Career and Education Opportunities for Cost Analysts in Boise, Idaho
Cost analysts can find many career and educational opportunities in the Boise, Idaho area. There are currently 960 working cost analysts in Idaho; this should grow 38% to about 1,330 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.
Income for cost analysts is about $22 per hour or $46,180 per year on average in Idaho. Nationally, their income is about $27 hourly or $56,510 per year. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Idaho earn less. They earn more than people working in the overall category of Adjustment and Analysis nationally. Jobs in this field include: sales engineer, job estimator, and production cost estimator.
There are eleven schools of higher education in the Boise area, including five within twenty-five miles of Boise 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, 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
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 Boise 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
ITT Technical Institute-Boise - Boise, ID
ITT Technical Institute-Boise, 12302 W. Explorer Dr, Boise, ID 83713-1529. ITT Technical Institute-Boise is a small school located in Boise, Idaho. It is a private for-profit school with primarily 4-year or above programs. It has 608 students and an admission rate of 49%. ITT Technical Institute-Boise has a bachelor's degree program in Business Administration and Management which graduated three students in 2008.
University of Phoenix-Idaho Campus - Meridian, ID
University of Phoenix-Idaho Campus, 3080 East Gentry Way, Suite 150, Meridian, ID 83642-3014. University of Phoenix-Idaho Campus is a small university located in Meridian, Idaho. It is a private for-profit school with primarily 4-year or above programs and has 403 students. University of Phoenix-Idaho Campus has less than one year, bachelor's degree, and master's degree programs in Business Administration and Management which graduated ten, fifty-three, and forty-one students respectively in 2008.
Boise State University - Boise, ID
Boise State University, 1910 University Dr, Boise, ID 83725. Boise State University is a large university located in Boise, Idaho. It is a public school with primarily 4-year or above programs. It has 19,667 students and an admission rate of 81%. Boise State University has 3 areas of study related to Cost Analyst. They are:
- Mechanical Engineering, bachelor's degree and master's degree which graduated twenty-seven and four students respectively in 2008.
- Business/Commerce, bachelor's degree which graduated 1 student in 2008.
- Business Administration and Management, master's degree which graduated 60 students in 2008.
Northwest Nazarene University - Nampa, ID
Northwest Nazarene University, 623 Holly St, Nampa, ID 83686-5897. Northwest Nazarene University is a small university located in Nampa, Idaho. It is a private not-for-profit school with primarily 4-year or above programs and has 1,944 students. Northwest Nazarene University has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, bachelor's degree.
- Business Administration and Management, bachelor's degree and master's degree which graduated one and forty-one students respectively in 2008.
The College of Idaho - Caldwell, ID
The College of Idaho, 2112 Cleveland Blvd, Caldwell, ID 83605-4432. The College of Idaho is a small college located in Caldwell, Idaho. It is a private not-for-profit school with primarily 4-year or above programs. It has 944 students and an admission rate of 57%. The College of Idaho has a bachelor's degree program in Business Administration and Management which graduated four students in 2008.
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: Boise, Idaho
Boise is situated in Ada County, Idaho. It has a population of over 205,314, which has grown by 10.5% over the last ten years. The cost of living index in Boise, 90, is well below the national average. New single-family homes in Boise are priced at $245,800 on average, which is far greater than the state average. In 2008, one hundred eighty-three new homes were built in Boise, down from four hundred twenty-six the previous year.
The three most popular industries for women in Boise are health care, educational services, and accommodation and food services. For men, it is computer and electronic products, construction, and accommodation and food services. The average travel time to work is about 18 minutes. More than 33.6% of Boise residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.6%, is higher than the state average.
The unemployment rate in Boise is 9.2%, which is greater than Idaho's average of 8.3%.
The percentage of Boise residents that are affiliated with a religious congregation, 44.5%, is less than both the national and state average. The most common religious groups are the LDS (Mormon) Church, the Catholic Church and the United Methodist Church.