Senior Cost Accountant salary in Luxembourg

Average Yearly Salary of Senior Cost Accountant in Luxembourg is approximately 142,065 EUR (141,550 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 Senior Cost Accountant do?

A senior cost accountant is responsible for overseeing and managing the financial aspects of a company's operations. They analyze costs, pricing, and profitability to provide accurate financial information to management for decision-making purposes. Their key responsibilities include preparing and analyzing cost reports, conducting variance analysis, developing budgets and forecasts, and ensuring compliance with accounting principles and regulations. They also play a crucial role in identifying cost-saving opportunities and improving operational efficiency.

Skills: Senior Cost Accountant, Financial Analysis, Cost Management, Budgeting, Variance Analysis, Compliance.
Job industry: Manufacturing

How much does Senior Cost Accountant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Senior Cost Accountant a well paid job?

Yes, our data shows that Senior Cost Accountant 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 Senior Cost Accountant?

High salary for Senior Cost Accountant would be somewhere between 156,272 EUR and 205,994 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Cost Accountant in Luxembourg?

Living in Luxembourg the approximate monthly expenses are: 3,648 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: 142,065 EUR
Estimated Monthly Salary: 11,839 EUR
Estimated Weekly Salary: 2,732 EUR per week
Estimated Hourly Salary: 68 EUR per hour
By working as Senior Cost Accountant a person can save up to 8,148 USD per month or 97,774 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 Luxembourg, see costs of living in Luxembourg.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Belgium, Germany, France.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Senior Cost Accountant

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Luxembourg

Data as of 2025

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