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Career and Education Opportunities for Cost Analysts in Salem, Oregon

For those living in the Salem, Oregon area, there are many career and education opportunities for cost analysts. There are currently 3,510 jobs for cost analysts in Oregon and this is projected to grow by 13% to 3,970 jobs 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%. 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 $27 per hour or $56,810 annually on average in Oregon. Nationally, their income is about $27 per hour or $56,510 yearly. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Oregon earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. Jobs in this field include: production cost estimator, construction job cost estimator, and quantity surveyor.

The Salem area is home to seventeen schools of higher education, including ten within twenty-five miles of Salem where you can get a degree 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 Salem 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.
  • 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.
  • 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

Willamette University - Salem, OR

Willamette University, 900 State St, Salem, OR 97301. Willamette University is a small university located in Salem, Oregon. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,720 students and an admission rate of 66%. Willamette University has a master's degree program in Business Administration and Management.

George Fox University - Newberg, OR

George Fox University, 414 N Meridian St, Newberg, OR 97132. George Fox University is a small university located in Newberg, Oregon. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,382 students and an admission rate of 83%. George Fox University has bachelor's degree, postbaccalaureate certificate, and master's degree programs in Business Administration and Management which graduated eleven, zero, and ninety-four students respectively in 2008.

Oregon State University - Corvallis, OR

Oregon State University, , Corvallis, OR 97331. Oregon State University is a large university located in Corvallis, Oregon. It is a public school with primarily 4-year or above programs. It has 20,308 students and an admission rate of 86%. Oregon State University has 4 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated eighty-nine, seventeen, and two students respectively in 2008.
  • Construction Engineering, bachelor's degree and master's degree which graduated seventy-two and six students respectively in 2008.
  • Manufacturing Engineering, bachelor's degree and master's degree which graduated eleven and six students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated one and forty-two students respectively in 2008.

Linfield College - McMinnville, OR

Linfield College, 900 SE Baker, McMinnville, OR 97128-6894. Linfield College is a small college located in McMinnville, Oregon. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,721 students and an admission rate of 79%. Linfield College has a bachelor's degree program in Business/Commerce which graduated one student in 2008.

Chemeketa Community College - Salem, OR

Chemeketa Community College, 4000 Lancaster Dr NE, Salem, OR 97305. Chemeketa Community College is a large college located in Salem, Oregon. It is a public school with primarily 2-year programs and has 7,000 students. Chemeketa Community College has an associate's degree program in Business Administration and Management which graduated six students in 2008.

Linfield College-Adult Degree Program - McMinnville, OR

Linfield College-Adult Degree Program, 900 SE Baker Street, McMinnville, OR 97128-6894. Linfield College-Adult Degree Program is a small college located in McMinnville, Oregon. It is a private not-for-profit school with primarily 4-year or above programs and has 475 students. Linfield College-Adult Degree Program has a bachelor's degree program in Business/Commerce which graduated thirty-three students in 2008.

Marylhurst University - Marylhurst, OR

Marylhurst University, 17600 Pacific Hwy - Hwy 43, Marylhurst, OR 97036-0261. Marylhurst University is a small university located in Marylhurst, Oregon. It is a private not-for-profit school with primarily 4-year or above programs and has 1,744 students. Marylhurst University has less than one year, bachelor's degree, and master's degree programs in Business Administration and Management which graduated thirteen, twenty-nine, and ninety-eight students respectively in 2008.

Clackamas Community College - Oregon City, OR

Clackamas Community College, 19600 Molalla Ave, Oregon City, OR 97045-8980. Clackamas Community College is a medium sized college located in Oregon City, Oregon. It is a public school with primarily 2-year programs and has 6,701 students. Clackamas 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.
  • Business Administration and Management, one to two year and associate's degree which graduated four and twenty-nine students respectively in 2008.

Pioneer Pacific College - Wilsonville, OR

Pioneer Pacific College, 27501 SW Parkway Ave, Wilsonville, OR 97070-9296. Pioneer Pacific College is a small college located in Wilsonville, Oregon. It is a private for-profit school with primarily 4-year or above programs and has 1,123 students. Pioneer Pacific College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated twenty-four and three students respectively in 2008.

Western Oregon University - Monmouth, OR

Western Oregon University, 345 N Monmouth Ave, Monmouth, OR 97361-1394. Western Oregon University is a medium sized university located in Monmouth, Oregon. It is a public school with primarily 4-year or above programs. It has 5,179 students and an admission rate of 44%. Western Oregon University has a bachelor's degree program in Business/Commerce which graduated 131 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: Salem, Oregon

Salem, Oregon
Salem, Oregon photo by Aboutmovies

Salem is located in Marion County, Oregon. It has a population of over 153,435, which has grown by 12.1% over the last ten years. The cost of living index in Salem, 97, is near the national average. New single-family homes in Salem are valued at $215,800 on average, which is above the state average. In 2008, two hundred sixty-nine new homes were constructed in Salem, down from five hundred forty-three the previous year.

The top three industries for women in Salem are health care, public administration, and educational services. For men, it is construction, public administration, and educational services. The average commute to work is about 22 minutes. More than 24.1% of Salem residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 8.8%, is higher than the state average.

The unemployment rate in Salem is 10.2%, which is less than Oregon's average of 10.6%.

The percentage of Salem residents that are affiliated with a religious congregation, 37.6%, is less than the national average but more than the state average. The most prominent religious groups are the Catholic Church, the LDS (Mormon) Church and the Evangelical Lutheran Church in America.

Salem is home to the Oregon Women's Correctional Center and the Oregon State Penitentiary as well as Waldo Park and Olinger Pool Park. Visitors to Salem can choose from Red Lion Hotel-Salem Reservations, Shilo Inn Salem and Econo Lodge Salem for temporary stays in the area.