Career and Education Opportunities for Cost Analysts in Kaneohe, Hawaii
Cost analyst career and educational opportunities abound in Kaneohe, Hawaii. About 820 people are currently employed as cost analysts in Hawaii. By 2016, this is expected to grow 18% to 970 people employed. This is not quite as good as 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 $31 per hour or $64,720 yearly on average in Hawaii 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 Hawaii and better than general Adjustment and Analysis category earnings nationally. Jobs in this field include: production cost estimator, environmental marketing specialist, and building estimator.
The Kaneohe area is home to twelve schools of higher education, including four within twenty-five miles of Kaneohe where you can get a degree 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
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 Kaneohe 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.
- 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
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.
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.
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.
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.
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: Kaneohe, Hawaii
Kaneohe is situated in Honolulu County, Hawaii. It has a population of over 35,987. The cost of living index in Kaneohe, 167, is far greater than the national average.
The three most popular industries for women in Kaneohe are educational services, health care, and public administration. For men, it is public administration, construction, and accommodation and food services. The average commute to work is about 30 minutes. More than 29.5% of Kaneohe residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.8%, is higher than the state average.
About 6.1% of Kaneohe's residents are below the poverty line, which is better than the state average.
The percentage of Kaneohe residents that are affiliated with a religious congregation, 33.3%, is less than both the national and state average. Door of Faith Church, Pali View Baptist Church and Kaneohe Congregational Church are among the churches located in Kaneohe. The largest religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.
Kaneohe is home to the Kaneohe Civic Center and the ‘Iolani Building as well as Käne‘ohe Civic Center Playground and Kaluapuhi Neighborhood Park. Shopping centers in the area include Käne‘ohe Shopping Center, Käne‘ohe Bay Shopping Center and Windward City Shopping Center.