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Salary and Benefits

Cost Analyst
$48K-$59K / yr. (est.)
$48K
$53,806 / 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 Analyst

What does a Cost Analyst do?

As Cost Analysts, we perform regular tests of the company’s data and work with accountants to analyze it in order to offer specific answers to problems such as how to boost the company’s cost-effectiveness of current operations. We recommend appropriate changes in operating procedures to boost the payment and procurement processes’ efficiencies while performing research on competitor costs and showing awareness of the latest industry developments. We also produce regular reports to senior management on money-saving strategies and analyze the current market for potential growth opportunities as well as risks.

Core tasks:

  • develop, and advocate for new cost management policies
  • partake in estimating new products’ costs

Insights

How Many Years of Experience Do Professionals Need Before Becoming Cost Analyst?
On average, people work 5-7 years in other positions prior to becoming a Cost Analyst.
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IT SpecialistPhoenix, AZ - A year ago
Whoa, this infographic has me rethinking my career options! I definitely want to move towards becoming a Cost Analyst now!
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Registered NurseNew York City, NY - A year ago
🤨 5-7 years?! I thought the transition to becoming a Cost Analyst would be quicker. That's good info to know.
How Long Do Cost Analyst Employees Typically Stay in Their Roles?
On average, Cost Analysts works in this position for 3-5 years across multiple employers.
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Student AdministrationHouston, TX - A year ago
It seems like a lot of turnover, but maybe it's because Cost Analysts are always looking for the next best thing to maximize their earnings potential. 💸
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AccountantPhiladelphia, PA - A year ago
I'm not surprised by the turnover. The cost analysis field has limited growth and can become monotonous as the years go by. 😐
What Is the Job Hopper Score for Cost Analyst Employees?
Moderate job changes in Cost Analyst, showing some career movement without excessive turnover.
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Customer Service RepresentativeLos Angeles, CA - A year ago
Seems like Cost Analysts have a cushy 9-5. Unlike us, they don't have to deal with angry customers all day. Must be nice! 😒
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Marketing SpecialistHouston, TX - A year ago
Interesting data! Getting moderate changes in the job market is always a good move for professionals like Cost Analysts. Way to go! 🎉

Career path

Path to job

Discover a Cost Analyst's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Cost Analyst typically studied at.
Michigan State University
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Cost Analyst Employees?
Gender ratio in Cost Analyst position: 0.610391310037953 Male and 0.389608689962047 Female. Age ratio in Cost Analyst position: 16-20: 5%, 21-30: 70%, 31-40: 17%, 41-50: 6%, 51-60: 2%, 60+: 0%. Cost Analyst position is predominantly male (61.0%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Cost AnalystSan Francisco, CA - A year ago
Wait, so we're saying there are zero Cost Analysts above 60? Ageism and lack of diversity strike again! 😤
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Cost AnalystPhiladelphia, PA - A year ago
Why are we still discussing outdated gender stereotypes? Jobs shouldn't have gender or age/preference! Let's break these barriers! 💪

Workplaces

Who Are the Top Employers for Cost Analyst?
Top employers of Cost Analyst position: Boeing, Northrop Grumman, Turner Construction. People who work in Cost Analyst position most typically go on to work for the Boeing.
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Cost AnalystSan Francisco, CA - A year ago
👎I've seen better infographics. Turner Construction is never mentioned as a major player when discussing top employers for Cost Analyst positions.
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Cost AnalystNew York City, NY - A year ago
Being a Cost Analyst at Northrop Grumman has been a great journey for me. They provide excellent career development opportunities. 💪
Boeing
Northrop Grumman
Turner Construction
What Industries Does Cost Analyst Typically Have Experience In?
Industry Background: The most typical industries of Cost Analyst: Manufacturing, Retail, Information Technology, Construction, Professional / Scientific / Technical. Cost Analyst employees most likely come from a Manufacturing industry background.
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Cost AnalystHouston, TX - A year ago
Y'all just don't understand how tough it is being a Cost Analyst in the IT industry. The constant changes in technology and ever-increasing data analysis requirements can drive a person mad! 🤯
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Cost AnalystPhiladelphia, PA - A year ago
Being a Cost Analyst in the professional services industry is no joke. The complexities of managing project budgets, billing, and client demands often make me feel like I'm juggling fireballs! 🔥

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Discussion about Cost Analyst

Want to know more about Cost Analyst position?
Share your thoughts and ideas about Cost Analyst position with others in our community.
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How balanced is the gender diversity among people working as a Cost Analyst?
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Isabella Holmes3 years ago
40% are women in this profession only.
What is the typical age to work as a Cost Analyst?
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Liam Brown3 years ago
28 is the average age of people working as a Cost Analyst.
How many years of experience do you usually have as a Cost Analyst?
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Isabella Holmes3 years ago
You should work for 6 years on average to become a Cost Analyst.
What industries does a Cost Analyst typically work in?
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Sophie Hayes3 years ago
For a Cost Analyst it’s the most likely to work in the Manufacturing.
What kind of degree is needed to work as a Cost Analyst?
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Benjamin Gardner3 years ago
A Bachelor of Science degree could not hurt if you want to be a Cost Analyst
As a Cost Analyst, which company should I definitely check out for jobs?
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Isabella Holmes3 years ago
Most people work for Boeing, Northrop Grumman, Turner Construction, United States Air Force and US Foods
How many years do people spend as a Cost Analyst in their career path?
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Isabella Holmes3 years ago
On average people change after 4 years.
How likely is it for people working as a Cost Analyst to switch companies still working as a Cost Analyst?
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Isabella Holmes3 years ago
On average a Cost Analyst works for only a few companies.
What work history do people usually have before becoming a Cost Analyst?
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Sophie Hayes3 years ago
Typical prior positions for a Cost Analyst are Financial Analyst, Cost Accountant or Accountant
If I’m working as a Cost Analyst, what next position could I have?
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Isabella Holmes3 years ago
Changing from a Cost Analyst to Financial Analyst, Cost Accountant or Accountant is a typical career path.
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Disclaimer

informationLENSA generates certain information provided on this website by compiling and analyzing publicly available data and data from employees/former employees. All company names are the registered trademarks of their original owners. The use of any trade name or trademark does not imply any association with the third-party company. None of the information provided is endorsed in any way by any of the companies mentioned. We do not guarantee the accuracy, currency, or suitability of this information (including regarding demographics or salary estimate) and you are responsible for how you use it. ALL INFORMATION IS PROVIDED “AS IS” AND “WITH ALL FAULTS”. We are not responsible for nor endorse third party content on our website. If you notice any inaccurate information or information you think is proprietary you can email us at [email protected]. See our Terms and Conditions and Community Guidelines for more information.