Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between asset analysts and cost analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an asset analyst and a cost analyst. Additionally, an asset analyst has an average salary of $72,242, which is higher than the $54,158 average annual salary of a cost analyst.
The top three skills for an asset analyst include asset management, fixed assets and real estate. The most important skills for a cost analyst are cost analysis, financial analysis, and cost estimates.
| Asset Analyst | Cost Analyst | |
| Yearly salary | $72,242 | $54,158 |
| Hourly rate | $34.73 | $26.04 |
| Growth rate | 9% | 3% |
| Number of jobs | 67,864 | 60,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average age | 40 | 47 |
| Years of experience | 4 | 4 |
Asset analysts are accounting professionals who specialize in the management of the company's assets. They maintain the company's record of assets. They ensure that their database is updated. They also ensure that all physical assets are properly maintained. Asset analysts prepare reports related to these assets and draft recommendations as needed. They also keep themselves updated on the current trends in both the industry and in the economic market. They should always be on the lookout for possible asset acquisitions to improve the company's economic standing.
Cost Analysts are employees with a strong background in finance or accounting. They are in charge of collecting financial data and analyzing the entries. They study the company's expenses and prepare pertinent reports. Cost Analysts look for inconsistencies in the financial data. This way, they can assist in auditing the company's spending. Cost Analysts also look for inefficiencies. They do so by tracking item costs and department budgets and monitoring department expenses. They are also involved in budget-setting activities.
Asset analysts and cost analysts have different pay scales, as shown below.
| Asset Analyst | Cost Analyst | |
| Average salary | $72,242 | $54,158 |
| Salary range | Between $47,000 And $109,000 | Between $39,000 And $73,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Massachusetts | Virginia |
| Best paying company | Pacific Investment Management Company LLC | General Motors |
| Best paying industry | Finance | Automotive |
There are a few differences between an asset analyst and a cost analyst in terms of educational background:
| Asset Analyst | Cost Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between asset analysts' and cost analysts' demographics:
| Asset Analyst | Cost Analyst | |
| Average age | 40 | 47 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 54.2% Female, 45.8% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 10.1% Unknown, 4.7% Hispanic or Latino, 16.1% Asian, 8.6% White, 59.5% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 7% | 13% |