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Career and Education Opportunities for Cost Analysts in Orlando, Florida

There is a wide variety of career and education opportunities for cost analysts in the Orlando, Florida area. Currently, 12,770 people work as cost analysts in Florida. This is expected to grow 29% to about 16,410 people by 2016. 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 approximately $25 hourly or $54,040 annually on average in Florida. Nationally they average about $27 per hour or $56,510 annually. 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: construction job cost estimator, estimator project manager, and project manager.

There are fifty schools of higher education in the Orlando area, including eighteen within twenty-five miles of Orlando where you can get a degree to start your career as a cost analyst. The most common level of education 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 Orlando 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

Florida Technical College - Orlando, FL

Florida Technical College, 12689 Challenger Parkway Suite 130, Orlando, FL 32826. Florida Technical College is a small college located in Orlando, Florida. It is a private for-profit school with primarily 2-year programs. It has 1,322 students and an admission rate of 100%. Florida Technical College has an associate's degree program in Business Administration and Management which graduated twenty-nine students in 2008.

Everest University-North Orlando - Orlando, FL

Everest University-North Orlando, 5421 Diplomat Circle, Orlando, FL 32810. Everest University-North Orlando is a small university located in Orlando, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 570 students and an admission rate of 74%. Everest University-North Orlando has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated nineteen, twelve, and twenty-four students respectively in 2008.

Polk Community College - Winter Haven, FL

Polk Community College, 999 Avenue H NE, Winter Haven, FL 33881-4299. Polk Community College is a medium sized college located in Winter Haven, Florida. It is a public school with primarily 2-year programs and has 8,516 students. Polk Community College has an associate's degree program in Business Administration and Management which graduated twelve students in 2008.

Everest University-Melbourne - Melbourne, FL

Everest University-Melbourne, 2401 N Harbor City Blvd, Melbourne, FL 32935. Everest University-Melbourne is a small university located in Melbourne, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 375 students and an admission rate of 8%. Everest University-Melbourne has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated twenty, thirteen, and twenty-one students respectively in 2008.

Central Florida College - Winter Park, FL

Central Florida College, 1573 W. Fairbanks Ave, Winter Park, FL 32789. Central Florida College is a small college located in Winter Park, Florida. It is a private for-profit school with primarily 2-year programs and has 380 students. Central Florida College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 5 students in 2008.
  • Business Administration and Management, associate's degree which graduated 2 students in 2008.

University of Central Florida - Orlando, FL

University of Central Florida, 4000 Central Florida Blvd, Orlando, FL 32816. University of Central Florida is a large university located in Orlando, Florida. It is a public school with primarily 4-year or above programs. It has 50,181 students and an admission rate of 48%. University of Central Florida has 4 areas of study related to Cost Analyst. They are:

  • Materials Engineering, master's degree and doctor's degree which graduated fourteen and six students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated 141, twenty-three, and four students respectively in 2008.
  • Business/Commerce, bachelor's degree and master's degree which graduated one and 260 students respectively in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated two, eight, and six students respectively in 2008.

Herzing College - Winter Park, FL

Herzing College, 1595 S. Semoran Blvd, Ste 1501, Winter Park, FL 32792-5509. Herzing College is a small college located in Winter Park, Florida. It is a private for-profit school with primarily 4-year or above programs and has 220 students. Herzing College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated two and five students respectively in 2008.

Valencia Community College - Orlando, FL

Valencia Community College, 190 South Orange Avenue, Orlando, FL 32801. Valencia Community College is a large college located in Orlando, Florida. It is a public school with primarily 2-year programs and has 35,652 students. Valencia Community College has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, less than one year and associate's degree which graduated forty-six and thirty students respectively in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated 752 and ninety-two students respectively in 2008.

Everest University-South Orlando - Orlando, FL

Everest University-South Orlando, 9200 Soutpark Center Loop, Orlando, FL 32819. Everest University-South Orlando is a large university located in Orlando, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 907 students and an admission rate of 66%. Everest University-South Orlando has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated twenty-one, forty-seven, and thirty-three students respectively in 2008.

City College - Casselberry, FL

City College, 853 E. Highway 436 , Ste. 200, Casselberry, FL 32707. City College is a small college located in Casselberry, Florida. It is a private not-for-profit school with primarily 2-year programs. It has 130 students and an admission rate of 58%. City College has an associate's degree program in Business Administration and Management which graduated five students in 2008.

University of Phoenix-Central Florida Campus - Maitland, FL

University of Phoenix-Central Florida Campus, 2290 Lucien Way, Suite 400, Maitland, FL 32751-7057. University of Phoenix-Central Florida Campus is a small university located in Maitland, Florida. It is a private for-profit school with primarily 4-year or above programs and has 1,380 students. University of Phoenix-Central Florida Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated 192 and 174 students respectively in 2008.

Lake-Sumter Community College - Leesburg, FL

Lake-Sumter Community College, 9501 US Hwy 441, Leesburg, FL 34788-8751. Lake-Sumter Community College is a small college located in Leesburg, Florida. It is a public school with primarily 2-year programs and has 4,112 students. Lake-Sumter Community College has an associate's degree program in Business Administration and Management which graduated four students in 2008.

Brevard Community College - Cocoa, FL

Brevard Community College, 1519 Clearlake Rd, Cocoa, FL 32922. Brevard Community College is a large college located in Cocoa, Florida. It is a public school with primarily 2-year programs and has 15,607 students. Brevard Community College has an associate's degree program in Business Administration and Management which graduated twenty students in 2008.

Rollins College - Winter Park, FL

Rollins College, 1000 Holt Ave, Winter Park, FL 32789-4499. Rollins College is a small college located in Winter Park, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,258 students and an admission rate of 58%. Rollins College has a master's degree program in Business Administration and Management which graduated 205 students in 2008.

Seminole Community College - Sanford, FL

Seminole Community College, 100 Weldon Blvd, Sanford, FL 32773-6199. Seminole Community College is a large college located in Sanford, Florida. It is a public school with primarily 2-year programs and has 14,227 students. Seminole Community College has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, less than one year and associate's degree which graduated three and zero students respectively in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated four and four students respectively in 2008.

Southern Technical College - Orlando, FL

Southern Technical College, 1485 Florida Mall Avenue, Orlando, FL 32809. Southern Technical College is a small college located in Orlando, Florida. It is a private for-profit school with primarily 2-year programs. It has 133 students and an admission rate of 97%. Southern Technical College has an associate's degree program in Business Administration and Management.

Florida Institute of Technology - Melbourne, FL

Florida Institute of Technology, 150 West University Boulevard, Melbourne, FL 32901-6975. Florida Institute of Technology is a medium sized school located in Melbourne, Florida. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,050 students and an admission rate of 82%. Florida Institute of Technology 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 thirty-four, fifteen, and two students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated two and 121 students respectively in 2008.

Full Sail University - Winter Park, FL

Full Sail University, 3300 University Blvd, Winter Park, FL 32792-7429. Full Sail University is a medium sized university located in Winter Park, Florida. It is a private for-profit school with primarily 4-year or above programs and has 2,318 students. Full Sail University has a bachelor's degree and a master's degree program in Business/Commerce which graduated 251 and twenty-two 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: Orlando, Florida

Orlando, Florida
Orlando, Florida photo by A3RO

Orlando is situated in Orange County, Florida. It has a population of over 230,519, which has grown by 24.0% over the last ten years. The cost of living index in Orlando, 91, is below the national average. New single-family homes in Orlando are valued at $217,400 on average, which is far less than the state average. In 2008, three hundred forty-eight new homes were built in Orlando, down from six hundred twenty-two the previous year.

The three big industries for women in Orlando are accommodation and food services, health care, and educational services. For men, it is accommodation and food services, construction, and arts, entertainment, and recreation. The average travel time to work is about 25 minutes. More than 28.2% of Orlando residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.3%, is higher than the state average.

The unemployment rate in Orlando is 11.1%, which is less than Florida's average of 11.3%.

The percentage of Orlando residents that are affiliated with a religious congregation, 40.2%, is less than both the national and state average. Church of Scientology of Orlando, Church of the Holy Spirit Episcopal and Metropolitan Community Church-Joy are some of the churches located in Orlando. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Orlando is home to the Dubsdread Country Club and the Conway Center as well as Mayor Carl Langford Park and Sunshine Park. Shopping centers in the area include Lake Conway Woods Shopping Center, Colonial Plaza Mall and Coytown Shopping Center. Visitors to Orlando can choose from Blue Nile Hotel Liquidators, Clarion Hotel Universal and Buena Vista Suites for temporary stays in the area.