The average salary for a Cost Accounting Manager is $87,621.
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What Do Cost Accounting Managers Do?
A cost accounting manager is usually a supervisor or department manager for a specialized accounting group within a company. This person is primarily concerned with collecting accounting and financial data related to assets and liabilities gained and incurred by the various departments within the company. The cost accounting manager will typically offer frequent reports and accounting analysis to upper management related to opportunities to control costs and wastes and increase profitability.
Cost Accounting Manager Tasks
- Analyze the costs of materials, processes, and labor to determine methods of reducing production costs.
- Develop and implement a company's cost control procedures and policies.
- Prepare product cost statements, investigating products to establish manufacturing costs.
- Contribute to creating budgets and ensure production costs remain within budget.
Job Satisfaction for Cost Accounting Manager
Popular Employer Salaries for Cost Accounting Manager
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Somewhat common (8 - 20%)
Cost Accounting Manager Job Listings
What Are Popular Skills for Cost Accounting Managers?
Skills in Cost Accounting, Financial Analysis and Financial Reporting are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office and Microsoft Excel.
What is the Pay by Experience Level for Cost Accounting Managers?
An early career Cost Accounting Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $75,642 based on 32 salaries. A mid-career Cost Accounting Manager with 5-9 years of experience earns an average total compensation of $84,569 based on 70 salaries. An experienced Cost Accounting Manager with 10-19 years of experience earns an average total compensation of $92,201 based on 105 salaries. In their late career (20 years and higher), employees earn an average total compensation of $89,867.
Pay Difference by Location
Employees with Cost Accounting Manager in their job title in Houston, Texas earn an average of 9.0% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (3.6% more) and Dallas, Texas (1.6% more). The lowest salaries can be found in Cincinnati, Ohio (22.9% less), New York, New York (10.6% less) and Fort Worth, Texas (4.7% less).
Years of Experience
This data is based on 277 survey responses.