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Career and Education Opportunities for Cost Analysts in Fort Wayne, Indiana

If you want to be a cost analyst, the Fort Wayne, Indiana area offers many opportunities both for education and employment. There are currently 5,010 working cost analysts in Indiana; this should grow by 15% to about 5,770 working cost analysts in the state by 2016. 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%. 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.

A person working as a cost analyst can expect to earn about $25 hourly or $53,810 yearly on average in Indiana and about $27 hourly or $56,510 per year on average in the U.S. as a whole. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Indiana and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: job estimator, job cost estimator, and project manager.

There are sixteen schools of higher education in the Fort Wayne area, including eleven within twenty-five miles of Fort Wayne 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, you can expect to spend about four years studying 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 Fort Wayne 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

Taylor University Fort Wayne - Fort Wayne, IN

Taylor University Fort Wayne, 1025 W Rudisill Blvd, Fort Wayne, IN 46807-2197. Taylor University Fort Wayne is a small university located in Fort Wayne, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 999 students and an admission rate of 69%. Taylor University Fort Wayne has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated zero and five students respectively in 2008.

International Business College - Fort Wayne, IN

International Business College, 5699 Coventry Lane, Fort Wayne, IN 46804-7145. International Business College is a small college located in Fort Wayne, Indiana. It is a private for-profit school with primarily 4-year or above programs and has 620 students. International Business College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 79 students in 2008.
  • Business Administration and Management, associate's degree which graduated 4 students in 2008.

Brown Mackie College-Fort Wayne - Fort Wayne, IN

Brown Mackie College-Fort Wayne, 3000 E.Coliseum Blvd., Fort Wayne, IN 46805. Brown Mackie College-Fort Wayne is a small college located in Fort Wayne, Indiana. It is a private for-profit school with primarily 4-year or above programs and has 1,330 students. Brown Mackie College-Fort Wayne has a less than one year and an associate's degree program in Business/Commerce which graduated one and sixteen students respectively in 2008.

ITT Technical Institute-Fort Wayne - Fort Wayne, IN

ITT Technical Institute-Fort Wayne, 2810 Dupont Commerce Court, Fort Wayne, IN 46825. ITT Technical Institute-Fort Wayne is a small school located in Fort Wayne, Indiana. It is a private for-profit school with primarily 4-year or above programs. It has 695 students and an admission rate of 41%. ITT Technical Institute-Fort Wayne has a bachelor's degree program in Business Administration and Management.

University of Saint Francis-Ft Wayne - Fort Wayne, IN

University of Saint Francis-Ft Wayne, 2701 Spring St, Fort Wayne, IN 46808-3994. University of Saint Francis-Ft Wayne is a small university located in Fort Wayne, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,112 students and an admission rate of 47%. University of Saint Francis-Ft Wayne has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated two, twenty-six, and seventeen students respectively in 2008.

Indiana University-Purdue University-Fort Wayne - Fort Wayne, IN

Indiana University-Purdue University-Fort Wayne, 2101 E Coliseum Blvd, Fort Wayne, IN 46805-1499. Indiana University-Purdue University-Fort Wayne is a large university located in Fort Wayne, Indiana. It is a public school with primarily 4-year or above programs. It has 12,338 students and an admission rate of 96%. Indiana University-Purdue University-Fort Wayne has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 16 students in 2008.
  • Business/Commerce, less than one year, associate's degree, bachelor's degree, and master's degree which graduated ten, thirty-nine, nineteen, and fifty-four students respectively in 2008.

Indiana Business College-Ft Wayne - Fort Wayne, IN

Indiana Business College-Ft Wayne, 6413 N Clinton St, Fort Wayne, IN 46825-4911. Indiana Business College-Ft Wayne is a small college located in Fort Wayne, Indiana. It is a private for-profit school with primarily 4-year or above programs. It has 570 students and an admission rate of 100%. Indiana Business College-Ft Wayne has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated eighteen and zero students respectively in 2008.

Ivy Tech Community College-Northeast - Fort Wayne, IN

Ivy Tech Community College-Northeast, 3800 N Anthony Blvd, Fort Wayne, IN 46805-1489. Ivy Tech Community College-Northeast is a medium sized college located in Fort Wayne, Indiana. It is a public school with primarily 2-year programs and has 7,458 students. Ivy Tech Community College-Northeast has a one to two year and an associate's degree program in Business Administration and Management which graduated fifty-six and seventy-nine students respectively in 2008.

Indiana Institute of Technology - Fort Wayne, IN

Indiana Institute of Technology, 1600 E Washington Blvd, Fort Wayne, IN 46803-1228. Indiana Institute of Technology is a small school located in Fort Wayne, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,462 students and an admission rate of 74%. Indiana Institute of Technology has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 9 students in 2008.
  • Business/Commerce, master's degree which graduated 97 students in 2008.
  • Business Administration and Management, associate's degree and bachelor's degree which graduated ninety-seven and 248 students respectively in 2008.

Huntington University - Huntington, IN

Huntington University, 2303 College Ave, Huntington, IN 46750. Huntington University is a small university located in Huntington, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,211 students and an admission rate of 88%. Huntington University has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated ten and zero students respectively in 2008.

Trine University-Fort Wayne Regional Campus - Fort Wayne, IN

Trine University-Fort Wayne Regional Campus, 9910 Dupont Circle Drive East, Fort Wayne, IN 46825. Trine University-Fort Wayne Regional Campus is a small university located in Fort Wayne, Indiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 200 students and an admission rate of 100%. Trine University-Fort Wayne Regional Campus has a bachelor's degree program in Business Administration and Management which graduated fourteen students 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: Fort Wayne, Indiana

Fort Wayne, Indiana
Fort Wayne, Indiana photo by FTSKfan

Fort Wayne is located in Allen County, Indiana. It has a population of over 215,661. The cost of living index in Fort Wayne, 77, is well below the national average. New single-family homes in Fort Wayne are valued at $141,700 on average, which is below the state average. In 2008, one hundred thirty-eight new homes were constructed in Fort Wayne, down from one hundred seventy-three the previous year.

The top three industries for women in Fort Wayne are health care, educational services, and finance and insurance. For men, it is construction, transportation equipment, and metal and metal products. The average travel time to work is about 20 minutes. More than 19.4% of Fort Wayne residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 6.5%, is lower than the state average.

The unemployment rate in Fort Wayne is 10.5%, which is greater than Indiana's average of 9.4%.

The percentage of Fort Wayne residents that are affiliated with a religious congregation, 50.2%, is less than the national average but more than the state average. Memorial Church, Bethany Church and Souls Harbor Church are some of the churches located in Fort Wayne. The most prominent religious groups are the Catholic Church, the Lutheran Church and the United Methodist Church.

Fort Wayne is home to the Orchard Ridge Country Club and the Georgetown Square as well as Swinney Park and Rockhill Park. Shopping centers in the area include The Uncommons Shopping Center, Decatur Road Shopping Center and Ayr-Way West Shopping Center. Visitors to Fort Wayne can choose from Days Inn Airport Plaza, Purofirst of Allen County and Hometown Inn for temporary stays in the area.