£24,316
Avg. Salary
Avg. Hourly Rate
Help us gather more data! Is Cost Analyst your job title? Find out what you're worth.

The average pay for a Cost Analyst is {{pay}} per hour.

The average pay for a Cost Analyst is £24,316 per year.

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£20k
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£24k
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£35k
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MEDIAN £24,316
£20,427 - £34,765
£20K
£24K
£35K
MEDIAN: £24,316
10%
50%
90%
£0£35K
Salary £20,427 - £34,765
Bonus £1,750
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).
)
£20,427 - £35,014
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 13 Feb 2019
  • Individuals Reporting: 30

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

Related Job Salaries

Key Stats for Cost Analyst

Gender

Female
21 %
Male
79 %
Less than 1 year
10%
1-4 years
63%
5-9 years
20%
10-19 years
7%

Experience Affects Cost Analyst Salaries

Entry-Level
▲4%

Mid-Career
▲3%

National Average
₤25,000

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
10%
1-4 years
63%
5-9 years
20%
10-19 years
7%

Common Health Benefits

medical benefits
Medical: 22%
dental benefits
Dental: 4%
vision benefits
Vision: 13%
no benefits
None: 70%