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The differences between senior cost analysts and senior accountant 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 senior accountant analyst. Additionally, a senior cost analyst has an average salary of $77,845, which is higher than the $75,282 average annual salary of a senior accountant analyst.
The top three skills for a senior cost analyst include financial analysis, cost analysis and cost estimates. The most important skills for a senior accountant analyst are reconciliations, external auditors, and account reconciliations.
| Senior Cost Analyst | Senior Accountant Analyst | |
| Yearly salary | $77,845 | $75,282 |
| Hourly rate | $37.43 | $36.19 |
| Growth rate | 3% | 6% |
| Number of jobs | 53,872 | 82,010 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 75% |
| 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.
As a senior accountant analyst, your main role is to provide professional guidance to a company. You need to have excellent preparation skills to create financial reports that clearly state the expenses and forecast the company's financial future. You should always aim for accuracy and compliance. Moreover, as a senior accountant analyst, you are supposed to give general operational assistance to the company's management.
Senior cost analysts and senior accountant analysts have different pay scales, as shown below.
| Senior Cost Analyst | Senior Accountant Analyst | |
| Average salary | $77,845 | $75,282 |
| Salary range | Between $57,000 And $105,000 | Between $58,000 And $97,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | Apple | BMO Capital Markets |
| Best paying industry | Automotive | Finance |
There are a few differences between a senior cost analyst and a senior accountant analyst in terms of educational background:
| Senior Cost Analyst | Senior Accountant Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior cost analysts' and senior accountant analysts' demographics:
| Senior Cost Analyst | Senior Accountant Analyst | |
| Average age | 47 | 44 |
| Gender ratio | Male, 63.5% Female, 36.5% | Male, 49.4% Female, 50.6% |
| 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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 13% | 7% |