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The differences between senior project accountants and senior cost accountants 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 project accountant and a senior cost accountant. Additionally, a senior cost accountant has an average salary of $65,824, which is higher than the $64,388 average annual salary of a senior project accountant.
The top three skills for a senior project accountant include reconciliations, project management and GAAP. The most important skills for a senior cost accountant are reconciliations, variance analysis, and GAAP.
| Senior Project Accountant | Senior Cost Accountant | |
| Yearly salary | $64,388 | $65,824 |
| Hourly rate | $30.96 | $31.65 |
| Growth rate | 6% | 6% |
| Number of jobs | 45,277 | 45,010 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 79% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Senior Project Accountants are responsible for providing support in financial management for a project. Their duties include creating financial appraisals, producing project forecasts, and developing project financial reports. They are responsible for facilitating financial planning, identifying budget deviances, performing impact analysis, and assisting in risk management planning. Senior Project Accountants also establish financial governance for a project, improve financial tools, test data, and prepare a business case analysis for senior management. They participate in project meetings, assist in internal audits, and ensure operations adhere to corporate financial legislations.
A senior cost accountant is an individual who maintains detailed costs in a company's system and provides cost analysis that supports operations and sales. Senior cost accountants are required to review inventory and deal with manufacturing personnel to control and analyze standard costs. They must record cost information to be used in controlling expenditures as well as recommend cost efficiencies in new product layouts. Senior cost accountants must also provide reports that specify and compare factors affecting prices and profitability of products or services to the management.
Senior project accountants and senior cost accountants have different pay scales, as shown below.
| Senior Project Accountant | Senior Cost Accountant | |
| Average salary | $64,388 | $65,824 |
| Salary range | Between $48,000 And $85,000 | Between $48,000 And $89,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Dahl Consulting | OraSure Technologies |
| Best paying industry | Technology | Health Care |
There are a few differences between a senior project accountant and a senior cost accountant in terms of educational background:
| Senior Project Accountant | Senior Cost Accountant | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 79% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior project accountants' and senior cost accountants' demographics:
| Senior Project Accountant | Senior Cost Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 37.3% Female, 62.7% | Male, 59.7% Female, 40.3% |
| Race ratio | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5% | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.3% White, 64.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |