Senior Cost Accountant Salary

Senior Cost Accountants in the United States tend to have a good amount of experience under their belt — just below three-fifths have more than 10 years in the field. While pay runs from $52K to $89K per year, median earnings come to $69K per year. Total cash compensation to Senior Cost Accountants bottoms out near $52K and approaches $89K on the high end; the biggest paychecks include approximately $8K from bonuses and almost $6K from profit sharing. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. For the most part, Senior Cost Accountants enjoy their work and report high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$52,221 - $86,556
(Median)
$52K
$69K
$87K
MEDIAN: $69,370
10%
50%
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$30K$60K$90K
Salary
$52,221 - $86,556  
   
Bonus
$0.00 - $8,225  
Profit Sharing
$961 - $6,183  
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).
)
$52,423 - $89,387  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 275
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Job Description for Senior Cost Accountant

A senior cost accountant has many responsibilities related to financial reporting and cost analysis. Generally, the senior cost accountant is responsible for maintaining detailed costs in the company's system and providing cost analysis which supports operations and sales and contributes to the company's success.

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Senior Cost Accountant Tasks

  • Review, analyze, track, inventory and reconcile stock variances; provide management with monthly inventory reports.
  • Assist in developing cost accounting procedures.
  • Oversee the preparation and analysis of cost reports and monthly closing documents.

Senior Cost Accountant Job Listings

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Popular Skills for Senior Cost Accountant


Survey takers who work as Senior Cost Accountants usually report a few specific skills. Those who have experience with Financial Analysis, Cost Accounting, and Microsoft Excel can expect to be compensated well for these skills. At the other end of the pay range are skills like Microsoft Excel. Most people familiar with Cost Accounting also know Microsoft Excel.

Pay by Experience Level for Senior Cost Accountant

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


Experience does not seem to be a strong driver of pay increase in this role. Average salaries for inexperienced employees average out to around $64K, but folks who have five to 10 years of experience earn a higher median of $69K. The average pay reported by folks with 10 to 20 years of experience is around $76K. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Senior Cost Accountant Reviews

What is it like working as a Senior Cost Accountant?

Senior Cost Accountant in Canton:
Pros: I love being a cost accountant. Where else do you get paid to find everyone's mistakes.
Cons: Pay structure, communication, no room to advance.

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Experience Affects Senior Cost Accountant Salaries

Late-Career
up arrow 8%

Experienced
up arrow 7%

National Average
$71,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 9%

Skills That Affect Senior Cost Accountant Salaries

Financial Analysis
0%

National Average
$71,000

Cost Accounting
up arrow 2%

Microsoft Excel
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
0%
1-4 years
15%
5-9 years
29%
10-19 years
38%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 71% employee benefits None: 4%
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