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Career and Education Opportunities for Cost Analysts in Moreno Valley, California

Many educational and employment opportunities exist for cost analysts in the Moreno Valley, California area. About 25,600 people are currently employed as cost analysts in California. By 2016, this is expected to grow by 22% to 31,200 people employed. This is not quite as good as the nation as a whole, where employment opportunities for cost analysts are expected to grow by about 25.3%. 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.

A person working as a cost analyst can expect to earn about $31 per hour or $64,620 per year on average in California and about $27 hourly or $56,510 per year on average in the U.S. as a whole. 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. Cost analysts work in a variety of jobs, including: electrical estimator, crating and moving estimator, and building construction estimator.

The Moreno Valley area is home to thirty-one schools of higher education, including eleven within twenty-five miles of Moreno Valley where you can get a degree as a cost analyst. Cost analysts usually hold a Bachelor's degree, so 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 Moreno Valley 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.
  • Claims Adjuster. Review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.
  • 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

Copper Mountain Community College - Joshua Tree, CA

Copper Mountain Community College, 6162 Rotary Way, Joshua Tree, CA 92252. Copper Mountain Community College is a small college located in Joshua Tree, California. It is a public school with primarily 2-year programs and has 2,178 students. Copper Mountain Community 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.

College of the Desert - Palm Desert, CA

College of the Desert, 43-500 Monterey Ave, Palm Desert, CA 92260. College of the Desert is a medium sized college located in Palm Desert, California. It is a public school with primarily 2-year programs and has 9,632 students. College of the Desert has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 10 students in 2008.
  • Business Administration and Management, associate's degree which graduated 37 students in 2008.

San Bernardino Valley College - San Bernardino, CA

San Bernardino Valley College, 701 South Mount Vernon Avenue, San Bernardino, CA 92410-2798. San Bernardino Valley College is a large college located in San Bernardino, California. It is a public school with primarily 2-year programs and has 13,317 students. San Bernardino Valley College has less than one year, associate's degree, and two to four year programs in Business Administration and Management which graduated four, forty, and zero students respectively in 2008.

Crafton Hills College - Yucaipa, CA

Crafton Hills College, 11711 Sand Canyon Road, Yucaipa, CA 92399-1799. Crafton Hills College is a medium sized college located in Yucaipa, California. It is a public school with primarily 2-year programs and has 5,964 students. Crafton Hills College has an associate's degree and a two to four year program in Business Administration and Management which graduated fifteen and zero students respectively in 2008.

Riverside Community College - Riverside, CA

Riverside Community College, 4800 Magnolia Ave, Riverside, CA 92506. Riverside Community College is a large college located in Riverside, California. It is a public school with primarily 2-year programs and has 34,058 students. Riverside Community College has 2 areas of study related to Cost Analyst. They are:

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

University of California-Riverside - Riverside, CA

University of California-Riverside, 900 University Ave, Riverside, CA 92521. University of California-Riverside is a large university located in Riverside, California. It is a public school with primarily 4-year or above programs. It has 18,405 students and an admission rate of 87%. University of California-Riverside has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated forty-eight, five, and four students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 632 and forty-nine students respectively in 2008.

Mt. San Jacinto Community College District - San Jacinto, CA

Mt. San Jacinto Community College District, 1499 N State St, San Jacinto, CA 92583-2399. Mt. San Jacinto Community College District is a large college located in San Jacinto, California. It is a public school with primarily 2-year programs and has 18,162 students. Mt. San Jacinto Community College District has one to two year, associate's degree, and two to four year programs in Business Administration and Management which graduated three, eighty-eight, and zero students respectively in 2008.

Professional Golfers Career College - Temecula, CA

Professional Golfers Career College, 26109 Ynez Road, Temecula, CA 92591. Professional Golfers Career College is a small college located in Temecula, California. It is a private for-profit school with primarily 2-year programs and has 350 students. Professional Golfers Career College has an associate's degree program in Business Administration and Management which graduated 183 students in 2008.

California Baptist University - Riverside, CA

California Baptist University, 8432 Magnolia Ave, Riverside, CA 92504-3297. California Baptist University is a small university located in Riverside, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,013 students and an admission rate of 74%. California Baptist University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 111 students in 2008.
  • Business Administration and Management, master's degree which graduated 23 students in 2008.

Palo Verde College - Blythe, CA

Palo Verde College, One College Drive, Blythe, CA 92225. Palo Verde College is a small college located in Blythe, California. It is a public school with primarily 2-year programs and has 4,100 students. Palo Verde College has 2 areas of study related to Cost Analyst. They are:

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

La Sierra University - Riverside, CA

La Sierra University, 4500 Riverwalk Parkway, Riverside, CA 92515-8247. La Sierra University is a small university located in Riverside, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,899 students and an admission rate of 55%. La Sierra University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree which graduated one and zero students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated twenty-eight and one 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: Moreno Valley, California

Moreno Valley, California
Moreno Valley, California photo by Slowking_Man

Moreno Valley is situated in Riverside County, California. It has a population of over 190,871, which has grown by 34.1% over the last ten years. The cost of living index in Moreno Valley, 121, is far greater than the national average. New single-family homes in Moreno Valley are priced at $225,500 on average, which is far less than the state average. In 2008, one hundred thirty-two new homes were built in Moreno Valley, down from three hundred ninety-two the previous year.

The three most popular industries for women in Moreno Valley are health care, educational services, and accommodation and food services. For men, it is construction, public administration, and educational services. The average commute to work is about 35 minutes. More than 14.0% of Moreno Valley residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 4.6%, is lower than the state average.

The unemployment rate in Moreno Valley is 17.3%, which is greater than California's average of 12.3%.

The percentage of Moreno Valley residents that are affiliated with a religious congregation, 43.0%, is less than both the national and state average. Trinity Baptist Church, Sunnymead Wesleyan Church and Sunnymead Baptist Temple are some of the churches located in Moreno Valley. The largest religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.

Moreno Valley is home to the Sunnymead Chamber of Commerce and the Lawless Ranch as well as Pedrorena Park and John F Kennedy Veterans Memorial Park. Shopping centers in the area include Moreno Valley Mall at Towngate Shopping Center, Moreno Valley Plaza Shopping Center and Moreno Valley Shopping Center. Visitors to Moreno Valley can choose from Best Western Image Suites and Best Western Image Inn & Suites for temporary stays in the area.