Table 1Transition record

cost analysttobudget analyst

A cost analyst already meets 60% of what the budget analyst role asks for. The move turns on 3 required skills not yet in the profile.

From cost analyst

60%

Overlap1

To budget analyst

11 Skills carried over

3 Required, not held

37 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 37

This move: 37 of 100 · moderate

1 Share of the budget analyst role’s weighted skill requirement already met by the cost analyst profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 11 skills that carry over, these are the ones fewest other occupations ask for. A budget analyst role needs them, and most people applying for one will not have them already. This is the part of a cost analyst background worth leading with.

Skill the target role also needs Area

already held exert expenditure control management skills
already held explain accounting records management skills
already held support development of annual budget management skills
already held evaluate budgets management skills
already held financial department processes business, administration and law
already held synthesise financial information information skills

All 11 carried skills, including the 8 the budget analyst role treats as required.

Table 3

Table 3 · What you would need to learn

The 12 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 management skills 1 required, 3 supplementary

required, not held use office systems required

optional, not held budget for financial needs optional
optional, not held consider economic criteria in decision making optional
optional, not held create annual marketing budget optional

02 business, administration and law 1 required, 2 supplementary

required, not held budgetary principles required

optional, not held funding methods optional
optional, not held public finance optional

03 information skills 1 required, 2 supplementary

required, not held develop financial statistics reports required

optional, not held inspect government expenditures optional
optional, not held revise drafts made by managers optional

04 communication, collaboration and creativity 2 supplementary

optional, not held advise on public finance optional
optional, not held review investment portfolios optional

Table 4

Table 4 · Where to start

The 3 entries a budget analyst role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 11 skills that carry over

Skill Type

already held analyse financial performance of a company skill
already held assess financial viability skill
already held company policies knowledge
already held evaluate budgets skill
already held exert expenditure control skill
already held financial department processes knowledge
already held identify process improvements skill
already held support development of annual budget skill
already held explain accounting records skill
already held manage budgets skill
already held synthesise financial information skill

9 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held advise on public finance optional
optional, not held budget for financial needs optional
optional, not held consider economic criteria in decision making optional
optional, not held create annual marketing budget optional
optional, not held funding methods optional
optional, not held inspect government expenditures optional
optional, not held public finance optional
optional, not held review investment portfolios optional
optional, not held revise drafts made by managers optional

22 held skills the budget analyst role does not ask for

Skill Type

not needed by the target role advise on tax planning skill
not needed by the target role analyse financial risk skill
not needed by the target role analyse transportation costs skill
not needed by the target role calculate production costs skill
not needed by the target role carry out tendering skill
not needed by the target role control of expenses skill
not needed by the target role cost management knowledge
not needed by the target role create a financial plan skill
not needed by the target role create a financial report skill
not needed by the target role disseminate information on tax legislation skill
not needed by the target role enforce financial policies skill
not needed by the target role execute analytical mathematical calculations skill
not needed by the target role financial forecasting knowledge
not needed by the target role interpret financial statements skill
not needed by the target role liquidity management knowledge
not needed by the target role manage inventory skill
not needed by the target role manage payroll reports skill
not needed by the target role negotiate supplier arrangements skill
not needed by the target role perform cost accounting activities skill
not needed by the target role prepare cost-plus pricing models skill
not needed by the target role prepare financial statements skill
not needed by the target role provide cost benefit analysis reports skill

3 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held budgetary principles required
optional, not held funding methods optional
optional, not held public finance optional

Index

Other moves recorded from cost analyst

Full index of moves from cost analyst

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.