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Salary and Benefits

Cost Accountant
$48K-$59K / yr. (est.)
$48K
$53,680 / year
$59K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Cost Accountant

What does a Cost Accountant do?

As Cost Accountants, our primary tasks include analyzing and managing financial information to determine the cost of business operations. We work with budgeting, performance evaluation, cost management, and asset management within a company. By monitoring variances and identifying trends, we help businesses improve their profitability and efficiency. We also ensure compliance with accounting standards and facilitate internal audits. Our role is critical in providing insights for strategic planning and decision-making.

Core tasks:

  • Preparing cost estimates and budgets
  • Analyzing and controlling costs
  • Monitoring financial performance and identifying areas for cost reduction
  • Ensuring compliance with accounting standards and regulations
  • Facilitating internal and external audits

Insights

How Many Years of Experience Do Professionals Need Before Becoming Cost Accountant?
On average, people work 3-5 years in other positions prior to becoming a Cost Accountant.
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Tax AdvisorChicago, IL - A year ago
Meh, I don't have time for this! I'm just gonna claim I'm a cost accountant and start doing it. Nobody checks anyway. 🤷
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AuditorNew York City, NY - A year ago
Oh wow, so people actually have to work their way up before becoming a cost accountant? That's interesting!
How Long Do Cost Accountant Employees Typically Stay in Their Roles?
On average, Cost Accountants works in this position for 3-5 years across multiple employers.
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Business ConsultantHouston, TX - A year ago
From a business consultant's standpoint, having cost accountants with varied experiences can bring immense value to clients by offering diverse insights and expert guidance.
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Production PlannerSeattle, WA - A year ago
🤷I don't see why cost accountants would switch so often. The job should provide stability, right? Anyone care to share their experiences?
What Is the Job Hopper Score for Cost Accountant Employees?
Frequent job changes in Cost Accountant, indicating a willingness to change companies and roles more frequently.
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Cost Accounting ManagerHouston, TX - A year ago
Hmm, it depends. If they're constantly seeking growth and better opportunities, it can be positive. But it also raises concerns about their ability to handle long-term commitments. 🤷
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AccountantMiami, FL - A year ago
I don't see an issue with it. Some might just be exploring their options and finding the right fit. We shouldn't judge solely based on job changes. 🤷

Career path

Path to job

Discover a Cost Accountant's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Cost Accountant typically studied at.
Indiana University-Purdue University-Indianapolis
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Cost Accountant Employees?
Gender ratio in Cost Accountant position: 0.576357179096905 Male and 0.423642820903095 Female. Age ratio in Cost Accountant position: 16-20: 6%, 21-30: 71%, 31-40: 15%, 41-50: 6%, 51-60: 2%, 60+: 0%. Cost Accountant position is predominantly male (57.6%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Cost AccountantPhiladelphia, PA - A year ago
Seriously?? Only 2% of professionals in this field are 51-60 years old or older? That's age discrimination right there! 👴
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Cost AccountantSan Francisco, CA - A year ago
I'm in my prime working years as a Cost Accountant, but seeing that only 6% in my age group are in this position makes me wonder if I need to switch careers. 😤

Workplaces

Who Are the Top Employers for Cost Accountant?
Top employers of Cost Accountant position: Boeing, Dean Foods, Northrop Grumman. People who work in Cost Accountant position most typically go on to work for the Boeing.
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Cost AccountantSeattle, WA - A year ago
I've been working at Dean Foods for years, why isn't it listed as a top employer? 🤔
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Cost AccountantNew York City, NY - A year ago
I've heard good things about working at Boeing, but what about other career opportunities in this field? Any advice? 💼
Boeing
Dean Foods
Northrop Grumman
What Industries Does Cost Accountant Typically Have Experience In?
Industry Background: The most typical industries of Cost Accountant: Manufacturing, Retail, Construction, Information Technology, Professional / Scientific / Technical. Cost Accountant employees most likely come from a Manufacturing industry background.
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Cost AccountantHouston, TX - A year ago
It's not just about cutting costs, you know? We also help identify areas of waste and inefficiency, ultimately leading to better financial health for the company. 👍
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Cost AccountantMiami, FL - A year ago
I love being a cost accountant. Crunching numbers, analyzing data, and finding ways to optimize costs gives me a sense of accomplishment. Plus, the demand for this role is always high! 🙌

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Discussion about Cost Accountant

Want to know more about Cost Accountant position?
Share your thoughts and ideas about Cost Accountant position with others in our community.
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Do a lot of women work as a Cost Accountant?
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Liam Brown3 years ago
This is a well balanced profession, about half of the people are women.
How old are people who work as a Cost Accountant?
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Isabella Holmes3 years ago
28 is the average age of people working as a Cost Accountant.
How much experience is typically required to work as a Cost Accountant?
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Isabella Holmes3 years ago
You should work for 4 years on average to become a Cost Accountant.
Which industries have a lot of people working in Cost Accountant roles?
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Isabella Holmes3 years ago
Manufacturing is the most probable for a Cost Accountant to work in.
Do I need a degree to work as a Cost Accountant?
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Benjamin Gardner3 years ago
A Bachelor of Science degree could not hurt if you want to be a Cost Accountant
Which company employs the most people in the Cost Accountant role?
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Liam Brown3 years ago
Boeing, Dean Foods, Northrop Grumman, Robert Half and Thermo Fisher Scientific employs the most people in the Cost Accountant role.
How many years do people work as a Cost Accountant before changing their role?
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Isabella Holmes3 years ago
On average people change after 4 years.
Is it frequent for people to switch companies and still work as a Cost Accountant?
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Isabella Holmes3 years ago
Getting experience working for multiple companies is typical for a Cost Accountant.
What occupations do people usually work in before becoming a Cost Accountant?
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Benjamin Gardner3 years ago
Accountant, Staff Accountant or Financial Analyst are the typical prior positions for a Cost Accountant
What are the typical next steps for someone working as a Cost Accountant?
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Benjamin Gardner3 years ago
Financial Analyst, Accountant or Controller can be a good next step
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