Average Salary
$78,260
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
37,693
Job Openings

Cost Accounting Manager Careers

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.

There is more than meets the eye when it comes to being a cost accounting manager. For example, did you know that they make an average of $37.62 an hour? That's $78,260 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

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.

When it comes to the most important skills required to be a cost accounting manager, we found that a lot of resumes listed 10.9% of cost accounting managers included financial statements, while 6.7% of resumes included cost reduction, and 6.5% of resumes included general ledger accounts. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the cost accounting manager job title. But what industry to start with? Most cost accounting managers actually find jobs in the manufacturing and technology industries.

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.

Choosing the right major is always an important step when researching how to become a cost accounting manager. When we researched the most common majors for a cost accounting manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on cost accounting manager resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a cost accounting manager. In fact, many cost accounting manager jobs require experience in a role such as cost accountant. Meanwhile, many cost accounting managers also have previous career experience in roles such as accounting manager or controller.

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Average Salary
$78,260
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
37,693
Job Openings

Cost Accounting Manager Career Paths

Top Careers Before Cost Accounting Manager

Top Careers After Cost Accounting Manager

Cost Accounting Manager Jobs You Might Like

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Average Salary for a Cost Accounting Manager

Cost Accounting Managers in America make an average salary of $78,260 per year or $38 per hour. The top 10 percent makes over $104,000 per year, while the bottom 10 percent under $58,000 per year.
Average Salary
$78,260
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Best Paying Cities For Cost Accounting Managers

City
ascdesc
Average Salarydesc
New York, NY
Salary Range81k - 130k$103k$103,150
Jersey City, NJ
Salary Range75k - 121k$96k$96,087
San Francisco, CA
Salary Range71k - 121k$93k$93,451
Round Rock, TX
Salary Range71k - 121k$93k$93,064
Boston, MA
Salary Range71k - 113k$90k$89,928
Savannah, GA
Salary Range67k - 107k$85k$85,016
Greenville, NC
Salary Range67k - 105k$85k$84,802
Englewood, CO
Salary Range67k - 104k$84k$83,734
Pittsburgh, PA
Salary Range66k - 104k$83k$83,328
Seattle, WA
Salary Range67k - 95k$81k$80,566
Chicago, IL
Salary Range63k - 97k$79k$78,575
Reno, NV
Salary Range60k - 99k$78k$77,654
Saint Louis, MO
Salary Range60k - 93k$75k$75,350
Florence, KY
Salary Range59k - 91k$74k$73,745
Milwaukee, WI
Salary Range58k - 91k$73k$73,476
Phoenix, AZ
Salary Range56k - 95k$73k$73,059
Columbia, SC
Salary Range57k - 90k$72k$71,882
Urban Honolulu, HI
Salary Range58k - 82k$70k$69,521
Beaverton, OR
Salary Range55k - 81k$67k$67,143
Palm Beach Gardens, FL
Salary Range50k - 84k$65k$65,217
$50k
$130k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Cost Accounting Manager
Jobot
08/05/2021
$90,00008/05/2021
Cost Accounting Manager
Robert Half
08/04/2021
$110,00008/04/2021
Cost Accounting Manager
Robert Half
08/03/2021
$100,00008/03/2021
Cost Accounting Manager
Robert Half
08/01/2021
$110,00008/01/2021
Senior Cost Accounting Manager
Robert Half
08/01/2021
$120,00008/01/2021
See More Recent Salaries

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Cost Accounting Manager Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Cost Accounting Manager. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Cost Accounting Manager Resume

At Zippia, we went through countless Cost Accounting Manager resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Cost Accounting Manager Resume Examples And Templates

Cost Accounting Manager Demographics

Gender

male

68.6 %

female

27.7 %

unknown

3.7 %

Ethnicity

White

67.1 %

Hispanic or Latino

13.9 %

Asian

9.7 %

Foreign Languages Spoken

Spanish

49.3 %

Chinese

7.5 %

Mandarin

7.5 %
Show More Cost Accounting Manager Demographics

Cost Accounting Manager Education

Majors

Business
27.7 %
Finance
8.8 %

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
Show More Cost Accounting Manager Education Requirements

Online Courses For Cost Accounting Manager That You May Like

Cost Accounting: Introduction to Management Accounting
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4.3
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Learn Cost Accounting for Management. Includes Process Costing, ABC Systems, Variance Analysis, Cash Budgets and more...

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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.

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 New York, New Jersey, Connecticut, and Maryland. Cost accounting managers make the most in New York with an average salary of $102,794. Whereas in New Jersey and Connecticut, they would average $95,971 and $95,389, respectively. While cost accounting managers would only make an average of $92,562 in Maryland, 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. New York

Total Cost Accounting Manager Jobs:
1,513
Highest 10% Earn:
$160,000
Location Quotient:
1.33
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Cost Accounting Manager Jobs:
353
Highest 10% Earn:
$148,000
Location Quotient:
1.2
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Delaware

Total Cost Accounting Manager Jobs:
168
Highest 10% Earn:
$136,000
Location Quotient:
1.51
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Cost Accounting Managers

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Top Cost Accounting Manager Employers

1. Cumming
4.5
Avg. Salary: 
$70,303
Cost Accounting Managers Hired: 
93+
2. Robert Half International
4.5
Avg. Salary: 
$82,263
Cost Accounting Managers Hired: 
56+
3. Faithful+Gould
4.4
Avg. Salary: 
$94,229
Cost Accounting Managers Hired: 
33+
4. Hewlett-Packard
4.8
Avg. Salary: 
$93,221
Cost Accounting Managers Hired: 
13+
5. Conagra Brands
4.7
Avg. Salary: 
$79,860
Cost Accounting Managers Hired: 
11+
6. The Coca-Cola Company
4.8
Avg. Salary: 
$90,559
Cost Accounting Managers Hired: 
11+

Cost Accounting Manager Videos

Updated August 18, 2021