$63,682
Avg. Salary
Avg. Hourly Rate
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The average pay for a Cost Analyst in Boston, Massachusetts is {{pay}} per hour.

The average pay for a Cost Analyst in Boston, Massachusetts is $63,682 per year.

$0
10%
$0
50%
$0
90%
MEDIAN $0
$50k
10%
$64k
50%
$119k
90%
MEDIAN $63,682
$50,335 - $119,195
$50K
$64K
$120K
MEDIAN: $63,682
10%
50%
90%

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$0$119K
Salary $50,335 - $119,195
Bonus $6,000
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).
)
$55,369 - $119,195
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2018
  • Individuals Reporting: 10

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.

About Boston, Massachusetts

Suffolk County, Massachusetts
669,469
Male:
322,149 (48.1%)
Female:
347,320 (51.9%)
Boston (pronounced /ˈbɒstən/ BOSS-tən) is the capital and most populous city of the Commonwealth of Massachusetts in the United States. Boston is also the seat of Suffolk County, although the county government was disbanded on July 1, 1999. The city proper covers 48 square miles (124 km2) with an estimated population of 667,137 in 2015, making it the largest city in New England and the 23rd most populous city in the United States. The city is the economic and cultural anchor of a substantially larger metropolitan area called Greater Boston, home to 4.7 million people and the tenth-largest metropolitan statistical area in the country. Greater Boston as a commuting region is home to 8.1 million people, making it the sixth-largest combined statistical area in the United States. One of the oldest cities in the United States, Boston was founded on the Shawmut Peninsula in 1630 by Puritan settlers from England. It was the scene...
Boston:
$58,263
Massachusetts:
$70,628
$1,423
Boston:
$453,000
Massachusetts:
$352,100
4.6%

Cost Analyst Job Listings

Key Stats for Cost Analyst

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.
1-4 years
50%
5-9 years
40%
20 years or more
10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

1-4 years
50%
5-9 years
40%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 88%
vision benefits
Vision: 75%
no benefits
None: