Budgeting is the strategic implementation of a company’s business plan or project to reach specific goals and objectives.
Budgeting is also forecasting the future of the organization by developing a related budget that manages long-term financial needs, usually on a quarterly or fiscal year basis.
Why opt for a Budgeting Career?
Opting for a budgeting career allows you to aid in crisis management and planning, encouraging lasting inter-departmental relationships, a better understanding of the organization, motivating sales teams to reach their goals, helping control the company’s financial position, and measuring employee performance.
Budgeting careers have a variety of paths including:
1. Financial Analyst
Why Become a Financial Analyst?
Financial analysts are responsible for creating detailed business plans that ensure the organizations will not have liquidity problems over a long-term period.
As a financial analyst, you will ensure the future of the company is secure and sufficient funds exist to keep the organization operating.
Financial analysts enjoy a 10.8% future job growth and make around $95,000 per year.
| Financial Analyst Key Stats | |
|---|---|
| Education | 3-4 Years |
| Outlook | 10.8% |
2. Accountant
Why Become an Accountant?
Becoming an accountant makes you responsible for preparing budgets and coordinating with management across a variety of departments.
You get to create a detailed business budget and plan for the entire company which allows for funds to be allocated for the upcoming fiscal year.
These budgets and funds help ensure departments get what they need to operate efficiently and effectively.
| Accountant Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
3. Bookkeeper
Why Become a Bookkeeper?
If you have a passion for details and numbers with laser focus abilities, bookkeeping is the perfect career for you.
A bookkeeper checks and documents the financial data of a client or company, to ensure the information is balanced.
Bookkeepers utilize extensive technology to confirm their accuracy and maintain financial books.
Becoming a bookkeeper gives you an entrance into the financial world and allows you to gain experience to move to other positions.
| Bookkeeper Key Stats | |
|---|---|
| Avg. Salary / year | $45,140 |
| Avg. Pay / hour | $21.70 |
| Education | 0-6 Months |
| Outlook | -1.5% |
4. Financial Controller
Why Become a Financial Controller?
A financial controller is a senior manager who oversees the company’s daily financial operations.
With an average salary of a whopping $147,000 per year and an incredible 16% future job growth, financial controllers can enjoy a rewarding and lucrative career.
Financial control allows you to utilize your extensive accounting and finance knowledge, while also using soft skills to motivate and lead others.
| Financial Controller Key Stats | |
|---|---|
| Avg. Salary / year | $153,460 |
| Avg. Pay / hour | $73.78 |
| Education | 4+ Years |
| Outlook | 16% |
5. CPA
Why Become a CPA?
Certified public accountants (CPA) earned the license by meeting state licensure requirements.
Due to the difficulty of the exam, CPAs experience respect and prestige, a job outlook of 10%, and a salary of around $80,000 per year.
Also, most CPAs are multitalented professionals who perform a variety of specialized job functions ranging from information technology to tax advisory services.
| CPA Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
6. Credit Analyst
Why Become a Credit Analyst?
Credit analysts review the financial snapshot of businesses or individuals to learn the level of risk in lending money.
Becoming a credit analyst allows you to determine if the amount the company or individual needs can be lowered to ensure it is a less risky loan for the financial institution.
Credit analysts make an excellent salary of around $85,000 per year and enjoy job security with an outlook of 8.3% growth.
| Credit Analyst Key Stats | |
|---|---|
| Avg. Salary / year | $88,030 |
| Avg. Pay / hour | $42.32 |
| Education | 4+ Years |
| Outlook | 8.3% |
7. External Auditor
Why Become an External Auditor?
Working as an external auditor can be extremely rewarding since you get to utilize your understanding of business and finance, build relationships, implement effective communication skills, and work with numbers.
External auditors make around $80,000 per year and have a 10% job growth outlook, which indicates they are in demand.
| External Auditor Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
8. Internal Auditor
Why Become an Internal Auditor?
Internal auditors are different from external auditors in that they are auditing procedures, policies, and processes of an organization to ensure compliance.
Many enter the internal auditing field because of the excellent salary of around $80,000 and the 10% future job growth.
Internal auditors are always in the corporate spotlight because they are regularly reporting to the board for consistency or regularities, which shapes careers.
| Internal Auditor Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
9. Stock Broker
Why Become a Stock Broker?
With an average annual salary of around $95,000 per year and a 10% future job outlook, stockbrokers are self-starters who have a keen interest in the finance world.
In addition to enjoying a high salary and job security throughout your career, there are plenty of career opportunities for stockbrokers.
You can slowly climb the corporate ladder into higher management positions where you can have a major impact on the company and clients.
| Stock Broker Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 10% |
10. Stock Trader
Why Become a Stock Trader?
You may become a stock trader because you enjoy working in fast-paced environments with constantly changing work.
Also, you may find it exciting to take risks and see them pay off.
Using big data to identify stock trends, you can implement prudent investment strategies that can be incredibly lucrative to you, your company, and your clients.
| Stock Trader Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 6.2% |
11. Actuary
Why Become an Actuary?
Actuaries assist clients with financial business risks and develop solutions to effectively manage them utilizing mathematical strategies.
This means actuaries utilize an extensive amount of data to make decisions and help clients be successful in business endeavors.
As an actuary, there is extensive opportunity for career advancement, you will have a diverse set of responsibilities, the projected job growth is a whopping 22.5%, and the average annual salary is $94,000.
| Actuary Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 22.5% |
12. Investment Banker
Why Become an Investment Banker?
Investment banking allows you to become an expert in creating complicated, large financial models that help companies make decisions on investments.
Many enter the field due to the $94,000 annual salary or the 9.6% growth, but also for the exposure and experience of creating financial models, which can be incredibly helpful later in your career when seeking upper management positions.
| Investment Banker Key Stats | |
|---|---|
| Avg. Salary / year | $83,980 |
| Avg. Pay / hour | $40.37 |
| Education | 4+ Years |
| Outlook | 9.6% |
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