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Career and Education Opportunities for Cost Analysts in Nashua, New Hampshire

Cost analysts can find many career and educational opportunities in the Nashua, New Hampshire area. There are currently 940 jobs for cost analysts in New Hampshire and this is projected to grow 22% to about 1,150 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.

Cost analysts earn approximately $27 hourly or $56,860 per year on average in New Hampshire. Nationally they average about $27 hourly or $56,510 yearly. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in New Hampshire and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: cost recovery/investment recovery technician, procurement technician, and design consultant.

The Nashua area is home to fifty-seven schools of higher education, including twenty-two within twenty-five miles of Nashua 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 Nashua 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

Daniel Webster College - Nashua, NH

Daniel Webster College, 20 University Dr, Nashua, NH 03063-1300. Daniel Webster College is a small college located in Nashua, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,022 students and an admission rate of 76%. Daniel Webster College has associate's degree, bachelor's degree, and master's degree programs in Business/Commerce which graduated two, eleven, and forty students respectively in 2008.

Franklin Pierce University - Rindge, NH

Franklin Pierce University, 40 University Drive, Rindge, NH 03461-0060. Franklin Pierce University is a small university located in Rindge, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,526 students and an admission rate of 77%. Franklin Pierce University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated zero, zero, and fifty students respectively in 2008.

University of New Hampshire at Manchester - Manchester, NH

University of New Hampshire at Manchester, 400 Commercial Street, Manchester, NH 03101-1113. University of New Hampshire at Manchester is a small university located in Manchester, New Hampshire. It is a public school with primarily 4-year or above programs. It has 1,082 students and an admission rate of 73%. University of New Hampshire at Manchester has an associate's degree and a bachelor's degree program in Business/Commerce which graduated four and twenty-eight students respectively in 2008.

Rivier College - Nashua, NH

Rivier College, 420 South Main St, Nashua, NH 03060. Rivier College is a small college located in Nashua, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,198 students and an admission rate of 72%. Rivier College has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated one, thirty-four, and fifty-three students respectively in 2008.

Mount Wachusett Community College - Gardner, MA

Mount Wachusett Community College, 444 Green St, Gardner, MA 01440-1000. Mount Wachusett Community College is a small college located in Gardner, Massachusetts. It is a public school with primarily 2-year programs and has 4,385 students. Mount Wachusett Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 34 students in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated eight and thirty-eight students respectively in 2008.

NHTI-Concord's Community College - Concord, NH

NHTI-Concord's Community College, 31 College Drive, Concord, NH 03301-7412. NHTI-Concord's Community College is a small college located in Concord, New Hampshire. It is a public school with primarily 2-year programs. It has 3,646 students and an admission rate of 73%. NHTI-Concord's Community College has a less than one year and an associate's degree program in Business Administration and Management which graduated five and forty-two students respectively in 2008.

Fitchburg State College - Fitchburg, MA

Fitchburg State College, 160 Pearl St, Fitchburg, MA 01420-2697. Fitchburg State College is a medium sized college located in Fitchburg, Massachusetts. It is a public school with primarily 4-year or above programs. It has 6,400 students and an admission rate of 66%. Fitchburg State College has less than one year, bachelor's degree, and master's degree programs in Business Administration and Management which graduated zero, zero, and thirty-six students respectively in 2008.

Merrimack College - North Andover, MA

Merrimack College, 315 Turnpike St, North Andover, MA 01845. Merrimack College is a small college located in North Andover, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,154 students and an admission rate of 79%. Merrimack College has a bachelor's degree program in Business Administration and Management which graduated thirty-eight students in 2008.

New England College - Henniker, NH

New England College, 98 Bridge St, Henniker, NH 03242. New England College is a small college located in Henniker, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,783 students and an admission rate of 69%. New England College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated twenty-eight and ten students respectively in 2008.

Saint Anselm College - Manchester, NH

Saint Anselm College, 100 Saint Anselm Drive, Manchester, NH 03102-1310. Saint Anselm College is a small college located in Manchester, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,900 students and an admission rate of 70%. Saint Anselm College has a bachelor's degree program in Business/Commerce which graduated sixty-nine students in 2008.

Northern Essex Community College - Haverhill, MA

Northern Essex Community College, 100 Elliott Street, Haverhill, MA 01830-2399. Northern Essex Community College is a medium sized college located in Haverhill, Massachusetts. It is a public school with primarily 2-year programs and has 7,020 students. Northern Essex Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 50 students in 2008.
  • Business Administration and Management, associate's degree which graduated 29 students in 2008.

Hesser College - Manchester, NH

Hesser College, 3 Sundial Ave, Manchester, NH 03103-9969. Hesser College is a small college located in Manchester, New Hampshire. It is a private for-profit school with primarily 4-year or above programs and has 3,748 students. Hesser College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated 132 and seventy-four students respectively in 2008.

Tufts University - Medford, MA

Tufts University, , Medford, MA 02155-5555. Tufts University is a large university located in Medford, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 9,821 students and an admission rate of 25%. Tufts University has bachelor's degree, master's degree, and doctor's degree programs in Mechanical Engineering which graduated fifty-five, nineteen, and three students respectively in 2008.

Granite State College - Concord, NH

Granite State College, 8 Old Suncook Road, Concord, NH 03301-7317. Granite State College is a small college located in Concord, New Hampshire. It is a public school with primarily 4-year or above programs and has 1,543 students. Granite State College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated twenty and fifty-six students respectively in 2008.

Atlantic Union College - South Lancaster, MA

Atlantic Union College, 338 Main St, South Lancaster, MA 01561-1000. Atlantic Union College is a small college located in South Lancaster, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs and has 384 students. Atlantic Union College has a bachelor's degree program in Business Administration and Management which graduated two students in 2008.

Manchester Community College - Manchester, NH

Manchester Community College, 1066 Front St, Manchester, NH 03102-8518. Manchester Community College is a small college located in Manchester, New Hampshire. It is a public school with primarily 2-year programs and has 2,443 students. Manchester Community College has a less than one year and an associate's degree program in Business Administration and Management which graduated six and twelve students respectively in 2008.

Nashua Community College - Nashua, NH

Nashua Community College, 505 Amherst St, Nashua, NH 03063-1026. Nashua Community College is a small college located in Nashua, New Hampshire. It is a public school with primarily 2-year programs and has 1,925 students. Nashua Community College has a less than one year and an associate's degree program in Business Administration and Management which graduated one and twenty-five students respectively in 2008.

Middlesex Community College - Bedford, MA

Middlesex Community College, Springs Rd, Bedford, MA 01730-9124. Middlesex Community College is a medium sized college located in Bedford, Massachusetts. It is a public school with primarily 2-year programs and has 8,511 students. Middlesex Community College has a less than one year and an associate's degree program in Business Administration and Management which graduated thirteen and 138 students respectively in 2008.

Framingham State College - Framingham, MA

Framingham State College, 100 State Street, Framingham, MA 01701-9101. Framingham State College is a medium sized college located in Framingham, Massachusetts. It is a public school with primarily 4-year or above programs. It has 5,603 students and an admission rate of 56%. Framingham State College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated one and nineteen students respectively in 2008.

University of Massachusetts-Lowell - Lowell, MA

University of Massachusetts-Lowell, 1 University Ave, Lowell, MA 01854-5104. University of Massachusetts-Lowell is a large university located in Lowell, Massachusetts. It is a public school with primarily 4-year or above programs. It has 11,931 students and an admission rate of 71%. University of Massachusetts-Lowell 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 one, eight, and one students respectively in 2008.
  • Business/Commerce, associate's degree which graduated 5 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated zero and forty-two students respectively in 2008.

Southern New Hampshire University - Manchester, NH

Southern New Hampshire University, 2500 N River Rd, Manchester, NH 03106. Southern New Hampshire University is a medium sized university located in Manchester, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,000 students and an admission rate of 74%. Southern New Hampshire University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated seventy-six, 445, and 398 students respectively in 2008.

Colby-Sawyer College - New London, NH

Colby-Sawyer College, 541 Main St, New London, NH 03257-7835. Colby-Sawyer College is a small college located in New London, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,002 students and an admission rate of 87%. Colby-Sawyer College has a bachelor's degree program in Business Administration and Management which graduated twenty-four 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: Nashua, New Hampshire

Nashua, New Hampshire
Nashua, New Hampshire photo by FSosio

Nashua is situated in Hillsborough County, New Hampshire. It has a population of over 86,576. The cost of living index in Nashua, 119, is far greater than the national average. New single-family homes in Nashua are valued at $175,700 on average, which is well below the state average. In 2008, fifty-seven new homes were constructed in Nashua, down from seventy-nine the previous year.

The three big industries for women in Nashua are health care, educational services, and computer and electronic products. For men, it is computer and electronic products, professional, scientific, and technical services, and construction. The average commute to work is about 25 minutes. More than 31.5% of Nashua residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 11.2%, is lower than the state average.

The unemployment rate in Nashua is 7.5%, which is greater than New Hampshire's average of 6.5%.

The percentage of Nashua residents that are affiliated with a religious congregation, 58.1%, is more than both the national and state average. Bethel Church, Unitarian Universalist Church of Nashua and Trinity Baptist Church are among the churches located in Nashua. The most common religious groups are the Catholic Church, the United Church of Christ and the Greek Orthodox Archdiocese of America.

Nashua is home to the Hillsborough County Courthouse and the Goodhue Memorial Library as well as Deschenes Oval and Nashua Manufacturing Company Historic District. Shopping malls in the area include Amherst Street Mall Shopping Center, Royal Ridge Mall Shopping Center and Nashua Mall Shopping Center. Visitors to Nashua can choose from Chalet Susse Motor Lodge, Crowne Plaza Nashua and Speaker's Corner Restaurant for temporary stays in the area.