Cost Accounting Managers set up material, labor cost benchmarks, cost accounting systems design, and implementation. These professionals examine and recommend cost-cutting measures in the manufacturing process. Furthermore, they compile a corporation or organization's financial reports. These financial experts gather, evaluate, and compile pertinent data for senior management to consider when making financial decisions. Examining operational data, analyzing manufacturing costs, and gathering accounting data from numerous departments are some of the responsibilities of a Cost Accounting Manager. They play a crucial part in the production budget as well as the development of new cost-cutting initiatives.

Outstanding analytical, organizational, and communication abilities are valuable skill sets that are required. You must have a cutting-edge understanding of the financial world, and a bachelor's degree in accounting, finance, or a related discipline is usually required. Prior managerial experience and expertise in enterprise resource planning tools can also help. Cost Accounting Managers earn between $75,326 and $133,521 yearly.

What Does a Cost Accounting Manager Do

There are certain skills that many cost accounting managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed organizational skills, analytical skills and communication skills.

Learn more about what a Cost Accounting Manager does

How To Become a Cost Accounting Manager

If you're interested in becoming a cost accounting manager, one of the first things to consider is how much education you need. We've determined that 78.2% of cost accounting managers have a bachelor's degree. In terms of higher education levels, we found that 14.5% of cost accounting managers have master's degrees. Even though most cost accounting managers have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become a Cost Accounting Manager

Cost Accounting Manager Career Paths

Average Salary for a Cost Accounting Manager

Cost Accounting Managers in America make an average salary of $89,286 per year or $43 per hour. The top 10 percent makes over $118,000 per year, while the bottom 10 percent under $67,000 per year.
Average Cost Accounting Manager Salary
$89,286 Yearly
$42.93 hourly
$67,000
10 %
$89,000
Median
$118,000
90 %

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Cost Accounting Manager Education

Cost Accounting Manager Majors

27.7 %
8.8 %

Cost Accounting Manager Degrees

Bachelors

78.2 %

Masters

14.5 %

Associate

5.3 %

Top Colleges for Cost Accounting Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Enrollment
9,394

9. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

10. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

Top Skills For a Cost Accounting Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 10.9% of cost accounting managers listed financial statements on their resume, but soft skills such as organizational skills and analytical skills are important as well.

Choose From 10+ Customizable Cost Accounting Manager Resume templates

Zippia allows you to choose from different easy-to-use Cost Accounting Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Cost Accounting Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Cost Accounting Manager Demographics

Cost Accounting Manager Gender Distribution

Male
Male
72%
Female
Female
28%

After extensive research and analysis, Zippia's data science team found that:

  • Among cost accounting managers, 28.3% of them are women, while 71.7% are men.

  • The most common race/ethnicity among cost accounting managers is White, which makes up 68.1% of all cost accounting managers.

  • The most common foreign language among cost accounting managers is Spanish at 49.3%.

Online Courses For Cost Accounting Manager That You May Like

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Cost Accounting: Introduction to Management Accounting
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Best States For a Cost Accounting Manager

Some places are better than others when it comes to starting a career as a cost accounting manager. The best states for people in this position are Connecticut, Massachusetts, Maryland, and Texas. Cost accounting managers make the most in Connecticut with an average salary of $103,160. Whereas in Massachusetts and Maryland, they would average $99,722 and $94,251, respectively. While cost accounting managers would only make an average of $93,700 in Texas, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Connecticut

Total Cost Accounting Manager Jobs:
353
Highest 10% Earn:
$138,000
Location Quotient:
1.2

2. Massachusetts

Total Cost Accounting Manager Jobs:
884
Highest 10% Earn:
$134,000
Location Quotient:
1.08

3. Nevada

Total Cost Accounting Manager Jobs:
185
Highest 10% Earn:
$129,000
Location Quotient:
1
Full List Of Best States For Cost Accounting Managers

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Top Cost Accounting Manager Employers

Most Common Employers For Cost Accounting Manager

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1PACCAR$103,900$49.956
2P&G$98,356$47.2910
3Lucent$98,290$47.256
4Tyson Foods$96,439$46.367
5Skechers$96,287$46.296
6TRW Automotive Holdings$95,663$45.996
7Gardner Denver$95,256$45.809
8Faithful+Gould$95,173$45.7633
9BAE Systems$94,171$45.276
10Johnson & Johnson$93,849$45.128

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