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Career and Education Opportunities for Cost Analysts in Santa Clara, California

Cost analysts can find many career and educational opportunities in the Santa Clara, California area. There are currently 25,600 working cost analysts in California; this should grow by 22% to about 31,200 working cost analysts in the state by 2016. 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.

A person working as a cost analyst can expect to earn about $31 per hour or $64,620 annually on average in California and about $27 per hour or $56,510 annually on average in the U.S. as a whole. 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. Jobs in this field include: procurement technician, sales engineer, and production cost estimator.

There are thirty-five schools of higher education in the Santa Clara area, including sixteen within twenty-five miles of Santa Clara where you can get a degree to start your career as a cost analyst. Given that the most common education level for cost analysts is a Bachelor's degree, it will take about four years to learn 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 Santa Clara 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.
  • 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

Stanford University - Stanford, CA

Stanford University, , Stanford, CA 94305. Stanford University is a large university located in Stanford, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 19,782 students and an admission rate of 9%. Stanford University has 3 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree, master's degree, post-master's certificate, and doctor's degree which graduated zero, twenty-nine, zero, and seventeen students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, post-master's certificate, and doctor's degree which graduated zero, 152, one, and thirty-six students respectively in 2008.
  • Business Administration and Management, master's degree and doctor's degree which graduated 374 and twenty-two students respectively in 2008.

Ohlone College - Fremont, CA

Ohlone College, 43600 Mission Blvd, Fremont, CA 94539-0390. Ohlone College is a large college located in Fremont, California. It is a public school with primarily 2-year programs and has 11,083 students. Ohlone College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 32 students in 2008.
  • Business Administration and Management, associate's degree which graduated 4 students in 2008.

Bethany University - Scotts Valley, CA

Bethany University, 800 Bethany Dr, Scotts Valley, CA 95066-2898. Bethany University is a small university located in Scotts Valley, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 507 students and an admission rate of 70%. Bethany University has a bachelor's degree program in Business Administration and Management which graduated eleven students in 2008.

San Jose State University - San Jose, CA

San Jose State University, 1 Washington Sq, San Jose, CA 95192-0001. San Jose State University is a large university located in San Jose, California. It is a public school with primarily 4-year or above programs. It has 32,749 students and an admission rate of 64%. San Jose State University has 3 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree and master's degree which graduated three and fourteen students respectively in 2008.
  • Mechanical Engineering, bachelor's degree and master's degree which graduated three and thirty students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated forty-four and sixty-four students respectively in 2008.

Northwestern Polytechnic University - Fremont, CA

Northwestern Polytechnic University, 47671 Westinghouse Drive, Fremont, CA 94539. Northwestern Polytechnic University is a small university located in Fremont, California. It is a private not-for-profit school with primarily 4-year or above programs and has 1,170 students. Northwestern Polytechnic University has bachelor's degree, master's degree, and doctor's degree programs in Business Administration and Management which graduated fifteen, sixty-six, and zero students respectively in 2008.

San Jose City College - San Jose, CA

San Jose City College, 2100 Moorpark Ave, San Jose, CA 95128-2798. San Jose City College is a large college located in San Jose, California. It is a public school with primarily 2-year programs and has 11,574 students. San Jose City 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, less than one year, one to two year, associate's degree, and two to four year which graduated one, one, twenty-three, and zero students respectively in 2008.

Silicon Valley University - San Jose, CA

Silicon Valley University, 2160 Lundy Avenue, Suite 110, San Jose, CA 95131-1868. Silicon Valley University is a small university located in San Jose, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 233 students and an admission rate of 100%. Silicon Valley University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated two and sixteen students respectively in 2008.

Mission College - Santa Clara, CA

Mission College, 3000 Mission College Blvd, Santa Clara, CA 95054-1897. Mission College is a large college located in Santa Clara, California. It is a public school with primarily 2-year programs and has 10,154 students. Mission College has less than one year, associate's degree, and two to four year programs in Business/Commerce which graduated three, twenty-six, and zero students respectively in 2008.

Santa Clara University - Santa Clara, CA

Santa Clara University, 500 El Camino Real, Santa Clara, CA 95053. Santa Clara University is a medium sized university located in Santa Clara, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,987 students and an admission rate of 61%. Santa Clara University 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 twenty-seven, eleven, and zero students respectively in 2008.
  • Business Administration and Management, master's degree which graduated 344 students in 2008.

De Anza College - Cupertino, CA

De Anza College, 21250 Stevens Creek Blvd., Cupertino, CA 95014. De Anza College is a large college located in Cupertino, California. It is a public school with primarily 2-year programs and has 24,677 students. De Anza 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, associate's degree, and two to four year which graduated forty, twenty-two, and zero students respectively in 2008.

The National Hispanic University - San Jose, CA

The National Hispanic University, 14271 Story Rd, San Jose, CA 95127-3823. The National Hispanic University is a small university located in San Jose, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 483 students and an admission rate of 64%. The National Hispanic University has a bachelor's degree program in Business Administration and Management which graduated four students in 2008.

Gavilan College - Gilroy, CA

Gavilan College, 5055 Santa Teresa Blvd, Gilroy, CA 95020. Gavilan College is a medium sized college located in Gilroy, California. It is a public school with primarily 2-year programs and has 7,159 students. Gavilan 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, eleven, and zero students respectively in 2008.
  • Business Administration and Management, associate's degree and two to four year.

West Valley College - Saratoga, CA

West Valley College, 14000 Fruitvale Ave, Saratoga, CA 95070-5698. West Valley College is a large college located in Saratoga, California. It is a public school with primarily 2-year programs and has 10,585 students. West Valley 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 fifteen, zero, and zero students respectively in 2008.
  • Business Administration and Management, less than one year, associate's degree, and two to four year which graduated thirteen, thirty-seven, and zero students respectively in 2008.

Foothill College - Los Altos Hills, CA

Foothill College, 12345 El Monte Rd, Los Altos Hills, CA 94022. Foothill College is a large college located in Los Altos Hills, California. It is a public school with primarily 2-year programs and has 19,837 students. Foothill College has a one to two year and an associate's degree program in Business Administration and Management which graduated zero and thirty students respectively in 2008.

Evergreen Valley College - San Jose, CA

Evergreen Valley College, 3095 Yerba Buena Rd, San Jose, CA 95135-1598. Evergreen Valley College is a large college located in San Jose, California. It is a public school with primarily 2-year programs and has 9,621 students. Evergreen Valley College has an associate's degree program in Business Administration and Management which graduated seventy students in 2008.

Cabrillo College - Aptos, CA

Cabrillo College, 6500 Soquel Dr, Aptos, CA 95003. Cabrillo College is a large college located in Aptos, California. It is a public school with primarily 2-year programs and has 15,822 students. Cabrillo College has less than one year, one to two year, and associate's degree programs in Business/Commerce which graduated zero, one, and fifty 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: Santa Clara, California

Santa Clara, California
Santa Clara, California photo by Coolcaesar

Santa Clara is located in Santa Clara County, California. It has a population of over 110,200, which has grown by 7.7% over the last ten years. The cost of living index in Santa Clara, 158, is far greater than the national average. New single-family homes in Santa Clara cost $196,500 on average, which is far less than the state average. In 2008, forty-three new homes were constructed in Santa Clara, down from eighty-five the previous year.

The top three industries for women in Santa Clara are computer and electronic products, professional, scientific, and technical services, and educational services. For men, it is computer and electronic products, professional, scientific, and technical services, and construction. The average commute to work is about 22 minutes. More than 42.4% of Santa Clara residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 16.6%, is higher than the state average.

The unemployment rate in Santa Clara is 10.9%, which is less than California's average of 12.3%.

The percentage of Santa Clara residents that are affiliated with a religious congregation, 43.2%, is less than both the national and state average. Peace Lutheran Church, Good News Community Church and Universal Church of the Master are some of the churches located in Santa Clara. The most prominent religious groups are the Catholic Church, the LDS (Mormon) Church and the Muslim Estimate.

Santa Clara is home to the Santa Clara Unified School District Office and the Santa Clara Municipal Golf Course as well as Westwood Acres Park and Washington Park. Shopping centers in the area include Moonlite Shopping Center, Fairway Glen Shopping Center and Youth Shopping Center.