Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior cost analysts and control analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a senior cost analyst and a control analyst. Additionally, a senior cost analyst has an average salary of $77,845, which is higher than the $69,598 average annual salary of a control analyst.
The top three skills for a senior cost analyst include financial analysis, cost analysis and cost estimates. The most important skills for a control analyst are internal controls, risk assessments, and SOX.
| Senior Cost Analyst | Control Analyst | |
| Yearly salary | $77,845 | $69,598 |
| Hourly rate | $37.43 | $33.46 |
| Growth rate | 3% | 11% |
| Number of jobs | 53,872 | 133,321 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 69% |
| Average age | 47 | 44 |
| Years of experience | 4 | 4 |
Senior cost analysts are lead professionals who collaborate with a variety of departments to gather financial data and perform analysis to uncover inefficiencies. These analysts are required to develop accurate cost estimates that are used in producing pricing quotations on products and programs. They must utilize the enterprise resource planning (ERP) business system to track the quotation process and maintain standard costs through cost roll activities. Senior cost analysts must also collaborate with managers to facilitate initiatives and projects that are cost-saving.
A control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.
Senior cost analysts and control analysts have different pay scales, as shown below.
| Senior Cost Analyst | Control Analyst | |
| Average salary | $77,845 | $69,598 |
| Salary range | Between $57,000 And $105,000 | Between $50,000 And $95,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | California | Washington |
| Best paying company | Apple | Meta |
| Best paying industry | Automotive | Energy |
There are a few differences between a senior cost analyst and a control analyst in terms of educational background:
| Senior Cost Analyst | Control Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 69% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior cost analysts' and control analysts' demographics:
| Senior Cost Analyst | Control Analyst | |
| Average age | 47 | 44 |
| Gender ratio | Male, 63.5% Female, 36.5% | Male, 51.9% Female, 48.1% |
| Race ratio | Black or African American, 10.1% Unknown, 4.5% Hispanic or Latino, 15.6% Asian, 7.9% White, 60.8% American Indian and Alaska Native, 1.0% | Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.7% White, 66.3% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 13% | 12% |