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Career and Education Opportunities for Cost Analysts in Ontario, California

For those living in the Ontario, California area, there are many career and education opportunities for cost analysts. Currently, 25,600 people work as cost analysts in California. This is expected to grow 22% to 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 per hour or $64,620 yearly 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. Jobs in this field include: construction job cost estimator, procurement technician, and cost recovery/investment recovery technician.

There are twenty-two schools of higher education in the Ontario area, including seven within twenty-five miles of Ontario where you can get a degree to start your career 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 Ontario 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

Everest College-Ontario - Ontario, CA

Everest College-Ontario, 1460 S. Milliken Ave, Ontario, CA 91761-2338. Everest College-Ontario is a small college located in Ontario, California. It is a private for-profit school with primarily less-than 2-year programs. It has 235 students and an admission rate of 66%. Everest College-Ontario has a less than one year program in Business Administration and Management which graduated nineteen students in 2008.

Chaffey College - Rancho Cucamonga, CA

Chaffey College, 5885 Haven Ave, Rancho Cucamonga, CA 91737-3002. Chaffey College is a large college located in Rancho Cucamonga, California. It is a public school with primarily 2-year programs and has 20,486 students. Chaffey College has less than one year, one to two year, associate's degree, and two to four year programs in Business Administration and Management which graduated thirteen, twelve, fifty-four, and zero students respectively in 2008.

Westwood College-Inland Empire - Upland, CA

Westwood College-Inland Empire, 20 W 7th St, Upland, CA 91786-7148. Westwood College-Inland Empire is a small college located in Upland, California. It is a private for-profit school with primarily 4-year or above programs. It has 1,080 students and an admission rate of 42%. Westwood College-Inland Empire has a bachelor's degree program in Business Administration and Management which graduated twelve students in 2008.

Everest College-Ontario Metro - Ontario, CA

Everest College-Ontario Metro, 1819 South Excise Avenue, Ontario, CA 91761. Everest College-Ontario Metro is a small college located in Ontario, California. It is a private for-profit school with primarily 4-year or above programs. It has 217 students and an admission rate of 68%. Everest College-Ontario Metro has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 1 student in 2008.
  • Business Administration and Management, associate's degree which graduated 33 students in 2008.

San Joaquin Valley College-Rancho Cucamonga - Rancho Cucamonga, CA

San Joaquin Valley College-Rancho Cucamonga, 10641 Church St, Rancho Cucamonga, CA 91730. San Joaquin Valley College-Rancho Cucamonga is a small college located in Rancho Cucamonga, California. It is a private for-profit school with primarily 2-year programs and has 846 students. San Joaquin Valley College-Rancho Cucamonga has a one to two year and an associate's degree program in Business Administration and Management which graduated zero and 158 students respectively in 2008.

Barstow Community College - Barstow, CA

Barstow Community College, 2700 Barstow Road, Barstow, CA 92311. Barstow Community College is a small college located in Barstow, California. It is a public school with primarily 2-year programs and has 2,318 students. Barstow Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 47 students in 2008.
  • Business Administration and Management, associate's degree and two to four year which graduated forty-six and zero students respectively in 2008.

ITT Technical Institute-San Bernardino - San Bernardino, CA

ITT Technical Institute-San Bernardino, 670 E Carnegie Drive, San Bernardino, CA 92408. ITT Technical Institute-San Bernardino is a small school located in San Bernardino, California. It is a private for-profit school with primarily 4-year or above programs. It has 1,598 students and an admission rate of 54%. ITT Technical Institute-San Bernardino has a bachelor's degree program in Business Administration and Management which graduated six students 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: Ontario, California

Ontario, California
Ontario, California photo by Sfan00_IMG

Ontario is situated in San Bernardino County, California. It has a population of over 171,691, which has grown by 8.7% over the last ten years. The cost of living index in Ontario, 127, is far greater than the national average. New single-family homes in Ontario are priced at $164,100 on average, which is far less than the state average. In 2008, eight new homes were constructed in Ontario, down from three hundred seven the previous year.

The three most popular industries for women in Ontario are health care, educational services, and accommodation and food services. For men, it is construction, administrative and support and waste management services, and accommodation and food services. The average commute to work is about 31 minutes. More than 10.5% of Ontario residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 2.7%, is lower than the state average.

The unemployment rate in Ontario is 14.9%, which is greater than California's average of 12.3%.

The percentage of Ontario residents that are affiliated with a religious congregation, 42.0%, is less than both the national and state average. Kingdom Hall of Jehovahs Witnesses, Country Church of Ontario and Grace Missionary Baptist Church are all churches located in Ontario. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the LDS (Mormon) Church.

Ontario is home to the Ontario Motor Speedway and the West End Multi-Service Center as well as Del Rancho Park and Unity Park. Shopping malls in the area include Galvin Park Shopping Center, Vineyard Freeway Shopping Center and Ontario Vineyard Marketplace Shopping Center. Visitors to Ontario can choose from Best Western Ontario, Best Western Ontario Airport and Amerisuites Ontario Mills for temporary stays in the area.