Those looking for Los Angeles accounting jobs that pay well and have a bright employment outlook should consider a position as a budget analyst.
Budget analysts typically work for private businesses, nonprofit organizations, or government agencies to help those entities allocate their financial resources by developing, analyzing, and executing budgets and estimating future financial needs. Check out this accountant job description to learn more.
Employees who work in the private sector are mainly responsible for examining budgets in order to find new ways of improving efficiency and increasing profits, while employees who work for nonprofits or the government are responsible for finding the most efficient way to distribute funds and resources.
Most employers prefer applicants for budget analyst positions to have at least a bachelor’s degree, while some prefer to hire those with a master’s degree. Entry-level analysts typically go through some on-the-job training, which takes about one full budget cycle, before they are given more responsibilities. Many employees who deal with money also are required to undergo a California background check.
There were about 67,200 budget analysts throughout the nation during 2008, and that number is expected to grow by 15 percent by 2018, according to the U.S. Bureau of Labor Statistics.
About 41 percent of budget analysts work for the government, while others work in manufacturing; management services; professional, scientific, and technical services; and schools.
Employment of budget analysts in Los Angeles County is expected to increase from 3,650 workers during 2006 to 3,790 workers by 2016, resulting in 140 additional jobs and a growth rate of 3.8 percent, according to the California Employment Development Department.
The top 10 industries that employ budget analysts in Los Angeles include:
- Management of companies and enterprises
- Colleges and universities
- Elementary and secondary schools
- Electronic instrument manufacturing
- Computer systems design and related services
- Architectural and engineering services
- Management and technical consulting services
- Scientific research and development services
- General medical and surgical hospitals
- Software publishers
During 2010, budget analysts in the Los Angeles area earned an average wage of $37.73 per hour, with the median wage coming in at $37.40 per hour. Those in the 25th percentile earned $29.80 per hour and those in the 75th percentile earned $45.95 per hour.