- MPA@UNC
- Careers in Public Administration
- Budget and Fiscal Management
Budget and Fiscal Management Jobs
Careers in public finance, including budget and fiscal management, cover the full range of financial management of an organization. Budget analysts work with management to review proposals to ensure that they are complete, fall within legal parameters, and are accurate. By combining budget proposals from all departments within an organization, a budget analyst can determine availability of funds, estimate future financial needs, and compare data from previous years to determine whether the organization is being fiscally responsible. Such comparisons can help the analyst and financial manager recommend budget cuts or funding requests.
Financial managers perform similar tasks by supervising employees who create budgets and prepare reports, statements, and forecasts related to the organization as well as the industry. While budget analysts may focus primarily on debits and credits, financial managers must have an understanding of the industry as a whole and be able to read trends, forecast challenges, and navigate legislation pertaining to the industry.
A Day in the Life of a Budget and Fiscal Manager
Public finance professionals spend a lot of time at their desks reviewing data and reports. The data drives discussions with stakeholders regarding funding and expenditures. Numbers are a second language of sorts, and data management software, such as Excel, becomes a finance professional’s best friend. Sound financial management is critical to the success of every organization, and the finance and accounting skill set is highly sought after in all areas of public service. Typical daily tasks include any or all of the following:
- Monitor spending to ensure it is within operational and capital budget limits
- Communicate with other managers to ensure uniform budget systems, policies, and procedures
- Help various departments prepare budgets based on past performance, projected goals, current revenue, and expenses
- Manage other budget and fiscal management staff
- Ensure company compliance with state and federal regulations and standards for the industry

Take the Next Step
Advance your career in public administration by earning an MPA degree online from UNC.
Download Your MPA Career Guide
Salary and Benefits
Benefits such as paid time off, medical insurance, and retirement options are standard for most employers. To find more information regarding salary and benefits for financial managers, visit the Bureau of Labor Statistics website.
Education
Many budget and fiscal managers pursue undergraduate degrees in finance or accounting. In this particular field, the differences between a Master of Business Administration (MBA) and a Master of Public Administration (MPA) are, perhaps, most distinct. The budgeting and financial strategies of an MBA program focus on generating profit and appeasing stockholders. An MPA program, on the other hand, teaches professionals how to strategize in order to achieve the most benefit within the given budgetary parameters. In the public sector, the budget is often determined by outside entities but is monitored by the financial manager. A government or nonprofit entity does not exist for the purpose of making a profit but rather for making a difference.
Challenges and Opportunities
Budget and fiscal managers have the opportunity to help an organization manage its budgets effectively in order to meet its goals. These managers face the challenge of navigating budget cuts and riding out economic downturns while still trying to accomplish the same goals. There is also the challenge of communicating to colleagues why certain budget items are permissible while others are not. However, as a foundational function within any organization, there is always a demand for experienced public finance professionals.
Trends
In the public sector, increasing scrutiny of spending practices means greater job security for budget analysts. To find career outlook information for budget analysts, visit the Bureau of Labor Statistics website.
Managerial positions are often competitive. Because there are more people vying for the same positions, those with master’s degrees and relevant experience have the best opportunities. Access career outlook information for financial managers by visiting the Bureau of Labor Statistics website.
Follow These Budget and Fiscal Management Leaders on Twitter:
Resources List
{"admissionsEmail": "OnlineMPA@unc.edu", "degreeOffering": "unc-mpa", "fields": [{"hidden": false, "label": "What is your highest level of education completed?", "mountPoint": 1, "name": "level_of_education", "required": true, "type": 3, "value": {"defaultOption": "", "options": [{"label": "High School", "value": "High School"}, {"label": "Associate\u0027s", "value": "Associates"}, {"label": "Bachelor\u0027s", "value": "Bachelors"}, {"label": "Bachelor\u0027s in progress", "value": "Bachelors in progress"}, {"label": "Master\u0027s", "value": "Masters"}, {"label": "Master\u0027s in progress", "value": "Masters in progress"}, {"label": "Doctorate", "value": "Doctorate"}]}}, {"hidden": true, "label": "", "name": "no_klondike_gdpr_only_consent", "required": true, "type": 9, "value": {"gdprOnly": "false"}}, {"hidden": false, "mountPoint": 2, "name": "", "type": 7, "value": {"text": "Your personal data will be used as described in our [--link:https://onlinempa.unc.edu/legal/privacy-policy/ target:blank]privacy policy[link--]. You may opt out of receiving communications at any time. "}}], "grouping": "unc-mpa", "id": 199, "inferredFields": {"country": "country_name"}, "programsOfStudy": "5deaba21-c314-4382-a221-d4aca4df898f", "screens": [{"allFields": [0, 1], "conditional": {}, "out": {"0": ["$next", [{"data": "$valid"}]]}}], "version": "1.0.1"}
{"admissionsEmail": "OnlineMPA@unc.edu", "degreeOffering": "unc-mpa", "fields": [{"hidden": false, "label": "How many years of work experience?", "mountPoint": 1, "name": "work_experience", "required": true, "type": 3, "value": {"defaultOption": "", "options": [{"label": "less than 2", "value": "less than 2"}, {"label": "2-4", "value": "2-4"}, {"label": "5-7", "value": "5-7"}, {"label": "8-10", "value": "8-10"}, {"label": "More than 10", "value": "More than 10"}]}}, {"hidden": false, "label": "What was your undergraduate GPA?", "mountPoint": 1, "name": "stated_gpa_range", "required": true, "type": 3, "value": {"defaultOption": "", "options": [{"label": "4.00 and above", "value": "4.00 and above"}, {"label": "3.99-3.50", "value": "3.99-3.50"}, {"label": "3.49-3.00", "value": "3.49-3.00"}, {"label": "2.99-2.50", "value": "2.99-2.50"}, {"label": "2.49 and below", "value": "2.49 and below"}]}}, {"hidden": false, "label": "Have you taken the GRE, GMAT or LSAT?", "mountPoint": 1, "name": "test_taken", "required": true, "type": 3, "value": {"defaultOption": "", "options": [{"label": "GRE", "value": "GRE"}, {"label": "GMAT", "value": "GMAT"}, {"label": "LSAT", "value": "LSAT"}, {"label": "Registered but not taken", "value": "Registered but not taken"}, {"label": "None", "value": "None"}]}}, {"hidden": false, "label": "Are you military affiliated?", "mountPoint": 1, "name": "military_affiliation", "required": true, "type": 3, "value": {"defaultOption": "", "options": [{"label": "No", "value": "No"}, {"label": "Veteran", "value": "Veteran"}, {"label": "Active Duty", "value": "Active Duty"}, {"label": "Reserve", "value": "Reserve"}, {"label": "Spouse", "value": "Spouse"}, {"label": "Dependent", "value": "Dependent"}]}}, {"hidden": false, "label": "What is your highest level of education completed?", "mountPoint": 1, "name": "level_of_education", "required": true, "type": 3, "value": {"defaultOption": "", "options": [{"label": "High School", "value": "High School"}, {"label": "Associate\u0027s", "value": "Associates"}, {"label": "Bachelor\u0027s", "value": "Bachelors"}, {"label": "Bachelor\u0027s in progress", "value": "Bachelors in progress"}, {"label": "Master\u0027s", "value": "Masters"}, {"label": "Master\u0027s in progress", "value": "Masters in progress"}, {"label": "Doctorate", "value": "Doctorate"}]}}, {"hidden": false, "label": "First Name", "mountPoint": 1, "name": "first_name", "required": true, "type": 0, "value": {"text": ""}}, {"hidden": true, "label": "Country of Residence", "mountPoint": 1, "name": "country", "required": false, "type": 6, "value": {}}, {"hidden": false, "label": "Last Name", "mountPoint": 1, "name": "last_name", "required": true, "type": 0, "value": {"text": ""}}, {"conditionallyRendered": true, "hidden": false, "label": "Phone", "mountPoint": 1, "name": "phone", "required": true, "type": 0, "value": {"text": ""}}, {"hidden": false, "label": "Email", "mountPoint": 1, "name": "email", "required": true, "type": 0, "value": {"text": ""}}, {"hidden": false, "label": "Zip / Postal Code", "mountPoint": 1, "name": "zip_code", "required": false, "type": 0, "value": {"text": ""}}, {"hidden": false, "label": "State", "mountPoint": 1, "name": "state", "required": false, "type": 5, "value": {}}, {"hidden": true, "label": "Degree Interest", "mountPoint": 1, "name": "degree", "required": false, "type": 3, "value": {"defaultOption": "MPA", "options": [{"label": "MPA", "value": "MPA"}]}}, {"conditionallyRendered": true, "hidden": false, "label": "US Marketing Consent \u00f0\u009f\u0087\u00ba\u00f0\u009f\u0087\u00b8", "mountPoint": 1, "name": "lead_share_opt_in", "required": true, "type": 11, "value": {"checkboxText": "Please contact me about these educational programs.", "defaultChecked": true, "defaultRadio": "none", "disclaimer": "MPA@UNC\u0027s technology partner, 2U, Inc., and its family of companies, work with multiple universities to offer educational programs in public administration and other fields.", "format": "checkbox", "optInValue": "UNC-MPA Marketing", "smsHiddenConsent": false}}, {"conditionallyRendered": true, "hidden": false, "label": "GDPR Marketing Consent \u00f0\u009f\u0087\u00aa\u00f0\u009f\u0087\u00ba", "mountPoint": 1, "name": "lead_share_opt_in", "required": true, "type": 8, "value": {"disclaimer": "This personal data is collected and processed by [--link:https://2u.com/]2U, Inc.[link--], MPA@UNC\u0027s technology partner.", "leadShareOptIn": {"email": "Please email me about these educational programs.", "leadShareValue": "UNC-MPA Marketing", "phone": "", "sms": "", "text": "MPA@UNC\u0027s technology partner, [--link:https://2u.com/ target:blank]2U, Inc., and the 2U family of companies[link--], work with multiple universities to offer educational programs in public administration and other fields. "}, "retailOptIn": {"email": "Email", "phone": "Phone", "sms": "", "text": "Yes, I want to receive additional information about MPA@UNC. Please contact me via:"}}}, {"hidden": true, "label": "", "name": "no_klondike_gdpr_only_consent", "required": true, "type": 9, "value": {"gdprOnly": "false"}}, {"hidden": false, "mountPoint": 2, "name": "", "type": 7, "value": {"text": "Your personal data will be used as described in our [--link:https://onlinempa.unc.edu/legal/privacy-policy/ target:blank]privacy policy[link--]. You may opt out of receiving communications at any time. "}}], "grouping": "unc-mpa", "id": 199, "inferredFields": {"country": "country_name"}, "programsOfStudy": "5deaba21-c314-4382-a221-d4aca4df898f", "screens": [{"allFields": [4, 15], "conditional": {}, "out": {"1": ["$next", [{"data": "$valid"}]]}}, {"allFields": [0, 1, 2, 3], "conditional": {}, "out": {"2": ["$next", [{"data": "$valid"}]]}}, {"allFields": [5, 7, 9], "conditional": {}, "out": {"3": ["$next", [{"data": "$valid"}]]}}, {"allFields": [11, 10, 6, 8, 12, 13, 14, 16], "conditional": {"13": [1, "", [{"data": "state.no_klondike_gdpr_only_consent"}, {"data": "true"}, {"op": 1}, {"data": "state.no_klondike_carmen_sandiego_region"}, {"data": "eu"}, {"op": 1}, {"op": 7}]], "14": [1, "", [{"data": "state.no_klondike_gdpr_only_consent"}, {"data": "true"}, {"op": 0}, {"data": "state.no_klondike_carmen_sandiego_region"}, {"data": "eu"}, {"op": 0}, {"op": 8}]], "8": [3, "", [{"data": "state.no_klondike_carmen_sandiego_region"}, {"data": "eu"}, {"op": 0}]]}, "out": {"-1": ["$next", [{"data": "$valid"}]]}}], "version": "1.0.1"}