Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Cost Analysts in Colorado Springs, Colorado

If you want to be a cost analyst, the Colorado Springs, Colorado area offers many opportunities both for education and employment. About 5,460 people are currently employed as cost analysts in Colorado. By 2016, this is expected to grow 40% to about 7,620 people employed. This is better than 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.

Cost analysts earn about $27 hourly or $56,420 annually on average in Colorado and about $27 per hour or $56,510 yearly on average nationally. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Colorado and better than general Adjustment and Analysis category earnings nationally. Jobs in this field include: building construction estimator, construction job cost estimator, and estimator project manager.

There are nineteen schools of higher education in the Colorado Springs area, including ten within twenty-five miles of Colorado Springs 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 Colorado Springs 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

National American University-Colorado Springs - Colorado Springs, CO

National American University-Colorado Springs, 5125 North Academy Boulevard, Colorado Springs, CO 80918-4001. National American University-Colorado Springs is a small university located in Colorado Springs, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 277 students. National American University-Colorado Springs has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated ten and twenty-four students respectively in 2008.

Everest College-Colorado Springs - Colorado Springs, CO

Everest College-Colorado Springs, 1815 Jet Wing Drive, Colorado Springs, CO 80916. Everest College-Colorado Springs is a small college located in Colorado Springs, Colorado. It is a private for-profit school with primarily 2-year programs. It has 320 students and an admission rate of 63%. Everest College-Colorado Springs has an associate's degree program in Business Administration and Management which graduated eleven students in 2008.

United States Air Force Academy - USAFA, CO

United States Air Force Academy, , USAFA, CO 80840-5002. United States Air Force Academy is a small school located in USAFA, Colorado. It is a public school with primarily 4-year or above programs. It has 4,543 students and an admission rate of 18%. United States Air Force Academy has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree.
  • Business Administration and Management, bachelor's degree.

Colorado State University-Pueblo - Pueblo, CO

Colorado State University-Pueblo, 2200 Bonforte Blvd, Pueblo, CO 81001-4901. Colorado State University-Pueblo is a medium sized university located in Pueblo, Colorado. It is a public school with primarily 4-year or above programs. It has 4,579 students and an admission rate of 97%. Colorado State University-Pueblo has a bachelor's degree and a master's degree program in Business/Commerce which graduated seventy-four and forty students respectively in 2008.

Colorado Technical University - Colorado Springs, CO

Colorado Technical University, 4435 N Chestnut Street, Colorado Springs, CO 80907-3812. Colorado Technical University is a small university located in Colorado Springs, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 2,237 students. Colorado Technical University has associate's degree, bachelor's degree, master's degree, and doctor's degree programs in Business Administration and Management which graduated ten, fifty-nine, 138, and sixteen students respectively in 2008.

Pikes Peak Community College - Colorado Springs, CO

Pikes Peak Community College, 5675 S Academy Blvd, Colorado Springs, CO 80906-5498. Pikes Peak Community College is a large college located in Colorado Springs, Colorado. It is a public school with primarily 2-year programs and has 11,701 students. Pikes Peak Community College has an associate's degree program in Business Administration and Management which graduated fourteen students in 2008.

University of Phoenix-Southern Colorado Campus - Colorado Springs, CO

University of Phoenix-Southern Colorado Campus, 5725 Mark Dabling Blvd., Colorado Springs, CO 80919-2221. University of Phoenix-Southern Colorado Campus is a small university located in Colorado Springs, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 474 students. University of Phoenix-Southern Colorado Campus has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, forty, and twenty-nine students respectively in 2008.

College America-Colorado Springs - Colorado Springs, CO

College America-Colorado Springs, 3645 Citadel Drive South, Colorado Springs, CO 80909. College America-Colorado Springs is a small college located in Colorado Springs, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 425 students. College America-Colorado Springs has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated zero and one students respectively in 2008.

University of Colorado at Colorado Springs - Colorado Springs, CO

University of Colorado at Colorado Springs, 1420 Austin Bluffs Parkway, Colorado Springs, CO 80918. University of Colorado at Colorado Springs is a medium sized university located in Colorado Springs, Colorado. It is a public school with primarily 4-year or above programs. It has 8,929 students and an admission rate of 69%. University of Colorado at Colorado Springs has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree which graduated thirty-two and eleven students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 235 and 112 students respectively in 2008.

Colorado Technical University Online - Colorado Springs, CO

Colorado Technical University Online, 4435 N Chestnut-Ste E, Colorado Springs, CO 80907. Colorado Technical University Online is a large university located in Colorado Springs, Colorado. It is a private for-profit school with primarily 4-year or above programs. It has 26,134 students and an admission rate of 46%. Colorado Technical University Online has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated 652 and 735 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: Colorado Springs, Colorado

Colorado Springs, Colorado
Colorado Springs, Colorado photo by FlickreviewR

Colorado Springs is located in El Paso County, Colorado. It has a population of over 380,307, which has grown by 5.4% over the last ten years. The cost of living index in Colorado Springs, 86, is well below the national average.

The three most popular industries for women in Colorado Springs are health care, educational services, and accommodation and food services. For men, it is construction, professional, scientific, and technical services, and accommodation and food services. The average travel time to work is about 21 minutes. More than 33.6% of Colorado Springs residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.2%, is higher than the state average.

The unemployment rate in Colorado Springs is 7.0%, which is greater than Colorado's average of 6.6%.

The percentage of Colorado Springs residents that are affiliated with a religious congregation, 37.1%, is less than both the national and state average. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the Charismatic Churches Independent.

Colorado Springs is home to the Wilsons Ranch and the Flying W Ranch as well as Garden of the Gods and Acacia Park. Shopping malls in the area include Academy Center Shopping Center, Academy Place Shopping Center and Academy Place Shopping Center. Visitors to Colorado Springs can choose from Days Inn, Antlers Hilton Colorado Springs and Apache Court for temporary stays in the area.