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Budget Analyst in Chicago, IL

Budget Analyst Job Description

Budget analysts help organizations plan, manage and monitor financial resources by developing budgets, analyzing spending and providing strategic recommendations. These professionals play a key role in ensuring fiscal responsibility and supporting long-term financial goals.

Typical budget analyst duties:

Preparing and reviewing annual and quarterly budgets across departmentsAnalyzing budget proposals and identifying cost-saving opportunitiesMonitoring expenditures and comparing actual totals to forecastsCollaborating with department leaders to align financial plans with business objectivesPreparing reports and presentations for senior management and stakeholdersConducting variance analysis and recommending corrective actionsSupporting financial planning and forecasting processesEnsuring compliance with internal policies and regulatory requirementsEnhancing budgeting tools, models and reporting systems

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Salary for Budget Analyst in Chicago, IL
105313 - 166250
Low
105313
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
145313
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
166250
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Vice President of Finance 209688 260938 313125 Director of SEC Financial Reporting 203125 224063 250313 SEC Financial Reporting Manager 150000 170000 203750 SEC Financial Reporting Analyst 113125 125313 145625 Director of Finance 174063 212813 244063 Director of Financial Systems 185938 220313 260625 Financial Systems Manager 161875 188438 217813 Financial Systems Project Manager 124375 170313 194688 Financial Systems Administrator 84063 100625 115625 Financial Project Manager 136563 172188 207500 Director of FP&A 173125 202188 223750 FP&A Manager 131563 172500 197500 Senior FP&A Analyst 93125 115938 134063 FP&A Analyst 89063 100625 110000 Business Analysis Manager 148438 180000 204063 Senior Business Analyst 118438 144375 164375 Business Analyst 78750 100313 119375 Data Analysis Manager 146563 179063 205000 Senior Financial Data Analyst 115938 143750 163750 Financial Data Analyst 66875 79063 90000 Senior Business Systems Analyst 116563 140625 168125 Business Systems Analyst – Financial Services 113438 137500 163125 Business Systems Analyst 88438 107813 122813 Senior Business Intelligence Analyst 112188 139688 161250 Business Intelligence Analyst 86250 106875 130000 Financial Analysis Manager 125000 149375 176250 Senior Financial Analyst 107813 132500 147188 Financial Analyst – Financial Services 90313 114688 125625 Financial Analyst 81563 100000 115313 Entry-Level Financial Analyst 65625 77813 90000

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.