Home > Salary > Malaysia > Cost Analyst
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: 113,177 MYR
Estimated Monthly Salary: 9,431 MYR
Estimated Weekly Salary: 2,176 MYR per week
Estimated Hourly Salary: 54 MYR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,125 MYR
Estimated Weekly Salary: 2,106 MYR per week
Estimated Hourly Salary: 53 MYR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 22,698 USD
Estimated Monthly Salary: 1,892 USD
Estimated Weekly Salary: 437 USD per week
Estimated Hourly Salary: 11 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 113,177 MYR
Estimated Monthly Salary: 9,431 MYR
Estimated Weekly Salary: 2,176 MYR per week
Estimated Hourly Salary: 54 MYR per hour
By working as Cost Analyst a person can save up to 1,180 USD per month or 14,164 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 Malaysia, see costs of living in Malaysia.
Estimated Yearly Salary for Cost Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Cost Analyst salary in Malaysia
Average Yearly Salary of Cost Analyst in Malaysia is approximately 113,177 MYR (22,698 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: 113,177 MYR
Estimated Monthly Salary: 9,431 MYR
Estimated Weekly Salary: 2,176 MYR per week
Estimated Hourly Salary: 54 MYR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 109,500 MYREstimated Monthly Salary: 9,125 MYR
Estimated Weekly Salary: 2,106 MYR per week
Estimated Hourly Salary: 53 MYR per hour
Last revision of data: 2024-01-03Cost Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 22,698 USD
Estimated Monthly Salary: 1,892 USD
Estimated Weekly Salary: 437 USD per week
Estimated Hourly Salary: 11 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Compare salary to other countries
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Salary comparison to National average
Malaysia is a Southeast Asian country located on the Malay Peninsula and the island of Borneo. It has a diverse population consisting of various ethnic groups, including Malays, Chinese, Indians, and indigenous tribes. Malaysia has an estimated population of around 32 million people. The country covers an area of approximately 330,803 square kilometers, making it the 66th largest country in the world.
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Cost Analyst job salary compared to average salary in Malaysia.
Comparison shows that a person working as Cost Analyst in Malaysia earns on average:
1.45 times the average salary (or 145% of average salary).
Estimated national average yearly salary is 78,260 MYR (17,780 USD). Value indicated is pre-tax. Below graph shows estimated Cost Analyst job salary compared to average salary in Malaysia.
Comparison shows that a person working as Cost Analyst in Malaysia earns on average:
1.45 times the average salary (or 145% 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 124,495 MYR and 164,107 MYR. However this is an estimation based on Gaussian Distribution.How much can you save working as Cost Analyst in Malaysia?
Living in Malaysia the approximate monthly expenses are: 711 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: 113,177 MYR
Estimated Monthly Salary: 9,431 MYR
Estimated Weekly Salary: 2,176 MYR per week
Estimated Hourly Salary: 54 MYR per hour
By working as Cost Analyst a person can save up to 1,180 USD per month or 14,164 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 Malaysia, see costs of living in Malaysia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Thailand, Indonesia, Singapore, Brunei, Vietnam, Philippines. 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
Thailand is 9,230 USD
Indonesia is 13,438 USD
Singapore is 85,992 USD
Brunei is 40,070 USD
Vietnam is 5,126 USD
Philippines is 5,051 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 Malaysia
(927,752 MYR per year, pre-tax.)
2. Cardiologist
(770,656 MYR per year, pre-tax.)
(748,723 MYR per year, pre-tax.)
(724,417 MYR per year, pre-tax.)
5. Neurosurgeon
(722,312 MYR per year, pre-tax.)
6. Urologist
(706,560 MYR per year, pre-tax.)
(706,212 MYR per year, pre-tax.)
(704,735 MYR per year, pre-tax.)
(704,523 MYR per year, pre-tax.)
10. Dermatologist
(703,305 MYR per year, pre-tax.)
Data as of 2025Random salary:
Applications engineer (126,940 MYR per year, pre-tax.)
Elevator operator (53,295 MYR per year, pre-tax.)
Damage prevention specialist (62,046 MYR per year, pre-tax.)
Fitness coach (69,320 MYR per year, pre-tax.)
Industrial production manager (119,190 MYR per year, pre-tax.)
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