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Cost Analyst Jobs in Ohio (NOW HIRING)

Manifest Solutions

Project Cost Analyst

Columbus, OH · On-site

Coordinates project cost analysis and controls across multiple projects, supporting Project Managers and teams with minimal supervision and strong independent judgment. * Oversees cost reporting ...

Manifest Solutions

Project Cost Analyst

Columbus, OH · On-site

Coordinates project cost analysis and controls across multiple projects, supporting Project Managers and teams with minimal supervision and strong independent judgment. * Oversees cost reporting ...

Thermo Fisher Scientific

Cost Analyst III

Marietta, OH · On-site

Position Summary Join our Finance team as an Operations Cost Analyst and contribute to financial excellence across our manufacturing operations. In this position, you'll collaborate with Operations ...

Corbus, LLC

Should-Cost Analyst

Cincinnati, OH · Hybrid

The 'Should'-Cost Analyst will provide manufacturing technical support to purchased materials and finished parts to assist in meeting cost goals, delivery requirements and contractual requirements ...

Quanta Services

Senior Cost Analyst

Columbus, OH

$78K - $99K/yr

The Cost Analyst will ensure accurate, timely reporting of project costs and production metrics, supporting decision-making across all stages of the project lifecycle. * Partner with project managers ...

Leidos

Project Cost Analyst

Cincinnati, OH · Hybrid

Leidos Engineering is seeking an experienced Project Controller/Project Cost Analyst to join our Power Delivery Solutions division. In this role, you will work project managers and engineering leads ...

Diaconia

Cost Analyst/Estimator, Senior

Dayton, OH · On-site

$65K - $75K/yr

Provide direct cost estimating and analysis assistance to the Government's formal Analysis of Alternatives (AoA) process. * In recognition of the Weapon Systems Acquisition Reform Act of 2009 and ...

Diaconia LLC

Cost Analyst/Estimator, Senior

Dayton, OH

$65K - $75K/yr

Provide direct cost estimating and analysis assistance to the Government's formal Analysis of Alternatives (AoA) process. * In recognition of the Weapon Systems Acquisition Reform Act of 2009 and ...

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All JobsCost Analyst JobsCost Analyst Jobs in Ohio

Cost Analyst information

See Ohio salary details

$35.2K

$82.1K

$121.2K

How much do cost analyst jobs pay per year?

As of Aug 22, 2026, the average yearly pay for cost analyst in Ohio is $82,056.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,100.00 and $95,500.00 per year, depending on experience, location, and employer.

What does a cost analyst do?

A Cost Analyst is responsible for examining and managing the costs associated with a company's operations, products, or projects. They analyze financial data, prepare cost reports, and work to identify areas where expenses can be reduced without compromising quality. Cost Analysts often collaborate with other departments to ensure budget adherence and provide recommendations for cost-saving strategies. Their work helps organizations make informed financial decisions and improve profitability.

What does a cost analyst do?

A cost analyst helps their company control expenses through financial research and analysis. In this job, your duties include analyzing the difference between company costs and standard costs, developing budgets, auditing financial transactions, conducting market research, and preparing reports for company leadership. One of your goals is to determine how to lower costs for the company. The qualifications for a career as a cost analyst include a bachelor’s degree in business administration or accounting, experience in cost accounting, and excellent analytical skills. Some employers may also require you to be a certified public accountant (CPA) to qualify for this job.

What are some common challenges faced by cost analysts in managing project budgets, and how can they be addressed?

Cost Analysts often encounter challenges such as incomplete data, shifting project scopes, and unexpected expenses that can impact budget accuracy. To address these issues, it's important to maintain clear communication with project managers and department heads, use reliable forecasting tools, and regularly review financial reports for discrepancies. Proactively identifying potential cost overruns and suggesting corrective actions helps ensure projects stay within budget and meet organizational financial goals.

What are the key skills and qualifications needed to thrive as a cost analyst, and why are they important?

To thrive as a Cost Analyst, you need strong analytical skills, a solid grasp of accounting principles, and typically a bachelor's degree in finance, accounting, or a related field. Proficiency in Excel, ERP systems (like SAP), and cost accounting software, along with certifications such as CMA (Certified Management Accountant), are often required. Attention to detail, problem-solving ability, and effective communication are crucial soft skills for interpreting data and presenting findings to stakeholders. These competencies are essential for delivering accurate cost analyses that support informed business decisions and enhance organizational efficiency.

What is the difference between Cost Analyst vs Financial Analyst?

AspectCost AnalystFinancial Analyst
Required CredentialsBachelor's in finance, accounting, or related field; often certifications like CMA or CPABachelor's in finance, economics, or related; certifications like CFA are common
Work EnvironmentCorporate finance, manufacturing, or government agencies focusing on cost controlInvestment firms, banks, or corporate finance departments analyzing financial data
Employer & Industry UsageUsed in industries with cost management needs such as manufacturing and logisticsUsed across finance sectors including banking, investment, and corporate finance

The main difference between a Cost Analyst and a Financial Analyst lies in their focus areas. Cost Analysts primarily concentrate on controlling and reducing costs within organizations, often working closely with operations. Financial Analysts analyze financial data to guide investment and business decisions. Both roles require similar educational backgrounds and certifications, but their work environments and objectives differ significantly.

How much does a cost analyst make?

The average salary for a cost analyst is around $65,000 to $75,000 per year, depending on experience, location, and industry. Entry-level positions typically start lower, while experienced analysts or those with specialized skills can earn over $85,000 annually.

What degree do you need to be a cost analyst?

A cost analyst typically needs at least a bachelor's degree in finance, accounting, economics, or a related field. Some employers prefer candidates with a master's degree or professional certifications such as the Certified Management Accountant (CMA) or Certified Public Accountant (CPA). Strong analytical skills and proficiency with spreadsheets and data analysis tools are also important.
More about Cost Analyst jobs

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For Cost Analyst jobs in Ohio, the most frequently searched job titles are:

What job categories do people searching Cost Analyst jobs in Ohio look for?

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For Cost Analyst jobs in OH, the most frequently searched job titles are:

Cost Analyst jobs near you
Infographic showing various Cost Analyst job openings in Ohio as of August 2026, with employment types broken down into 1% As Needed, 91% Full Time, 6% Part Time, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $82,056 per year, or $39.5 per hour.

COST ANALYST

US Department of the Air Force

Wright-patterson Air Force Base, OH • On-site

$96K/yr

Part-time

Re-posted 25 days ago

Job description

Click on "Learn more about this agency" button below to view Eligibilities being considered and other IMPORTANT information.
The primary purpose of this position is to obtain experience and training under the Palace Acquire (PAQ) Program which leads to career development in the field of Financial Management.Qualifications:Air Force Qualification Standards
To qualify for a GS-07: Completion of 1 full year of graduate level education, or bachelor's degree with Superior academic Achievement as provided in the "General Policies and Instructions" for Qualifications Standards Operating Manual, or 5 academic years of pre-professional study, or 1 year specialized experience equivalent to at least GS-5.
To qualify for a GS-09: Master's or equivalent graduate degree, or 2 full years of progressively higher level graduate education leading to such a degree, or LL.B or J.D., if related.
Experience refers to paid and unpaid experience, including volunteer work done through National Service Programs (i.e., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community; student and social). Volunteer work helps build critical competencies, knowledge and skills that can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
KNOWLEDGE, SKILLS AND ABILITIES (KSAs): Your qualifications will be evaluated on the basis of your level of knowledge, skills, abilities and/or competencies in the following areas:
1. Knowledge of the methods and techniques of research inquiry and cost.
2. Understanding of management theories, principles, concepts, and practices.
3. Knowledge of cost, budget and program analysis.
4. Knowledge of statistical techniques, applied mathematics and economics.
5. Skill in using computer software and hardware to accomplish assignments.
6. Skill in written and oral communication and in working with others to accomplish objectives.
PART-TIME OR UNPAID EXPERIENCE: Credit will be given for appropriate unpaid and or part-time work. You must clearly identify the duties and responsibilities in each position held and the total number of hours per week.
VOLUNTEER WORK EXPERIENCE: Refers to paid and unpaid experience, including volunteer work done through National Service Programs (i.e., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community; student and social). Volunteer work helps build critical competencies, knowledge and skills that can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.Education:You MUST provide transcripts to support your educational claims. Education must be accredited by an accrediting institution recognized by the U.S. Department of Education.
PLEASE SUBMIT COPIES OF ALL TRANSCRIPTS TO INCLUDE TRANSFERRED HOURS - OFFICIAL COPIES ARE NOT REQUIRED AT TIME OF APPLICATION.
IF SELECTED, YOU WILL BE REQUIRED TO PROVIDE OFFICIAL COPIES OF ALL TRANSCRIPTS. ***NOTE*** Degree Audits are not accepted.
IF YOU QUALIFY BASED ON UNDERGRADUATE EDUCATION AND YOU HAVE NOT GRADUATED PRIOR TO APPLYING TO THIS POSITION, YOU MAY BE OFFERED A POSITION CONTINGENT UPON YOUR FINAL GRADE POINT AVERAGE OR CLASS RANKING.
FOREIGN EDUCATION: Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.S. education program. It is your responsibility to provide such evidence when applying.Employment Type: OTHER

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