Career and Education Opportunities for Cost Analysts in Baton Rouge, Louisiana
Cost analysts can find many career and educational opportunities in the Baton Rouge, Louisiana area. Currently, 2,180 people work as cost analysts in Louisiana. This is expected to grow 22% to about 2,670 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.
Cost analysts earn approximately $24 per hour or $51,000 yearly on average in Louisiana. Nationally they average about $27 hourly or $56,510 annually. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Louisiana and more than people in the Adjustment and Analysis category nationally. Jobs in this field include: cost estimator, job cost estimator, and building estimator.
There are thirty-six schools of higher education in the Baton Rouge area, including four within twenty-five miles of Baton Rouge where you can get a degree to start your career as a cost analyst. The most common level of education 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 Baton Rouge 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
Remington College-Baton Rouge - Baton Rouge, LA
Remington College-Baton Rouge, 10551 Coursey Boulevard, Baton Rouge, LA 70816. Remington College-Baton Rouge is a small college located in Baton Rouge, Louisiana. It is a private for-profit school with primarily 2-year programs. It has 385 students and an admission rate of 63%. Remington College-Baton Rouge has an associate's degree program in Business Administration and Management which graduated twenty-one students in 2008.
Louisiana State University and Agricultural & Mechanical College - Baton Rouge, LA
Louisiana State University and Agricultural & Mechanical College, , Baton Rouge, LA 70803-2750. Louisiana State University and Agricultural & Mechanical College is a large university located in Baton Rouge, Louisiana. It is a public school with primarily 4-year or above programs. It has 28,810 students and an admission rate of 73%. Louisiana State University and Agricultural & Mechanical College 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 seventy-eight, eleven, and seven students respectively in 2008.
- Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated 162, 133, and one students respectively in 2008.
Southern University and A & M College - Baton Rouge, LA
Southern University and A & M College, Southern Branch Post Office, Baton Rouge, LA 70813. Southern University and A & M College is a medium sized university located in Baton Rouge, Louisiana. It is a public school with primarily 4-year or above programs. It has 7,699 students and an admission rate of 55%. Southern University and A & M College has 2 areas of study related to Cost Analyst. They are:
- Mechanical Engineering, bachelor's degree which graduated 18 students in 2008.
- Business Administration and Management, bachelor's degree and master's degree which graduated sixty-five and sixteen students respectively in 2008.
Baton Rouge Community College - Baton Rouge, LA
Baton Rouge Community College, 201 Community College Drive, Baton Rouge, LA 70806. Baton Rouge Community College is a medium sized college located in Baton Rouge, Louisiana. It is a public school with primarily 2-year programs and has 7,607 students. Baton Rouge Community College has a one to two year and an associate's degree program in Business/Commerce which graduated eleven and forty-seven students respectively 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: Baton Rouge, Louisiana
Baton Rouge is situated in East Baton Rouge Parish County, Louisiana. It has a population of over 223,689, which has shrunk by 1.8% in the past ten years. The cost of living index in Baton Rouge, 86, is well below the national average. New single-family homes in Baton Rouge are priced at $189,100 on average, which is well above the state average. In 2008, one hundred thirty-five new homes were built in Baton Rouge, down from two hundred fifty-seven the previous year.
The top three industries for women in Baton Rouge are educational services, health care, and public administration. For men, it is educational services, construction, and professional, scientific, and technical services. The average travel time to work is about 21 minutes. More than 31.7% of Baton Rouge residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.8%, is higher than the state average.
The unemployment rate in Baton Rouge is 7.1%, which is the same as Louisiana's average of 7.1%.
The percentage of Baton Rouge residents that are affiliated with a religious congregation, 52.7%, is more than the national average but less than the state average. Allen Chapel African Methodist Episcopal Church, Hughes United Methodist Church and Straight Life Baptist Church are all churches located in Baton Rouge. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.
Baton Rouge is home to the Baton Rouge Industrial Park and the Baton Rouge Country Club as well as Howell Park and Independence Park. Shopping centers in the area include Carriage Alley Shopping Center, Sherwood Plaza Shopping Center and Foret and McCall Shopping Center. Visitors to Baton Rouge can choose from Pines Motel, Motel 6 and Shoneys Inn & Suites Baton Rouge for temporary stays in the area.