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Career and Education Opportunities for Cost Analysts in Mississippi

Mississippi has a population of 2,951,996, which has grown by 3.77% over the past 10 years. Nicknamed the "Magnolia State," Mississippi's capital and biggest city is Jackson.

There are currently 1,160 jobs for cost analysts in Mississippi and this is projected to grow 28% to about 1,490 jobs by 2016. This is better than 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 about $23 hourly or $47,890 annually on average in Mississippi and about $27 hourly or $56,510 per year on average nationally. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Mississippi earn less. They earn more than people working in the overall category of Adjustment and Analysis nationally. Cost analysts work in a variety of jobs, including: construction estimator, quantity surveyor, and estimator.

In 2008, there were a total of 1,558,262 jobs in Mississippi. The average annual income was $30,383 in 2008, up from $29,542 in 2007. The unemployment rate in Mississippi was 9.6% in 2009, which has grown by 2.8% since the previous year. Approximately 16.9% of Mississippi residents have college degrees, which is lower than the national average.

The top industries in Mississippi include furniture product manufacturing, household furniture cabinet manufacturing, and household furniture manufacturing. Notable tourist destinations include the Audubon Society Jackson Chapter, the Medgar Evers Museum, and the Glory of Baroque Dresden Exhibition.

CITIES WITH Cost Analyst OPPORTUNITIES IN Mississippi


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 Mississippi 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: Mississippi

Mississippi
Mississippi photo by Nathan Culpepper

Mississippi has a population of 2,951,996, which has grown by 3.77% over the past decade. Nicknamed the "Magnolia State," Mississippi's capital and biggest city is Jackson. In 2008, there were a total of 1,558,262 jobs in Mississippi. The average annual income was $30,383 in 2008, up from $29,542 the previous year. The unemployment rate in Mississippi was 9.6% in 2009, which has grown by 2.8% since the previous year. About 16.9% of Mississippi residents have college degrees, which is lower than the national average.

The top industries in Mississippi include furniture product manufacturing, household furniture cabinet manufacturing, and household furniture manufacturing. Notable tourist destinations include the Audubon Society Jackson Chapter, the Manship House Museum, and the Glory of Baroque Dresden Exhibition.