Bioenergy Career Map: Budget Analyst

Financial Analyst

Master’s degree In Business Administration, Accounting, or related field.

3–7 years

• Strong numerical and analytical skills as well as thorough knowledge of statistics and accounting
• Experience with relevant software, including spreadsheets, database functions, and financial analysis programs
• Experience with economic and accounting principles and practices, financial markets, banking and the analysis and reporting of financial data
• Effective written, interpersonal, and communication skills.

All sectors of the emerging bioeconomy will require sound financial analysis and management services. Beginning with the development of biomass feedstock processing and logistic systems, to the construction and day-to-day operation of bioenergy related infrastructure (e.g. biorefineries), and finally the creation and maintenance of diverse end use markets (e.g. fuels, power, and products), strong financial guidance will serve as a vital lifeline for many sectors of the bioenergy value chain. Individuals who are able to estimate future financial needs for private businesses, nonprofit organizations, and government agencies can help advance industry growth.

In the private sector financial analysts will examine the budget and seek new ways to improve efficiency and increase profits. In governmental organizations, analysts try to find the most efficient way to distribute funds and allocate other resources among various departments, programs, and grants.

At the middle level, financial analysts will work with program and project managers to develop the organization's budget, monitor organizational spending, and predict future financial needs. A Master’s degree in one of many areas, such as accounting, finance, business, public administration, economics, statistics, political science, or sociology is recommended. If you have not yet received your MBA it is recommended that you study for the Series 7 and Series 63 exams or participate in the Chartered Financial Analyst (CFA®) Program.  Government budget analysts at this level may seek to earn the Certified Government Financial Manager credential from the Association of Government Accountants.  Knowledge of markets and financial trends in the energy industry is highly recommended but not required.