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Career and Education Opportunities for Cost Analysts in New Orleans, Louisiana

Cost analyst career and educational opportunities abound in New Orleans, Louisiana. About 2,180 people are currently employed as cost analysts in Louisiana. By 2016, this is expected to grow 22% to 2,670 people employed. 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%. 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.

A person working as a cost analyst can expect to earn about $24 per hour or $51,000 per year on average in Louisiana and about $27 per hour or $56,510 yearly on average in the U.S. as a whole. Incomes for cost analysts are better than in the overall category of Adjustment and Analysis in Louisiana, and better than the overall Adjustment and Analysis category nationally. People working as cost analysts can fill a number of jobs, such as: estimator project manager, building construction estimator, and project manager.

There are thirty-two schools of higher education in the New Orleans area, including twelve within twenty-five miles of New Orleans 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

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 New Orleans 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

Herzing College - Kenner, LA

Herzing College, 2400 Veterans Mem Blvd., Suite 410, Kenner, LA 70062. Herzing College is a small college located in Kenner, Louisiana. It is a private for-profit school with primarily 4-year or above programs. It has 250 students and an admission rate of 57%. Herzing College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated one and eight students respectively in 2008.

Our Lady of Holy Cross College - New Orleans, LA

Our Lady of Holy Cross College, 4123 Woodland Drive, New Orleans, LA 70131-7399. Our Lady of Holy Cross College is a small college located in New Orleans, Louisiana. It is a private not-for-profit school with primarily 4-year or above programs and has 1,298 students. Our Lady of Holy Cross College has a bachelor's degree program in Business Administration and Management which graduated eight students in 2008.

University of New Orleans - New Orleans, LA

University of New Orleans, 2000 Lakeshore Drive, New Orleans, LA 70148. University of New Orleans is a large university located in New Orleans, Louisiana. It is a public school with primarily 4-year or above programs. It has 11,428 students and an admission rate of 55%. University of New Orleans has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 31 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 259 and 227 students respectively in 2008.

Nunez Community College - Chalmette, LA

Nunez Community College, 3710 Paris Rd, Chalmette, LA 70043. Nunez Community College is a small college located in Chalmette, Louisiana. It is a public school with primarily 2-year programs and has 1,470 students. Nunez Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 13 students in 2008.
  • Business Administration and Management, associate's degree which graduated 1 student in 2008.

Delgado Community College - New Orleans, LA

Delgado Community College, 615 City Park Ave, New Orleans, LA 70119. Delgado Community College is a large college located in New Orleans, Louisiana. It is a public school with primarily 2-year programs and has 14,450 students. Delgado Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 59 students in 2008.
  • Business Administration and Management, associate's degree which graduated 19 students in 2008.

University of Phoenix-Louisiana Campus - Metairie, LA

University of Phoenix-Louisiana Campus, One Galleria Blvd. Suite 725, Metairie, LA 70001-2082. University of Phoenix-Louisiana Campus is a small university located in Metairie, Louisiana. It is a private for-profit school with primarily 4-year or above programs and has 1,498 students. University of Phoenix-Louisiana Campus has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated two, 172, and 177 students respectively in 2008.

Loyola University New Orleans - New Orleans, LA

Loyola University New Orleans, 6363 Saint Charles Ave, New Orleans, LA 70118-6143. Loyola University New Orleans is a small university located in New Orleans, Louisiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,474 students and an admission rate of 61%. Loyola University New Orleans has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, master's degree which graduated 27 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 5 students in 2008.

Xavier University of Louisiana - New Orleans, LA

Xavier University of Louisiana, One Drexel Drive, New Orleans, LA 70125-1098. Xavier University of Louisiana is a small university located in New Orleans, Louisiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,236 students and an admission rate of 66%. Xavier University of Louisiana has a bachelor's degree program in Business Administration and Management which graduated six students in 2008.

Dillard University - New Orleans, LA

Dillard University, 2601 Gentilly Blvd, New Orleans, LA 70122. Dillard University is a small university located in New Orleans, Louisiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 851 students and an admission rate of 35%. Dillard University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree.
  • Business Administration and Management, bachelor's degree which graduated 7 students in 2008.

Tulane University of Louisiana - New Orleans, LA

Tulane University of Louisiana, 6823 Saint Charles Ave, New Orleans, LA 70118-5698. Tulane University of Louisiana is a large university located in New Orleans, Louisiana. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,157 students and an admission rate of 27%. Tulane University of Louisiana 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 zero, two, and one students respectively in 2008.
  • Business/Commerce, associate's degree, bachelor's degree, postbaccalaureate certificate, master's degree, and doctor's degree which graduated seven, zero, one, one, and five students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated twenty-two and twenty-eight students respectively in 2008.

Southern University at New Orleans - New Orleans, LA

Southern University at New Orleans, 6801 Press Drive, New Orleans, LA 70126. Southern University at New Orleans is a small university located in New Orleans, Louisiana. It is a public school with primarily 4-year or above programs and has 3,105 students. Southern University at New Orleans has a bachelor's degree program in Business Administration and Management which graduated thirty-one students in 2008.

Gretna Career College - Gretna, LA

Gretna Career College, 1415 Whitney Ave, Gretna, LA 70053. Gretna Career College is a small college located in Gretna, Louisiana. It is a private for-profit school with primarily 2-year programs and has 60 students. Gretna Career College has an associate's degree program in Business Administration and Management which graduated three 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: New Orleans, Louisiana

New Orleans, Louisiana
New Orleans, Louisiana photo by Krakers

New Orleans is located in Orleans Parish County, Louisiana. It has a population of over 311,853, which has shrunk by 35.7% over the last ten years. The cost of living index in New Orleans, 94, is below the national average. New single-family homes in New Orleans cost $139,700 on average, which is near the state average. In 2008, eight hundred eighty-two new homes were built in New Orleans, down from 1,026 the previous year.

The three big industries for women in New Orleans are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and educational services. The average commute to work is about 26 minutes. More than 25.8% of New Orleans residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.7%, is higher than the state average.

The unemployment rate in New Orleans is 9.8%, which is greater than Louisiana's average of 7.1%.

The percentage of New Orleans residents that are affiliated with a religious congregation, 44.1%, is less than both the national and state average. All Saints Catholic Church, Iglesia Bautista Getsemani and Mars Hill Missionary Baptist Church are among the churches located in New Orleans. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

New Orleans is home to the Keller Market and the New Orleans Country Club as well as Harris Playground and Hardin Playground. Shopping malls in the area include Carrollton Shopping Center, Read Boulevard Shopping Center and Read Plaza Shopping Center. Visitors to New Orleans can choose from Rampart Street Connection, Lafitte Guest House and HAMPTON INN & SUITES CONV CTR for temporary stays in the area.