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Cost Analyst Salary

A Cost Analyst earns an average salary of $56,365 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
$40,544 - $85,102
(Median)
41K
56K
70K
85K
MEDIAN: $56,365
10%
50%
75%
90%

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$15.12 - $37.05
(Median)
15
22
29
37
MEDIAN: $21.00
10%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$40,544 - $85,102  
   
Bonus
$0.00 - $6,724  
Profit Sharing
$204.26 - $7,386  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,656 - $86,707  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 653
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$19$38$57
Hourly Rate
$15.12 - $37.05  
   
Overtime
$22.30 - $56.72  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $6,724  
   
Profit Sharing
$204.26 - $7,386  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,656 - $86,707  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 94
United States (change)

Job Description for Cost Analyst

Cost analysts are responsible for analyzing and controlling a company's expenses. Their main tasks include developing standard costs, determining product costs, creating a budget, and analyzing differences in company costs and standard costs. They are also in charge of preparing statements and reports, sharing information with colleagues as needed, supervising audit files, attending meetings and projects requiring financial input, and training certain managers in cost management. Cost analysts should be familiar with accounting and cost-management software, as well as basic computer software such as the Microsoft Office suite. They should have a good understanding of database principles and should be able to communicate well orally and in writing. Some good skills for cost analysts to have include the ability to work in a team as well as alone, organization, resourcefulness, the ability to manage priorities and deadlines, and the ability to solve problems. Cost analysts usually work alone, but they also work with supervisors to explain financial issues and provide other coworkers with any needed training.

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Cost Analyst Tasks

  • Analyze actual compared to standard costs for ongoing expenses, and identify opportunities and risks.
  • Assist in developing annual operations plan and estimating new product costs, including economic analysis.
  • Perform cost-benefit analyses, and recommend process improvements and unit changes to reduce costs.
  • Maintain pricing and inventory system data quality.

Common Career Paths for Cost Analyst


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Cost Analyst Job Listings

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Popular Skills for Cost Analyst

Pay by Experience Level for Cost Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

Related Job Salaries

Experience Affects Cost Analyst Salaries




National Average
$56,000


Skills That Affect Cost Analyst Salaries




Accounting
up arrow 4%

Microsoft Excel
up arrow 3%

National Average
$56,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 205 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
5%
1-4 years
50%
5-9 years
24%
10-19 years
14%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 69% employee benefits None: 8%