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Banking center manager vs cost accounting manager

The differences between banking center managers and cost accounting managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a banking center manager and a cost accounting manager. Additionally, a banking center manager has an average salary of $128,585, which is higher than the $89,286 average annual salary of a cost accounting manager.

The top three skills for a banking center manager include business development, bank products and bank policies. The most important skills for a cost accounting manager are variance analysis, financial analysis, and reconciliations.

Banking center manager vs cost accounting manager overview

Banking Center ManagerCost Accounting Manager
Yearly salary$128,585$89,286
Hourly rate$61.82$42.93
Growth rate17%17%
Number of jobs87,07861,135
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 78%
Average age4646
Years of experience88

What does a banking center manager do?

A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.

What does a cost accounting manager do?

A cost accounting manager is responsible for analyzing and evaluating pricing and costing systems of the goods and services of an organization, ensuring its adherence to the internal guidelines and state regulations. Cost accounting managers review business and financial transactions to generate accounting reports for management reference. They also identify business opportunities that would provide revenue resources and profits by monitoring industry trends and public demands. A cost accounting manager must have excellent analytical skills and accounting principles knowledge, especially in resolving account and expense discrepancies.

Banking center manager vs cost accounting manager salary

Banking center managers and cost accounting managers have different pay scales, as shown below.

Banking Center ManagerCost Accounting Manager
Average salary$128,585$89,286
Salary rangeBetween $95,000 And $173,000Between $67,000 And $118,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Microsoft
Best paying industry-Manufacturing

Differences between banking center manager and cost accounting manager education

There are a few differences between a banking center manager and a cost accounting manager in terms of educational background:

Banking Center ManagerCost Accounting Manager
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 78%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Banking center manager vs cost accounting manager demographics

Here are the differences between banking center managers' and cost accounting managers' demographics:

Banking Center ManagerCost Accounting Manager
Average age4646
Gender ratioMale, 47.0% Female, 53.0%Male, 71.7% Female, 28.3%
Race ratioBlack or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.3% White, 63.9% American Indian and Alaska Native, 0.3%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 9.2% White, 64.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between banking center manager and cost accounting manager duties and responsibilities

Banking center manager example responsibilities.

  • Manage and increases the efficiency of support services such as human resources, develops individual program budgets; handles payroll.
  • Manage local beauty-supply branch and are responsible for performing payroll, completing all store inventory, and hiring new employees.
  • Support clinicians by regularly communicating on center s status, managing patient correspondence, fulfilling pharmaceutical needs, and discharging patients.
  • Assure compliance with AABB, JCAHO, FDA, CLIA, OSHA, and NAACLS standards.
  • Review daily, monthly QC, and temp checks.
  • Ensure compliance with governing agencies such as CLIA, API, OSHA and AABB.
  • Show more

Cost accounting manager example responsibilities.

  • Manage the monthly analysis of variances which include PPV, MUV, substitution and labor.
  • Lead ERP system integration team and restructure manufacturing accounting system of newly acquire facility.
  • Manage payroll and all taxation matters, coordinate independent audit; communicate with outside organizations and agencies.
  • Direct the development, administration, and standards necessary to maintain financial controls in compliance with GAAP and SOX.
  • Provide financial management of inventories for multiple facilities to include book-to-physical account reconciliations, inventory projections and reduction plans.
  • Maintain standard cost integrity including annual standard changes, inventory valuation, monthly closings, account reconciliations and annual budgeting.
  • Show more

Banking center manager vs cost accounting manager skills

Common banking center manager skills
  • Business Development, 7%
  • Bank Products, 7%
  • Bank Policies, 6%
  • Customer Relationships, 6%
  • Regulatory Compliance, 4%
  • Secrecy, 4%
Common cost accounting manager skills
  • Variance Analysis, 5%
  • Financial Analysis, 5%
  • Reconciliations, 4%
  • Financial Reports, 4%
  • Product Cost, 4%
  • ERP, 4%

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