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Cost Analyst Average Salary in Italy 2024

How much money does a person working as Cost Analyst make in Italy?


Average Monthly Salary
4,290 EUR
( 51,400 EUR yearly)

LOW
2,230
EUR
AVERAGE
4,290
EUR
HIGH
6,560
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Cost Analyst in Italy typically earns around 4,290 EUR. Salaries range from 2,230 EUR (lowest) to 6,560 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Cost Analyst salaries in Italy vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Cost Analyst Pay Scale and Salaries in Italy

Median and salary distribution Italy Cost Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,880 EUR or more
10% of people earn
3,460 to 3,880 EUR
20% of people earn
2,520 EUR or less
65% of people earn
2,520 to 3,460 EUR
Minimum Salary
2,230 EUR
Median
3,900 EUR
Maximum
6,560 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Cost Analyst in Italy range from 2,230 EUR (starting salary) to 6,560 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 3,900 EUR, half of the professionals who work as Cost Analyst in Italy earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Cost Analyst in Italy earn less than 3,230 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,420 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Cost Analyst in Italy compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,520 EUR to 3,460 EUR. About 20% of salaries are below the 2,520 EUR mark, while 10% fall within the range of 3,460 EUR to 3,880 EUR. Only 5% of individuals have salaries exceeding 3,880 EUR.

Salary Comparison by Years of Experience / Cost Analyst / Italy

How do experience and age affect pay?

0 - 2 Years
2,530 EUR
2 - 5 Years+34%
3,400 EUR
5 - 10 Years+30%
4,410 EUR
10 - 15 Years+21%
5,340 EUR
15 - 20 Years+9%
5,840 EUR
20+ Years+5%
6,150 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Italy Cost Analyst
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Cost Analyst and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,530 EUR.

While someone with an experience level between two and five years is expected to earn 3,400 EUR, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,410 EUR, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,340 EUR, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 5,840 EUR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 6,150 EUR, 5% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Cost Analyst / Italy

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Cost Analyst.

High School
3,050 EUR
Certificate or Diploma+14%
3,480 EUR
Bachelor's Degree+41%
4,910 EUR
Master's Degree+21%
5,950 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Italy Cost Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Cost Analyst in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 3,050 EUR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 3,480 EUR, 14% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 4,910 EUR, 41% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 5,950 EUR, 21% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Italy costs anywhere from 18,300 EUR to 54,900 EUR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Cost Analyst / Italy

Salary comparison by gender Italy Cost Analyst monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Cost Analyst in Italy, the average difference between the salary of male and female employees is 6%.

Male
4,410 EUR
Female-5%
4,180 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Italy for all Careers

Salary comparison by gender monthly Italy
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Average Annual Salary Increment Percentage / Cost Analyst / Italy

How much are annual salary increments in Italy for individuals working as Cost Analyst? How often do employees get salary raises?

Individuals working as Cost Analyst in Italy are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Italy Cost Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Italy / All Professions

Annual Salary Increment Rate Italy
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Italy is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Cost Analyst / Italy

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Italy Cost Analyst
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45% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 55% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
55%
No Bonus
45%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Cost Analyst / Italy


25 EUR per hour

The average hourly wage (pay per hour) for individuals working as Cost Analyst in Italy is 25 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Cost Analyst in Italy is 13 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner2,010 EUR-53%
Account Executive3,360 EUR-22%
Accountant2,720 EUR-37%
Accounting Analyst3,250 EUR-24%
Accounting Assistant2,140 EUR-50%
Accounting Associate1,890 EUR-56%
Accounting Clerk1,620 EUR-62%
Accounting Coordinator2,410 EUR-44%
Accounting Head5,320 EUR+24%
Accounting Manager5,430 EUR+27%
Accounting Officer1,970 EUR-54%
Accounting Specialist3,620 EUR-16%
Accounting Supervisor3,660 EUR-15%
Accounting Technician1,840 EUR-57%
Accounting Unit Controller4,450 EUR+4%
Accounts Executive3,430 EUR-20%
Accounts Officer2,100 EUR-51%
Accounts Payable and Receivable Specialist2,730 EUR-36%
Accounts Payable Assistant2,160 EUR-50%
Accounts Payable Associate2,410 EUR-44%
Accounts Payable Clerk1,910 EUR-55%
Accounts Payable Manager5,100 EUR+19%
Accounts Receivable Administrator4,100 EUR-4%
Accounts Receivable Clerk1,930 EUR-55%
Accounts Receivable Financial Analyst3,620 EUR-16%
Accounts Receivable Manager5,070 EUR+18%
Accounts Receivable Team Leader4,000 EUR-7%
Algorithmic Trading Specialist4,720 EUR+10%
Assistant Accountant2,080 EUR-51%
Assistant Accounting Manager4,800 EUR+12%
Assistant Auditor2,780 EUR-35%
Assistant Corporate Controller3,800 EUR-11%
Assistant Finance Manager5,380 EUR+26%
Assistant Financial Controller3,780 EUR-12%
Audit Director6,420 EUR+50%
Audit Supervisor4,890 EUR+14%
Auditing Clerk2,100 EUR-51%
Auditing Manager5,680 EUR+33%
Billing Clerk2,140 EUR-50%
Billing Coordinator2,320 EUR-46%
Billing Specialist2,940 EUR-31%
Billing Supervisor4,240 EUR-1%
Bookkeeper1,830 EUR-57%
Bookkeeping Specialist2,510 EUR-41%
Budget Analyst4,810 EUR+12%
Budget Manager5,240 EUR+22%
Business Support Analyst3,130 EUR-27%
Capital Markets Associate3,880 EUR-9%
Cash Flow Analyst3,850 EUR-10%
Cash Management Manager5,080 EUR+19%
Cash Management Officer2,960 EUR-31%
Cashbook Clerk1,870 EUR-56%
Chartered Accountant3,310 EUR-23%
Chief Accountant4,060 EUR-5%
Chief Financial Technology Officer5,570 EUR+30%
Collections Clerk1,670 EUR-61%
Collections Representative2,410 EUR-44%
Collections Specialist2,720 EUR-37%
Corporate Controller4,370 EUR+2%
Corporate Treasurer5,090 EUR+19%
Cost Accountant2,570 EUR-40%
Cost Accounting Manager5,320 EUR+24%
Cost Accounting Supervisor4,430 EUR+3%
Cost Analyst4,290 EUR+0%
Credit and Collection Manager5,080 EUR+19%
Credit and Collection Staff1,990 EUR-54%
Credit and Loans Officer1,950 EUR-54%
Credit Controller3,570 EUR-17%
Credit Manager5,650 EUR+32%
Debt Adviser4,350 EUR+2%
Debt Collector2,130 EUR-50%
Debtors Clerk1,930 EUR-55%
Debtors Controller1,970 EUR-54%
Deputy CFO7,040 EUR+64%
Deputy Head of Finance7,110 EUR+66%
Derivative Trader4,560 EUR+6%
Director of Finance8,020 EUR+87%
E-commerce Accountant2,840 EUR-34%
Economist6,280 EUR+47%
Equity Analyst4,890 EUR+14%
Escrow Assistant2,440 EUR-43%
Executive Accountant3,040 EUR-29%
External Auditor3,850 EUR-10%
Finance Administrator3,220 EUR-25%
Finance Analyst4,710 EUR+10%
Finance Associate2,410 EUR-44%
Finance Data Analyst4,410 EUR+3%
Finance Director8,220 EUR+92%
Finance Executive5,830 EUR+36%
Finance Licensing Clerk1,860 EUR-57%
Finance Licensing Manager4,940 EUR+15%
Finance Licensing Specialist2,810 EUR-34%
Finance Manager7,840 EUR+83%
Finance Officer2,470 EUR-42%
Finance President8,020 EUR+87%
Finance Relationship Manager5,920 EUR+38%
Finance Release Analyst3,190 EUR-26%
Finance Specialist4,210 EUR-2%
Finance Team Leader 6,030 EUR+41%
Financial Accountant2,650 EUR-38%
Financial Actuary3,970 EUR-7%
Financial Administrator4,460 EUR+4%
Financial Advisor4,640 EUR+8%
Financial Analyst4,900 EUR+14%
Financial Applications Specialist3,340 EUR-22%
Financial Assistant2,160 EUR-50%
Financial Associate2,460 EUR-43%
Financial Claims Analyst3,520 EUR-18%
Financial Claims Manager4,680 EUR+9%
Financial Claims Supervisor4,370 EUR+2%
Financial Clerk2,020 EUR-53%
Financial Commercial Analyst4,020 EUR-6%
Financial Compliance Analyst4,320 EUR+1%
Financial Compliance Officer4,340 EUR+1%
Financial Consultant3,470 EUR-19%
Financial Controller4,290 EUR+0%
Financial Coordinator2,470 EUR-42%
Financial Customer Service Manager4,990 EUR+16%
Financial Data Scientist5,120 EUR+19%
Financial Dealer and Broker2,930 EUR-32%
Financial Director7,900 EUR+84%
Financial Encoder2,250 EUR-47%
Financial Manager7,390 EUR+72%
Financial Modelling Analyst4,970 EUR+16%
Financial Operations Manager6,750 EUR+58%
Financial Policy Analyst4,130 EUR-4%
Financial Project Manager5,510 EUR+29%
Financial Quantitative Analyst4,560 EUR+6%
Financial Reporting Consultant4,020 EUR-6%
Financial Reporting Manager5,090 EUR+19%
Financial Section Head4,960 EUR+16%
Financial Services Manager6,750 EUR+58%
Financial Services Sales Agent2,960 EUR-31%
Financial Technology Consultant4,380 EUR+2%
Financial Wellness Coach5,730 EUR+34%
FinTech Analyst4,370 EUR+2%
Fixed Assets Administrator2,760 EUR-36%
Forensic Accountant2,990 EUR-30%
Fraud Detection Supervisor3,380 EUR-21%
Fraud Prevention Manager5,620 EUR+31%
Fund Accountant2,650 EUR-38%
Grants Coordinator1,950 EUR-54%
Green Finance Analyst4,090 EUR-5%
Group Financial Manager7,790 EUR+82%
Internal Auditor3,690 EUR-14%
Internal Control Adviser4,310 EUR+1%
Internal Control Officer2,400 EUR-44%
International Tax Director6,160 EUR+44%
Inventory Accountant2,690 EUR-37%
Investment Advisor7,450 EUR+74%
Investment Analyst5,530 EUR+29%
Investment Associate4,360 EUR+2%
Investment Broker4,270 EUR-0%
Investment Fund Manager5,820 EUR+36%
Investment Operations Manager5,700 EUR+33%
Investment Underwriter2,230 EUR-48%
Investor3,450 EUR-19%
Investor Relations Manager5,400 EUR+26%
KYC Team Leader5,410 EUR+26%
Loan Processor2,110 EUR-51%
Management Accountant2,960 EUR-31%
Management Economist6,250 EUR+46%
Paymaster2,250 EUR-47%
Payroll Administrator3,440 EUR-20%
Payroll Benefits Coordinator2,820 EUR-34%
Payroll Billing Manager4,690 EUR+9%
Payroll Clerk2,280 EUR-47%
Payroll Manager4,820 EUR+12%
Payroll Officer2,250 EUR-47%
Payroll Specialist2,700 EUR-37%
Payroll Supervisor3,380 EUR-21%
Pensions Administrator2,840 EUR-34%
Personal Financial Advisor3,820 EUR-11%
Pricing Analyst4,370 EUR+2%
Private Equity Analyst4,820 EUR+12%
Project Accountant2,970 EUR-31%
Proposal Development Coordinator2,390 EUR-44%
Quantitative Trader3,720 EUR-13%
Receivables Accountant2,370 EUR-45%
Regulatory Accountant2,970 EUR-31%
Retirement Plan Analyst4,370 EUR+2%
Revenue Management Specialist4,570 EUR+7%
Revenue Recognition Analyst4,770 EUR+11%
Risk Management Director6,490 EUR+51%
Risk Management Supervisor5,370 EUR+25%
Staff Accountant2,480 EUR-42%
Tax Accountant2,620 EUR-39%
Tax Administrator2,800 EUR-35%
Tax Advisor3,970 EUR-7%
Tax Analyst3,990 EUR-7%
Tax Associate2,370 EUR-45%
Tax Consultant4,180 EUR-2%
Tax Director6,100 EUR+42%
Tax Examiner2,930 EUR-32%
Tax Manager5,570 EUR+30%
Tax Research Manager5,590 EUR+30%
Teller1,640 EUR-62%
Treasury Accountant2,800 EUR-35%
Treasury Analyst4,320 EUR+1%
Underwriter1,880 EUR-56%
Underwriting Assistant1,770 EUR-59%
Vice President of Finance7,520 EUR+75%

Salary Comparison By City

CityAverage Salary
Milano4,810 EUR
Rome4,750 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Italy is 5% on average across all career fields.

Private Sector
3,560 EUR
Public Sector+5%
3,750 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Cost Analyst in Italy?

A good and competitive compensation would range anywhere between 3,900 EUR and 4,420 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Cost Analyst in Italy ranges from 2,230 EUR to 3,230 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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