Cost Accountant

Also called: Management Accountant

Figures out exactly how much it costs to make each product so companies can price and profit.

A day in the life

You walk the factory floor to understand how a part is made, then calculate the cost of materials, labor and machine time per unit.

Pay over a career

Starting
$55k
Typical
$80k
High
$120k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 4 years after high school. Bachelor's in accounting; CMA certification.

Ways in: 4-year college, Certification. Training cost: $15k – $60k.

Majors to look at: Accounting.

Outlook

Growing faster than average (about 5% over 10 years). Tracks accountants.

Will it last? Our AI estimate

Medium risk in 5 years, high in 10. ERP systems and AI now calculate product costs and variances automatically; fewer cost accountants are needed, mainly to interpret.

Start now, in high school

Classes: Accounting, Algebra II, Manufacturing CTE, Computer applications.

Official data: O*NET occupation 13-2011.

More Accounting & Auditing careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.