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Career and Education Opportunities for Cost Analysts in Irvine, California

Cost analyst career and educational opportunities abound in Irvine, California. Currently, 25,600 people work as cost analysts in California. This is expected to grow by 22% to about 31,200 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.

Income for cost analysts is about $31 hourly or $64,620 per year on average in California. Nationally, their income is about $27 hourly or $56,510 yearly. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in California earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. People working as cost analysts can fill a number of jobs, such as: job estimator, building estimator, and building construction estimator.

The Irvine area is home to 112 schools of higher education, including thirty within twenty-five miles of Irvine 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

Cost Analyst video from the State of New Jersey Dept. of Labor and Workforce Development

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 Irvine 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.
  • Insurance Adjuster. Investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
  • Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • 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

Coastline Community College - Fountain Valley, CA

Coastline Community College, 11460 Warner Ave, Fountain Valley, CA 92708-2597. Coastline Community College is a large college located in Fountain Valley, California. It is a public school with primarily 2-year programs and has 14,200 students. Coastline Community College has less than one year, associate's degree, and two to four year programs in Business Administration and Management which graduated one, fourteen, and zero students respectively in 2008.

Vanguard University of Southern California - Costa Mesa, CA

Vanguard University of Southern California, 55 Fair Dr, Costa Mesa, CA 92626. Vanguard University of Southern California is a small university located in Costa Mesa, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,128 students and an admission rate of 81%. Vanguard University of Southern California has a bachelor's degree and a master's degree program in Business Administration and Management which graduated zero and twelve students respectively in 2008.

ITT Technical Institute-Anaheim - Anaheim, CA

ITT Technical Institute-Anaheim, 525 N Muller Street, Anaheim, CA 92801. ITT Technical Institute-Anaheim is a small school located in Anaheim, California. It is a private for-profit school with primarily 4-year or above programs. It has 960 students and an admission rate of 50%. ITT Technical Institute-Anaheim has a bachelor's degree program in Business Administration and Management.

Long Beach City College - Long Beach, CA

Long Beach City College, 4901 E. Carson St., Long Beach, CA 90808-1706. Long Beach City College is a large college located in Long Beach, California. It is a public school with primarily 2-year programs and has 26,097 students. Long Beach City College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, less than one year, associate's degree, and two to four year which graduated three, thirteen, and zero students respectively in 2008.
  • Business Administration and Management, less than one year, one to two year, associate's degree, and two to four year which graduated five, two, thirty-eight, and zero students respectively in 2008.

Cerritos College - Norwalk, CA

Cerritos College, 11110 Alondra Blvd, Norwalk, CA 90650-6298. Cerritos College is a large college located in Norwalk, California. It is a public school with primarily 2-year programs and has 22,228 students. Cerritos College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 88 students in 2008.
  • Business Administration and Management, less than one year, associate's degree, and two to four year which graduated ten, seventeen, and zero students respectively in 2008.

Biola University - La Mirada, CA

Biola University, 13800 Biola Ave, La Mirada, CA 90639-0001. Biola University is a medium sized university located in La Mirada, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,893 students and an admission rate of 81%. Biola University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree which graduated seventy-seven and eight students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 160 and twenty-four students respectively in 2008.

Santa Ana College - Santa Ana, CA

Santa Ana College, 1530 W. 17th Street, Santa Ana, CA 92706-3398. Santa Ana College is a large college located in Santa Ana, California. It is a public school with primarily 2-year programs and has 26,464 students. Santa Ana College has less than one year, associate's degree, and two to four year programs in Business Administration and Management which graduated sixteen, ninety-five, and zero students respectively in 2008.

Orange Coast College - Costa Mesa, CA

Orange Coast College, 2701 Fairview Road, Costa Mesa, CA 92628-5005. Orange Coast College is a large college located in Costa Mesa, California. It is a public school with primarily 2-year programs and has 24,700 students. Orange Coast College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 69 students in 2008.
  • Business Administration and Management, one to two year, associate's degree, and two to four year which graduated four, thirty-six, and zero students respectively in 2008.

Rio Hondo College - Whittier, CA

Rio Hondo College, 3600 Workman Mill Rd, Whittier, CA 90601-1616. Rio Hondo College is a large college located in Whittier, California. It is a public school with primarily 2-year programs and has 17,505 students. Rio Hondo College has an associate's degree program in Business Administration and Management which graduated seventy students in 2008.

TUI University - Cypress, CA

TUI University, 5665 Plaza Dr, 3rd fl, Cypress, CA 90630. TUI University is a medium sized university located in Cypress, California. It is a private for-profit school with primarily 4-year or above programs and has 8,201 students. TUI University has bachelor's degree, master's degree, and doctor's degree programs in Business Administration and Management which graduated 432, 839, and fifteen students respectively in 2008.

Fullerton College - Fullerton, CA

Fullerton College, 321 E Chapman Avenue, Fullerton, CA 92832-2095. Fullerton College is a large college located in Fullerton, California. It is a public school with primarily 2-year programs and has 22,500 students. Fullerton College has an associate's degree and a two to four year program in Business Administration and Management which graduated 152 and zero students respectively in 2008.

El Camino College-Compton Center - Compton, CA

El Camino College-Compton Center, 1111 East Artesia Blvd., Compton, CA 90221-5393. El Camino College-Compton Center is a small college located in Compton, California. It is a public school with primarily 2-year programs and has 3,899 students. El Camino College-Compton Center has an associate's degree program in Business Administration and Management which graduated one student in 2008.

Golden West College - Huntington Beach, CA

Golden West College, 15744 Golden West, Huntington Beach, CA 92647-2710. Golden West College is a large college located in Huntington Beach, California. It is a public school with primarily 2-year programs and has 14,000 students. Golden West College has less than one year, associate's degree, and two to four year programs in Business Administration and Management which graduated eleven, two, and zero students respectively in 2008.

Los Angeles Harbor College - Wilmington, CA

Los Angeles Harbor College, 1111 Figueroa Place, Wilmington, CA 90744-2397. Los Angeles Harbor College is a large college located in Wilmington, California. It is a public school with primarily 2-year programs and has 9,694 students. Los Angeles Harbor College has an associate's degree program in Business/Commerce which graduated five students in 2008.

University of California-Irvine - Irvine, CA

University of California-Irvine, , Irvine, CA 92697. University of California-Irvine is a large university located in Irvine, California. It is a public school with primarily 4-year or above programs. It has 25,899 students and an admission rate of 56%. University of California-Irvine has 3 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree, master's degree, and doctor's degree which graduated fourteen, eighteen, and fifteen students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated one, thirty-three, and nine students respectively in 2008.
  • Business Administration and Management, master's degree and doctor's degree which graduated 311 and four students respectively in 2008.

Whittier College - Whittier, CA

Whittier College, 13406 E Philadelphia Street, Whittier, CA 90601. Whittier College is a small college located in Whittier, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,895 students and an admission rate of 72%. Whittier College has a bachelor's degree program in Business Administration and Management which graduated fifty-four students in 2008.

Concordia University - Irvine, CA

Concordia University, 1530 Concordia West, Irvine, CA 92612-3299. Concordia University is a small university located in Irvine, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,452 students and an admission rate of 62%. Concordia University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated sixty-nine and twenty-seven students respectively in 2008.

Chapman University - Orange, CA

Chapman University, One University Dr., Orange, CA 92866. Chapman University is a medium sized university located in Orange, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,131 students and an admission rate of 50%. Chapman University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fifteen and seventy students respectively in 2008.

California State University-Dominguez Hills - Carson, CA

California State University-Dominguez Hills, 1000 E Victoria St, Carson, CA 90747-0005. California State University-Dominguez Hills is a large university located in Carson, California. It is a public school with primarily 4-year or above programs. It has 12,842 students and an admission rate of 12%. California State University-Dominguez Hills has a bachelor's degree and a master's degree program in Business Administration and Management which graduated 312 and seventy-six students respectively in 2008.

Cypress College - Cypress, CA

Cypress College, 9200 Valley View, Cypress, CA 90630-5897. Cypress College is a large college located in Cypress, California. It is a public school with primarily 2-year programs and has 14,990 students. Cypress College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree.
  • Business Administration and Management, less than one year, associate's degree, and two to four year which graduated sixteen, seven, and zero students respectively in 2008.

Argosy University-Orange County - Santa Ana, CA

Argosy University-Orange County, 3501 West Sunflower Avenue, Suite 110, Santa Ana, CA 92704. Argosy University-Orange County is a small university located in Santa Ana, California. It is a private for-profit school with primarily 4-year or above programs. It has 882 students and an admission rate of 79%. Argosy University-Orange County has associate's degree, bachelor's degree, master's degree, and doctor's degree programs in Business/Commerce which graduated three, eight, twenty-five, and twelve students respectively in 2008.

Irvine Valley College - Irvine, CA

Irvine Valley College, 5500 Irvine Center Drive, Irvine, CA 92618-0301. Irvine Valley College is a medium sized college located in Irvine, California. It is a public school with primarily 2-year programs and has 11,963 students. Irvine Valley College has less than one year, associate's degree, and two to four year programs in Business Administration and Management which graduated two, thirty-eight, and zero students respectively in 2008.

Westwood College-Anaheim - Anaheim, CA

Westwood College-Anaheim, 1551 S. Douglass Rd, Anaheim, CA 92806. Westwood College-Anaheim is a small college located in Anaheim, California. It is a private for-profit school with primarily 4-year or above programs. It has 989 students and an admission rate of 42%. Westwood College-Anaheim has a bachelor's degree program in Business Administration and Management which graduated thirteen students in 2008.

Hope International University - Fullerton, CA

Hope International University, 2500 E Nutwood Ave, Fullerton, CA 92831-3199. Hope International University is a small university located in Fullerton, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 841 students and an admission rate of 80%. Hope International University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, forty-three, and fourteen students respectively in 2008.

Saddleback College - Mission Viejo, CA

Saddleback College, 28000 Marguerite Pky, Mission Viejo, CA 92692-3635. Saddleback College is a large college located in Mission Viejo, California. It is a public school with primarily 2-year programs and has 20,706 students. Saddleback College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 8 students in 2008.
  • Business Administration and Management, associate's degree which graduated 104 students in 2008.

California State University-Fullerton - Fullerton, CA

California State University-Fullerton, 800 N State College Blvd, Fullerton, CA 92831-3599. California State University-Fullerton is a large university located in Fullerton, California. It is a public school with primarily 4-year or above programs. It has 36,990 students and an admission rate of 60%. California State University-Fullerton has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree which graduated nine and four students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated sixty-seven and 139 students respectively in 2008.

Santiago Canyon College - Orange, CA

Santiago Canyon College, 8045 E Chapman, Orange, CA 92869-4512. Santiago Canyon College is a large college located in Orange, California. It is a public school with primarily 2-year programs and has 13,086 students. Santiago Canyon College has less than one year, associate's degree, and two to four year programs in Business Administration and Management which graduated one, twenty-nine, and zero students respectively in 2008.

California State University-Long Beach - Long Beach, CA

California State University-Long Beach, 1250 Bellflower Blvd, Long Beach, CA 90840-0115. California State University-Long Beach is a large university located in Long Beach, California. It is a public school with primarily 4-year or above programs. It has 37,891 students and an admission rate of 47%. California State University-Long Beach has 4 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree which graduated one and nineteen students respectively in 2008.
  • Manufacturing Engineering, bachelor's degree which graduated 5 students in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree which graduated 42 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 207 and 128 students respectively in 2008.

Southern California Institute of Technology - Anaheim, CA

Southern California Institute of Technology, 222 S. Harbor Blvd. Suite 200, Anaheim, CA 92805-3701. Southern California Institute of Technology is a small school located in Anaheim, California. It is a private for-profit school with primarily 4-year or above programs. It has 514 students and an admission rate of 98%. Southern California Institute of Technology has an associate's degree program in Business Administration and Management which graduated one student in 2008.

University of Phoenix-Southern California Campus - Costa Mesa, CA

University of Phoenix-Southern California Campus, 3090 Bristol Street, Suite 500, Costa Mesa, CA 92626-3079. University of Phoenix-Southern California Campus is a large university located in Costa Mesa, California. It is a private for-profit school with primarily 4-year or above programs and has 9,821 students. University of Phoenix-Southern California Campus has less than one year, associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated four, six, 1,010, and 427 students respectively in 2008.

CERTIFICATIONS

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: Irvine, California

Irvine, California
Irvine, California photo by SoCal L.A.

Irvine is situated in Orange County, California. It has a population of over 207,500, which has grown by 45.0% over the last ten years. The cost of living index in Irvine, 136, is far greater than the national average. New single-family homes in Irvine are valued at $283,000 on average, which is below the state average. In 2008, one hundred twenty-five new homes were built in Irvine, down from two hundred twenty-nine the previous year.

The three big industries for women in Irvine are educational services, professional, scientific, and technical services, and health care. For men, it is professional, scientific, and technical services, educational services, and computer and electronic products. The average travel time to work is about 23 minutes. More than 58.4% of Irvine residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 24.2%, is higher than the state average.

The unemployment rate in Irvine is 7.3%, which is less than California's average of 12.3%.

The percentage of Irvine residents that are affiliated with a religious congregation, 44.8%, is less than the national average but more than the state average. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Charismatic Churches Independent.

Irvine is home to the International Raceway and the Heritage Park Library as well as Heritage Park and Alderwood Park. Shopping centers in the area include Heritage Plaza Shopping Center, Alton Square Shopping Center and Arbor Village Shopping Center. Visitors to Irvine can choose from Atrium Hotel At Orange County Airport and Amerilodge Electronics for temporary stays in the area.