Career and Education Opportunities for Cost Analysts in Tucson, Arizona
Tucson, Arizona provides a wide variety of opportunities, both career and educational, for cost analysts. Currently, 4,810 people work as cost analysts in Arizona. This is expected to grow 15% to about 5,540 people by 2016. This is not quite as good as the national trend for cost analysts, which sees this job pool growing by about 25.3% over the next eight years. In general, cost analysts prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service.
Cost analysts earn approximately $25 per hour or $53,310 yearly on average in Arizona. Nationally they average about $27 per hour or $56,510 per year. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Arizona and more than people in the Adjustment and Analysis category nationally. People working as cost analysts can fill a number of jobs, such as: crating and moving estimator, job estimator, and project manager.
There are seven schools within twenty-five miles of Tucson where you can study to be a cost analyst, among twenty-one schools of higher education total in the Tucson area. Cost analysts usually hold a Bachelor's degree, so it will take about four years to learn to be a cost analyst if you already have a high school diploma.
CAREER DESCRIPTION: Cost Analyst
In general, cost analysts prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. They also may specialize according to particular service performed or type of product manufactured.
Cost analysts confer with clients, vendors, personnel in other departments or construction foremen to consider and formulate estimates and resolve issues. They also talk with engineers, architects, owners, and contractors on changes and adjustments to cost estimates. Equally important, cost analysts have to analyze blueprints and other documentation to ready time and labor estimates. They are often called upon to ready estimates for use in selecting vendors or subcontractors. They are expected to ready estimates used by management for purposes such as planning, organizing, and scheduling work. Finally, cost analysts ready cost and expenditure statements and other needed documentation at regular intervals for the duration of projects.
Every day, cost analysts are expected to be able to articulate ideas and problems. They need to deal with basic arithmetic problems. It is also important that they listen to and understand others in meetings.
It is important for cost analysts to ready and maintain a directory of suppliers, contractors and subcontractors. They are often called upon to establish and maintain tendering process, and conduct negotiations. Somewhat less frequently, cost analysts are also expected to visit site and record data related to access, drainage and topography, and availability of services such as water and electricity.
Cost analysts sometimes are asked to visit site and record data related to access, drainage and topography, and availability of services such as water and electricity. And finally, they sometimes have to prepare cost monitoring and reporting systems and procedures.
Like many other jobs, cost analysts must be thorough and dependable and be able to absorb the factors involved and a problem and provide a well thought out solution.
Similar jobs with educational opportunities in Tucson include:
- Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
- Business Management Analyst. Conduct organizational studies and evaluations, design systems and procedures, conduct work simplifications and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.
- Coroner. Direct activities such as autopsies, pathological and toxicological analyses, and inquests relating to the investigation of deaths occurring within a legal jurisdiction to determine cause of death or to fix responsibility for accidental, violent, or unexplained deaths.
- Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
- Emergency Management Coordinator. Coordinate disaster response or crisis management activities, provide disaster preparedness training, and prepare emergency plans and procedures for natural, wartime, or technological disasters or hostage situations.
- Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
- License Examiner. Examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.
- Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
EDUCATIONAL OPPORTUNITIES: Cost Analyst Training
IIA College - Tucson, AZ
IIA College, 5441 E. 22nd St. Ste. 125, Tucson, AZ 85711-5444. IIA College is a small college located in Tucson, Arizona. It is a private for-profit school with primarily 4-year or above programs and has 405 students. IIA College has a less than one year program in Business Administration and Management which graduated forty-three students in 2008.
ITT Technical Institute-Tucson - Tucson, AZ
ITT Technical Institute-Tucson, 1455 W. River Rd, Tucson, AZ 85704-5829. ITT Technical Institute-Tucson is a small school located in Tucson, Arizona. It is a private for-profit school with primarily 4-year or above programs. It has 534 students and an admission rate of 50%. ITT Technical Institute-Tucson has a bachelor's degree program in Business Administration and Management.
Brown Mackie College-Tucson - Tucson, AZ
Brown Mackie College-Tucson, 4585 E Speedway Blvd., Tucson, AZ 85712. Brown Mackie College-Tucson is a small college located in Tucson, Arizona. It is a private for-profit school with primarily 4-year or above programs and has 365 students. Brown Mackie College-Tucson has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated eighteen and eleven students respectively in 2008.
University of Arizona - Tucson, AZ
University of Arizona, 1401 E University, Tucson, AZ 85721-0066. University of Arizona is a large university located in Tucson, Arizona. It is a public school with primarily 4-year or above programs. It has 38,057 students and an admission rate of 81%. University of Arizona has 3 areas of study related to Cost Analyst. They are:
- Mechanical Engineering, bachelor's degree and master's degree which graduated eighty-five and twenty students respectively in 2008.
- Business/Commerce, bachelor's degree which graduated 13 students in 2008.
- Business Administration and Management, master's degree and doctor's degree which graduated 171 and twenty-three students respectively in 2008.
Pima Community College - Tucson, AZ
Pima Community College, 401 North Bonita Avenue, Tucson, AZ 85709-5000. Pima Community College is a large college located in Tucson, Arizona. It is a public school with primarily 2-year programs and has 30,529 students. Pima Community College has less than one year, one to two year, and associate's degree programs in Business Administration and Management which graduated nine, forty-seven, and 202 students respectively in 2008.
University of Phoenix-Southern Arizona Campus - Tucson, AZ
University of Phoenix-Southern Arizona Campus, 300 S. Craycroft Road, Tucson, AZ 85711-4574. University of Phoenix-Southern Arizona Campus is a small university located in Tucson, Arizona. It is a private for-profit school with primarily 4-year or above programs and has 1,911 students. University of Phoenix-Southern Arizona Campus has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, 233, and 127 students respectively in 2008.
Tohono O'Odham Community College - Sells, AZ
Tohono O'Odham Community College, Highway 86, Mile Post 115.5 N, Sells, AZ 85634-3129. Tohono O'Odham Community College is a small college located in Sells, Arizona. It is a public school with primarily 2-year programs and has 166 students. Tohono O'Odham Community College has an associate's degree program in Business Administration and Management which graduated one student in 2008.
Certified Professional Estimator: The American Society of Professional Estimators (ASPE) has been certifying construction estimators for over thirty years.
For more information, see the American Society of Professional Estimators website.
Certified Anti-Money Laundering Specialist: CAMS certification is rrecognized by employers in both private industry and government.
For more information, see the Association of Certified Anti-Money Laundering Specialists website.
Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.
For more information, see the Investment Management Consultants Association website.
Certified Cost Estimator/Analyst : The Society's Certified Cost Estimator/Analyst (CCE/A) program provides a professional credential to SCEA members and nonmembers who demonstrate mastery of basic concepts and methods.
For more information, see the Society of Cost Estimating and Analysis website.
LOCATION INFORMATION: Tucson, Arizona
Tucson is situated in Pima County, Arizona. It has a population of over 541,811, which has grown by 11.3% in the past ten years. The cost of living index in Tucson, 88, is well below the national average. New single-family homes in Tucson are priced at $179,100 on average, which is well below the state average. In 2008, five hundred sixty-five new homes were built in Tucson, down from 1,131 the previous year.
The three big industries for women in Tucson are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and educational services. The average commute to work is about 22 minutes. More than 22.9% of Tucson residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.0%, is higher than the state average.
The unemployment rate in Tucson is 9.2%, which is less than Arizona's average of 9.3%.
The percentage of Tucson residents that are affiliated with a religious congregation, 44.9%, is less than the national average but more than the state average. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the LDS (Mormon) Church.
Tucson is home to the Arizona Correctional Training Facility and the Silverbell Golf Course as well as Vista del Pueblo Park and Verde Meadows Park. Shopping centers in the area include Gaslight Square Shopping Center, Grant Park Shopping Center and Grant Plaza South Shopping Center. Visitors to Tucson can choose from LA Quinta, Casa Tierra Adobe B & B Inn and Best Western Executive Inn for temporary stays in the area.