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Career and Education Opportunities for Cost Analysts in Sacramento, California

For those living in the Sacramento, California area, there are many career and education opportunities for cost analysts. About 25,600 people are currently employed as cost analysts in California. By 2016, this is expected to grow by 22% to about 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%. Cost analysts generally 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 yearly on average in California. In the U.S. as a whole, their income is about $27 per hour or $56,510 annually on average. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in California and more than people in the Adjustment and Analysis category nationally. Cost analysts work in a variety of jobs, including: environmental marketing specialist, crating and moving estimator, and cost estimator.

The Sacramento area is home to forty-two schools of higher education, including fourteen within twenty-five miles of Sacramento where you can get a degree as a cost analyst. The most common level of education for cost analysts is a Bachelor's degree. You can expect to spend about four years training to become 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 Sacramento 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

San Joaquin Delta College - Stockton, CA

San Joaquin Delta College, 5151 Pacific Ave, Stockton, CA 95207. San Joaquin Delta College is a large college located in Stockton, California. It is a public school with primarily 2-year programs and has 20,480 students. San Joaquin Delta College has an associate's degree and a two to four year program in Business/Commerce which graduated 179 and zero students respectively in 2008.

Sacramento City College - Sacramento, CA

Sacramento City College, 3835 Freeport Blvd, Sacramento, CA 95822-1386. Sacramento City College is a large college located in Sacramento, California. It is a public school with primarily 2-year programs and has 26,175 students. Sacramento City College has 2 areas of study related to Cost Analyst. They are:

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

Cosumnes River College - Sacramento, CA

Cosumnes River College, 8401 Center Parkway, Sacramento, CA 95823-5799. Cosumnes River College is a large college located in Sacramento, California. It is a public school with primarily 2-year programs and has 14,518 students. Cosumnes River 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 22 students in 2008.

Sierra College - Rocklin, CA

Sierra College, 5000 Rocklin Road, Rocklin, CA 95677-3397. Sierra College is a large college located in Rocklin, California. It is a public school with primarily 2-year programs and has 21,608 students. Sierra 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 two, fourteen, and zero students respectively in 2008.
  • Business Administration and Management, less than one year, associate's degree, and two to four year which graduated four, 183, and zero students respectively in 2008.

William Jessup University - Rocklin, CA

William Jessup University, 333 Sunset Blvd., Rocklin, CA 95765-3707. William Jessup University is a small university located in Rocklin, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 463 students and an admission rate of 68%. William Jessup University has a bachelor's degree program in Business Administration and Management which graduated thirty students in 2008.

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

San Joaquin Valley College-Rancho Cordova, 11050 Olson Dr Ste 100, Rancho Cordova, CA 95670. San Joaquin Valley College-Rancho Cordova is a small college located in Rancho Cordova, California. It is a private for-profit school with primarily 2-year programs and has 296 students. San Joaquin Valley College-Rancho Cordova has a one to two year and an associate's degree program in Business Administration and Management which graduated nine and zero students respectively in 2008.

University of Phoenix-Sacramento Valley Campus - Sacramento, CA

University of Phoenix-Sacramento Valley Campus, 2890 Gateway Oaks Drive, Suite 200, Sacramento, CA 95833-3632. University of Phoenix-Sacramento Valley Campus is a small university located in Sacramento, California. It is a private for-profit school with primarily 4-year or above programs and has 3,166 students. University of Phoenix-Sacramento Valley Campus has less than one year, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, 338, and 128 students respectively in 2008.

MTI College - Sacramento, CA

MTI College, 5221 Madison Ave, Sacramento, CA 95841-9817. MTI College is a small college located in Sacramento, California. It is a private for-profit school with primarily 2-year programs. It has 708 students and an admission rate of 67%. MTI College has a less than one year and an associate's degree program in Business Administration and Management which graduated sixty-six and twenty-five students respectively in 2008.

American River College - Sacramento, CA

American River College, 4700 College Oak Dr, Sacramento, CA 95841-4286. American River College is a large college located in Sacramento, California. It is a public school with primarily 2-year programs and has 37,601 students. American River 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 five, thirty-one, and zero students respectively in 2008.
  • Business Administration and Management, less than one year, associate's degree, and two to four year which graduated three, twenty-six, and zero students respectively in 2008.

California State University-Sacramento - Sacramento, CA

California State University-Sacramento, 6000 J St, Sacramento, CA 95819-2694. California State University-Sacramento is a large university located in Sacramento, California. It is a public school with primarily 4-year or above programs. It has 29,022 students and an admission rate of 67%. California State University-Sacramento has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree which graduated thirty-three and five students respectively in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree which graduated 23 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 162 and 113 students respectively in 2008.

ITT Technical Institute-Rancho Cordova - Rancho Cordova, CA

ITT Technical Institute-Rancho Cordova, 10863 Gold Center Dr, Rancho Cordova, CA 95670-6034. ITT Technical Institute-Rancho Cordova is a small school located in Rancho Cordova, California. It is a private for-profit school with primarily 4-year or above programs. It has 816 students and an admission rate of 50%. ITT Technical Institute-Rancho Cordova has a bachelor's degree program in Business Administration and Management.

Folsom Lake College - Folsom, CA

Folsom Lake College, 10 College Parkway, Folsom, CA 95630. Folsom Lake College is a medium sized college located in Folsom, California. It is a public school with primarily 2-year programs and has 9,142 students. Folsom Lake College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 3 students in 2008.
  • Business Administration and Management, associate's degree which graduated 7 students in 2008.

Humphreys College-Stockton - Stockton, CA

Humphreys College-Stockton, 6650 Inglewood Ave, Stockton, CA 95207-3896. Humphreys College-Stockton is a small college located in Stockton, California. It is a private not-for-profit school with primarily 4-year or above programs and has 811 students. Humphreys College-Stockton has an associate's degree and a bachelor's degree program in Business Administration and Management.

University of California-Davis - Davis, CA

University of California-Davis, One Shields Avenue, Davis, CA 95616-8678. University of California-Davis is a large university located in Davis, California. It is a public school with primarily 4-year or above programs. It has 30,270 students and an admission rate of 59%. University of California-Davis 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 one, three, and five students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated sixteen, twenty-six, and eighteen students respectively in 2008.
  • Business Administration and Management, master's degree which graduated 151 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: Sacramento, California

Sacramento, California
Sacramento, California photo by Urdangaray

Sacramento is located in Sacramento County, California. It has a population of over 463,794, which has grown by 13.9% in the past ten years. The cost of living index in Sacramento, 93, is below the national average. New single-family homes in Sacramento are valued at $185,300 on average, which is far less than the state average. In 2008, nine hundred thirty-four new homes were constructed in Sacramento, down from 1,337 the previous year.

The top three industries for women in Sacramento are health care, educational services, and public administration. For men, it is construction, public administration, and accommodation and food services. The average travel time to work is about 23 minutes. More than 23.9% of Sacramento residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 8.4%, is lower than the state average.

The unemployment rate in Sacramento is 14.7%, which is greater than California's average of 12.3%.

The percentage of Sacramento residents that are affiliated with a religious congregation, 36.9%, is less than both the national and state average. Pearly Gate Missionary Baptist Church, Peace Lutheran Church and Parkview Presbyterian Church are among the churches located in Sacramento. The most prominent religious groups are the Catholic Church, the LDS (Mormon) Church and the Assemblies of God.

Sacramento is home to the Southern Pacific Shops and the Bing Maloney Golf Course as well as Alkali Flat North Historic District and Silva Field. Shopping centers in the area include Farmers Center Shopping Center, Florin Square Shopping Center and Franklin and Florin Shopping Center. Visitors to Sacramento can choose from Best Western Sutter House, Best for Less Motel-Cababa Lodge and AAA Residence Inn for temporary stays in the area.