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Career and Education Opportunities for Cost Analysts in Nashville-Davidson, Tennessee

If you want to be a cost analyst, the Nashville-Davidson, Tennessee area offers many opportunities both for education and employment. There are currently 3,300 jobs for cost analysts in Tennessee and this is projected to grow by 23% to 4,060 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 $24 hourly or $50,260 per year on average in Tennessee and about $27 per hour or $56,510 annually on average in the U.S. as a whole. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Tennessee earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. Jobs in this field include: project manager, estimator, and electrical estimator.

The Nashville-Davidson area is home to fifty schools of higher education, including fifteen within twenty-five miles of Nashville-Davidson 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 Nashville-Davidson 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.
  • 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

Nashville State Technical Community College - Nashville, TN

Nashville State Technical Community College, 120 White Bridge Rd, Nashville, TN 37209-4515. Nashville State Technical Community College is a medium sized college located in Nashville, Tennessee. It is a public school with primarily 2-year programs. It has 7,716 students and an admission rate of 71%. Nashville State Technical Community College has an associate's degree program in Business Administration and Management which graduated thirty-three students in 2008.

Trevecca Nazarene University - Nashville, TN

Trevecca Nazarene University, 333 Murfreesboro Rd, Nashville, TN 37210. Trevecca Nazarene University is a small university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,366 students and an admission rate of 68%. Trevecca Nazarene University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated 178 and forty-one students respectively in 2008.

Volunteer State Community College - Gallatin, TN

Volunteer State Community College, 1480 Nashville Pike, Gallatin, TN 37066-3188. Volunteer State Community College is a medium sized college located in Gallatin, Tennessee. It is a public school with primarily 2-year programs. It has 7,241 students and an admission rate of 100%. Volunteer State Community College has an associate's degree program in Business Administration and Management which graduated seventy students in 2008.

ITT Technical Institute-Nashville - Nashville, TN

ITT Technical Institute-Nashville, 2845 Elm Hill Pike, Nashville, TN 37214-3717. ITT Technical Institute-Nashville is a small school located in Nashville, Tennessee. It is a private for-profit school with primarily 4-year or above programs. It has 1,057 students and an admission rate of 53%. ITT Technical Institute-Nashville has a bachelor's degree program in Business Administration and Management.

Lipscomb University - Nashville, TN

Lipscomb University, One University Park Drive, Nashville, TN 37204-3951. Lipscomb University is a small university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,054 students and an admission rate of 75%. Lipscomb University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, master's degree which graduated 6 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated twenty and zero students respectively in 2008.

National College of Business and Technology-Nashville - Nashville, TN

National College of Business and Technology-Nashville, 3748 Nolensville Pk, Nashville, TN 37211. National College of Business and Technology-Nashville is a small college located in Nashville, Tennessee. It is a private for-profit school with primarily 2-year programs and has 1,353 students. National College of Business and Technology-Nashville has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, one to two year which graduated 7 students in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated zero and twenty-nine students respectively in 2008.

Cumberland University - Lebanon, TN

Cumberland University, One Cumberland Square, Lebanon, TN 37087. Cumberland University is a small university located in Lebanon, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,351 students and an admission rate of 59%. Cumberland University has an associate's degree and a bachelor's degree program in Business/Commerce.

Free Will Baptist Bible College - Nashville, TN

Free Will Baptist Bible College, 3606 West End Ave, Nashville, TN 37205-0117. Free Will Baptist Bible College is a small college located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs and has 313 students. Free Will Baptist Bible College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated two and nine students respectively in 2008.

Vanderbilt University - Nashville, TN

Vanderbilt University, 2101 West End Avenue, Nashville, TN 37240. Vanderbilt University is a large university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,093 students and an admission rate of 25%. Vanderbilt University has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree.
  • Business Administration and Management, master's degree and doctor's degree which graduated thirteen and zero students respectively in 2008.

Middle Tennessee State University - Murfreesboro, TN

Middle Tennessee State University, 1301 East Main Street, Murfreesboro, TN 37132. Middle Tennessee State University is a large university located in Murfreesboro, Tennessee. It is a public school with primarily 4-year or above programs. It has 23,872 students and an admission rate of 65%. Middle Tennessee State University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated 185 and 117 students respectively in 2008.

Fisk University - Nashville, TN

Fisk University, 1000 17th Ave N, Nashville, TN 37208-4501. Fisk University is a small university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 726 students and an admission rate of 54%. Fisk University has a bachelor's degree program in Business/Commerce which graduated one student in 2008.

University of Phoenix-Nashville Campus - Nashville, TN

University of Phoenix-Nashville Campus, 616 Marriott Drive, Suite 150, Nashville, TN 37214-5048. University of Phoenix-Nashville Campus is a small university located in Nashville, Tennessee. It is a private for-profit school with primarily 4-year or above programs and has 761 students. University of Phoenix-Nashville Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated sixty-eight and ninety students respectively in 2008.

Belmont University - Nashville, TN

Belmont University, 1900 Belmont Blvd, Nashville, TN 37212-3757. Belmont University is a small university located in Nashville, Tennessee. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,075 students and an admission rate of 63%. Belmont University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated two and sixty-one students respectively in 2008.

Tennessee State University - Nashville, TN

Tennessee State University, 3500 John Merritt Blvd, Nashville, TN 37209-1561. Tennessee State University is a medium sized university located in Nashville, Tennessee. It is a public school with primarily 4-year or above programs. It has 8,005 students and an admission rate of 46%. Tennessee State University has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 6 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated 121 and thirty-nine students respectively in 2008.

Draughons Junior College-Murfreesboro - Murfreesboro, TN

Draughons Junior College-Murfreesboro, 415 Golden Bear Court, Murfreesboro, TN 37128. Draughons Junior College-Murfreesboro is a small college located in Murfreesboro, Tennessee. It is a private for-profit school with primarily 2-year programs and has 570 students. Draughons Junior College-Murfreesboro has less than one year, one to two year, and associate's degree programs in Business Administration and Management which graduated zero, one, and fourteen 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: Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee
Nashville-Davidson, Tennessee photo by Kaldari

Nashville-Davidson is located in Williamson County, Tennessee. It has a population of over 596,462, which has grown by 9.3% over the last ten years. The cost of living index in Nashville-Davidson, 86, is well below the national average. New single-family homes in Nashville-Davidson are priced at $196,100 on average, which is well above the state average. In 2008, 1,483 new homes were constructed in Nashville-Davidson, down from 3,070 the previous year.

The three big industries for women in Nashville-Davidson are health care, educational services, and accommodation and food services. For men, it is construction, health care, and professional, scientific, and technical services. The average travel time to work is about 23 minutes. More than 29.7% of Nashville-Davidson residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.0%, is higher than the state average.

The percentage of Nashville-Davidson residents that are affiliated with a religious congregation, 55.2%, is more than both the national and state average. The most common religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.