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The differences between management accounts 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 management accounts manager and a cost accounting manager. Additionally, a management accounts manager has an average salary of $91,681, which is higher than the $89,286 average annual salary of a cost accounting manager.
The top three skills for a management accounts manager include customer service, client facing and project management. The most important skills for a cost accounting manager are variance analysis, financial analysis, and reconciliations.
| Management Accounts Manager | Cost Accounting Manager | |
| Yearly salary | $91,681 | $89,286 |
| Hourly rate | $44.08 | $42.93 |
| Growth rate | 17% | 17% |
| Number of jobs | 113,871 | 61,135 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
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.
Management accounts managers and cost accounting managers have different pay scales, as shown below.
| Management Accounts Manager | Cost Accounting Manager | |
| Average salary | $91,681 | $89,286 |
| Salary range | Between $66,000 And $125,000 | Between $67,000 And $118,000 |
| Highest paying City | Seattle, WA | Boston, MA |
| Highest paying state | Washington | Connecticut |
| Best paying company | Meta | Microsoft |
| Best paying industry | Energy | Manufacturing |
There are a few differences between a management accounts manager and a cost accounting manager in terms of educational background:
| Management Accounts Manager | Cost Accounting Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 78% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between management accounts managers' and cost accounting managers' demographics:
| Management Accounts Manager | Cost Accounting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.6% Female, 51.4% | Male, 71.7% Female, 28.3% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% 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 Percentage | 11% | 11% |