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Career and Education Opportunities for Cost Analysts in Jacksonville, Florida

Cost analyst career and educational opportunities abound in Jacksonville, Florida. There are currently 12,770 working cost analysts in Florida; this should grow 29% to about 16,410 working cost analysts in the state by 2016. This is better than the national trend for cost analysts, which sees this job pool growing by about 25.3% over the next eight years. 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 $25 per hour or $54,040 yearly on average in Florida. In the U.S. as a whole, their income is about $27 per hour or $56,510 per year on average. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Florida and more than people in the Adjustment and Analysis category nationally. People working as cost analysts can fill a number of jobs, such as: production cost estimator, quantity surveyor, and operations manager.

There are thirty-three schools of higher education in the Jacksonville area, including thirteen within twenty-five miles of Jacksonville 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, 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 Jacksonville 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.
  • 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

Saint Johns River Community College - Palatka, FL

Saint Johns River Community College, 5001 Saint Johns Ave, Palatka, FL 32177. Saint Johns River Community College is a medium sized college located in Palatka, Florida. It is a public school with primarily 2-year programs and has 6,354 students. Saint Johns River Community College has a less than one year and an associate's degree program in Business Administration and Management which graduated seventeen and six students respectively in 2008.

Remington College-Jacksonville Campus - Jacksonville, FL

Remington College-Jacksonville Campus, 7011 A C Skinner Pkwy-Ste 140, Jacksonville, FL 32256. Remington College-Jacksonville Campus is a small college located in Jacksonville, Florida. It is a private for-profit school with primarily 4-year or above programs. Remington College-Jacksonville Campus has an associate's degree program in Business Administration and Management which graduated twelve students in 2008.

Florida Community College at Jacksonville - Jacksonville, FL

Florida Community College at Jacksonville, 501 W State St, Jacksonville, FL 32202. Florida Community College at Jacksonville is a large college located in Jacksonville, Florida. It is a public school with primarily 4-year or above programs and has 25,686 students. Florida Community College at Jacksonville has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, associate's degree which graduated 1 student in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated sixty-one and forty-seven students respectively in 2008.

Jacksonville University - Jacksonville, FL

Jacksonville University, 2800 University Blvd N, Jacksonville, FL 32211-3394. Jacksonville University is a small university located in Jacksonville, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,418 students and an admission rate of 64%. Jacksonville University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree which graduated twenty and sixty-six students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated zero and thirteen students respectively in 2008.

Florida Technical College of Jacksonville Inc - Jacksonville, FL

Florida Technical College of Jacksonville Inc, 8711 Lone Star Rd, Jacksonville, FL 32211-5123. Florida Technical College of Jacksonville Inc is a small college located in Jacksonville, Florida. It is a private for-profit school with primarily 2-year programs. It has 204 students and an admission rate of 66%. Florida Technical College of Jacksonville Inc has an associate's degree program in Business Administration and Management which graduated five students in 2008.

University of Phoenix-North Florida Campus - Jacksonville, FL

University of Phoenix-North Florida Campus, 4500 Salisbury Road North, Ste., 200, Jacksonville, FL 32216-0959. University of Phoenix-North Florida Campus is a small university located in Jacksonville, Florida. It is a private for-profit school with primarily 4-year or above programs and has 1,126 students. University of Phoenix-North Florida Campus has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, 159, and 111 students respectively in 2008.

University of North Florida - Jacksonville, FL

University of North Florida, 1 UNF Drive, Jacksonville, FL 32224-2645. University of North Florida is a large university located in Jacksonville, Florida. It is a public school with primarily 4-year or above programs. It has 14,982 students and an admission rate of 48%. University of North Florida has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 14 students in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree which graduated 80 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated nine and 158 students respectively in 2008.

Everest University-Jacksonville - Jacksonville, FL

Everest University-Jacksonville, 8226 Phillips Hwy, Jacksonville, FL 32256-1240. Everest University-Jacksonville is a small university located in Jacksonville, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 438 students and an admission rate of 75%. Everest University-Jacksonville has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated sixteen, seventeen, and zero students respectively in 2008.

Flagler College - Saint Augustine, FL

Flagler College, 74 King Street, Saint Augustine, FL 32084. Flagler College is a small college located in Saint Augustine, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,540 students and an admission rate of 45%. Flagler College has a bachelor's degree program in Business Administration and Management which graduated five students in 2008.

University of Florida - Gainesville, FL

University of Florida, 355 Tigert Hall, Gainesville, FL 32611-3115. University of Florida is a large university located in Gainesville, Florida. It is a public school with primarily 4-year or above programs. It has 51,475 students and an admission rate of 41%. University of Florida has 4 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree, master's degree, and doctor's degree which graduated twenty-seven, sixty-four, and twenty-six students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated 190, fifty-three, and twenty-one students respectively in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree and master's degree which graduated 123 and thirty-four students respectively in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated 368, 760, and seven students respectively in 2008.

Edward Waters College - Jacksonville, FL

Edward Waters College, 1658 Kings Rd, Jacksonville, FL 32209. Edward Waters College is a small college located in Jacksonville, Florida. It is a private not-for-profit school with primarily 4-year or above programs and has 840 students. Edward Waters College has a bachelor's degree program in Business Administration and Management which graduated twenty students in 2008.

Jones College-Jacksonville - Jacksonville, FL

Jones College-Jacksonville, 5353 Arlington Expy, Jacksonville, FL 32211. Jones College-Jacksonville is a small college located in Jacksonville, Florida. It is a private not-for-profit school with primarily 4-year or above programs and has 558 students. Jones College-Jacksonville has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated sixteen and sixty-five students respectively in 2008.

Everest University-Orange Park - Orange Park, FL

Everest University-Orange Park, 805 Wells Rd, Orange Park, FL 32073. Everest University-Orange Park is a small university located in Orange Park, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 289 students and an admission rate of 72%. Everest University-Orange Park has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated twenty-five and six 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: Jacksonville, Florida

Jacksonville, Florida
Jacksonville, Florida photo by Digon3

Jacksonville is located in Duval County, Florida. It has a population of over 807,815, which has grown by 9.8% over the last ten years. The cost of living index in Jacksonville, 84, is well below the national average. New single-family homes in Jacksonville are valued at $173,500 on average, which is far less than the state average. In 2008, 2,592 new homes were built in Jacksonville, down from 3,449 the previous year.

The three most popular industries for women in Jacksonville are health care, finance and insurance, and educational services. For men, it is construction, finance and insurance, and accommodation and food services. The average commute to work is about 25 minutes. More than 21.1% of Jacksonville residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.5%, is lower than the state average.

The unemployment rate in Jacksonville is 10.9%, which is less than Florida's average of 11.3%.

The percentage of Jacksonville residents that are affiliated with a religious congregation, 44.2%, is less than the national average but more than the state average. Church of God-West Jacksonville, Church of Good Shepherd and Church of Our Savior are among the churches located in Jacksonville. The largest religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.

Jacksonville is home to the Pearl Plaza and the Lane Center as well as Memorial Park and James Park. Shopping centers in the area include 5 Points West Shopping Center, Lone Star Road Shopping Center and Normandy Mall. Visitors to Jacksonville can choose from Civista Inn, Best Western Baldwin Inn and City Center Motel for temporary stays in the area.