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Career and Education Opportunities for Cost Analysts in Oklahoma City, Oklahoma

Cost analysts can find both educational opportunities and jobs in the Oklahoma City, Oklahoma area. About 1,650 people are currently employed as cost analysts in Oklahoma. By 2016, this is expected to grow by 22% to 2,020 people employed. 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%. 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.

A person working as a cost analyst can expect to earn about $23 per hour or $48,450 annually on average in Oklahoma and about $27 hourly or $56,510 yearly on average in the U.S. as a whole. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Oklahoma and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: construction estimator, sales engineer, and job estimator.

The Oklahoma City area is home to forty-four schools of higher education, including twenty-one within twenty-five miles of Oklahoma City 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 Oklahoma City 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.
  • 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

Mid-America Christian University - Oklahoma City, OK

Mid-America Christian University, 3500 SW 119th St, Oklahoma City, OK 73170-9797. Mid-America Christian University is a small university located in Oklahoma City, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs and has 837 students. Mid-America Christian University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated eleven and forty-two students respectively in 2008.

Oklahoma City University - Oklahoma City, OK

Oklahoma City University, 2501 N Blackwelder, Oklahoma City, OK 73106-1402. Oklahoma City University is a small university located in Oklahoma City, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,897 students and an admission rate of 79%. Oklahoma City University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated one and 151 students respectively in 2008.

Redlands Community College - El Reno, OK

Redlands Community College, 1300 S Country Club Rd, El Reno, OK 73036-5304. Redlands Community College is a small college located in El Reno, Oklahoma. It is a public school with primarily 2-year programs and has 2,168 students. Redlands Community College has an associate's degree program in Business Administration and Management which graduated thirty-five students in 2008.

University of Phoenix-Oklahoma City Campus - Oklahoma City, OK

University of Phoenix-Oklahoma City Campus, 6501 N. Broadway, Suite 100, Oklahoma City, OK 73116-8244. University of Phoenix-Oklahoma City Campus is a small university located in Oklahoma City, Oklahoma. It is a private for-profit school with primarily 4-year or above programs and has 630 students. University of Phoenix-Oklahoma City Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fifty-eight and forty-five students respectively in 2008.

Chisholm Trail Technology Center - Omega, OK

Chisholm Trail Technology Center, State Highway 33, Omega, OK 73764. Chisholm Trail Technology Center is a small school located in Omega, Oklahoma. It is a public school with primarily less-than 2-year programs and has 107 students. Chisholm Trail Technology Center has a one to two year program in Business/Commerce which graduated five students in 2008.

Langston University - Langston, OK

Langston University, 102 Page Hall, Langston, OK 73050. Langston University is a small university located in Langston, Oklahoma. It is a public school with primarily 4-year or above programs and has 2,816 students. Langston University has a bachelor's degree program in Business Administration and Management which graduated seventy-two students in 2008.

University of Science and Arts of Oklahoma - Chickasha, OK

University of Science and Arts of Oklahoma, 17th Street and Grand Avenue, Chickasha, OK 73018-5322. University of Science and Arts of Oklahoma is a small university located in Chickasha, Oklahoma. It is a public school with primarily 4-year or above programs. It has 1,158 students and an admission rate of 93%. University of Science and Arts of Oklahoma has a bachelor's degree program in Business Administration and Management which graduated fifty-one students in 2008.

Oklahoma Baptist University - Shawnee, OK

Oklahoma Baptist University, 500 W University, Shawnee, OK 74804. Oklahoma Baptist University is a small university located in Shawnee, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,753 students and an admission rate of 63%. Oklahoma Baptist University has a bachelor's degree program in Business Administration and Management which graduated ten students in 2008.

University of Oklahoma Norman Campus - Norman, OK

University of Oklahoma Norman Campus, 660 Parrington Oval, Norman, OK 73019-3072. University of Oklahoma Norman Campus is a large university located in Norman, Oklahoma. It is a public school with primarily 4-year or above programs. It has 26,201 students and an admission rate of 73%. University of Oklahoma Norman Campus has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated eighty-seven, twelve, and two students respectively in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated forty-two, seventy-eight, and eleven students respectively in 2008.

Southern Nazarene University - Bethany, OK

Southern Nazarene University, 6729 NW 39th Expy, Bethany, OK 73008. Southern Nazarene University is a small university located in Bethany, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs and has 2,069 students. Southern Nazarene University has 2 areas of study related to Cost Analyst. They are:

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

DeVry University-Oklahoma - Oklahoma City, OK

DeVry University-Oklahoma, 4013 NW Expressway, Oklahoma City, OK 73116. DeVry University-Oklahoma is a small university located in Oklahoma City, Oklahoma. It is a private for-profit school with primarily 4-year or above programs. It has 64 students and an admission rate of 89%. DeVry University-Oklahoma has a bachelor's degree and a master's degree program in Business Administration and Management which graduated zero and four students respectively in 2008.

Southwestern Christian University - Bethany, OK

Southwestern Christian University, 7210 NW 39th Expressway, Bethany, OK 73008. Southwestern Christian University is a small university located in Bethany, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs. It has 282 students and an admission rate of 69%. Southwestern Christian University has a bachelor's degree program in Business Administration and Management which graduated eleven students in 2008.

Family of Faith College - Shawnee, OK

Family of Faith College, 30 Kinville, Shawnee, OK 74802. Family of Faith College is a small college located in Shawnee, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs. It has 22 students and an admission rate of 100%. Family of Faith College has a bachelor's degree program in Business Administration and Management which graduated four students in 2008.

Hillsdale Free Will Baptist College - Moore, OK

Hillsdale Free Will Baptist College, 3701 S I-35 Service Road, Moore, OK 73160. Hillsdale Free Will Baptist College is a small college located in Moore, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs. It has 248 students and an admission rate of 64%. Hillsdale Free Will Baptist College has an associate's degree and a bachelor's degree program in Business/Commerce which graduated one and ten students respectively in 2008.

Rose State College - Midwest City, OK

Rose State College, 6420 S E 15th, Midwest City, OK 73110-2799. Rose State College is a medium sized college located in Midwest City, Oklahoma. It is a public school with primarily 2-year programs and has 8,427 students. Rose State College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 78 students in 2008.
  • Business Administration and Management, associate's degree which graduated 14 students in 2008.

Saint Gregorys University - Shawnee, OK

Saint Gregorys University, 1900 W MacArthur, Shawnee, OK 74804. Saint Gregorys University is a small university located in Shawnee, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs. It has 705 students and an admission rate of 97%. Saint Gregorys 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 thirteen students respectively in 2008.
  • Business Administration and Management, associate's degree and bachelor's degree which graduated thirty-three and fifty-seven students respectively in 2008.

Oklahoma City Community College - Oklahoma City, OK

Oklahoma City Community College, 7777 S May Ave, Oklahoma City, OK 73159-9987. Oklahoma City Community College is a large college located in Oklahoma City, Oklahoma. It is a public school with primarily 2-year programs and has 12,550 students. Oklahoma City Community College has an associate's degree program in Business/Commerce which graduated 129 students in 2008.

Oklahoma Christian University - Edmond, OK

Oklahoma Christian University, 2501 E Memorial Rd, Edmond, OK 73013-1100. Oklahoma Christian University is a small university located in Edmond, Oklahoma. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,161 students and an admission rate of 56%. Oklahoma Christian University has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 10 students in 2008.
  • Business/Commerce, master's degree which graduated 94 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 14 students in 2008.

University of Central Oklahoma - Edmond, OK

University of Central Oklahoma, 100 N University Dr, Edmond, OK 73034. University of Central Oklahoma is a large university located in Edmond, Oklahoma. It is a public school with primarily 4-year or above programs. It has 13,724 students and an admission rate of 69%. University of Central Oklahoma has a bachelor's degree and a master's degree program in Business Administration and Management which graduated 243 and seventy students respectively in 2008.

Moore Norman Technology Center - Norman, OK

Moore Norman Technology Center, 4701 12th Avenue NW, Norman, OK 73069-8399. Moore Norman Technology Center is a small school located in Norman, Oklahoma. It is a public school with primarily 2-year programs. It has 857 students and an admission rate of 61%. Moore Norman Technology Center has a one to two year program in Business Administration and Management which graduated seven students in 2008.

Oklahoma State University-Oklahoma City - Oklahoma City, OK

Oklahoma State University-Oklahoma City, 900 N Portland, Oklahoma City, OK 73107-6195. Oklahoma State University-Oklahoma City is a medium sized university located in Oklahoma City, Oklahoma. It is a public school with primarily 4-year or above programs and has 5,912 students. Oklahoma State University-Oklahoma City has an associate's degree program in Construction Engineering Technology/Technician which graduated seven 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: Oklahoma City, Oklahoma

Oklahoma City, Oklahoma
Oklahoma City, Oklahoma photo by CPacker

Oklahoma City is located in Oklahoma County, Oklahoma. It has a population of over 551,789, which has grown by 9.0% in the past ten years. The cost of living index in Oklahoma City, 82, is well below the national average. New single-family homes in Oklahoma City cost $142,600 on average, which is below the state average. In 2008, 1,474 new homes were built in Oklahoma City, down from 2,559 the previous year.

The three most popular industries for women in Oklahoma City are health care, educational services, and accommodation and food services. For men, it is construction, public administration, and accommodation and food services. The average travel time to work is about 21 minutes. More than 24.0% of Oklahoma City residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.1%, is higher than the state average.

The unemployment rate in Oklahoma City is 6.5%, which is less than Oklahoma's average of 7.1%.

The percentage of Oklahoma City residents that are affiliated with a religious congregation, 65.7%, is more than both the national and state average. Grace Place Baptist Church, Grace Presbyterian Church and Grace United Methodist Church are some of the churches located in Oklahoma City. The most prominent religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.

Oklahoma City is home to the Colonial Square and the 50 Penn Place as well as Rotary Park and River Park. Shopping malls in the area include 240 Plaza Shopping Center, 74 South Shopping Center and Council Crossings Shopping Center. Visitors to Oklahoma City can choose from Rodeway Inn Oklahoma City, Harvey Janitorial Sales and Market Source for temporary stays in the area.