Raman kumar  Garg

What is a typical salary structure of an average Cost Accountant?

Add all the details

by Raman kumar Garg
2 answers
| Share :

2 answers

RE: What is a typical salary structure of an average Cost Accountant?

Ravi Thakor
Ravi Thakor
Verified Career Expert
Business Analyst at Capital Novus
  • Ahmedabad

Dear Friend,


Welcome to the CareerGuide.com platform. We are happy to help you and solve your problem with the best advice.

Before we start, I would like to introduce myself to you, My name is Ravi Thakor and I am LLB, LLM, PGDBCL, PGDBM, PGDCL.

Let me just give you thebrief Idea about what is the Cost Accounting before I go ahead and let you know the salary structure.
Cost Accounting is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capabilities. Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future.

Since managers are making decisions only for their own organizations, there is no need for the information to be comparable to similar information from other organizations. Instead, information must be relevant for a particular environment. Cost accounting information is commonly used in Financial Accounting information, but its primary function is for use by managers to facilitate making decisions.

The starting salary for a freshly qualified Cost Accountant can vary anywhere between Rs. 4,00,000 to Rs. 6,00,000 Per Annum. It will depend upon the work experience the person has gained prior to becoming a Cost Accountant and the type of industry you are getting into once you become a Qualified Cost Accountant, namely Manufacturing, Service, BPO/KPO, Banks, Financial Institutions, Consultancy etc etc. Pay package will also depend on weather you are working in India or Overseas.

Hence looking at the increasing demand of these accounting professionals, a freshly qualified Cost Accountant or a Freshly qualified Charted Accountant can expect a starting salary from Rs. 5,00,000 per Annum.

I am sure the advice I have given you here is going to help you make any decision you want to take going further in this particular field. Please also note that this is just an advise and can not be relied upon completely, also salary figures may vary from time to time and situation to situation. These are not 100% correct figures but it gives you the ruff idea about the market in this particular field.

I wish you all the very best and wish you a good luck for your future and your career.

Thanks,
Ravi

RE: What is a typical salary structure of an average Cost Accountant?

Nidhi Arora
Nidhi Arora
Verified Career Expert
Career Counselor at CareerGuide.com
  • Gurgaon

A fresh Company Accountant will join as an Assistant in the secretarial department under the Company accountants or a Deputy Company accountant or Legal Counsel in the company. Generally the salary offered for a fresher CS is around Rs. 30,000 If you are a CS and LLB candidate, you can definitely get that salary. You will also be exposed to legal department work along with the routine secretarial work. As you go on working and gain work experience, the salary keeps increasing and you may achieve the designation of Company Secretary when you become competent enough to lead.

This course will give you the opportunity to enter into corporate world, and this is the only course which provides you with the skill to look as professional and in demand too.

RE: What is a typical salary structure of an average Cost Accountant?

This topic is now closed. New replies are no longer allowed.
Latest ANSWERS

I want to write my 2 year puc exam

Hi Venky good evening, Can you please give some more details like 1. After how many years you wish to appear 2. In specific which place you want us to .. read more

do you provide counselling for someone wanting to change career at 30

Hi Meg good evening, yea off course we will. Thank you. .. read more

Can I get sure this is not fake

Hi Seethu good evening, Can you please frame your question even more clear? Thank you.  .. read more

Iam really confused sir. I took bcom after 12th science and right now iam in the second year of bcom. Iam really confused about my career. I want to do mba after bcom from top university. It every time kills me should i have opted bba instead of bcom??

Hi Siddiqui good evening, Relax and breathe. You will be learning about business administration in BBA and that will make you find syllabus of MBA mor .. read more
Most Popular

Hii i want to do pgdm in financial market...is National institute of financial management faridabad is good or not...i mean m looking to do pgdm from that institute...is it worth it or not ? Pls tell me asap thanks

  Dear Aspirant. NIFM is an autonomous Institution of Ministry of Finance, Govt. of India and the PGDFM is a 2-year full-time program a .. read more

What are the things if a Psychologist learns, will be helpful in long run?

1. Psychometric testings like testing - personality, intelligence, academic performance. 2. Therapeutic techniques like Cognitive Behaviour Therapy, R .. read more

After M.A. in psycoloy through IGNOU where shouid i study clinical psycolog??

If you want to become a clinical psychologist, then you should study M.Phil in clinical psychology which must be approved by RCI. For that course MA P .. read more

What are the career options after M.Sc Life Science?

M.Sc. candidates can pursue a career in the field of Clinical Embryology & Assisted Reproductive Technology. MOMSOON Fertility & IVF Centre is .. read more
Caching Date: 10/21/2017 6:39:41 AM