Cost Accountant

Calculating Success: The Definitive Career Guide for Cost Accountants


A Cost Accountant is a financial specialist who analyzes the costs of products that are manufactured or sold by the company. They examine the expenses in the supply chain and perform profitability analysis. Moreover, Cost Accountants help organizations in identifying the products, services as well as departments that are highly profitable and least profitable. 

Furthermore, their responsibilities include preparing monthly and quarterly accounting reports for submission to management, maintaining as well as reviewing the general ledger and balance sheets, suggesting changes for procedures along with policies to increase the organization’s cash flow and much more. Several qualifications are required to obtain a position as a cost accountant.


For Bachelor’s

  • Aspirants need to pass 10+2 with at least 50% marks and must have Accounts, Economics and Mathematics as their core subjects from any recognised board. 
  • Students can opt for a Bachelor's degree course like Accounting, Business Administration or any other related field.

 For Masters

  • To gain job market knowledge, one can opt for a Master's degree course like an MBA.
  • Seekers must join internship programs in order to gain expertise.

Job Roles

The field of Cost Accounting aims to provide in-depth knowledge and enhance the skills of the students. To do such a task, this field presents innumerable job profiles:  

  • Cost Accountant
  • Product Costing
  • Financial Analyst
  • Project Accountant
  • Assistant Accountant
  • Associate
  • Senior Associate
  • Senior Bookkeeper

Top Recruiters

There are many recruiters from leading companies who enlist potential students in the Cost Accounting field. Following are some Recruiters from where students can find an employment opportunity in India: 

  • Larsen & Toubro Limited
  • Aishwarya Healthcare
  • Core Minds Tech Solutions
  • Arriance Infra
  • Leverage Edu
  • Vectrus
  • Fast Track
  • Apollo
  • Boat
  • Samsung
  • Nokia


The salary range may vary from company to company, but the salary of a Cost Accountant is very impressive in India.


Level of Salary

Salary Package per Year

Starting Salary

Approx ₹3,30,000

Mid Level Salary

Approx ₹8,58,000 

Senior Level Salary

Approx ₹16,16,000 


  • Analytical Skills
  • Interpersonal Skills
  • Time Management 
  • Problem Solving Skills
  • Attention To Detail
  • Mathematical Skills
  • Understanding of Finance


Cost Accountants are people who perform helpful financial services for business. They help a company in planning budgets as well as give solutions to increase profits and compare input costs to output results. Furthermore, if one is good at mathematics and possess problem solving skills then a position as Cost Accountant suits perfectly.

Moreover, the career scope of Cost Accountants is on a rise as they are an integral part of any organization. As  organizations need them to keep a track of the budgets, profits and much more. Needless to say, this career field is on a rise as the organization’s are very careful about their profits along with the revenue spent. 


  • Clear Career Path
  • Stable And Growing Job Field
  • Great Earning Potential
  • Remote Work Opportunities
  • Entrepreneurial Potential
  • Financial Literacy


  • Monotonous Work 
  • Continuous Education Upgradation
  • There are Busy Seasons
  • Stressful Work
  • Extended Hours