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Budget Jobs in Chicago, IL (NOW HIRING)

Temporary Budget Specialist Location: Hinsdale, IL (Hybrid) Position Type: Temporary (3-6+ Months) Pay Rate: $30.00 - $40.00/hour (depending on experience) About the Role Our client, a well ...

The Budget Financial Analyst is responsible for supporting the strategic financial and budgeting planning processes and to help ensure alignment with the organization's financial strategy. This role ...

SENIOR BUDGET ANALYST

Chicago, IL · On-site

$78K - $103K/yr

The Senior Budget Analyst is responsible for creating, coordinating and optimizing the processes for annual planning, budgeting, forecasting, financial reporting, variance analysis, capital ...

SENIOR BUDGET ANALYST

Chicago, IL · On-site

$78K - $103K/yr

The Senior Budget Analyst is responsible for creating, coordinating and optimizing the processes for annual planning, budgeting, forecasting, financial reporting, variance analysis, capital ...

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Budget information

See Chicago, IL salary details

$51K

$100.4K

$145.3K

How much do budget jobs pay per year?

As of Sep 5, 2026, the average yearly pay for budget in Chicago, IL is $100,436.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,400.00 and $116,400.00 per year, depending on experience, location, and employer.

What is a budget job?

Budget jobs focus on budget planning, resource allocation, product pricing, and cost analysis. As a budget analyst, you work on financial plans for a company or organization. You may make projections, perform research, and suggest steps to increase profitability. Budget managers or financial managers help with planning. In this career, you oversee or assess the implementation of a budget. Accountants and internal auditors track income and spending, evaluate adherence to the budget, and issue reports on their findings. Other professionals, such as cost estimators, are involved in the budgeting process as well.

What does a budget analyst do?

A budget analyst is responsible for helping organizations plan their finances, prepare budget reports, and monitor spending. They analyze budget proposals, review financial requests, and ensure that resources are allocated efficiently. Budget analysts also provide recommendations to improve financial efficiency and assist in making informed financial decisions. Their role is crucial in helping organizations meet financial goals and comply with regulations.

What are some common challenges faced by budget analysts when working with multiple departments?

Budget analysts often work with various departments, each with their own priorities and financial needs. A common challenge is balancing these competing interests while ensuring that budget recommendations align with organizational goals and compliance requirements. Effective communication, negotiation, and a strong understanding of both the organization's financial policies and each department's objectives are essential. Collaboration and flexibility help budget analysts develop feasible solutions that satisfy stakeholders and maintain fiscal responsibility.

What is the difference between Budget vs Cost Analyst?

AspectBudgetCost Analyst
Required CredentialsTypically a degree in finance, accounting, or related fieldSimilar credentials, often with certifications like CPA or CMA
Work EnvironmentCorporate, government, or non-profit organizationsCorporate, consulting firms, or government agencies
Employer & Industry UsageUsed for planning financial resourcesUsed for analyzing and controlling costs
Comparison Search IntentUnderstanding budgeting processes and rolesAnalyzing cost data and financial efficiency

While both roles involve financial analysis, a Budget focuses on planning and allocating resources, whereas a Cost Analyst specializes in examining expenses to improve efficiency. Both positions require similar credentials and are common in corporate and government sectors, but their core functions differ in scope and purpose.

Is there a job for budgeting?

A budgeting job typically involves creating and managing financial plans, often requiring skills in accounting, finance, or Excel. These roles are common in finance departments, government agencies, and private companies, and may require certifications such as a CPA or financial analyst credentials.

What are the most commonly searched types of Budget jobs in Chicago, IL?

The most popular types of Budget jobs in Chicago, IL are:

Infographic showing various Budget job openings in Chicago, IL as of August 2026, with employment types broken down into 91% Full Time, 8% Part Time, and 1% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $100,436 per year, or $48.3 per hour.

Budget Analyst (Senior Budget Analyst)

Criminal Investigation & Law Enforcement | IRS Careers

Downers Grove, IL • On-site

$106K/yr

Full-time

Posted 5 days ago


Internal Revenue Service rating

7.4

Company rating: 7.4 out of 10

Based on 130 frontline employees who took The Breakroom Quiz

158th of 297 rated public sector bodies


Job description

WHAT IS THE LARGE BUSINESS & INTERNATIONAL DIVISION?
A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions
  • Position(s) are to be filled in following area(s):
    • LBI - Office of Program and Business Solutions - PBS: Finance: Customer Support Budget

REVIEW THE ADDITIONAL INFORMATION BELOW FOR FURTHER DETAILSQualifications:

Federal experience is not required. Experience may have been gained in the public sector, private sector or through Volunteer Service. One year of experience refers to full-time work; part-timework is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week, on your resume.
QUALIFICATION REQUIRMENTS: To qualify for this position, you must meet the qualification requirements outlined below:
SPECIALIZED EXPERIENCE GS-13: To be eligible for this position, you must have one (1) year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service.
Specialized experience includes:

  • Experience interpreting and applying budget instructions, administrative memoranda, public laws, Executive Orders, Office of Management and Budget (OMB) circulars and bulletins, and regulatory guidance to support budget formulation, execution, and financial management activities.
  • Experience reviewing and analyzing budget estimates, accounting information, resource proposals, expenditures, staffing requirements, and financial data to identify issues, reconcile funding requirements, and support budget recommendations.
  • Experience preparing budget justifications, financial analyses, narrative reports, briefing materials, spreadsheets, and other supporting documentation used in budget formulation, budget execution, and management decision-making.
  • Experience monitoring and evaluating budget execution, expenditures, resource utilization, and financial activities to identify funding issues, recommend corrective actions, and support program objectives.
  • Experience coordinating budget activities with program officials and stakeholders, developing budget submissions, responding to budget inquiries, and supporting budget planning activities involving organizational priorities.
  • Experience using automated financial systems and software applications to develop, maintain, analyze, and report budget and financial information.

AND

You must also meet the following requirement(s):

  • TIME AFTER COMPETITIVE APPOINTMENT (TACA): Current civilian employees must have completed at least 90 days of federal civilian service since their latest non-temporary appointment from a competitive referral certificate, known as time after competitive appointment. For this requirement, a competitive appointment is one where you applied to and were appointed from an announcement open to "All US Citizens".
  • TIME IN GRADE (TIG): For positions above the GS-05,applicants must meet applicable time-in-grade requirements to be considered eligible. One year (52 weeks) at the next lower grade level is required to meet the time-in-grade requirements for the grade you are applying for. For positions at the GS-5, you cannot advance to the GS-05 if you have held a GS-02 in the past 52 weeks. There is no TIG restriction for GS-02, 03, or 04 positions.

For more information on qualifications please refer to OPM's Qualifications Standards.

Education:A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page.
FOREIGN EDUCATION: Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.S. education program. It is your responsibility to provide such evidence when applying. Click here (Section 3, Explanation of Terms) or here for Foreign Education Credentialing instructions.
We recommend choosing an evaluator from a member organization of one of the following national associations of credential evaluation services: National Association of Credential Evaluation Services (NACES) or Association of International Credentials Evaluators (AICE).Employment Type: OTHER

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