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Career and Education Opportunities for Cost Analysts in Columbus, Ohio

Many educational and employment opportunities exist for cost analysts in the Columbus, Ohio area. Currently, 10,770 people work as cost analysts in Ohio. This is expected to grow 15% to about 12,360 people 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 $26 per hour or $55,460 per year on average in Ohio. Nationally they average about $27 per hour or $56,510 per year. Incomes for cost analysts are better than in the overall category of Adjustment and Analysis in Ohio, and better than the overall Adjustment and Analysis category nationally. People working as cost analysts can fill a number of jobs, such as: estimator, electrical estimator, and environmental marketing specialist.

There are sixty-three schools of higher education in the Columbus area, including fifteen within twenty-five miles of Columbus where you can get a degree to start your career as a cost analyst. Cost analysts usually hold a Bachelor's degree, so it will take about four years to learn 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 Columbus 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.
  • 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

Ohio State University-Newark Campus - Newark, OH

Ohio State University-Newark Campus, 1179 University Dr, Newark, OH 43055. Ohio State University-Newark Campus is a small university located in Newark, Ohio. It is a public school with primarily 4-year or above programs and has 2,472 students. Ohio State University-Newark Campus has a bachelor's degree program in Business/Commerce which graduated nine students in 2008.

Mount Vernon Nazarene University - Mount Vernon, OH

Mount Vernon Nazarene University, 800 Martinsburg Rd, Mount Vernon, OH 43050-9500. Mount Vernon Nazarene University is a small university located in Mount Vernon, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,558 students and an admission rate of 79%. Mount Vernon Nazarene University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree and bachelor's degree which graduated zero and one students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated one and thirty-six students respectively in 2008.

Otterbein College - Westerville, OH

Otterbein College, One Otterbein College, Westerville, OH 43081. Otterbein College is a small college located in Westerville, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,131 students and an admission rate of 82%. Otterbein College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated six and twenty students respectively in 2008.

Ohio Dominican University - Columbus, OH

Ohio Dominican University, 1216 Sunbury Road, Columbus, OH 43219. Ohio Dominican University is a small university located in Columbus, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,117 students and an admission rate of 68%. Ohio Dominican University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated seventy-two, four, and 168 students respectively in 2008.

Capital University - Columbus, OH

Capital University, 1 College and Main, Columbus, OH 43209-2394. Capital University is a small university located in Columbus, Ohio. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,632 students and an admission rate of 77%. Capital University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fifteen and forty-six students respectively in 2008.

DeVry University-Ohio - Columbus, OH

DeVry University-Ohio, 1350 Alum Creek Dr, Columbus, OH 43209-2705. DeVry University-Ohio is a small university located in Columbus, Ohio. It is a private for-profit school with primarily 4-year or above programs. It has 3,674 students and an admission rate of 89%. DeVry University-Ohio has a bachelor's degree and a master's degree program in Business Administration and Management which graduated ninety-four and seventy-nine students respectively in 2008.

Columbus State Community College - Columbus, OH

Columbus State Community College, 550 E Spring St, Columbus, OH 43215. Columbus State Community College is a large college located in Columbus, Ohio. It is a public school with primarily 2-year programs and has 24,203 students. Columbus State Community College has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, one to two year and associate's degree which graduated twenty-five and twenty-eight students respectively in 2008.
  • Business Administration and Management, associate's degree which graduated 114 students in 2008.

ITT Technical Institute-Hilliard - Hilliard, OH

ITT Technical Institute-Hilliard, 3781 Park Mill Run, Suite 1, Hilliard, OH 43026. ITT Technical Institute-Hilliard is a small school located in Hilliard, Ohio. It is a private for-profit school with primarily 2-year programs. It has 635 students and an admission rate of 37%. ITT Technical Institute-Hilliard has an associate's degree program in Business Administration and Management which graduated ten students in 2008.

Ohio University-Lancaster Campus - Lancaster, OH

Ohio University-Lancaster Campus, 1570 Granville Pike, Lancaster, OH 43130-1037. Ohio University-Lancaster Campus is a small university located in Lancaster, Ohio. It is a public school with primarily 4-year or above programs and has 1,868 students. Ohio University-Lancaster Campus has an associate's degree program in Business Administration and Management which graduated ten students in 2008.

Central Ohio Technical College - Newark, OH

Central Ohio Technical College, 1179 University Drive, Newark, OH 43055-1767. Central Ohio Technical College is a small college located in Newark, Ohio. It is a public school with primarily 2-year programs and has 3,584 students. Central Ohio Technical College has an associate's degree program in Business Administration and Management which graduated forty students in 2008.

University of Phoenix-Columbus Ohio Campus - Columbus, OH

University of Phoenix-Columbus Ohio Campus, 8415 Pulsar Place, Columbus, OH 43240-4032. University of Phoenix-Columbus Ohio Campus is a small university located in Columbus, Ohio. It is a private for-profit school with primarily 4-year or above programs and has 175 students. University of Phoenix-Columbus Ohio Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated thirty-six and fifty-five students respectively in 2008.

TechSkills-Columbus - Columbus, OH

TechSkills-Columbus, 2400 Corporate Exchange Dr Ste 270, Columbus, OH 43231. TechSkills-Columbus is a small school located in Columbus, Ohio. It is a private for-profit school with primarily less-than 2-year programs and has 74 students. TechSkills-Columbus has a less than one year program in Business Administration and Management which graduated two students in 2008.

Franklin University - Columbus, OH

Franklin University, 201 S Grant Ave, Columbus, OH 43215-5399. Franklin University is a medium sized university located in Columbus, Ohio. It is a private not-for-profit school with primarily 4-year or above programs and has 7,823 students. Franklin University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 248 students in 2008.
  • Business Administration and Management, associate's degree, bachelor's degree, and master's degree which graduated fifty-one, fifty-seven, and 278 students respectively in 2008.

Daymar College - Lancaster, OH

Daymar College, 1579 Victor Rd., Lancaster, OH 43130-1368. Daymar College is a small college located in Lancaster, Ohio. It is a private for-profit school with primarily 2-year programs and has 58 students. Daymar College has an associate's degree program in Business Administration and Management which graduated two students in 2008.

Ohio State University-Main Campus - Columbus, OH

Ohio State University-Main Campus, 190 N. Oval Mall, Columbus, OH 43210. Ohio State University-Main Campus is a large university located in Columbus, Ohio. It is a public school with primarily 4-year or above programs. It has 53,715 students and an admission rate of 62%. Ohio State University-Main Campus has 3 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree, master's degree, and doctor's degree which graduated twenty-four, twenty-seven, and thirteen students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated 157, sixty-nine, and twenty-two students respectively in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated one, 295, and six 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: Columbus, Ohio

Columbus, Ohio
Columbus, Ohio photo by Xnatedawgx

Columbus is located in Franklin County, Ohio. It has a population of over 754,885, which has grown by 6.1% in the past ten years. The cost of living index in Columbus, 82, is well below the national average. New single-family homes in Columbus cost $169,200 on average, which is well below the state average. In 2008, six hundred eighty-six new homes were constructed in Columbus, down from 1,008 the previous year.

The three big industries for women in Columbus are health care, educational services, and finance and insurance. For men, it is accommodation and food services, professional, scientific, and technical services, and construction. The average travel time to work is about 22 minutes. More than 29.0% of Columbus residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.2%, is higher than the state average.

The unemployment rate in Columbus is 8.5%, which is less than Ohio's average of 10.0%.

The percentage of Columbus residents that are affiliated with a religious congregation, 37.6%, is less than both the national and state average. Hebrew Baptist Church, Heritage Temple Freewill Baptist Church and Higher Ground Always Abounding Assembly Church are all churches located in Columbus. The largest religious groups are the Catholic Church, the United Methodist Church and the Evangelical Lutheran Church in America.

Columbus is home to the Busch Corporate Center Industrial Park and the J C Penney Catalog Outlet Store as well as Nafzger Park and Lower Scioto Park. Shopping centers in the area include Indianola Shopping Center, Ohio Stater Mall Shopping Center and Shapter Shopping Center. Visitors to Columbus can choose from Drury Inn & Suites Convention Center, Best Western Clarmont Inn and Crowne Plaza Downtown for temporary stays in the area.