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 Honolulu, Hawaii

There are many career and education opportunities for cost analysts in the Honolulu, Hawaii area. Currently, 820 people work as cost analysts in Hawaii. This is expected to grow 18% to 970 people by 2016. 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.

A person working as a cost analyst can expect to earn about $31 hourly or $64,720 per year on average in Hawaii and about $27 hourly 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 Hawaii and more than people in the Adjustment and Analysis category nationally. People working as cost analysts can fill a number of jobs, such as: crating and moving estimator, production cost estimator, and project manager.

There are eight schools within twenty-five miles of Honolulu where you can study to be a cost analyst, among twenty-four schools of higher education total in the Honolulu area. 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 Honolulu 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

University of Hawaii at Manoa - Honolulu, HI

University of Hawaii at Manoa, 2500 Campus Road, Hawaii Hall, Honolulu, HI 96822-2301. University of Hawaii at Manoa is a large university located in Honolulu, Hawaii. It is a public school with primarily 4-year or above programs. It has 20,169 students and an admission rate of 69%. University of Hawaii at Manoa 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-five, nine, and two students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated ninety-two and 146 students respectively in 2008.

University of Phoenix-Hawaii Campus - Honolulu, HI

University of Phoenix-Hawaii Campus, 827 Fort Street, Honolulu, HI 96813-4317. University of Phoenix-Hawaii Campus is a small university located in Honolulu, Hawaii. It is a private for-profit school with primarily 4-year or above programs and has 745 students. University of Phoenix-Hawaii Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fifty-five and thirty students respectively in 2008.

Hawaii Pacific University - Honolulu, HI

Hawaii Pacific University, 1164 Bishop St., Suite 216, Honolulu, HI 96813. Hawaii Pacific University is a medium sized university located in Honolulu, Hawaii. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,293 students and an admission rate of 87%. Hawaii Pacific University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree which graduated thirty-one and seventy-three students respectively in 2008.
  • Business Administration and Management, associate's degree, bachelor's degree, and master's degree which graduated fifty, four, and twenty-three students respectively in 2008.

Chaminade University of Honolulu - Honolulu, HI

Chaminade University of Honolulu, 3140 Waialae Avenue, Honolulu, HI 96816-1578. Chaminade University of Honolulu is a small university located in Honolulu, Hawaii. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,605 students and an admission rate of 93%. Chaminade University of Honolulu has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated six, twenty-two, and twenty-three students respectively in 2008.

Leeward Community College - Pearl City, HI

Leeward Community College, 96-045 Ala Ike, Pearl City, HI 96782-3393. Leeward Community College is a medium sized college located in Pearl City, Hawaii. It is a public school with primarily 2-year programs and has 6,771 students. Leeward Community College has an associate's degree program in Business Administration and Management which graduated one student in 2008.

Argosy University-Hawaii - Honolulu, HI

Argosy University-Hawaii, 400 ASB Tower, 1001 Bishop Street, Honolulu, HI 96813. Argosy University-Hawaii is a small university located in Honolulu, Hawaii. It is a private for-profit school with primarily 4-year or above programs. It has 457 students and an admission rate of 77%. Argosy University-Hawaii has a bachelor's degree and a master's degree program in Business/Commerce which graduated four and one students respectively in 2008.

University of Hawaii-West Oahu - Pearl City, HI

University of Hawaii-West Oahu, 96-129 Ala Ike, Pearl City, HI 96782-3699. University of Hawaii-West Oahu is a small university located in Pearl City, Hawaii. It is a public school with primarily 4-year or above programs. It has 1,140 students and an admission rate of 70%. University of Hawaii-West Oahu has a bachelor's degree program in Business Administration and Management which graduated fifty-nine students in 2008.

Brigham Young University-Hawaii - Laie, HI

Brigham Young University-Hawaii, 55-220 Kulanui Street, Laie, HI 96762-1294. Brigham Young University-Hawaii is a small university located in Laie, Hawaii. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,424 students and an admission rate of 39%. Brigham Young University-Hawaii has a bachelor's degree program in Business Administration and Management.

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: Honolulu, Hawaii

Honolulu, Hawaii
Honolulu, Hawaii photo by ErgoSum88

Honolulu is located in Honolulu County, Hawaii. It has a population of over 374,676, which has grown by 0.8% over the last ten years. The cost of living index in Honolulu, 180, is far greater than the national average.

The three most popular industries for women in Honolulu are accommodation and food services, educational services, and health care. For men, it is accommodation and food services, public administration, and educational services. The average commute to work is about 23 minutes. More than 31.1% of Honolulu residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.7%, is higher than the state average.

The percentage of Honolulu residents that are affiliated with a religious congregation, 33.3%, is less than both the national and state average. Waiokeola Congregational Church, Daijingu Temple of Hawaii and Wesley Methodist Student Center are among the churches located in Honolulu. The most prominent religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.

Honolulu is home to the Livingston Pool and the Mamala Bay Golf Course as well as Spalding Memorial Tennis Courts and Kuhio Park. Shopping malls in the area include Aina Haina Shopping Center, Ala Moana Shopping Center and Aloha Tower Marketplace Shopping Center. Visitors to Honolulu can choose from Kosuga Inc, Hawaiian Condo Resorts Inc and Honolulu Airport Hotel for temporary stays in the area.