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Career and Education Opportunities for Cost Analysts in Cleveland, Ohio

If you want to be a cost analyst, the Cleveland, Ohio area offers many opportunities both for education and employment. There are currently 10,770 working cost analysts in Ohio; this should grow 15% to 12,360 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.

Cost analysts earn approximately $26 hourly or $55,460 yearly on average in Ohio. Nationally they average about $27 per hour or $56,510 yearly. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Ohio and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: production cost estimator, estimator project manager, and electrical estimator.

The Cleveland area is home to 103 schools of higher education, including twenty-nine within twenty-five miles of Cleveland 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 studying to be 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 Cleveland 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.
  • 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

University of Phoenix-Cleveland Campus - Independence, OH

University of Phoenix-Cleveland Campus, 5005 Rockside Road, Suite 130, Independence, OH 44131-2194. University of Phoenix-Cleveland Campus is a small university located in Independence, Ohio. It is a private for-profit school with primarily 4-year or above programs and has 430 students. University of Phoenix-Cleveland Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated seventy-three and seventy-one students respectively in 2008.

Ursuline College - Pepper Pike, OH

Ursuline College, 2550 Lander Rd, Pepper Pike, OH 44124. Ursuline College is a small college located in Pepper Pike, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,430 students and an admission rate of 43%. Ursuline College has a bachelor's degree program in Business Administration and Management which graduated one student in 2008.

Akron Adult Vocational Services - Akron, OH

Akron Adult Vocational Services, 147 Park St, Akron, OH 44308-1979. Akron Adult Vocational Services is a small school located in Akron, Ohio. It is a public school with primarily less-than 2-year programs and has 390 students. Akron Adult Vocational Services has a less than one year program in Business Administration and Management which graduated ten students in 2008.

National Institute of Technology - Cuyahoga Falls, OH

National Institute of Technology, 2545 Bailey Road, Cuyahoga Falls, OH 44221-2949. National Institute of Technology is a small school located in Cuyahoga Falls, Ohio. It is a private for-profit school with primarily 2-year programs and has 478 students. National Institute of Technology has an associate's degree program in Business Administration and Management which graduated twenty-two students in 2008.

Cleveland State University - Cleveland, OH

Cleveland State University, 2121 Euclid Avenue, Cleveland, OH 44115-2214. Cleveland State University is a large university located in Cleveland, Ohio. It is a public school with primarily 4-year or above programs. It has 15,010 students and an admission rate of 74%. Cleveland State University has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree which graduated twenty-nine and eighteen students respectively in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated seven, 281, and three students respectively in 2008.

TechSkills-Cleveland - Cleveland, OH

TechSkills-Cleveland, 5005 Rockside Rd Ste 400, Cleveland, OH 44131. TechSkills-Cleveland is a small school located in Cleveland, Ohio. It is a private for-profit school with primarily less-than 2-year programs and has 55 students. TechSkills-Cleveland has a less than one year program in Business Administration and Management.

Case Western Reserve University - Cleveland, OH

Case Western Reserve University, 10900 Euclid Ave, Cleveland, OH 44106. Case Western Reserve University is a medium sized university located in Cleveland, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 9,814 students and an admission rate of 73%. Case Western Reserve University has 2 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree, master's degree, and doctor's degree which graduated four, four, and two students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated forty-five, nine, and two students respectively in 2008.

ITT Technical Institute-Strongsville - Strongsville, OH

ITT Technical Institute-Strongsville, 14955 Sprague Rd, Strongsville, OH 44136. ITT Technical Institute-Strongsville is a small school located in Strongsville, Ohio. It is a private for-profit school with primarily 2-year programs. It has 566 students and an admission rate of 52%. ITT Technical Institute-Strongsville has an associate's degree program in Business Administration and Management.

Bohecker College - Ravenna, OH

Bohecker College, 653 Enterprise Parkway, Ravenna, OH 44266. Bohecker College is a small college located in Ravenna, Ohio. It is a private for-profit school with primarily 2-year programs. It has 448 students and an admission rate of 95%. Bohecker College has an associate's degree program in Business Administration and Management which graduated twenty-seven students in 2008.

Notre Dame College - Cleveland, OH

Notre Dame College, 4545 College Rd, Cleveland, OH 44121-4293. Notre Dame College is a small college located in Cleveland, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,599 students and an admission rate of 40%. Notre Dame College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated one and one students respectively in 2008.

Lake Erie College - Painesville, OH

Lake Erie College, 391 W Washington St, Painesville, OH 44077-3389. Lake Erie College is a small college located in Painesville, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,059 students and an admission rate of 62%. Lake Erie College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated zero and thirty-four students respectively in 2008.

Ohio Business College-Lorain - Sheffield Village, OH

Ohio Business College-Lorain, 5095 Waterford Drive, Sheffield Village, OH 44053. Ohio Business College-Lorain is a small college located in Sheffield Village, Ohio. It is a private for-profit school with primarily 2-year programs and has 358 students. Ohio Business College-Lorain has an associate's degree program in Business Administration and Management which graduated ten students in 2008.

ITT Technical Institute-Warrensville Heights - Warrensville Heights, OH

ITT Technical Institute-Warrensville Heights, 4700 Richmond Rd., Suite 3000, Warrensville Heights, OH 44128. ITT Technical Institute-Warrensville Heights is a small school located in Warrensville Heights, Ohio. It is a private for-profit school with primarily 2-year programs. It has 361 students and an admission rate of 45%. ITT Technical Institute-Warrensville Heights has an associate's degree program in Business Administration and Management which graduated six students in 2008.

Brown Mackie College-Akron - Akron, OH

Brown Mackie College-Akron, 755 White Pond Drive, STE 101, Akron, OH 44320. Brown Mackie College-Akron is a small college located in Akron, Ohio. It is a private for-profit school with primarily 2-year programs and has 877 students. Brown Mackie College-Akron has a one to two year and an associate's degree program in Business Administration and Management which graduated zero and twenty-two students respectively in 2008.

Remington College-Cleveland Campus - Cleveland, OH

Remington College-Cleveland Campus, 14445 Broadway Ave, Cleveland, OH 44125-1957. Remington College-Cleveland Campus is a small college located in Cleveland, Ohio. It is a private for-profit school with primarily 2-year programs. It has 474 students and an admission rate of 75%. Remington College-Cleveland Campus has an associate's degree program in Business Administration and Management which graduated fourteen students in 2008.

Remington College-Cleveland West Campus - North Olmsted, OH

Remington College-Cleveland West Campus, 26350 Brookpark Road, North Olmsted, OH 44070-2163. Remington College-Cleveland West Campus is a small college located in North Olmsted, Ohio. It is a private for-profit school with primarily 2-year programs. It has 361 students and an admission rate of 66%. Remington College-Cleveland West Campus has an associate's degree program in Business Administration and Management which graduated three students in 2008.

Lakeland Community College - Kirtland, OH

Lakeland Community College, 7700 Clocktower Dr, Kirtland, OH 44094-5198. Lakeland Community College is a medium sized college located in Kirtland, Ohio. It is a public school with primarily 2-year programs and has 8,924 students. Lakeland Community College has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, one to two year which graduated 1 student in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated twelve and sixty-six students respectively in 2008.

University of Akron Main Campus - Akron, OH

University of Akron Main Campus, 302 Buchtel Common, Akron, OH 44325-4702. University of Akron Main Campus is a large university located in Akron, Ohio. It is a public school with primarily 4-year or above programs and has 24,202 students. University of Akron Main Campus has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, less than one year, bachelor's degree, master's degree, post-master's certificate, and doctor's degree which graduated zero, sixty-four, thirteen, zero, and ten students respectively in 2008.
  • Construction Engineering Technology/Technician, less than one year, associate's degree, and bachelor's degree which graduated one, twenty-three, and twenty-nine students respectively in 2008.
  • Business Administration and Management, less than one year, associate's degree, bachelor's degree, and master's degree which graduated one, eleven, twenty-five, and seventeen students respectively in 2008.

Lorain County Community College - Elyria, OH

Lorain County Community College, 1005 North Abbe Rd, Elyria, OH 44035-1691. Lorain County Community College is a large college located in Elyria, Ohio. It is a public school with primarily 2-year programs and has 11,242 students. Lorain County Community College has 3 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, associate's degree which graduated 2 students in 2008.
  • Business/Commerce, associate's degree which graduated 3 students in 2008.
  • Business Administration and Management, associate's degree which graduated 82 students in 2008.

John Carroll University - Cleveland, OH

John Carroll University, 20700 N Park Blvd, Cleveland, OH 44118-4581. John Carroll University is a small university located in Cleveland, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,826 students and an admission rate of 80%. John Carroll University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated zero and sixty-six students respectively in 2008.

Bryant and Stratton College-Cleveland - Cleveland, OH

Bryant and Stratton College-Cleveland, 1700 E 13th St, Cleveland, OH 44114-3203. Bryant and Stratton College-Cleveland is a small college located in Cleveland, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 717 students and an admission rate of 53%. Bryant and Stratton College-Cleveland has an associate's degree and a bachelor's degree program in Business/Commerce which graduated fifteen and one students respectively in 2008.

National College - Stow, OH

National College, 3855 Fishcreek Rd, Stow, OH 44224. National College is a small college located in Stow, Ohio. It is a private for-profit school with primarily 2-year programs and has 205 students. National College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, one to two year.
  • Business Administration and Management, less than one year and associate's degree.

Baldwin-Wallace College - Berea, OH

Baldwin-Wallace College, 275 Eastland Rd, Berea, OH 44017-2088. Baldwin-Wallace College is a small college located in Berea, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,374 students and an admission rate of 67%. Baldwin-Wallace College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated ten and 103 students respectively in 2008.

Bryant and Stratton College-Parma - Parma, OH

Bryant and Stratton College-Parma, 12955 Snow Rd, Parma, OH 44130-3151. Bryant and Stratton College-Parma is a small college located in Parma, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 645 students and an admission rate of 40%. Bryant and Stratton College-Parma has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated ten and fifteen students respectively in 2008.

Bryant and Stratton College-Eastlake Campus - Eastlake, OH

Bryant and Stratton College-Eastlake Campus, 35350 Curtis Blvd., Eastlake, OH 44095. Bryant and Stratton College-Eastlake Campus is a small college located in Eastlake, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 709 students and an admission rate of 68%. Bryant and Stratton College-Eastlake Campus has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated seven and nine students respectively in 2008.

Chancellor University - Cleveland, OH

Chancellor University, 3921 Chester Avenue, Cleveland, OH 44114. Chancellor University is a small university located in Cleveland, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 381 students and an admission rate of 99%. Chancellor University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated nine, one, and thirty-three students respectively in 2008.

Cuyahoga Community College District - Cleveland, OH

Cuyahoga Community College District, 700 Carnegie Ave, Cleveland, OH 44115-2878. Cuyahoga Community College District is a large college located in Cleveland, Ohio. It is a public school with primarily 2-year programs and has 23,234 students. Cuyahoga Community College District has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering, associate's degree which graduated 8 students in 2008.
  • Business Administration and Management, associate's degree which graduated 64 students in 2008.

Hiram College - Hiram, OH

Hiram College, Hinsdale Hall Third Floor, Hiram, OH 44234-0067. Hiram College is a small college located in Hiram, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,367 students and an admission rate of 75%. Hiram College has a bachelor's degree program in Business Administration and Management which graduated three students in 2008.

Kent State University Kent Campus - Kent, OH

Kent State University Kent Campus, , Kent, OH 44242-0001. Kent State University Kent Campus is a large university located in Kent, Ohio. It is a public school with primarily 4-year or above programs. It has 22,944 students and an admission rate of 80%. Kent State University Kent Campus has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, less than one year which graduated 2 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 292 and 106 students respectively 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: Cleveland, Ohio

Cleveland, Ohio
Cleveland, Ohio photo by FlickreviewR

Cleveland is situated in Cuyahoga County, Ohio. It has a population of over 433,748, which has shrunk by 9.3% over the last ten years. The cost of living index in Cleveland, 81, is well below the national average. New single-family homes in Cleveland are valued at $94,100 on average, which is far less than the state average. In 2008, one hundred nine new homes were built in Cleveland, down from one hundred eighty-four the previous year.

The three big industries for women in Cleveland are health care, accommodation and food services, and educational services. For men, it is metal and metal products, construction, and accommodation and food services. The average travel time to work is about 26 minutes. More than 11.4% of Cleveland residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.8%, is lower than the state average.

The unemployment rate in Cleveland is 10.5%, which is greater than Ohio's average of 10.0%.

The percentage of Cleveland residents that are affiliated with a religious congregation, 57.8%, is more than both the national and state average. Hellenic Orthodox Church of the Annunciation, Abyssinia Baptist Church and Highland Christian Church are among the churches located in Cleveland. The largest religious groups are the Catholic Church, the United Methodist Church and the American Baptist Churches in the USA.

Cleveland is home to the Mastick Woods Golf Course and the Dock Number 32 as well as Shaker Square Historic District and Newton Avenue Historic District. Shopping malls in the area include Shaker-Moreland Shopping Center, Shaker Square Shopping Center and Clark West 30th Shopping Center. Visitors to Cleveland can choose from Hilton Garden Inn Cleveland Gateway, Airport Sheraton and Extended Stayamerica for temporary stays in the area.