Career and Education Opportunities for Cost Analysts in Ohio
Ohio has a population of 11,542,645, which has grown by 1.67% over the past decade. Nicknamed the "Buckeye State," Ohio's capital and largest city is Columbus.
There are currently 10,770 jobs for cost analysts in Ohio and this is projected to grow 15% to about 12,360 jobs 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. 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.
A person working as a cost analyst can expect to earn about $26 per hour or $55,460 yearly on average in Ohio and about $27 hourly or $56,510 annually on average in the U.S. as a whole. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Ohio and more than people in the Adjustment and Analysis category nationally. Cost analysts work in a variety of jobs, including: crating and moving estimator, procurement technician, and cost recovery/investment recovery technician.
In 2008, there were a total of 6,819,050 jobs in Ohio. The average annual income was $35,889 in 2008, up from $35,174 in 2007. The unemployment rate in Ohio was 10.2% in 2009, which has grown by 3.6% since the previous year. About 21.1% of Ohio residents have college degrees, which is lower than the national average.
The top industries in Ohio include fabricated metal product manufacturing, soap detergent manufacturing, and forging. Notable tourist attractions include the Gahanna Historical Society, the Central Ohio Fire Museum, and the Columbus Historical Society.
CITIES WITH Cost Analyst OPPORTUNITIES IN Ohio
JOB 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.
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 Ohio 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.
- Claims Adjuster. Review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.
- 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.
- Insurance Adjuster. Investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
- Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
- Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- License Examiner. Examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.
- 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: Ohio
Ohio has a population of 11,542,645, which has grown by 1.67% over the past decade. Nicknamed the "Buckeye State," Ohio's capital and most populous city is Columbus. In 2008, there were a total of 6,819,050 jobs in Ohio. The average annual income was $35,889 in 2008, up from $35,174 in 2007. The unemployment rate in Ohio was 10.2% in 2009, which has grown by 3.6% since the previous year. Roughly 21.1% of Ohio residents have college degrees, which is lower than the national average.
The top industries in Ohio include fabricated metal product manufacturing, soap detergent manufacturing, and forging. Notable tourist destinations include the Columbus Museum of Art, the Columbus Jewish Historical, and the COSI.