How much does a Cost Analyst I make in California? The average Cost Analyst I salary in California is $67,644 as of August 27, 2021, but the range typically falls between $60,457 and $76,253.
What does a cost analyst do?
The Cost Analyst will collect and analyze financial information related to the organizations expenses , seeking ways to improve accuracy of budgets and forecasts, and to decrease the cost of assigned departments and projects.
Do analysts make good money?
According to data from the U.S. Bureau of Labor Statistics (BLS), the median annual income for financial analysts across all experience levels in May 2018 was $85,660 per year (or $41.18 per hour). So, on average, financial analysts start out much better paid than the typical worker .
Who does a cost analyst report to?
Additionally, Cost Analyst I typically reports to a Manager . The Cost Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Cost Analyst I typically requires 0-2 years of related experience.
Are financial analysts rich?
Financial analysts earn a median salary of $80,310 per year , according to the United States Bureau of Labor Statistics (BLS). Personal financial advisors earn a median salary of $89,160 per year, according to the BLS. Financial managers bring home a median salary of $117,990 annually, the BLS reported.
Are analysts in demand?
Skilled data analysts are some of the most sought-after professionals in the world. Because the demand is so strong , and the supply of people who can truly do this job well is so limited, data analysts command huge salaries and excellent perks, even at the entry level.
What makes a good cost analyst?
Due to the nature of the job, cost analysts are required to possess excellent math, accounting, and analytical skills to succeed. In terms of academic qualifications, cost analysts have a bachelor’s degree with strong business or financial training, such as finance, accounting, or business administration.
Why should you become a budget analyst?
Budget analysts help government agencies, large corporations, and nonprofits organize their finances, monitor and control spending, and coordinate the allocation of funds . These professionals need accounting and financial management knowledge.
What is a cost systems analyst?
A cost analyst helps their company control expenses through financial research and analysis . In this job, your duties include analyzing the difference between company costs and standard costs, developing budgets, auditing financial transactions, conducting market research, and preparing reports for company leadership.
Are financial analysts happy?
Financial analysts are one of the least happy careers in the United States. As it turns out, financial analysts rate their career happiness 2.7 out of 5 stars which puts them in the bottom 11% of careers. ...
What kind of math do financial analysts use?
Analysts use complex mathematical and statistical techniques such as linear regression to analyze financial data. Financial analysts can expect to take complex math courses in college and graduate school, including calculus, linear algebra and statistics .
What is the highest paying financial job?
- Investment banker. National average salary: $61,929 per year. ...
- Information technology auditor. National average salary: $63,412 per year. ...
- Compliance analyst. National average salary: $64,443 per year. ...
- Financial advisor. ...
- Insurance advisor. ...
- Financial analyst. ...
- Senior accountant. ...
- Hedge fund manager.
Is data analyst a stressful job?
Data analysis is a stressful job . Although there are multiple reasons, high on the list is the large volume of work, tight deadlines, and work requests from multiple sources and management levels.
Is business analyst a dying career?
Is Business Analyst A Dying Career? ... The answer to this question is that the business analyst is not a dying career . The role is very much in demand by a large range of companies across the world, who continue to recruit and hire for business analyst roles.
Is Analytics a good career?
Skilled data analysts are some of the most sought-after professionals in the world. Because the demand is so strong, and the supply of people who can truly do this job well is so limited, data analysts command huge salaries and excellent perks, even at the entry level.
How do you become a cost analyst?
The qualifications for a career as a cost analyst include a bachelor’s degree in business administration or accounting, experience in cost accounting , and excellent analytical skills. Some employers may also require you to be a certified public accountant (CPA) to qualify for this job.
