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Career and Education Opportunities for Cost Analysts in Omaha, Nebraska

For those living in the Omaha, Nebraska area, there are many career and education opportunities for cost analysts. There are currently 1,570 jobs for cost analysts in Nebraska and this is projected to grow 25% to 1,960 jobs 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%. 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.

Income for cost analysts is about $22 per hour or $46,410 per year on average in Nebraska. Nationally, their income is about $27 per hour or $56,510 yearly. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Nebraska 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: building construction estimator, construction job cost estimator, and building estimator.

There are thirty-one schools of higher education in the Omaha area, including seventeen within twenty-five miles of Omaha where you can get a degree to start your career as a cost analyst. Cost analysts usually hold a Bachelor's degree, so 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 Omaha 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

Clarkson College - Omaha, NE

Clarkson College, 101 S 42nd St, Omaha, NE 68131-2739. Clarkson College is a small college located in Omaha, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 820 students and an admission rate of 53%. Clarkson College has a bachelor's degree and a master's degree program in Business/Commerce which graduated eight and four students respectively in 2008.

College of Saint Mary - Omaha, NE

College of Saint Mary, 7000 Mercy Rd., Omaha, NE 68106. College of Saint Mary is a small college located in Omaha, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 953 students and an admission rate of 45%. College of Saint Mary has one to two year, associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated thirteen, zero, sixteen, and forty-six students respectively in 2008.

Grace University - Omaha, NE

Grace University, 1311 S 9th St, Omaha, NE 68108-3629. Grace University is a small university located in Omaha, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 433 students and an admission rate of 98%. Grace University has a bachelor's degree program in Business Administration and Management which graduated thirteen students in 2008.

Nebraska Wesleyan University - Lincoln, NE

Nebraska Wesleyan University, 5000 St Paul Ave, Lincoln, NE 68504-2794. Nebraska Wesleyan University is a small university located in Lincoln, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,081 students and an admission rate of 80%. Nebraska Wesleyan University has a bachelor's degree program in Business/Commerce which graduated ten students in 2008.

Southeast Community College Area - Lincoln, NE

Southeast Community College Area, 301south 68th Street Place, Lincoln, NE 68510-2449. Southeast Community College Area is a large college located in Lincoln, Nebraska. It is a public school with primarily 2-year programs and has 10,557 students. Southeast Community College Area has less than one year, one to two year, and associate's degree programs in Business Administration and Management which graduated two, two, and 177 students respectively in 2008.

Doane College-Lincoln Grand Island and Master - Lincoln, NE

Doane College-Lincoln Grand Island and Master, 303 N 52nd St, Lincoln, NE 68504. Doane College-Lincoln Grand Island and Master is a small college located in Lincoln, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs and has 1,651 students. Doane College-Lincoln Grand Island and Master has a bachelor's degree program in Business Administration and Management which graduated one student in 2008.

Creighton University - Omaha, NE

Creighton University, 2500 California Plaza, Omaha, NE 68178. Creighton University is a medium sized university located in Omaha, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,059 students and an admission rate of 79%. Creighton University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, master's degree which graduated 56 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 8 students in 2008.

University of Nebraska at Omaha - Omaha, NE

University of Nebraska at Omaha, 6001 Dodge St, Omaha, NE 68182-0225. University of Nebraska at Omaha is a large university located in Omaha, Nebraska. It is a public school with primarily 4-year or above programs. It has 14,213 students and an admission rate of 84%. University of Nebraska at Omaha has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 24 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated fifteen and 103 students respectively in 2008.

Bellevue University - Bellevue, NE

Bellevue University, 1000 Galvin Rd S, Bellevue, NE 68005-3098. Bellevue University is a medium sized university located in Bellevue, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs and has 8,278 students. Bellevue University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 3 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated fifty-seven and 521 students respectively in 2008.

Kaplan University-Council Bluffs Campus - Council Bluffs, IA

Kaplan University-Council Bluffs Campus, 1751 Madison Avenue, Suite 750, Council Bluffs, IA 51503-5289. Kaplan University-Council Bluffs Campus is a small university located in Council Bluffs, Iowa. It is a private for-profit school with primarily 4-year or above programs and has 241 students. Kaplan University-Council Bluffs Campus has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated twenty-three and five students respectively in 2008.

Midland Lutheran College - Fremont, NE

Midland Lutheran College, 900 N. Clarkson, Fremont, NE 68025. Midland Lutheran College is a small college located in Fremont, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 801 students and an admission rate of 78%. Midland Lutheran College 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 15 students in 2008.

Dana College - Blair, NE

Dana College, 2848 College Dr, Blair, NE 68008. Dana College is a small college located in Blair, Nebraska. It is a private not-for-profit school with primarily 4-year or above programs. It has 565 students and an admission rate of 71%. Dana College has a bachelor's degree program in Business Administration and Management.

University of Phoenix-Omaha Campus - Omaha, NE

University of Phoenix-Omaha Campus, 13321 California Street Suite 200, Omaha, NE 68154-5240. University of Phoenix-Omaha Campus is a small university located in Omaha, Nebraska. It is a private for-profit school with primarily 4-year or above programs and has 55 students. University of Phoenix-Omaha Campus has a master's degree program in Business Administration and Management which graduated twenty students in 2008.

Metropolitan Community College Area - Omaha, NE

Metropolitan Community College Area, 30 & Fort Street, Omaha, NE 68111-1610. Metropolitan Community College Area is a large college located in Omaha, Nebraska. It is a public school with primarily 2-year programs and has 15,055 students. Metropolitan Community College Area has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, less than one year and associate's degree which graduated zero and twenty-five students respectively in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated four and ninety students respectively in 2008.

Kaplan University-Omaha Campus - Omaha, NE

Kaplan University-Omaha Campus, 5417 N. 103rd St., Omaha, NE 68134-1002. Kaplan University-Omaha Campus is a small university located in Omaha, Nebraska. It is a private for-profit school with primarily 4-year or above programs and has 1,126 students. Kaplan University-Omaha Campus has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated thirteen and eight students respectively in 2008.

Vatterott College-Spring Valley Campus - Omaha, NE

Vatterott College-Spring Valley Campus, 11818 I Street, Omaha, NE 68137. Vatterott College-Spring Valley Campus is a small college located in Omaha, Nebraska. It is a private for-profit school with primarily 2-year programs and has 329 students. Vatterott College-Spring Valley Campus has a one to two year program in Construction Engineering Technology/Technician.

Iowa Western Community College - Council Bluffs, IA

Iowa Western Community College, 2700 College Rd, Council Bluffs, IA 51502-3004. Iowa Western Community College is a medium sized college located in Council Bluffs, Iowa. It is a public school with primarily 2-year programs and has 5,642 students. Iowa Western Community College has an associate's degree program in Business Administration and Management which graduated two 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: Omaha, Nebraska

Omaha, Nebraska
Omaha, Nebraska photo by Yassie

Omaha is located in Douglas County, Nebraska. It has a population of over 438,646, which has grown by 12.5% in the past ten years. The cost of living index in Omaha, 81, is well below the national average. New single-family homes in Omaha are valued at $105,100 on average, which is far less than the state average. In 2008, 1,576 new homes were built in Omaha, down from 1,905 the previous year.

The three big industries for women in Omaha are health care, educational services, and finance and insurance. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average commute to work is about 18 minutes. More than 28.7% of Omaha residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.0%, is higher than the state average.

The unemployment rate in Omaha is 4.7%, which is greater than Nebraska's average of 4.5%.

The percentage of Omaha residents that are affiliated with a religious congregation, 54.5%, is more than the national average but less than the state average. Calvary Baptist Church, Calvary Chapel of Omaha and Calvary Foursquare Gospel Church are all churches located in Omaha. The most common religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the Lutheran Church.

Omaha is home to the Gibson and the Cedar Hills Golf Course as well as Al Caniglia Field and Adams Park. Shopping malls in the area include Frederick Square Shopping Center, North Park Shopping Center and Oak View Mall. Visitors to Omaha can choose from Countryside Suites, Hampton Inn Omaha-Central and Townhouse Inn for temporary stays in the area.