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Career and Education Opportunities for Cost Analysts in North Dakota

North Dakota has a population of 646,844, which has grown by 0.72% over the past decade. Nicknamed the "Flickertail State," its capital is Bismarck, though its biggest city is Fargo.

Cost analyst career and educational opportunities abound in Bismarck, North Dakota. There are currently 590 working cost analysts in North Dakota; this should grow 23% to about 730 working cost analysts in the state by 2016. This is not quite as good as the national trend for cost analysts, which sees this job pool growing by about 25.3% over the next eight years. 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.

Income for cost analysts is about $20 per hour or $43,090 per year on average in North Dakota. Nationally, their income is about $27 hourly or $56,510 annually. Cost analysts earn less than people working in the category of Adjustment and Analysis generally in North Dakota and more than people in the Adjustment and Analysis category nationally. People working as cost analysts can fill a number of jobs, such as: job cost estimator, construction job cost estimator, and production cost estimator.

The Bismarck area is home to six schools of higher education, including three within twenty-five miles of Bismarck where you can get a degree 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.

In 2008, there were a total of 498,718 jobs in North Dakota. The average annual income was $39,874 in 2008, up from $36,678 in 2007. The unemployment rate in North Dakota was 4.3% in 2009, which has grown by 1.1% since the previous year. About 22.0% of North Dakota residents have college degrees, which is lower than the national average.

The top industries in North Dakota include farm product raw material merchant wholesalers, farm machinery merchant wholesalers, and lawn equipment stores. Notable tourist destinations include the Charitable Equipment Inc, the West Acres Regional Shopping Center, and the Children's Museum at Yunker Farm.

CITIES WITH Cost Analyst OPPORTUNITIES IN North Dakota


JOB 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.

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.

Similar jobs with educational opportunities in North Dakota 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.
  • 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.

LOCATION INFORMATION: North Dakota

North Dakota
North Dakota photo by Bobak Ha'Eri

North Dakota has a population of 646,844, which has grown by 0.72% over the past decade. Nicknamed the "Flickertail State," its capital is Bismarck, though its largest city is Fargo. In 2008, there were a total of 498,718 jobs in North Dakota. The average annual income was $39,874 in 2008, up from $36,678 the preceding year. The unemployment rate in North Dakota was 4.3% in 2009, which has grown by 1.1% since the previous year. Approximately 22.0% of North Dakota residents have college degrees, which is lower than the national average.

The top industries in North Dakota include farm product raw material merchant wholesalers, farm machinery merchant wholesalers, and lawn equipment stores. Notable tourist attractions include the Red River Valley Genealogical Society, the Gallery 4 Ltd, and the West Acres Regional Shopping Center.