A Cost Analyst earns an average salary of C$56,109 per year. People in this job generally don't have more than 20 years' experience.

C$39,986 - C$82,997
C$40K
C$56K
C$83K
MEDIAN: C$55,883
10%
50%
90%
C$15.96 - C$46.05
C$16
C$24
C$46
MEDIAN: C$24.40
10%
50%
90%
C$0C$85K
Salary C$39,986 - C$82,997
Bonus C$505 - C$9,899
Profit Sharing C$1,650
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).
)
C$38,420 - C$85,209
  • Country: Canada
  • Currency: CAD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 111
Hourly Data C$0C$46
Hourly Rate C$15.96 - C$46.05
Overtime C$38.14
Annual Data C$0C$85K
Bonus C$505 - C$9,899
Profit Sharing C$1,650
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).
)
C$38,420 - C$85,209
  • Country: United States
  • Currency: CAD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 24

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

  • Perform cost-benefit analyses, and recommend process improvements and unit changes to reduce costs.
  • Maintain pricing and inventory system data quality.
  • 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.

Cost Analyst Job Listings

Pay Difference by Location

National Average: C$56,477

Larger city markers indicate a job is popular in that location.

Cost Analyst Reviews

Q: What is it like working as a Cost Analyst?

Cost Analyst in Calgary:
Pros: Having the trust to do my job, not too stressful.
Cons: Not too challenging.

Related Job Salaries

Key Stats for Cost Analyst

Gender

Female
61 %
Male
39 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.
Less than 1 year
7%
1-4 years
50%
5-9 years
26%
10-19 years
13%
20 years or more
5%

Experience Affects Cost Analyst Salaries

▲21%

▲3%

National Average
C$56,000

▼4%

Skills That Affect Cost Analyst Salaries

Financial Analysis
▲1%

National Average
C$56,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
7%
1-4 years
50%
5-9 years
26%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 59%
no benefits
None: 8%