Cost Analyst II Salary in India
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How much does a Cost Analyst II make in India? The average Cost Analyst II salary in India is ₹958,018 as of March 18, 2021, but the range typically falls between ₹721,004 and ₹1,166,291. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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Skills to Boost a Cost Analyst II Salary
Mastering key skills can significantly increase your earning potential as a Cost Analyst II. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 17% salary raise, while strong Microsoft Office skills boost pay by a 2%. Even Economics can result in a 1% salary increase.
Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Microsoft Office
Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Economics
Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
More Skills...
Based on recent job listings, in-demand skills in the Cost Analyst II field include Analysis (17%), Microsoft Office (2%), Economics (1%), ERP (1%), and Cost Management (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| ₹1,120,881 |
Analysis
₹1,120,881
|
17%
|
|
| ₹977,178 |
Microsoft Office
₹977,178
|
2%
|
|
| ₹967,598 |
Economics
₹967,598
|
1%
|
|
| ₹967,598 |
ERP
₹967,598
|
1%
|
|
| ₹967,598 |
Cost Management
₹967,598
|
1%
|
What does a Cost Analyst II do?
Cost Analyst II
Bialystok, PL
Assist with project work that will involve several different financial disciplines including, but not limited to FP&A, new innovation costs, procurement strategies/cost savings, manufacturing investments and pricing support for our brands.
12/19/2020
Cost Analyst II
Shannon-West, IE
Assist with the development of Business Case Analysis (BCA), Analysis of Alternatives (AOA), Government Cost Estimates (GCEs), Cost-Benefit Analysis, Rough Order of Magnitude (ROM) Cost Estimating, and Basis of Estimates (BOEs).
12/19/2020
Cost Analyst II
Nagpur, IN
Assists in the month-end close process, including but not limited to preparation of journal entries, consolidation of financial statements, and detailed analysis of general ledger accounts.
12/17/2020
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Career Path for Cost Analyst II in India
About India
India (Hindi: Bhārat), officially the Republic of India (Hindi: Bhārat Gaṇarājya), is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west;[f] China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands shar...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Cost Analyst II Pay Difference by Cities
| City, Country | Compared to national average |
|---|---|
| City, Country Mumbai, IN |
Compared to national average
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| City, Country Jaipur, IN |
Compared to national average
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| City, Country Kanpur, IN |
Compared to national average
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| City, Country Lucknow, IN |
Compared to national average
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| City, Country Nagpur, IN |
Compared to national average
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| City, Country Indore, IN |
Compared to national average
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Employees with Cost Analyst II in their job title in Mumbai, IN earn an average of 8.4% more than the national average. The lower salaries can be found in Nagpur, IN (16.3% less), Indore, IN (14.5% less), Lucknow, IN (12.4% less), Jaipur, IN (9.2% less), Kanpur, IN (6.6% less).
Similar Jobs to Cost Analyst II in India
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| Job Title | Salary Range in INR |
|---|---|
| Job Title Cost Accountant II |
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| Job Title Cost Analyst I |
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| Job Title Cost Analyst III |
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| Job Title Cost Analyst IV |
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| Job Title Cost and Productivity Analyst I |
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Understand the base salary paid range for a Cost Analyst II in India
Average Base Salary
Core compensation
721004
1166291
The chart shows the base salary for Cost Analyst II ranges from ₹721,004 to ₹1,166,291 with the average base salary of ₹958,018. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Cost Analyst II may get paid difference by industry, location, and factors.
Cost Analyst II Frequently Asked Questions in India
What is the salary range for a Cost Analyst II in India? What is the average hourly rate?
The average salary for a Cost Analyst II in India is ₹958,018 per year. The salary range for a Cost Analyst II is between ₹721,004 and ₹1,166,291. While we are seeing hourly wages as high as ₹561 and as low as ₹347, the majority of Cost Analyst IIs are currently paid an average of ₹461 in India. The average salary pay range for a Cost Analyst II can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Cost Analyst II in India can differ based on any or all of these varying factors.
March 18, 2021
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Why should you negotiate salary for a Cost Analyst II role? What are effective negotiation strategies?
Most hiring managers in India expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Cost Analyst II position that you can in India. This starting salary of the Cost Analyst II position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Cost Analyst II position in India, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs.
March 18, 2021
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How do you evaluate the advantages, opportunities, and salary for a Cost Analyst II role located in large metropolitan city or in a small town?
Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a Cost Analyst II in the India can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a Cost Analyst II job in a large city of the India may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the India also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Cost Analyst II job is right for you.
March 18, 2021
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Last Update: March 18, 2021