Budget Analyst salary in Colombia

Average Yearly Salary of Budget Analyst in Colombia is approximately 36,459,560 COP (8,096 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Budget Analyst do?

A budget analyst is responsible for analyzing and managing an organization's financial resources. They work closely with department heads and executives to develop, monitor, and maintain budgets, ensuring that funds are allocated appropriately and in line with organizational goals. Budget analysts review financial data, forecasts, and reports to identify trends, potential areas of improvement, and cost-saving opportunities. They also provide recommendations on budget adjustments and reallocations to optimize resource utilization. Additionally, budget analysts may conduct financial audits, prepare financial reports, and assist in the preparation of budget proposals.

Skills: budget management, financial analysis, resource allocation, cost control, financial planning, financial reporting
Job industry: Finance

How much does Budget Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Budget Analyst a well paid job?

Yes, our data shows that Budget Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Budget Analyst?

High salary for Budget Analyst would be somewhere between 40,105,516 COP and 52,866,362 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Budget Analyst in Colombia?

Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 36,459,560 COP
Estimated Monthly Salary: 3,038,297 COP
Estimated Weekly Salary: 701,145 COP per week
Estimated Hourly Salary: 17,529 COP per hour
By working as Budget Analyst a person can save up to 414 USD per month or 4,971 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Colombia, see costs of living in Colombia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Budget Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Colombia

Data as of 2025

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