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The differences between cost accounting managers and bank 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 cost accounting manager and a bank manager. Additionally, a bank manager has an average salary of $96,910, which is higher than the $89,286 average annual salary of a cost accounting manager.
The top three skills for a cost accounting manager include variance analysis, financial analysis and reconciliations. The most important skills for a bank manager are bank products, financial services, and business development.
| Cost Accounting Manager | Bank Manager | |
| Yearly salary | $89,286 | $96,910 |
| Hourly rate | $42.93 | $46.59 |
| Growth rate | 17% | 17% |
| Number of jobs | 61,135 | 66,136 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
Cost accounting managers and bank managers have different pay scales, as shown below.
| Cost Accounting Manager | Bank Manager | |
| Average salary | $89,286 | $96,910 |
| Salary range | Between $67,000 And $118,000 | Between $65,000 And $142,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Microsoft | Accenture |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a cost accounting manager and a bank manager in terms of educational background:
| Cost Accounting Manager | Bank Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between cost accounting managers' and bank managers' demographics:
| Cost Accounting Manager | Bank Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.7% Female, 28.3% | Male, 48.9% Female, 51.1% |
| Race ratio | 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% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |