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Career and Education Opportunities for Cost Analysts in St. Louis, Missouri

For those living in the St. Louis, 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 15% to 5,980 working cost analysts in the state by 2016. 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.

Cost analysts earn about $26 hourly or $54,190 per year on average in Missouri and about $27 per hour or $56,510 yearly on average nationally. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Missouri earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. Cost analysts work in a variety of jobs, including: job estimator, estimator, and environmental marketing specialist.

There are twenty-eight schools within twenty-five miles of St. Louis where you can study to be a cost analyst, among seventy-one schools of higher education total in the St. Louis area. Given that the most common education level 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 St. Louis 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

Sanford-Brown College - Fenton, MO

Sanford-Brown College, 1345 Smizer Mill Road, Fenton, MO 63026-3400. Sanford-Brown College is a small college located in Fenton, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 885 students. Sanford-Brown College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated thirty-one and nineteen students respectively in 2008.

Fontbonne University - Saint Louis, MO

Fontbonne University, 6800 Wydown Blvd, Saint Louis, MO 63105-3098. Fontbonne University is a small university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,967 students and an admission rate of 82%. Fontbonne University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated zero and 133 students respectively in 2008.

Maryville University of Saint Louis - Saint Louis, MO

Maryville University of Saint Louis, 650 Maryville University Drive, Saint Louis, MO 63141-7299. Maryville University of Saint Louis is a small university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,522 students and an admission rate of 54%. Maryville University of Saint Louis has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree which graduated four and seventy students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated one and zero students respectively in 2008.

Jefferson College - Hillsboro, MO

Jefferson College, 1000 Viking Dr, Hillsboro, MO 63050-2440. Jefferson College is a medium sized college located in Hillsboro, Missouri. It is a public school with primarily 2-year programs and has 4,983 students. Jefferson College has a one to two year and an associate's degree program in Business/Commerce which graduated zero and twenty-six students respectively in 2008.

Harris-Stowe State University - Saint Louis, MO

Harris-Stowe State University, 3026 Laclede Ave, Saint Louis, MO 63103-2136. Harris-Stowe State University is a small university located in Saint Louis, Missouri. It is a public school with primarily 4-year or above programs and has 1,864 students. Harris-Stowe State University has a bachelor's degree program in Business Administration and Management which graduated thirty-six students in 2008.

Southern Illinois University Edwardsville - Edwardsville, IL

Southern Illinois University Edwardsville, Il State Rte 157, Edwardsville, IL 62026-1001. Southern Illinois University Edwardsville is a large university located in Edwardsville, Illinois. It is a public school with primarily 4-year or above programs. It has 13,602 students and an admission rate of 89%. Southern Illinois University Edwardsville has 4 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree which graduated thirty-nine and thirty-one students respectively in 2008.
  • Manufacturing Engineering, bachelor's degree which graduated 8 students in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree which graduated 39 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated one and eighty-six students respectively in 2008.

Sanford-Brown College - Collinsville, IL

Sanford-Brown College, 1101 Eastport Plaza Drive, Collinsville, IL 62234-6108. Sanford-Brown College is a small college located in Collinsville, Illinois. It is a private for-profit school with primarily 2-year programs and has 597 students. Sanford-Brown College has a one to two year and an associate's degree program in Business Administration and Management which graduated thirty-five and nineteen students respectively in 2008.

Principia College - Elsah, IL

Principia College, 1 Maybeck Place, Elsah, IL 62028-9799. Principia College is a small college located in Elsah, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 520 students and an admission rate of 84%. Principia College has a bachelor's degree program in Business Administration and Management which graduated one student in 2008.

Washington University in St Louis - Saint Louis, MO

Washington University in St Louis, One Brookings Drive, Saint Louis, MO 63130-4899. Washington University in St Louis is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,946 students and an admission rate of 22%. Washington University in St Louis has 4 areas of study related to Cost Analyst. They are:

  • Materials Engineering, master's degree which graduated 1 student in 2008.
  • Mechanical Engineering, bachelor's degree and master's degree which graduated sixty-one and twenty-three students respectively in 2008.
  • Construction Engineering, master's degree which graduated 8 students in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated two, 340, and seven students respectively in 2008.

University of Phoenix-St Louis Campus - Saint Louis, MO

University of Phoenix-St Louis Campus, 13801 Riverport Drive, Ste. 102, Saint Louis, MO 63043-4828. University of Phoenix-St Louis Campus is a small university located in Saint Louis, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 338 students. University of Phoenix-St Louis Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated sixty-five and twenty-seven students respectively in 2008.

Saint Louis Community College-Meramec - Kirkwood, MO

Saint Louis Community College-Meramec, 11333 Big Bend Blvd, Kirkwood, MO 63122. Saint Louis Community College-Meramec is a large college located in Kirkwood, Missouri. It is a public school with primarily 2-year programs and has 10,217 students. Saint Louis Community College-Meramec has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, one to two year which graduated 1 student in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated zero and three students respectively in 2008.

Lewis and Clark Community College - Godfrey, IL

Lewis and Clark Community College, 5800 Godfrey Rd, Godfrey, IL 62035. Lewis and Clark Community College is a medium sized college located in Godfrey, Illinois. It is a public school with primarily 2-year programs and has 8,016 students. Lewis and Clark Community College has a one to two year and an associate's degree program in Business Administration and Management which graduated six and eight students respectively in 2008.

Lindenwood University - Saint Charles, MO

Lindenwood University, 209 S Kingshighway, Saint Charles, MO 63301-1695. Lindenwood University is a large university located in Saint Charles, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,253 students and an admission rate of 40%. Lindenwood University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree which graduated five and 303 students respectively in 2008.
  • Business Administration and Management, master's degree which graduated 28 students in 2008.

Webster University - Saint Louis, MO

Webster University, 470 E Lockwood Ave., Saint Louis, MO 63119-3194. Webster University is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 18,237 students and an admission rate of 57%. Webster University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree which graduated one and two students respectively in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated eleven, seventy-two, and five students respectively in 2008.

University of Missouri-St Louis - Saint Louis, MO

University of Missouri-St Louis, One University Boulevard, Saint Louis, MO 63121-4400. University of Missouri-St Louis is a large university located in Saint Louis, Missouri. It is a public school with primarily 4-year or above programs. It has 15,591 students and an admission rate of 46%. University of Missouri-St Louis has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 11 students in 2008.
  • Business/Commerce, bachelor's degree, postbaccalaureate certificate, master's degree, and doctor's degree which graduated 355, eighteen, sixty-five, and one students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated thirty-nine and sixty-two students respectively in 2008.

Missouri Baptist University - Saint Louis, MO

Missouri Baptist University, One College Park Dr, Saint Louis, MO 63141-8698. Missouri Baptist University is a small university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,764 students and an admission rate of 67%. Missouri Baptist University has one to two year, associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated zero, two, four, and forty-three students respectively in 2008.

McKendree University - Lebanon, IL

McKendree University, 701 College Rd, Lebanon, IL 62254-1291. McKendree University is a small university located in Lebanon, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,258 students and an admission rate of 65%. McKendree University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated five and zero students respectively in 2008.

Ranken Technical College - Saint Louis, MO

Ranken Technical College, 4431 Finney Ave, Saint Louis, MO 63113-2811. Ranken Technical College is a small college located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs and has 1,626 students. Ranken Technical College has a less than one year and a bachelor's degree program in Business Administration and Management which graduated one and twelve students respectively in 2008.

Patricia Stevens College - Saint Louis, MO

Patricia Stevens College, 330 North Fourth Street, Suite 306, Saint Louis, MO 63102-2008. Patricia Stevens College is a small college located in Saint Louis, Missouri. It is a private for-profit school with primarily 4-year or above programs. It has 182 students and an admission rate of 50%. Patricia Stevens College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated seven and zero students respectively in 2008.

Saint Louis University-Main Campus - Saint Louis, MO

Saint Louis University-Main Campus, 221 N Grand Blvd, Saint Louis, MO 63103-2097. Saint Louis University-Main Campus is a large university located in Saint Louis, Missouri. It is a private not-for-profit school with primarily 4-year or above programs. It has 15,975 students and an admission rate of 72%. Saint Louis University-Main Campus has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 19 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 358 and 110 students respectively in 2008.

Saint Louis Community College-Florissant Valley - Saint Louis, MO

Saint Louis Community College-Florissant Valley, 3400 Pershall Rd, Saint Louis, MO 63135. Saint Louis Community College-Florissant Valley is a medium sized college located in Saint Louis, Missouri. It is a public school with primarily 2-year programs and has 6,515 students. Saint Louis Community College-Florissant Valley has 3 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, associate's degree which graduated 3 students in 2008.
  • Business/Commerce, less than one year and one to two year which graduated two and one students respectively in 2008.
  • Business Administration and Management, less than one year, one to two year, and associate's degree which graduated two, one, and five students respectively in 2008.

Vatterott College - Sunset Hills, MO

Vatterott College, 12970 Maurer Industrial Dr, Sunset Hills, MO 63127-1516. Vatterott College is a small college located in Sunset Hills, Missouri. It is a private for-profit school with primarily 4-year or above programs and has 603 students. Vatterott College has an associate's degree program in Business/Commerce which graduated seven students in 2008.

Sanford-Brown College - Saint Peters, MO

Sanford-Brown College, 100 Richmond Center Blvd, Saint Peters, MO 63376. Sanford-Brown College is a small college located in Saint Peters, Missouri. It is a private for-profit school with primarily 2-year programs and has 813 students. Sanford-Brown College has an associate's degree program in Business Administration and Management which graduated twelve students in 2008.

Saint Louis Community College-Forest Park - Saint Louis, MO

Saint Louis Community College-Forest Park, 5600 Oakland Ave, Saint Louis, MO 63110. Saint Louis Community College-Forest Park is a medium sized college located in Saint Louis, Missouri. It is a public school with primarily 2-year programs and has 7,164 students. Saint Louis Community College-Forest Park has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, less than one year and one to two year which graduated three and two students respectively in 2008.
  • Business Administration and Management, less than one year.

Southwestern Illinois College - Belleville, IL

Southwestern Illinois College, 2500 Carlyle Ave, Belleville, IL 62221-5899. Southwestern Illinois College is a large college located in Belleville, Illinois. It is a public school with primarily 2-year programs and has 14,308 students. Southwestern Illinois College has a less than one year and an associate's degree program in Business Administration and Management which graduated thirty-seven and twenty-seven students respectively in 2008.

ITT Technical Institute-Arnold - Arnold, MO

ITT Technical Institute-Arnold, 1930 Meyer Drury Dr, Arnold, MO 63010. ITT Technical Institute-Arnold is a small school located in Arnold, Missouri. It is a private for-profit school with primarily 4-year or above programs. It has 940 students and an admission rate of 51%. ITT Technical Institute-Arnold has a bachelor's degree program in Business Administration and Management.

Sanford-Brown College - Hazelwood, MO

Sanford-Brown College, 75 Village Square, Hazelwood, MO 63042. Sanford-Brown College is a small college located in Hazelwood, Missouri. It is a private for-profit school with primarily 2-year programs and has 722 students. Sanford-Brown College has an associate's degree program in Business Administration and Management which graduated thirty-nine students in 2008.

ITT Technical Institute-Earth City - Earth City, MO

ITT Technical Institute-Earth City, 3640 Corporate Trail Drive, Earth City, MO 63045. ITT Technical Institute-Earth City is a small school located in Earth City, Missouri. It is a private for-profit school with primarily 4-year or above programs. It has 976 students and an admission rate of 59%. ITT Technical Institute-Earth City has a bachelor's degree program in Business Administration and Management.

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: St. Louis, Missouri

St. Louis, Missouri
St. Louis, Missouri photo by Dschwen

St. Louis is located in St. Louis City County, Missouri. It has a population of over 354,361, which has grown by 1.8% over the last ten years. The cost of living index in St. Louis, 83, is well below the national average. New single-family homes in St. Louis are priced at $111,600 on average, which is far less than the state average. In 2008, one hundred fifty-seven new homes were built in St. Louis, down from two hundred sixty-one the previous year.

The top three industries for women in St. Louis are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and educational services. The average travel time to work is about 25 minutes. More than 19.1% of St. Louis residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.6%, is lower than the state average.

The unemployment rate in St. Louis is 10.9%, which is greater than Missouri's average of 8.9%.

Nativity of Our Lord Church, Church of the Good Shepard and Church of the Holy Communion are among the churches located in St. Louis.

St. Louis is home to the Terminal Railroad Association Building and the Memorial Home as well as Washington Park and Willmore Park. Shopping malls in the area include Hampton Village Shopping Center and Loughborough Shopping Center.