Cost Accountant Career


Candidates who have just completed their masters in business administration in finance and accounting are best placed to take up the role of a cost accountant. The main job of a cost accountant is to ensure that the costs of a firm come down and its profits are improved.

The cost accountant also makes a budgetary planning for the year and shares with other planning and management departments. The following are the career related information in order to aim for becoming a cost accountant.

How to become a Cost Accountant:

Candidates who have completed at least their graduation in accounting and finance are eligible to apply for the position of a cost accountant. The ideal requirement from applicants is to have an MBA in finance or accounting specialization. Candidates need to have good analytical skills and excellent accounting abilities.

Cost Accountant career courses, training, programs:

There are many career courses and training programs that teach students on how to become excellent cost accountants. Candidates can take the Certified Management Accountants (CMA) examination and get the requisite license.

Cost Accountant career schools/colleges, education:

There are many schools, colleges and universities that teach excellent courses in management accounting, doctor of business administration courses, etc. Candidates can also look for graduate certificate in accounting and make themselves eligible to apply for the cost accountant position.

Top 5 colleges/universities:

Herzing University

The University of Liverpool

Grand Canyon University

Baker College Online

Jones International University

Cost Accountant job opportunities, salaries/pay:

There are various popular industries that hire cost accountants. Some of those popular industries are manufacturing and distribution, food manufacturing, construction, steel or metal manufacturing, medical device manufacturing, etc. The minimum number of years of experience expected from candidates who would like to become cost accountants is about 5-9 years.

According to the salary estimates of Pay Scale and released in the form of the National Salary data, the annual compensation of a cost accountant lies between $34,000 and $68,000 per annum.

Category: Accounting Careers

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