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Career and Education Opportunities for Cost Analysts in Kansas City, Missouri

For those living in the Kansas City, Missouri area, there are many career and education opportunities for cost analysts. There are currently 5,180 working cost analysts in Missouri; this should grow by 15% to about 5,980 working cost analysts in the state 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.

A person working as a cost analyst can expect to earn about $26 hourly or $54,190 per year on average in Missouri and about $27 hourly or $56,510 yearly on average in the U.S. as a whole. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Missouri and more than people in the Adjustment and Analysis category nationally. Cost analysts work in a variety of jobs, including: construction job cost estimator, quantity surveyor, and job estimator.

The Kansas City area is home to seventy-one schools of higher education, including twenty-seven within twenty-five miles of Kansas City where you can get a degree as a cost analyst. Given that the most common education level for cost analysts is a Bachelor's degree, you can expect to spend about four years training to become 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 Kansas City 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.
  • License Examiner. Examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.
  • 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

MidAmerica Nazarene University - Olathe, KS

MidAmerica Nazarene University, 2030 E College Way, Olathe, KS 66062-1899. MidAmerica Nazarene University is a small university located in Olathe, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,762 students and an admission rate of 73%. MidAmerica Nazarene University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated eight, zero, and sixty-three students respectively in 2008.

Haskell Indian Nations University - Lawrence, KS

Haskell Indian Nations University, 155 Indian Ave, Lawrence, KS 66046-4800. Haskell Indian Nations University is a small university located in Lawrence, Kansas. It is a public school with primarily 4-year or above programs. It has 997 students and an admission rate of 50%. Haskell Indian Nations University has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated twenty and thirty students respectively in 2008.

DeVry University-Missouri - Kansas City, MO

DeVry University-Missouri, 11224 Holmes Road, Kansas City, MO 64131-3626. DeVry University-Missouri is a small university located in Kansas City, Missouri. It is a private for-profit school with primarily 4-year or above programs. It has 1,392 students and an admission rate of 96%. DeVry University-Missouri has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fifty and forty-seven students respectively in 2008.

Brown Mackie College-Kansas City - Lenexa, KS

Brown Mackie College-Kansas City, 9705 Lenexa Dr., Lenexa, KS 66215. Brown Mackie College-Kansas City is a small college located in Lenexa, Kansas. It is a private for-profit school with primarily 2-year programs and has 462 students. Brown Mackie College-Kansas City has a one to two year and an associate's degree program in Business Administration and Management which graduated zero and six students respectively in 2008.

National American University-Independence - Independence, MO

National American University-Independence, 3620 Arrowhead Avenue, Independence, MO 64057. National American University-Independence is a small university located in Independence, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 415 students. National American University-Independence has one to two year, associate's degree, and bachelor's degree programs in Business Administration and Management which graduated zero, five, and three students respectively in 2008.

Kansas City Kansas Community College - Kansas City, KS

Kansas City Kansas Community College, 7250 State Ave, Kansas City, KS 66112. Kansas City Kansas Community College is a medium sized college located in Kansas City, Kansas. It is a public school with primarily 2-year programs and has 5,800 students. Kansas City Kansas Community College has an associate's degree program in Business Administration and Management which graduated twenty-three students in 2008.

University of Phoenix-Kansas City Campus - Kansas City, MO

University of Phoenix-Kansas City Campus, 901 E. 104th Street Suite 200, Kansas City, MO 64131-4517. University of Phoenix-Kansas City Campus is a small university located in Kansas City, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 604 students. University of Phoenix-Kansas City Campus has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, 102, and sixty-nine students respectively in 2008.

Park University - Parkville, MO

Park University, 8700 NW River Park Dr, Parkville, MO 64152-3795. Park University is a large university located in Parkville, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,457 students and an admission rate of 78%. Park University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, thirty-three, and ninety-two students respectively in 2008.

University of Saint Mary - Leavenworth, KS

University of Saint Mary, 4100 S 4th St Trafficway, Leavenworth, KS 66048-5082. University of Saint Mary is a small university located in Leavenworth, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 955 students and an admission rate of 69%. University of Saint Mary has a bachelor's degree and a master's degree program in Business Administration and Management which graduated two and twenty-seven students respectively in 2008.

University of Kansas - Lawrence, KS

University of Kansas, , Lawrence, KS 66045. University of Kansas is a large university located in Lawrence, Kansas. It is a public school with primarily 4-year or above programs. It has 29,365 students and an admission rate of 92%. University of Kansas 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 fifty-five, seven, and four students respectively in 2008.
  • Business/Commerce, bachelor's degree, master's degree, and doctor's degree which graduated thirty-five, four, and five students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated five and 145 students respectively in 2008.

Ottawa University-Online - Ottawa, KS

Ottawa University-Online, 1001 South Cedar, Ottawa, KS 66067. Ottawa University-Online is a small university located in Ottawa, Kansas. It is a private not-for-profit school with primarily 4-year or above programs and has 73 students. Ottawa University-Online has a bachelor's degree and a master's degree program in Business Administration and Management.

Ottawa University-Kansas City - Overland Park, KS

Ottawa University-Kansas City, 4370 W. 109th Street Suite 200, Overland Park, KS 66211. Ottawa University-Kansas City is a small university located in Overland Park, Kansas. It is a private not-for-profit school with primarily 4-year or above programs and has 817 students. Ottawa University-Kansas City has a bachelor's degree and a master's degree program in Business Administration and Management which graduated two and twenty-seven students respectively in 2008.

Baker University - Baldwin City, KS

Baker University, 618 Eighth Street, Baldwin City, KS 66006-0065. Baker University is a small university located in Baldwin City, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,112 students and an admission rate of 50%. Baker University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree.
  • Business Administration and Management, associate's degree, bachelor's degree, and master's degree which graduated ninety, 173, and 344 students respectively in 2008.

National American University-Zona Rosa - Kansas City, MO

National American University-Zona Rosa, 7490 NW 87th Street, Kansas City, MO 64153. National American University-Zona Rosa is a small university located in Kansas City, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 311 students. National American University-Zona Rosa has an associate's degree and a bachelor's degree program in Business Administration and Management.

Johnson County Community College - Overland Park, KS

Johnson County Community College, 12345 College Blvd, Overland Park, KS 66210-1299. Johnson County Community College is a large college located in Overland Park, Kansas. It is a public school with primarily 2-year programs and has 19,062 students. Johnson County Community College has an associate's degree program in Business Administration and Management which graduated twenty-one students in 2008.

Metropolitan Community College-Longview - Lees Summit, MO

Metropolitan Community College-Longview, 500 Longview Rd, Lees Summit, MO 64081-2105. Metropolitan Community College-Longview is a medium sized college located in Lees Summit, Missouri. It is a public school with primarily 2-year programs and has 5,848 students. Metropolitan Community College-Longview has an associate's degree program in Business Administration and Management which graduated twenty-eight students in 2008.

Benedictine College - Atchison, KS

Benedictine College, 1020 N 2nd St, Atchison, KS 66002-1499. Benedictine College is a small college located in Atchison, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,988 students and an admission rate of 20%. Benedictine College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated three and thirty-five students respectively in 2008.

National American University-Overland Park - Overland Park, KS

National American University-Overland Park, 10310 Mastin, Overland Park, KS 66212-5451. National American University-Overland Park is a small university located in Overland Park, Kansas. It is a private for-profit school with primarily 4-year or above programs and has 304 students. National American University-Overland Park has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated three and eleven students respectively in 2008.

Metropolitan Community College-Penn Valley - Kansas City, MO

Metropolitan Community College-Penn Valley, 3201 SW Trafficway, Kansas City, MO 64111-2429. Metropolitan Community College-Penn Valley is a small college located in Kansas City, Missouri. It is a public school with primarily 2-year programs and has 4,340 students. Metropolitan Community College-Penn Valley has an associate's degree program in Business Administration and Management which graduated five students in 2008.

University of Missouri-Kansas City - Kansas City, MO

University of Missouri-Kansas City, 5100 Rockhill Rd, Kansas City, MO 64110. University of Missouri-Kansas City is a large university located in Kansas City, Missouri. It is a public school with primarily 4-year or above programs. It has 14,481 students and an admission rate of 73%. University of Missouri-Kansas City has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree which graduated twenty-three and nine students respectively in 2008.
  • Business/Commerce, bachelor's degree and master's degree which graduated 142 and 149 students respectively in 2008.

Rockhurst University - Kansas City, MO

Rockhurst University, 1100 Rockhurst Rd, Kansas City, MO 64110-2561. Rockhurst University is a small university located in Kansas City, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,086 students and an admission rate of 76%. Rockhurst University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated ninety-seven and 174 students respectively in 2008.

Metropolitan Community College-Maple Woods - Kansas City, MO

Metropolitan Community College-Maple Woods, 2601 NE Barry Rd, Kansas City, MO 64156. Metropolitan Community College-Maple Woods is a small college located in Kansas City, Missouri. It is a public school with primarily 2-year programs and has 4,549 students. Metropolitan Community College-Maple Woods has an associate's degree program in Business Administration and Management which graduated eighteen students in 2008.

Ottawa University - Ottawa, KS

Ottawa University, 1001 South Cedar, Ottawa, KS 66067-3399. Ottawa University is a small university located in Ottawa, Kansas. It is a private not-for-profit school with primarily 4-year or above programs. It has 553 students and an admission rate of 72%. Ottawa University has a bachelor's degree program in Business Administration and Management which graduated two students in 2008.

Colorado Technical University - North Kansas City, MO

Colorado Technical University, 520 E 19th Ave, North Kansas City, MO 64116. Colorado Technical University is a small university located in North Kansas City, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 850 students. Colorado Technical University has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated six and six students respectively in 2008.

Metropolitan Community College-Blue River - Independence, MO

Metropolitan Community College-Blue River, 20301 E 78 Hwy, Independence, MO 64057. Metropolitan Community College-Blue River is a small college located in Independence, Missouri. It is a public school with primarily 2-year programs and has 3,060 students. Metropolitan Community College-Blue River has a one to two year and an associate's degree program in Business Administration and Management which graduated one and seventeen students respectively in 2008.

William Jewell College - Liberty, MO

William Jewell College, 500 College Hill, Liberty, MO 64068-1896. William Jewell College is a small college located in Liberty, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,210 students and an admission rate of 63%. William Jewell College has a bachelor's degree program in Business Administration and Management which graduated six students in 2008.

Avila University - Kansas City, MO

Avila University, 11901 Wornall Rd, Kansas City, MO 64145-1698. Avila University is a small university located in Kansas City, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,939 students and an admission rate of 50%. Avila University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree.
  • Business Administration and Management, postbaccalaureate certificate and master's degree.

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: Kansas City, Missouri

Kansas City, Missouri
Kansas City, Missouri photo by Dillard421

Kansas City is situated in Jackson County, Missouri. It has a population of over 451,572, which has grown by 2.3% in the past ten years. The cost of living index in Kansas City, 78, is well below the national average.

The top three industries for women in Kansas City are health care, educational services, and finance and insurance. For men, it is construction, professional, scientific, and technical services, and public administration. The average travel time to work is about 22 minutes. More than 25.7% of Kansas City residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is lower than the state average.

The unemployment rate in Kansas City is 11.3%, which is greater than Missouri's average of 8.9%.

The percentage of Kansas City residents that are affiliated with a religious congregation, 51.2%, is more than the national average but less than the state average. Glenwood Church, Antioch Church and Assumption of the Blessed Virgin Mary are among the churches located in Kansas City. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Kansas City is home to the Ozanam Boys Home and the Watts Mill Center as well as Central Park and West Terrace Park. Shopping malls in the area include Antioch Shopping Center, Wornall Village Shopping Center and Winwood Shopping Center. Visitors to Kansas City can choose from Budget Host Inn, Days Inn and Embassy Suites Hotel Kansas City Internatinl Arprt for temporary stays in the area.