The average salary for a Cost Analyst in India is Rs 614,451.
MEDIAN Rs 614,451
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Rs 525k - Rs 1m
Rs 0 - Rs 35k
Rs 525k - Rs 1m
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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 s…Read more
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.
Explore the most common career paths for Cost Analyst. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Cost Analyst Job Listings
Popular Skills for Cost Analyst
Years of Experience
This data is based on 8 survey responses.