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A cost analyst is responsible for analyzing and evaluating the costs associated with a company's operations, products, or services. They collect and analyze financial data, including expenses, budgets, and pricing information, to identify areas of improvement and cost-saving opportunities. Cost analysts also develop and maintain cost estimation models, conduct variance analysis to compare actual costs with budgeted costs, and provide recommendations to management for cost optimization.
The occupation of a cost analyst requires strong analytical skills, attention to detail, and proficiency in financial analysis software and tools. They must have a solid understanding of accounting principles and cost accounting techniques. Effective communication and problem-solving skills are essential, as cost analysts often collaborate with cross-functional teams to identify cost reduction strategies and implement process improvements.
Estimated Yearly Salary: 2,573,300 INR
Estimated Monthly Salary: 214,442 INR
Estimated Weekly Salary: 49,487 INR per week
Estimated Hourly Salary: 1,237 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 206,738 INR
Estimated Weekly Salary: 47,709 INR per week
Estimated Hourly Salary: 1,193 INR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 28,541 USD
Estimated Monthly Salary: 2,378 USD
Estimated Weekly Salary: 549 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 2,573,300 INR
Estimated Monthly Salary: 214,442 INR
Estimated Weekly Salary: 49,487 INR per week
Estimated Hourly Salary: 1,237 INR per hour
By working as Cost Analyst a person can save up to 1,483 USD per month or 17,799 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Cost Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Chicken sexer (1,585,631 INR per year, pre-tax.)
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Cost Analyst salary in India
Average Yearly Salary of Cost Analyst in India is approximately 2,573,300 INR (28,541 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Cost Analyst do?
A cost analyst is responsible for analyzing and evaluating the costs associated with a company's operations, products, or services. They collect and analyze financial data, including expenses, budgets, and pricing information, to identify areas of improvement and cost-saving opportunities. Cost analysts also develop and maintain cost estimation models, conduct variance analysis to compare actual costs with budgeted costs, and provide recommendations to management for cost optimization.
The occupation of a cost analyst requires strong analytical skills, attention to detail, and proficiency in financial analysis software and tools. They must have a solid understanding of accounting principles and cost accounting techniques. Effective communication and problem-solving skills are essential, as cost analysts often collaborate with cross-functional teams to identify cost reduction strategies and implement process improvements.
Skills: cost analyst, financial analysis, cost estimation, variance analysis, cost optimization, cost accounting.
Job industry: Finance
Job industry: Finance
How much does Cost Analyst make?
Salary details
How much does Cost Analyst make?Estimated Yearly Salary: 2,573,300 INR
Estimated Monthly Salary: 214,442 INR
Estimated Weekly Salary: 49,487 INR per week
Estimated Hourly Salary: 1,237 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,480,850 INREstimated Monthly Salary: 206,738 INR
Estimated Weekly Salary: 47,709 INR per week
Estimated Hourly Salary: 1,193 INR per hour
Last revision of data: 2024-01-09Cost Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 28,541 USD
Estimated Monthly Salary: 2,378 USD
Estimated Weekly Salary: 549 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Cost Analyst job salary compared to average salary in India.
Comparison shows that a person working as Cost Analyst in India earns on average:
1.39 times the average salary (or 139% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Cost Analyst job salary compared to average salary in India.
Comparison shows that a person working as Cost Analyst in India earns on average:
1.39 times the average salary (or 139% of average salary).
Is Cost Analyst a well paid job?
Yes, our data shows that Cost Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Cost Analyst?
High salary for Cost Analyst would be somewhere between 2,830,630 INR and 3,731,285 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Cost Analyst in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 2,573,300 INR
Estimated Monthly Salary: 214,442 INR
Estimated Weekly Salary: 49,487 INR per week
Estimated Hourly Salary: 1,237 INR per hour
By working as Cost Analyst a person can save up to 1,483 USD per month or 17,799 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Cost Analyst
Pakistan is 2,019 USD
China is 16,357 USD
Nepal is 9,393 USD
Bangladesh is 3,604 USD
Afghanistan is 7,623 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in India
(21,041,458 INR per year, pre-tax.)
2. Cardiologist
(17,441,897 INR per year, pre-tax.)
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4. Neurosurgeon
(16,443,049 INR per year, pre-tax.)
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7. Urologist
(16,021,806 INR per year, pre-tax.)
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9. Oncologist
(15,984,385 INR per year, pre-tax.)
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Data as of 2025Random salary:
Head of facilities (2,776,239 INR per year, pre-tax.)
Cost estimator (1,684,422 INR per year, pre-tax.)
Certified mastectomy fitter (1,316,354 INR per year, pre-tax.)
Chicken sexer (1,585,631 INR per year, pre-tax.)
Veterinary surgeon (3,183,454 INR per year, pre-tax.)
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Please note:The salary figures presented here are meant for reference purposes solely.
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