Employment of budget analysts is projected to grow 3 percent from 2014 to 2024, slower than the average for all occupations.
Efficient use of public funds is increasingly expected at the Federal, state, and local levels. Budget analysts should be in demand for their ability to manage the allocation of public funds. Many state and local governments, which previously had hiring freezes due to revenue shortfalls, are now seeing growth in revenue and spending. This should allow for increased hiring of budget analysts, as these governments fill positions that were previously left vacant. Budget analysts working in state government are projected to grow 2 percent, while those working in local government are projected to grow 6 percent.
However, recent slowdowns in federal spending and employment have limited overall employment growth at the federal level. Because of this, budget analysts working in the federal government are projected to decline 10 percent.
This occupation has fairly steady turnover, as budget analysts often leave the occupation to pursue opportunities to work in similar areas. These opportunities include positions as higher-level budget analysts at other organizations and positions in related business and financial occupations, such as financial analysts. For this reason, job prospects are expected to be good for entry-level budget analysts.
Percent change in employment, projected 2014-24
Total, all occupations
Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program