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Career and Education Opportunities for Cost Analysts in Hawaii

Hawaii has a population of 1,295,178, which has grown by 6.90% over the past 10 years. Nicknamed the "Aloha State," Hawaii's capital and most populous city is Honolulu.

About 820 people are currently employed as cost analysts in Hawaii. By 2016, this is expected to grow by 18% to 970 people employed. This is not quite as good as the national trend for cost analysts, which sees this job pool growing by about 25.3% over the next eight years. 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 $31 per hour or $64,720 annually on average in Hawaii and about $27 hourly or $56,510 annually on average nationally. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Hawaii earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. Cost analysts work in a variety of jobs, including: estimator project manager, cost recovery/investment recovery technician, and building estimator.

In 2008, there were a total of 873,749 jobs in Hawaii. The average annual income was $42,078 in 2008, up from $40,924 the preceding year. The unemployment rate in Hawaii was 6.8% in 2009, which has grown by 2.8% since the previous year. Roughly 26.2% of Hawaii residents have college degrees, which is higher than the national average.

The top industries in Hawaii include hotels, clothing accessories stores, and full-service restaurants. Notable tourist destinations include the Hawaii Children's Museum, the Academy of Arts Honolulu, and the Honolulu Academy of Arts.

CITIES WITH Cost Analyst OPPORTUNITIES IN Hawaii


JOB 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.

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.

Similar jobs with educational opportunities in Hawaii 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.
  • 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.

LOCATION INFORMATION: Hawaii

Hawaii
Hawaii photo by Christopher P. Becker

Hawaii has a population of 1,295,178, which has grown by 6.90% over the past decade. Nicknamed the "Aloha State," Hawaii's capital and biggest city is Honolulu. In 2008, there were a total of 873,749 jobs in Hawaii. The average annual income was $42,078 in 2008, up from $40,924 the previous year. The unemployment rate in Hawaii was 6.8% in 2009, which has grown by 2.8% since the previous year. Approximately 26.2% of Hawaii residents have college degrees, which is higher than the national average.

The top industries in Hawaii include hotels, clothing accessories stores, and full-service restaurants. Notable tourist attractions include the Iolani Palace, the Academy of Arts Honolulu, and the The Contemporary Museum.