enhance your skills and knowledge, making you a more valuable asset to employers. Additionally, networking with professionals in the field and staying updated with industry trends can open doors to new opportunities and potentially higher salaries.
Capitalising on Extra Hours and Duties
As a Budget Analyst, there may be opportunities to take on extra hours or duties that can contribute to your overall earnings. This could involve participating in special projects, providing consulting services, or taking on additional responsibilities within your organization. By demonstrating your willingness to go above and beyond, you can showcase your dedication and potentially negotiate higher compensation for your efforts.
