Senior Cost Accountant Salary

With just under three-fifths of Senior Cost Accountants in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $53K to $91K per year and averages out to $70K per year. Total cash compensation for Senior Cost Accountants runs from $53K to $91K depending on bonuses that can occasionally exceed $9K and profit sharing that can reach almost $6K. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. Most Senior Cost Accountants report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$52,469 - $87,317
(Median)
$52K
$70K
$87K
MEDIAN: $69,751
10%
50%
90%

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$15.10 - $37.75
(Median)
$15
$20
$38
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$31K$62K$93K
Salary
$52,469 - $87,317  
   
Bonus
$0.00 - $9,443  
Profit Sharing
$-0.49 - $5,872  
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).
)
$52,672 - $91,145  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 330
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19$38$57
Hourly Rate
$15.10 - $37.75  
   
Overtime
$26.13 - $55.38  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $9,443  
   
Profit Sharing
$-0.49 - $5,872  
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).
)
$52,672 - $91,145  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 10
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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.

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Popular Skills for Senior Cost Accountant


Survey results suggest that Senior Cost Accountants use a fairly large toolkit of professional skills. Most notably, skills in Data Analysis, Financial Analysis, Cost Accounting, and Financial Reporting are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Financial Reporting. Most people experienced in 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.


For many Senior Cost Accountants, extensive experience does not lead to significantly more money. 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. Senior Cost Accountants who work for 10 to 20 years in their occupation tend to earn about $75K. Senior Cost Accountants who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $78K.

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.

Related Job Salaries

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Experience Affects Senior Cost Accountant Salaries



National Average
$71,000


Entry-Level
up arrow 9%

Skills That Affect Senior Cost Accountant Salaries

Data Analysis
0%

National Average
$71,000

Financial Analysis
up arrow 1%

Cost Accounting
up arrow 2%

Financial Reporting
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
27%
10-19 years
39%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 87%
medical benefits
Vision: 72%
dental benefits
None: 5%
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