Career and Education Opportunities for Cost Analysts in Reno, Nevada
There are many career and education opportunities for cost analysts in the Reno, Nevada area. About 2,390 people are currently employed as cost analysts in Nevada. By 2016, this is expected to grow by 50% to 3,590 people employed. This is better than 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 $30 per hour or $62,680 per year on average in Nevada and about $27 hourly or $56,510 per year on average nationally. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Nevada and more than people in the Adjustment and Analysis category nationally. Jobs in this field include: estimator project manager, project manager, and production cost estimator.
There are eleven schools of higher education in the Reno area, including five within twenty-five miles of Reno 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
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 Reno 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
Western Nevada College - Carson City, NV
Western Nevada College, 2201 West College Parkway, Carson City, NV 89703-7399. Western Nevada College is a small college located in Carson City, Nevada. It is a public school with primarily 4-year or above programs and has 4,755 students. Western Nevada College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, one to two year and associate's degree which graduated thirteen and twenty-eight students respectively in 2008.
- Business Administration and Management, associate's degree which graduated 8 students in 2008.
University of Nevada-Reno - Reno, NV
University of Nevada-Reno, , Reno, NV 89557. University of Nevada-Reno is a large university located in Reno, Nevada. It is a public school with primarily 4-year or above programs. It has 16,851 students and an admission rate of 90%. University of Nevada-Reno has 4 areas of study related to Cost Analyst. They are:
- Mechanical Engineering, bachelor's degree and master's degree which graduated fifty-three and fourteen students respectively in 2008.
- Construction Engineering Technology/Technician, bachelor's degree which graduated 4 students in 2008.
- Business/Commerce, bachelor's degree which graduated 73 students in 2008.
- Business Administration and Management, master's degree which graduated 80 students in 2008.
Truckee Meadows Community College - Reno, NV
Truckee Meadows Community College, 7000 Dandini Blvd, Reno, NV 89512-3999. Truckee Meadows Community College is a large college located in Reno, Nevada. It is a public school with primarily 2-year programs and has 12,277 students. Truckee Meadows Community College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, one to two year and associate's degree which graduated three and fourteen students respectively in 2008.
- Business Administration and Management, associate's degree.
Sierra Nevada College - Incline Village, NV
Sierra Nevada College, 999 Tahoe Blvd., Incline Village, NV 89451. Sierra Nevada College is a small college located in Incline Village, Nevada. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,008 students and an admission rate of 86%. Sierra Nevada College has a bachelor's degree program in Business Administration and Management.
University of Phoenix-Northern Nevada Campus - Reno, NV
University of Phoenix-Northern Nevada Campus, 5370 Kietzke Lane, Suite 102, Reno, NV 89511-2040. University of Phoenix-Northern Nevada Campus is a small university located in Reno, Nevada. It is a private for-profit school with primarily 4-year or above programs and has 524 students. University of Phoenix-Northern Nevada Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated forty-eight and fifty-three students respectively in 2008.
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: Reno, Nevada
Reno is situated in Washoe County, Nevada. It has a population of over 217,016, which has grown by 20.2% over the last ten years. The cost of living index in Reno, 93, is below the national average. New single-family homes in Reno are priced at $202,100 on average, which is well above the state average. In 2008, six hundred thirty-seven new homes were built in Reno, down from nine hundred ninety-seven the previous year.
The three big industries for women in Reno are arts, entertainment, and recreation, health care, and accommodation and food services. For men, it is arts, entertainment, and recreation, construction, and accommodation and food services. The average commute to work is about 18 minutes. More than 25.0% of Reno residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.4%, is higher than the state average.
The unemployment rate in Reno is 11.8%, which is less than Nevada's average of 12.6%.
The percentage of Reno residents that are affiliated with a religious congregation, 27.9%, is less than both the national and state average. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.
Reno is home to the Short Ranch and the Keystone Square as well as Wilkinson Park and Paradise Park. Shopping centers in the area include Miraloma Park Shopping Center, Village Shopping Center and University Village East Shopping Center. Visitors to Reno can choose from Oxford Motel, Atlantis Casino Resort and Wayside Motel & Apartments for temporary stays in the area.