Senior cost accountants maintain detailed costs in the company's system and provide cost analysis, supporting operations and sales. They review inventory and deal with the manufacturing personnel to control and analyze standard costs. They also assist in developing cost accounting procedures while running analyses of cost reports and monthly closing documents. Senior cost accountants earn a median sum of $72,000 annually or $34 per hour.

Senior cost accountants are responsible for an accurate and timely completion of the monthly financial close of assigned activities and assistance with developing the budget and other corporate/business financial requirements. They monitor and analyze inventory and related reserves as well as perform analyses of assigned activities and develop new reporting and analytical tools.

Senior cost accountants mostly hold a bachelor's or master's degree in accounting, business, or other related fields from an accredited university. They are expected to have some years of experience in a similar role and possess excellent analytical, interpersonal, and communication skills, which may prove advantageous in the long run. A substantial level of accounting knowledge is required in addition to some essential skills, which include micro-managing, valid data entry, and data management.

What Does a Senior Cost Accountant Do

There are certain skills that many senior cost accountants 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 Senior Cost Accountant does

How To Become a Senior Cost Accountant

If you're interested in becoming a senior cost accountant, one of the first things to consider is how much education you need. We've determined that 78.8% of senior cost accountants have a bachelor's degree. In terms of higher education levels, we found that 14.3% of senior cost accountants have master's degrees. Even though most senior cost accountants 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 Senior Cost Accountant

Senior Cost Accountant Career Paths

Average Salary for a Senior Cost Accountant

Senior Cost Accountants in America make an average salary of $65,824 per year or $32 per hour. The top 10 percent makes over $89,000 per year, while the bottom 10 percent under $48,000 per year.
Average Senior Cost Accountant Salary
$65,824 Yearly
$31.65 hourly
$48,000
10 %
$65,000
Median
$89,000
90 %

What Am I Worth?

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How To Become a Senior Cost Accountant
How To Become a Senior Cost Accountant Career Overview

States With The Most Senior Cost Accountant Jobs

Mouse over a state to see the number of active senior cost accountant jobs in each state. The darker areas on the map show where senior cost accountants earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Senior Cost Accountant Jobs By State

RankStateNumber of JobsAverage Salary
1California2,313$72,147
2Texas1,363$65,354
3Illinois997$59,611
4Florida931$60,117
5New York874$72,867
6Massachusetts620$71,768
7Pennsylvania609$63,668
8Georgia560$63,828
9Virginia558$65,714
10Ohio558$57,419
11Colorado496$61,149
12Minnesota475$59,668
13North Carolina463$62,423
14Maryland461$58,154
15New Jersey429$77,192
16Michigan425$55,133
17Arizona390$67,773
18Missouri385$60,016
19Washington367$63,453
20Tennessee333$56,927
21Wisconsin294$59,746
22Indiana286$58,947
23Connecticut267$69,592
24Oregon243$58,309
25Iowa232$50,989
26Alabama204$61,450
27Utah200$51,917
28South Carolina168$59,023
29Kentucky161$57,346
30Nevada157$56,043
31Louisiana148$55,777
32Oklahoma143$62,157
33Kansas126$52,859
34Nebraska113$50,606
35Mississippi110$50,474
36Arkansas106$55,609
37New Hampshire93$68,062
38Montana92$45,419
39Delaware90$67,127
40Rhode Island83$65,532
41New Mexico78$60,278
42Idaho69$55,766
43Maine56$51,727
44West Virginia56$49,734
45Hawaii54$48,441
46Alaska42$60,158
47South Dakota41$49,451
48North Dakota34$46,368
49Vermont28$55,250
50Wyoming26$49,604

Senior Cost Accountant Education

Senior Cost Accountant Majors

26.7 %
9.5 %

Senior Cost Accountant Degrees

Bachelors

78.8 %

Masters

14.3 %

Associate

5.5 %

Top Colleges for Senior Cost Accountants

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. Boston University

Boston, MA • Private

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

9. SUNY Stony Brook

Stony Brook, NY • Private

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

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top Skills For a Senior Cost Accountant

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, 8.6% of senior cost accountants listed reconciliations on their resume, but soft skills such as organizational skills and analytical skills are important as well.

Choose From 10+ Customizable Senior Cost Accountant Resume templates

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

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Senior Cost Accountant Demographics

Senior Cost Accountant Gender Distribution

Male
Male
60%
Female
Female
40%

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

  • Among senior cost accountants, 40.3% of them are women, while 59.7% are men.

  • The most common race/ethnicity among senior cost accountants is White, which makes up 67.6% of all senior cost accountants.

  • The most common foreign language among senior cost accountants is Spanish at 37.8%.

Work Experience Programs For Senior Cost Accountants

Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!

Audit Program

Company: Grant Thornton Australia

Cost: Free

Duration: 5-6 hours

Product Design Program

Company: Accenture North America

Cost: Free

Duration: 4 hours

Asset Management Program

Company: JPMorgan Chase

Cost: Free

Duration: 5-6.5 hours

Marketing Analysis Program

Company: Wayfair

Cost: Free

Duration: 3 hours

Audit & Assurance Program

Company: KPMG AU

Cost: Free

Duration: 5-6 hours

Financial Audit Program

Company: PwC Switzerland

Cost: Free

Duration: 5-6 hours

Accounting Program

Company: Chartered Accountants ANZ

Cost: Free

Duration: 3 hours

On-Premise Sales Program

Company: Red Bull

Cost: Free

Duration: 2-3 hours

Fixed Income & Equities Program

Company: Jefferies

Cost: Free

Duration: 2-3 hours

Accounting and Business Performance Program

Company: Chartered Accountants ANZ

Cost: Free

Duration: 3-4.5 hours

Online Courses For Senior Cost Accountant That You May Like

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

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Managerial and cost accounting comprehensive course taught bay a practicing Certified Public Accountant (CPA)...

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Best States For a Senior Cost Accountant

Some places are better than others when it comes to starting a career as a senior cost accountant. The best states for people in this position are New Jersey, New York, California, and Massachusetts. Senior cost accountants make the most in New Jersey with an average salary of $77,192. Whereas in New York and California, they would average $72,867 and $72,147, respectively. While senior cost accountants would only make an average of $71,768 in Massachusetts, 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. District of Columbia

Total Senior Cost Accountant Jobs:
193
Highest 10% Earn:
$105,000
Location Quotient:
1.87

2. Connecticut

Total Senior Cost Accountant Jobs:
267
Highest 10% Earn:
$94,000
Location Quotient:
1.31

3. Massachusetts

Total Senior Cost Accountant Jobs:
620
Highest 10% Earn:
$97,000
Location Quotient:
1.1
Full List Of Best States For Senior Cost Accountants

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Top Senior Cost Accountant Employers

Most Common Employers For Senior Cost Accountant

RankCompanyAverage SalaryHourly RateJob Openings
1General Motors$93,288$44.8510
2Solectron Corp$91,926$44.208
3Hologic$91,276$43.886
4Zebra Technologies$91,246$43.876
5Dean and$89,006$42.796
6AT&T$85,083$40.918
7ITT$85,031$40.886
8Gardner Denver$82,209$39.528
9FMC$79,205$38.086
10Flowserve$76,146$36.615

Senior Cost Accountant Videos