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3 top budgeting jobs

A budget is a financial statement that outlines the expected revenue and expenditure of an entity in a particular fiscal year. Budgeting jobs entail creating a budget, re-evaluating the budget and making necessary modifications to the budget with respect to set targets in addition to other responsibilities. The main aim of a budget is to save costs and avoid unnecessary expenses.

Budgeting jobs

Whether you will be involved in creating personal budgets, company budgets or national budgets, pursuing a budgeting occupations is exciting and rewarding.

Three top budgeting jobs you can apply to launch your budgeting career are:

1. Budget Analyst

Budget analysts help non-profit organisations, private businesses and government agencies develop, analyse and execute budgets. They find the most efficient way to allocate funds, improve efficiency and increase profits. They also help draft budget-related legislation and estimate an organisation’s future financial needs.

To qualify for this role, you will need a bachelor’s degree as the minimum educational requirement, although some employers may ask for a master’s degree. Other requirements include strong analytical, mathematical and spoken and written communication skills.

2. Finance Manager

Finance managers help clients and organisations in the private and public sector make sound financial decisions. They are responsible for monitoring performance and efficiency, conducting risk assessments, formulating business plans and participating in strategic planning. Cash flow monitoring, budgetary planning as well as budgetary control also fall in the Finance manager’s remit.

To secure this job, you will need a degree in a relevant subject, such as Finance, Accounts, Economics and Mathematics. Expect a starting salary of between £17,000 and £25,500 rising up to £45,000 and upwards of £80,000 annually as you gain more experience in this field.

3. Financial Analyst

Finance analysts assess all aspects of a business’s financial standing and describe the business’s investment potential. Also known as equity analysts, securities analysts or investment analysts, financial analysts conduct various forms of financial budgeting to find ways to increase a business’ profitability.

You will need graduate level training in finance to secure this job. Expect an annual starting salary of between £25,000 and £40,000 as a junior analyst and between £50,000 and £120,000 as an experienced analyst.

Final word

Owing to the nature of budgeting jobs, professionals in this field are required to hold strict standards of integrity and accountability. They should also be able to work under strict guidelines and have proficiency in software packages, such as financial analysis programs, spreadsheets and database applications.

If you meet these requirements and have always wanted to venture into a financial occupation, budgeting jobs might just be ideal for you. Apply for a suitable budgeting job - it could be your start to a long and rewarding career in finance.

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