Product Cost Analyst

Career Guide
A Product Cost Analyst is responsible for evaluating and analyzing the costs associated with the production and delivery of products. They work to identify cost-saving opportunities and ensure that products are priced competitively while maintaining profitability.

Key Responsibilities

  • Analyze product costs and their impact on overall pricing strategies.
  • Collaborate with product development and manufacturing teams to identify cost-saving measures.
  • Prepare detailed reports on cost analysis and present findings to management.

Top Skills for Success

Financial Analysis
Cost Accounting
Data Analysis

Career Progression

Can Lead To
Senior Product Cost Analyst
Cost Accounting Manager
Transition Opportunities
Financial Analyst
Supply Chain Analyst

Common Skill Gaps

Often Missing Skills
Advanced Excel SkillsERP System Knowledge
Development SuggestionsConsider taking courses in advanced Excel and gaining experience with common ERP systems like SAP or Oracle.

Salary & Demand

Median Salary Range
Entry Level$50,000 - $60,000
Mid Level$70,000 - $85,000
Senior Level$90,000 - $110,000
Growth Trend
The demand for Product Cost Analysts is stable, with a slight increase expected as companies focus on cost efficiency and competitive pricing.

Companies Hiring

Major Employers
Manufacturing CorporationsRetail Companies
Industry Sectors
ManufacturingConsumer Goods

Recommended Next Steps

1
Pursue certifications in cost accounting or financial analysis to enhance expertise.
2
Gain practical experience by working on cross-functional teams to understand product development and manufacturing processes.

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