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Entry Level Forecasting Analyst Jobs in Washington, DC

Tecolote Research

Entry Level Analyst

Washington, DC · On-site

$55K - $75K/yr

Apply forecasting and analytical methods to estimate future program performance. * Integrate information from program management, scheduling, finance, engineering, and risk-management sources.

DC Green Bank

Staff Accountant

Washington, DC · On-site

$62K - $81K/yr

This entry-level role assists with preparing financial statements, reconciling accounts ... Support budgeting and forecasting activities by entering, organizing, and reviewing financial data ...

All JobsForecasting Analyst JobsEntry Level Forecasting Analyst JobsEntry Level Forecasting Analyst Jobs in Washington, DC

Entry Level Forecasting Analyst information

See Washington, DC salary details

$15

$31

$61

How much do entry level forecasting analyst jobs pay per hour?

As of Jul 30, 2026, the average hourly pay for entry level forecasting analyst in Washington, DC is $31.45, according to ZipRecruiter salary data. Most workers in this role earn between $21.78 and $34.04 per hour, depending on experience, location, and employer.

What are some common challenges faced by entry level forecasting analysts, and how can new hires overcome them?

Entry level forecasting analysts often face challenges such as interpreting large datasets, understanding various forecasting models, and communicating complex findings to non-technical stakeholders. New hires can overcome these obstacles by actively seeking mentorship from experienced colleagues, participating in training sessions, and leveraging analytical tools to streamline their workflow. Building strong collaboration with team members in finance, operations, and sales also helps ensure forecasts are accurate and actionable.

What are the key skills and qualifications needed to thrive as an Entry Level Forecasting Analyst, and why are they important?

To thrive as an Entry Level Forecasting Analyst, you need strong analytical skills, a solid understanding of statistics, and a bachelor's degree in a quantitative field such as mathematics, economics, or data science. Familiarity with forecasting software, Excel, and data visualization tools like Tableau or Power BI is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for interpreting data and sharing insights with stakeholders. These skills and qualities are important because they enable accurate predictions, informed decision-making, and clear communication of complex data findings.

What does a forecasting analyst do?

A forecasting analyst analyzes data to predict future trends and outcomes, often using statistical models and software tools like Excel or specialized forecasting programs. They help organizations make informed decisions related to sales, inventory, or financial planning by interpreting historical data and identifying patterns.

Will demand planners be replaced by AI?

Demand planners, including entry-level forecasting analysts, use data analysis and forecasting tools to predict future demand. While AI can automate routine tasks and improve accuracy, human judgment remains essential for interpreting complex data and making strategic decisions, so complete replacement is unlikely in the near term.

What job is most in demand right now?

Entry Level Forecasting Analysts are in demand as companies seek professionals skilled in data analysis, statistical modeling, and forecasting tools like Excel and Python. These roles are common in finance, supply chain, and marketing sectors, often requiring strong analytical skills and attention to detail.

What does an Entry Level Forecasting Analyst do?

An Entry Level Forecasting Analyst is responsible for analyzing data to predict future trends, such as sales, demand, or financial outcomes, to help organizations make informed business decisions. They use statistical models, data analysis tools, and historical information to develop accurate forecasts. These analysts often work closely with other departments to gather data, interpret results, and present findings in clear reports or presentations. This role typically serves as a starting point for a career in data analysis, business intelligence, or supply chain management.

How to become a forecast analyst?

To become a forecast analyst, typically a bachelor's degree in finance, economics, statistics, or a related field is required. Developing skills in data analysis, forecasting methods, and tools like Excel, SQL, or specialized software is essential, along with gaining experience through internships or entry-level positions in data analysis or finance.

What is the difference between Entry Level Forecasting Analyst vs Data Analyst?

AspectEntry Level Forecasting AnalystData Analyst
Required CredentialsBachelor's in Economics, Finance, or related field; basic Excel and statistical skillsBachelor's in Statistics, Mathematics, or related field; proficiency in Excel, SQL, and data visualization tools
Work EnvironmentFinancial, retail, or manufacturing sectors focusing on sales, demand, or financial forecastingVarious industries including healthcare, marketing, finance, analyzing data trends and insights
Employer & Industry UsageUsed by companies needing demand predictions and financial planningUsed across industries for data analysis, reporting, and decision support

While both roles involve data analysis skills, the Entry Level Forecasting Analyst primarily focuses on predicting future trends using statistical models, often within finance or retail sectors. In contrast, Data Analysts handle broader data interpretation and reporting across various industries. The roles share foundational skills but differ in their specific focus and application.

What is the salary of forecasting analyst?

The average salary for an entry-level forecasting analyst at Amazon typically ranges from $55,000 to $75,000 annually, depending on location and experience. Salaries may also include benefits such as health insurance and performance bonuses, and the role often requires proficiency in data analysis tools like Excel, SQL, or Python.
What are the most commonly searched types of Forecasting Analyst jobs in Washington, DC? The most popular types of Forecasting Analyst jobs in Washington, DC are:
What are popular job titles related to Entry Level Forecasting Analyst jobs in Washington, DC? For Entry Level Forecasting Analyst jobs in Washington, DC, the most frequently searched job titles are:
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Entry Level Forecasting Analyst jobs near you

Entry Level Analyst

Tecolote Research

Washington, DC • On-site

$55K - $75K/yr

Full-time

Posted 8 days ago

Job description

Overview
We are seeking highly motivated individuals with a strong work ethic to support US Government major Acquisition programs and projects. The position requires no experience but an interest in data analytics and visualization, financial analysis, cost analysis and budget formulation. Successful candidates will have excellent communication, quantitative, research, and analytical skills.
Responsibilities
Data Analytics
  • Analyze monthly Integrated Program Management Reports, including IPMR/IPMDAR submissions and supporting cost and schedule data.
  • Examine program-performance information to identify unfavorable trends, emerging issues, and areas requiring management attention.
  • Apply forecasting and analytical methods to estimate future program performance.
  • Integrate information from program management, scheduling, finance, engineering, and risk-management sources.
  • Validate contractor or program-office data for completeness, accuracy, consistency, and compliance with reporting requirements.
  • Convert large or complicated datasets into well-structured analyses and actionable recommendations.
  • Support recurring program reviews by explaining performance trends and potential impacts.
  • Use analytical tools such as wInsight, Encore Analytics and Microsoft Office applications.

Cost Analysis, Financial Management and Program Management
  • Conduct cost analyses supporting Life Cycle Cost Estimates, Program Office budgets, contract proposals, and other requested cost products.
  • Develop independent government cost estimates and ad hoc estimates to support acquisition, budgeting, and program-management decisions.
  • Provide analytical support for program controls, financial reporting, budget development, and funds execution.
  • Monitor program cost performance and assess whether work is being completed within approved budgets and performance baselines.
  • Analyze monthly cost, schedule, and technical-performance data to identify trends, variances, risks, and emerging financial issues.
  • Integrate financial data with schedule, technical, risk, and program-performance information to provide a comprehensive view of program status.
  • Develop and assess forecasts for estimated costs at completion, remaining program requirements, funding needs, and potential budget shortfalls.
  • Support the preparation, review, and analysis of Program Office budgets, spend plans, execution reports, and funding requirements.
  • Evaluate contractor proposals, cost estimates, and supporting data for reasonableness, completeness, consistency, and compliance with program requirements.
  • Analyze the financial effects of schedule delays, technical issues, scope changes, risks, and opportunities.
  • Provide cost and financial analysis across individual programs, contracts, work breakdown structures, or broader portfolios.
  • Translate complex cost, budget, and program-performance information into clear findings, recommendations, and decision-ready reporting products.
  • Support baseline development, change control, risk and opportunity management, and corrective-action planning.
  • Use analytical tools such as ACEIT, Excel and other Microsoft Office applications

Skills Required
  • 24 semester hours of quantitative course work (mathematics, statistics, engineering, physics, chemistry, etc.)
  • Proficiency in Microsoft Office (Excel, Word, Access, and PowerPoint)
  • Ability to obtain a DoD Secret Clearance
  • Salary Range: $55,000 - $75,000 /Year depending on experience and qualifications

Education
Bachelor's degree required, preferably in math, engineering, business, or the sciences.

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