Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

financial controllertobudget analyst

A financial controller already meets 49% of what the budget analyst role asks for. The move turns on 5 required skills not yet in the profile.

From financial controller
49%
Overlap1
To budget analyst
10 Skills carried over
5 Required, not held
47.2 Difficulty2
Career overlap Partial match

49%

Learning distance Real move, short list to learn

47.2/ 100

1 Share of the budget analyst role’s weighted skill requirement already met by the financial controller 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.

Why

Why this move works

A budget analyst role treats 6 of its required skills as things a financial controller already does. These are the ones it depends on most.

  • analyse financial performance of a company
  • develop financial statistics reports
  • evaluate budgets
  • exert expenditure control
  • financial department processes
  • support development of annual budget

What stands in the way is 5 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 10 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 financial controller 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 inspect government expenditures information 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

All 10 carried skills, including the 6 the budget analyst role treats as required.

Table 3

Table 3 · What you would need to learn

The 13 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 2 required, 3 supplementary
  • required, not held identify process improvements required
  • 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 2 required, 2 supplementary
  • required, not held budgetary principles required
  • required, not held company policies required
  • optional, not held funding methods optional
  • optional, not held public finance optional
03 information skills 1 required, 1 supplementary
  • required, not held assess financial viability required
  • 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 10 skills that carry over
Skill Type
  • already held analyse financial performance of a company skill
  • already held develop financial statistics reports skill
  • already held evaluate budgets skill
  • already held exert expenditure control skill
  • already held financial department processes knowledge
  • already held support development of annual budget skill
  • already held explain accounting records skill
  • already held inspect government expenditures skill
  • already held manage budgets skill
  • already held synthesise financial information skill
8 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 public finance optional
  • optional, not held review investment portfolios optional
  • optional, not held revise drafts made by managers optional
27 held skills the budget analyst role does not ask for
Skill Type
  • not needed by the target role accounting department processes knowledge
  • not needed by the target role advise on financial matters skill
  • 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 check accounting records skill
  • not needed by the target role create a financial plan skill
  • not needed by the target role disseminate information on tax legislation skill
  • not needed by the target role draft accounting procedures skill
  • not needed by the target role enforce financial policies skill
  • not needed by the target role ensure compliance with accounting conventions skill
  • not needed by the target role financial forecasting knowledge
  • not needed by the target role financial statements knowledge
  • not needed by the target role follow the statutory obligations skill
  • not needed by the target role insolvency law knowledge
  • not needed by the target role interpret financial statements skill
  • not needed by the target role liaise with auditors skill
  • not needed by the target role liaise with financiers skill
  • not needed by the target role liaise with shareholders skill
  • not needed by the target role manage profitability skill
  • not needed by the target role manage the general ledger skill
  • not needed by the target role prepare financial auditing reports skill
  • not needed by the target role prepare financial statements skill
  • not needed by the target role prepare tax returns forms skill
  • not needed by the target role statistics knowledge
  • not needed by the target role supervise accounting operations skill
  • not needed by the target role tax legislation knowledge
  • not needed by the target role track key performance indicators skill
4 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
  • required, not held company policies required
  • optional, not held funding methods optional
  • optional, not held public finance optional
Index

Other moves recorded from financial controller

Full index of moves from financial controller

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.