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Career and Education Opportunities for Cost Analysts in Henderson, Nevada

If you want to be a cost analyst, the Henderson, Nevada area offers many opportunities both for education and employment. There are currently 2,390 working cost analysts in Nevada; this should grow by 50% to about 3,590 working cost analysts in the state 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. 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.

The income of a cost analyst is about $30 hourly or $62,680 annually on average in Nevada. In the U.S. as a whole, their income is about $27 hourly or $56,510 per year on average. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Nevada and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: procurement technician, construction estimator, and project manager.

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

University of Phoenix-Las Vegas Campus - Las Vegas, NV

University of Phoenix-Las Vegas Campus, 7455 W. Washington Street, Las Vegas, NV 89128-4337. University of Phoenix-Las Vegas Campus is a small university located in Las Vegas, Nevada. It is a private for-profit school with primarily 4-year or above programs and has 2,625 students. University of Phoenix-Las Vegas Campus has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, 227, and 130 students respectively in 2008.

University of Southern Nevada - Henderson, NV

University of Southern Nevada, 11 Sunset Way, Henderson, NV 89014. University of Southern Nevada is a small university located in Henderson, Nevada. It is a private not-for-profit school with primarily 4-year or above programs and has 793 students. University of Southern Nevada has a master's degree program in Business Administration and Management which graduated thirteen students in 2008.

University of Nevada-Las Vegas - Las Vegas, NV

University of Nevada-Las Vegas, 4505 S Maryland Pky, Las Vegas, NV 89154. University of Nevada-Las Vegas is a large university located in Las Vegas, Nevada. It is a public school with primarily 4-year or above programs. It has 28,618 students and an admission rate of 73%. University of Nevada-Las Vegas 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 twenty-five, eighteen, and ten students respectively in 2008.
  • Business/Commerce, bachelor's degree.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 125 and ninety-one students respectively in 2008.

Nevada State College - Henderson, NV

Nevada State College, 1125 Nevada State Drive, Henderson, NV 89015. Nevada State College is a small college located in Henderson, Nevada. It is a public school with primarily 4-year or above programs. It has 2,250 students and an admission rate of 80%. Nevada State College has a bachelor's degree program in Business Administration and Management which graduated sixteen students in 2008.

College of Southern Nevada - Las Vegas, NV

College of Southern Nevada, 6375 W. Charleston Blvd., Las Vegas, NV 89146-1164. College of Southern Nevada is a large college located in Las Vegas, Nevada. It is a public school with primarily 4-year or above programs and has 27,035 students. College of Southern Nevada 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 five and 246 students respectively in 2008.

ITT Technical Institute-Henderson - Henderson, NV

ITT Technical Institute-Henderson, 168 N Gibson Rd, Henderson, NV 89014. ITT Technical Institute-Henderson is a small school located in Henderson, Nevada. It is a private for-profit school with primarily 4-year or above programs. It has 1,008 students and an admission rate of 47%. ITT Technical Institute-Henderson 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: Henderson, Nevada

Henderson, Nevada
Henderson, Nevada photo by Katie Claypoole

Henderson is located in Clark County, Nevada. It has a population of over 252,064, which has grown by 43.7% in the past ten years. The cost of living index in Henderson, 93, is below the national average. New single-family homes in Henderson are valued at $135,800 on average, which is well below the state average. In 2008, 1,063 new homes were constructed in Henderson, down from 2,224 the previous year.

The three big industries for women in Henderson are accommodation and food services, arts, entertainment, and recreation, and health care. For men, it is construction, accommodation and food services, and arts, entertainment, and recreation. The average commute to work is about 24 minutes. More than 23.7% of Henderson residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 7.9%, is higher than the state average.

The unemployment rate in Henderson is 10.7%, which is less than Nevada's average of 12.6%.

The percentage of Henderson residents that are affiliated with a religious congregation, 36.2%, is less than the national average but more than the state average. The largest religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.

Henderson is home to the Amargosa Substation and the Las Vegas Downs as well as Henderson City Park and O'Callaghan Park. Shopping malls in the area include Boulder - Lake Mead Shopping Center and Lake Mead Shopping Center. Visitors to Henderson can choose from The Ritz-Carlton Lake Las Vegas, Railroad Pass Hotel & Casino and Fuego for temporary stays in the area.