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The differences between finance account 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 finance account manager and a cost accounting manager. Additionally, a cost accounting manager has an average salary of $89,286, which is higher than the $68,403 average annual salary of a finance account manager.
The top three skills for a finance account manager include financial services, account management and financial analysis. The most important skills for a cost accounting manager are variance analysis, financial analysis, and reconciliations.
| Finance Account Manager | Cost Accounting Manager | |
| Yearly salary | $68,403 | $89,286 |
| Hourly rate | $32.89 | $42.93 |
| Growth rate | 17% | 17% |
| Number of jobs | 184,766 | 61,135 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The job of a finance account manager is to oversee, monitor, and evaluate the day-to-day activities of an organization's accounting department. As a finance account manager, you will perform a variety of tasks that may include assisting the accountant with reports and client settlement transactions, developing and implementing operational procedures and policies, and monitoring and analyzing accounting data. You will also be responsible for producing financial statements and reports and ensuring that the organization's financial accounting goals and objectives are met.
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.
Finance account managers and cost accounting managers have different pay scales, as shown below.
| Finance Account Manager | Cost Accounting Manager | |
| Average salary | $68,403 | $89,286 |
| Salary range | Between $46,000 And $100,000 | Between $67,000 And $118,000 |
| Highest paying City | San Francisco, CA | Boston, MA |
| Highest paying state | Pennsylvania | Connecticut |
| Best paying company | The New York Times Company | Microsoft |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a finance account manager and a cost accounting manager in terms of educational background:
| Finance Account Manager | Cost Accounting Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 78% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance account managers' and cost accounting managers' demographics:
| Finance Account Manager | Cost Accounting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.7% Female, 51.3% | Male, 71.7% Female, 28.3% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% 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 Percentage | 11% | 11% |