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Cost Accounting Intern Jobs in Normal, IL (NOW HIRING)

Cost Accounting Intern information

See Normal, IL salary details

$9

$17

$23

How much do cost accounting intern jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for cost accounting intern in Normal, IL is $17.71, according to ZipRecruiter salary data. Most workers in this role earn between $15.05 and $19.04 per hour, depending on experience, location, and employer.

What does a cost accounting intern do?

A Cost Accounting Intern assists the accounting team in analyzing and tracking the costs associated with producing goods or services. Their tasks often include gathering data on production expenses, helping with inventory valuation, and supporting the preparation of cost reports. Interns may also participate in budgeting, variance analysis, and process improvement projects. The role provides hands-on experience in applying accounting principles to real-world business operations, helping interns understand how organizations control and manage costs.

What are the key skills and qualifications needed to thrive as a cost accounting intern?

To thrive as a Cost Accounting Intern, you need a solid grounding in accounting principles, financial analysis, and coursework toward a degree in accounting, finance, or a related field. Familiarity with Microsoft Excel, ERP systems like SAP or Oracle, and accounting software is typically required. Attention to detail, analytical thinking, and effective communication are standout soft skills in this role. These skills ensure accurate cost tracking, support effective decision-making, and facilitate productive teamwork within finance departments.

What are some common challenges a cost accounting intern might face during their internship?

As a Cost Accounting Intern, you may encounter challenges such as interpreting complex financial data, learning to use specialized accounting software, and understanding the nuances of cost allocation across different departments or projects. You’ll also need to adapt to tight deadlines, maintain accuracy under pressure, and communicate your findings clearly to both finance and non-finance team members. However, these challenges offer valuable learning opportunities and help you build a strong foundation for a career in accounting or finance.

What is the difference between Cost Accounting Intern vs Cost Analyst?

AspectCost Accounting InternCost Analyst
Required CredentialsTypically pursuing or recent graduate in accounting, finance, or related fieldBachelor's degree in accounting, finance, or related; some roles prefer certifications like CPA or CMA
Work EnvironmentInternship setting, often in corporate finance or manufacturing companiesFull-time professional role in finance or accounting departments
Employer & Industry UsageUsed in companies offering internship programs, especially in manufacturing, retail, or logisticsCommon in industries requiring detailed cost analysis, such as manufacturing, construction, or consulting

The main difference between a Cost Accounting Intern and a Cost Analyst lies in experience and responsibilities. Interns are typically students gaining initial exposure, while Cost Analysts are full-time professionals responsible for detailed cost analysis, budgeting, and financial reporting. Internships serve as a stepping stone toward becoming a Cost Analyst in the industry.

What job categories do people searching Cost Accounting Intern jobs in Normal, IL look for?

The top searched job categories for Cost Accounting Intern jobs in Normal, IL are:

What cities near Normal, IL are hiring for Cost Accounting Intern jobs?

Cities near Normal, IL with the most Cost Accounting Intern job openings:

2027 Summer Corporate Intern - Accounting

Caterpillar Inc.

Morton, IL

$22.50 - $40.25/hr

Full-time

Medical, PTO

Posted 4 days ago


Caterpillar Inc. rating

7.5

Company rating: 7.5 out of 10

Based on 489 frontline employees who took The Breakroom Quiz

273rd of 496 rated machine equipment manufacturers


Job description

Career Area:

Students and Graduates

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Internship Program Details:

During the Corporate Accounting Internship Program, you will have the opportunity to gain valuable on-the-job experience and contribute to real-world projects in one or more of the following areas including Financial Accounting, Cost Accounting, Tax Accounting, Global Tax, Financial Systems, Auditing, and Research & Development Accounting. As an accounting intern, you will perform the same tasks as our entry-level accountants including budgeting, forecasting, monthly reporting, tax compliance, analysis, and other special projects.

Session Dates:

Summer 2027: 5/17/2027 - 8/06/2027

This is a 40-hour-per-week onsite work assignment, Monday through Friday, lasting 12 weeks in the summer.

What you will get:Besides exciting work, Corporate Interns will experience:

  • Comprehensive internship orientation
  • Travel Reimbursement
  • Tours of state-of-the-art manufacturing and research facilities
  • Product Demonstrations
  • Various social events
  • Networking with leadership
  • Intern round table discussions
  • Business skill building
  • Career discussion with leaders and experts
  • Resume and Interview workshop
  • Paid holidays
  • And more!

Thousands of Caterpillar employees come to work every day. While they perform their daily tasks, they're contributing to the work of a powerful global team. At Caterpillar, we know that innovation happens step-by-step, piece-by-piece, person-by-person. Everyone has a vital role to play in our organization. Modest, small projects can grow and evolve into groundbreaking, world-changing technologies, machines, services, and more through collaboration and teamwork in a diverse and inclusive work environment. Caterpillar couldn't be the company it is today without the men and women who shape it by producing their best work.

What You Will Do:

  • Creating reports on financial performance for internal and external use.
  • Take part in special projects and ad hoc reporting requests.
  • Estimate various forecast and budget scenarios.
  • Specifies, builds, maintains, and runs data extracts from various subsystems that contain account-level information.
  • Produces a daily balance sheet to assist the trading desk.
  • Posting entries, verifying, and reconciling input to financial reporting systems.
  • Entering transactions and reconciling various reports

Internship Program Qualifications:

  • Must be currently pursuing a degree at a 4-year accredited university/college in an Accounting degree program, at the time of application and throughout the internship program.
  • Minimum 3.0/4.0 GPA (both Accounting GPA & Cumulative GPA).
  • 12 completed semester hours at a 4-year university before the start of the internship.
  • If a transfer student must have 12 semester hours completed at a 4-year university.

Top Candidates Will Also Have:

  • Previous accounting internship and/or relevant work experience.
  • Completed Intermediate Accounting or first 300-level accounting course by the start of the internship.
  • Strong initiative, communication, and interpersonal skills.
  • Leadership involvement in student associations.
  • Intermediate user of Microsoft Excel.

Additional Details:

  • Locations: Peoria, IL, East Peoria, IL, Mossville, IL, Morton, IL, Mapleton, IL, Seguin, TX, Irving, TX, FT. Worth, TX, Houston, TX, Lafayette, IN, Franklin, IN, and Cary, NC.
  • Candidates must be willing to relocate if necessary for the duration of the internship, and complete daily work commute using reliable transportation.
  • Domestic relocation is available for those who qualify.
  • Candidates must be willing to travel as needed.
  • Visa Sponsorship is not available for this position.
  • Housing Stipend and Relocation Assistance (if eligible)
  • 5-day weekly onsite assignment.

What You Have - Skills Needed for Success in Role:

  • Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
  • Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems
  • Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
  • Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
  • Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.

Final Details:

If you are interested in applying for this position, please attach a copy of your resume and an unofficial copy of your transcripts to your application. Also, frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application - please use the candidate log-in on our career website as it will reflect any updates to your status.

Summary Pay Range:

$22.50 - $40.25

Intern Hourly Rate:

An intern's hourly rate is based on the major/degree being pursued and the number of completed academic hours achieved before the start of the internship.

Intern Benefits:

The total rewards package, beyond base salary, may include if eligible:

  • Accrued Paid Time Off (PTO)
  • Paid Holidays
  • Paid Volunteer Day
  • Housing Stipend
  • Relocation Assistance
  • Medical coverage
  • Voluntary benefits

This position requires working onsite five days a week.

Relocation is available for this position.

Visa Sponsorship is not available for this position.

Posting Dates:

July 1, 2026 - July 9, 2026

Any offer of employment is conditioned upon the successful completion of a drug screen.

Caterpillar is an Equal Opportunity Employer, Including Veterans and Individuals with Disabilities. Qualified applicants of any age are encouraged to apply.

Not ready to apply? Join our Talent Community .


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