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Career and Education Opportunities for Cost Analysts in Louisiana

Louisiana has a population of 4,492,076, which has grown by 0.52% in the last 10 years. Nicknamed the "Pelican State," its capital is Baton Rouge, though its most populous city is New Orleans.

There are currently 2,180 jobs for cost analysts in Louisiana and this is projected to grow 22% to about 2,670 jobs 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. 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.

Cost analysts earn about $24 hourly or $51,000 annually on average in Louisiana and about $27 hourly or $56,510 per year on average nationally. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Louisiana and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: environmental marketing specialist, estimator, and quantity surveyor.

In 2008, there were a total of 2,576,960 jobs in Louisiana. The average annual income was $36,091 in 2008, up from $35,340 in 2007. The unemployment rate in Louisiana was 6.8% in 2009, which has grown by 2.3% since the previous year. Roughly 18.7% of Louisiana residents have college degrees, which is lower than the national average.

The top industries in Louisiana include petroleum products manufacturing, petroleum refineries, and basic chemical manufacturing. Notable tourist destinations include the Reverend Zombies House of Voodoo, the Historic New Orleans Collection, and the Longue Vue House & Gardens.

CITIES WITH Cost Analyst OPPORTUNITIES IN Louisiana


JOB 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.

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.

Similar jobs with educational opportunities in Louisiana 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.

LOCATION INFORMATION: Louisiana

Louisiana
Louisiana photo by Lane Lefort

Louisiana has a population of 4,492,076, which has grown by 0.52% over the past 10 years. Nicknamed the "Pelican State," its capital is Baton Rouge, though its largest city is New Orleans. In 2008, there were a total of 2,576,960 jobs in Louisiana. The average annual income was $36,091 in 2008, up from $35,340 in 2007. The unemployment rate in Louisiana was 6.8% in 2009, which has grown by 2.3% since the previous year. Roughly 18.7% of Louisiana residents have college degrees, which is lower than the national average.

The top industries in Louisiana include petroleum products manufacturing, petroleum refineries, and basic chemical manufacturing. Notable tourist attractions include the Longue Vue House & Gardens, the Reverend Zombies House of Voodoo, and the Louisiana Children's Museum.