Career and Education Opportunities for Cost Analysts in Bakersfield, California
If you want to be a cost analyst, the Bakersfield, California area offers many opportunities both for education and employment. There are currently 25,600 jobs for cost analysts in California and this is projected to grow by 22% to 31,200 jobs 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.
The income of a cost analyst is about $31 hourly or $64,620 annually on average in California. In the U.S. as a whole, their income is about $27 hourly or $56,510 annually on average. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in California and better than general Adjustment and Analysis category earnings nationally. People working as cost analysts can fill a number of jobs, such as: cost estimator, quantity surveyor, and design consultant.
The Bakersfield area is home to eight schools of higher education, including five within twenty-five miles of Bakersfield where you can get a degree as a cost analyst. Given that the most common education level for cost analysts is a Bachelor's degree, you can expect to spend about four years studying 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 Bakersfield 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.
EDUCATIONAL OPPORTUNITIES: Cost Analyst Training
Taft College - Taft, CA
Taft College, 29 Emmons Park Drive, Taft, CA 93268. Taft College is a medium sized college located in Taft, California. It is a public school with primarily 2-year programs and has 9,463 students. Taft College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, associate's degree which graduated 11 students in 2008.
- Business Administration and Management, associate's degree which graduated 7 students in 2008.
Santa Barbara Business College - Bakersfield, CA
Santa Barbara Business College, 5300 California Avenue, Bakersfield, CA 93309. Santa Barbara Business College is a small college located in Bakersfield, California. It is a private for-profit school with primarily 2-year programs. It has 547 students and an admission rate of 55%. Santa Barbara Business College has a one to two year and an associate's degree program in Business/Commerce which graduated five and twenty-one students respectively in 2008.
Bakersfield College - Bakersfield, CA
Bakersfield College, 1801 Panorama Dr, Bakersfield, CA 93305-1299. Bakersfield College is a large college located in Bakersfield, California. It is a public school with primarily 2-year programs and has 18,028 students. Bakersfield College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, less than one year and two to four year which graduated twenty-two and zero students respectively in 2008.
- Business Administration and Management, associate's degree and two to four year which graduated seventy-two and zero students respectively in 2008.
California State University-Bakersfield - Bakersfield, CA
California State University-Bakersfield, 9001 Stockdale Hwy, Bakersfield, CA 93311-1099. California State University-Bakersfield is a medium sized university located in Bakersfield, California. It is a public school with primarily 4-year or above programs. It has 7,709 students and an admission rate of 48%. California State University-Bakersfield has a bachelor's degree and a master's degree program in Business Administration and Management which graduated 262 and forty-two students respectively in 2008.
San Joaquin Valley College-Bakersfield - Bakersfield, CA
San Joaquin Valley College-Bakersfield, 201 New Stine Rd, Bakersfield, CA 93309. San Joaquin Valley College-Bakersfield is a small college located in Bakersfield, California. It is a private for-profit school with primarily 2-year programs and has 568 students. San Joaquin Valley College-Bakersfield has an associate's degree program in Business Administration and Management which graduated forty-nine students 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: Bakersfield, California
Bakersfield is situated in Kern County, California. It has a population of over 321,078, which has grown by 30.0% in the past ten years. The cost of living index in Bakersfield, 90, is well below the national average. New single-family homes in Bakersfield are valued at $191,500 on average, which is far less than the state average. In 2008, 1,038 new homes were built in Bakersfield, down from 1,820 the previous year.
The three most popular industries for women in Bakersfield are educational services, health care, and accommodation and food services. For men, it is construction, public administration, and educational services. The average travel time to work is about 22 minutes. More than 19.3% of Bakersfield residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.4%, is lower than the state average.
The unemployment rate in Bakersfield is 10.1%, which is less than California's average of 12.3%.
The percentage of Bakersfield residents that are affiliated with a religious congregation, 43.6%, is less than both the national and state average. Cornerstone Community Church, Coronado Gardens Missionary Baptist Church and Kingdom Hall of Jehovahs Witnesses are some of the churches located in Bakersfield. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the LDS (Mormon) Church.
Bakersfield is home to the Mesa Marin Raceway and the Avenue Oaks Country Club as well as Beale Park and Kern County Fairgrounds. Shopping centers in the area include Sagebrush Shopping Center, White Lane Plaza Shopping Center and Benton Park Shopping Center. Visitors to Bakersfield can choose from Best Western Heritage Inn, Best Western Hill House and America's Best Inn Bakersfield for temporary stays in the area.