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Career and Education Opportunities for Cost Analysts in Louisville, Kentucky

There are many career and education opportunities for cost analysts in the Louisville, Kentucky area. About 2,130 people are currently employed as cost analysts in Kentucky. By 2016, this is expected to grow by 17% to about 2,480 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. 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.

The income of a cost analyst is about $23 per hour or $48,880 yearly on average in Kentucky. In the U.S. as a whole, their income is about $27 hourly or $56,510 per year on average. Incomes for cost analysts are better than in the overall category of Adjustment and Analysis in Kentucky, and better than the overall Adjustment and Analysis category nationally. Jobs in this field include: environmental marketing specialist, estimator, and design consultant.

There are thirty schools of higher education in the Louisville area, including thirteen within twenty-five miles of Louisville 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

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 Louisville 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

Saint Catharine College - Saint Catharine, KY

Saint Catharine College, 2735 Bardstown Rd, Saint Catharine, KY 40061. Saint Catharine College is a small college located in Saint Catharine, Kentucky. It is a private not-for-profit school with primarily 4-year or above programs and has 755 students. Saint Catharine College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree and bachelor's degree which graduated two and two students respectively in 2008.
  • Business Administration and Management, associate's degree and bachelor's degree which graduated three and four students respectively in 2008.

DeVry University-Kentucky - Louisville, KY

DeVry University-Kentucky, 10172 Linn Station Rd, Louisville, KY 40223. DeVry University-Kentucky is a small university located in Louisville, Kentucky. It is a private for-profit school with primarily 4-year or above programs and has 1 student. DeVry University-Kentucky has a bachelor's degree program in Business Administration and Management.

Ivy Tech Community College-South Central - Sellersburg, IN

Ivy Tech Community College-South Central, 8204 Hwy 311, Sellersburg, IN 47172-1897. Ivy Tech Community College-South Central is a small college located in Sellersburg, Indiana. It is a public school with primarily 2-year programs and has 3,826 students. Ivy Tech Community College-South Central has a one to two year and an associate's degree program in Business Administration and Management which graduated four and forty students respectively in 2008.

University of Louisville - Louisville, KY

University of Louisville, 2301 S 3rd St, Louisville, KY 40292-0001. University of Louisville is a large university located in Louisville, Kentucky. It is a public school with primarily 4-year or above programs. It has 20,726 students and an admission rate of 70%. University of Louisville has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated seventy-one, forty, and three students respectively in 2008.
  • Business/Commerce, master's degree which graduated 103 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 5 students in 2008.

Daymar College-Louisville - Louisville, KY

Daymar College-Louisville, 4112 Fern Valley Road, Louisville, KY 40219. Daymar College-Louisville is a small college located in Louisville, Kentucky. It is a private for-profit school with primarily 2-year programs and has 521 students. Daymar College-Louisville has an associate's degree program in Business Administration and Management which graduated nine students in 2008.

University of Phoenix-Louisville Campus - Louisville, KY

University of Phoenix-Louisville Campus, 10400 Linn Station Road, Suite 120, Louisville, KY 40223-3839. University of Phoenix-Louisville Campus is a small university located in Louisville, Kentucky. It is a private for-profit school with primarily 4-year or above programs and has 77 students. University of Phoenix-Louisville Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fifteen and twenty-four students respectively in 2008.

Ottawa University-Jeffersonville - Jeffersonville, IN

Ottawa University-Jeffersonville, 287 Quarter Master Court, Jeffersonville, IN 47130. Ottawa University-Jeffersonville is a small university located in Jeffersonville, Indiana. It is a private not-for-profit school with primarily 4-year or above programs and has 108 students. Ottawa University-Jeffersonville has a bachelor's degree program in Business Administration and Management which graduated one student in 2008.

Indiana University-Southeast - New Albany, IN

Indiana University-Southeast, 4201 Grant Line Rd, New Albany, IN 47150. Indiana University-Southeast is a medium sized university located in New Albany, Indiana. It is a public school with primarily 4-year or above programs. It has 6,482 students and an admission rate of 87%. Indiana University-Southeast has associate's degree, bachelor's degree, and master's degree programs in Business/Commerce which graduated thirty-six, 130, and forty-three students respectively in 2008.

Jefferson Community and Technical College - Louisville, KY

Jefferson Community and Technical College, 109 E Broadway, Louisville, KY 40202-2005. Jefferson Community and Technical College is a large college located in Louisville, Kentucky. It is a public school with primarily 2-year programs and has 15,560 students. Jefferson Community and Technical College has less than one year, one to two year, and associate's degree programs in Business Administration and Management which graduated ninety-six, five, and eighteen students respectively in 2008.

Sullivan University - Louisville, KY

Sullivan University, 3101 Bardstown Rd, Louisville, KY 40205-3013. Sullivan University is a small university located in Louisville, Kentucky. It is a private for-profit school with primarily 4-year or above programs and has 4,708 students. Sullivan University has one to two year, associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated forty-five, eighty-five, 166, and eighty-five students respectively in 2008.

Spalding University - Louisville, KY

Spalding University, 845 S. Third Street, Louisville, KY 40203-2188. Spalding University is a small university located in Louisville, Kentucky. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,667 students and an admission rate of 43%. Spalding University has associate's degree, bachelor's degree, and master's degree programs in Business/Commerce which graduated five, thirty-one, and eleven students respectively in 2008.

Bellarmine University - Louisville, KY

Bellarmine University, 2001 Newburg Rd, Louisville, KY 40205-0671. Bellarmine University is a small university located in Louisville, Kentucky. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,001 students and an admission rate of 58%. Bellarmine University has a bachelor's degree and a master's degree program in Business/Commerce which graduated four and zero students respectively in 2008.

Brown Mackie College-Louisville - Louisville, KY

Brown Mackie College-Louisville, 3605 Fern Valley Road, Louisville, KY 40219. Brown Mackie College-Louisville is a small college located in Louisville, Kentucky. It is a private for-profit school with primarily 2-year programs and has 1,036 students. Brown Mackie College-Louisville has an associate's degree program in Business Administration and Management which graduated eight 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: Louisville, Kentucky

Louisville, Kentucky
Louisville, Kentucky photo by File Upload Bot

Louisville is located in Jefferson County, Kentucky. It has a population of over 261,624. The cost of living index in Louisville, 84, is well below the national average. New single-family homes in Louisville are priced at $74,300 on average, which is far less than the state average. In 2002, one hundred forty-six new homes were built in Louisville, down from two hundred seventy-seven the previous year.

The three most popular industries for women in Louisville are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average travel time to work is about 20 minutes. More than 21.3% of Louisville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is higher than the state average.

About 21.6% of Louisville's residents are below the poverty line, which is worse than the state average.

The percentage of Louisville residents that are affiliated with a religious congregation, 54.6%, is more than the national average but less than the state average. Audubon Church, Expressway Church and Southern Baptist Seminary are some of the churches located in Louisville. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Louisville is home to the Oak Saint Yards and the Brooklawn Childrens Home as well as Central Park and Taylor Memorial Park. Visitors to Louisville can choose from The Galt House, Seelbach Hilton and Best Western Airport East for temporary stays in the area.