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Career and Education Opportunities for Cost Analysts in Austin, Texas

If you want to be a cost analyst, the Austin, Texas area offers many opportunities both for education and employment. There are currently 15,070 jobs for cost analysts in Texas and this is projected to grow 29% to 19,360 jobs by 2016. This is better than 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 $26 per hour or $55,070 per year on average in Texas. Nationally, their income is about $27 hourly or $56,510 per year. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Texas and better than general Adjustment and Analysis category earnings nationally. People working as cost analysts can fill a number of jobs, such as: procurement technician, environmental marketing specialist, and estimator project manager.

The Austin area is home to thirty-five schools of higher education, including nine within twenty-five miles of Austin 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 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 Austin 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

National American University-Austin - Austin, TX

National American University-Austin, 13801 North Mo Pac Expressway Suite 300, Austin, TX 78727. National American University-Austin is a small university located in Austin, Texas. It is a private for-profit school with primarily 4-year or above programs and has 56 students. National American University-Austin has an associate's degree and a bachelor's degree program in Business Administration and Management.

Concordia University Texas - Austin, TX

Concordia University Texas, 11400 Concordia University Dr., Austin, TX 78726. Concordia University Texas is a small university located in Austin, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,147 students and an admission rate of 66%. Concordia University Texas has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 51 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 13 students in 2008.

Saint Edward's University - Austin, TX

Saint Edward's University, 3001 S Congress Ave, Austin, TX 78704. Saint Edward's University is a medium sized university located in Austin, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,348 students and an admission rate of 64%. Saint Edward's University has bachelor's degree, postbaccalaureate certificate, and master's degree programs in Business Administration and Management which graduated ten, one, and 159 students respectively in 2008.

Huston-Tillotson University - Austin, TX

Huston-Tillotson University, 900 Chicon St, Austin, TX 78702-2795. Huston-Tillotson University is a small university located in Austin, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 785 students and an admission rate of 56%. Huston-Tillotson University has a bachelor's degree program in Business Administration and Management.

The University of Texas at Austin - Austin, TX

The University of Texas at Austin, , Austin, TX 78712. The University of Texas at Austin is a large university located in Austin, Texas. It is a public school with primarily 4-year or above programs. It has 49,984 students and an admission rate of 44%. The University of Texas at Austin has 4 areas of study related to Cost Analyst. They are:

  • Materials Engineering, master's degree and doctor's degree which graduated two and fourteen students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated 181, forty-six, and twenty-one students respectively in 2008.
  • Business/Commerce, bachelor's degree, master's degree, and doctor's degree which graduated 112, two, and nine students respectively in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated forty-one, 607, and two students respectively in 2008.

Texas State University-San Marcos - San Marcos, TX

Texas State University-San Marcos, 601 University Dr, San Marcos, TX 78666. Texas State University-San Marcos is a large university located in San Marcos, Texas. It is a public school with primarily 4-year or above programs. It has 29,125 students and an admission rate of 74%. Texas State University-San Marcos has 3 areas of study related to Cost Analyst. They are:

  • Manufacturing Engineering, bachelor's degree which graduated 16 students in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree which graduated 39 students in 2008.
  • Business Administration and Management, one to two year, bachelor's degree, and master's degree which graduated seven, three, and ninety-three students respectively in 2008.

Austin Community College District - Austin, TX

Austin Community College District, 5930 Middle Fiskville Rd, Austin, TX 78752. Austin Community College District is a large college located in Austin, Texas. It is a public school with primarily 2-year programs and has 35,798 students. Austin Community College District has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 105 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated thirty-two and seventeen students respectively in 2008.

Southwestern University - Georgetown, TX

Southwestern University, 1001 University Ave, Georgetown, TX 78626. Southwestern University is a small university located in Georgetown, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,270 students and an admission rate of 65%. Southwestern University has a bachelor's degree program in Business/Commerce which graduated four students in 2008.

University of Phoenix-Austin Campus - Austin, TX

University of Phoenix-Austin Campus, 10801-2 N. MoPac Suite 300, Austin, TX 78759-5459. University of Phoenix-Austin Campus is a small university located in Austin, Texas. It is a private for-profit school with primarily 4-year or above programs and has 331 students. University of Phoenix-Austin Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated twenty-two and thirty 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: Austin, Texas

Austin, Texas
Austin, Texas photo by Wikidiculous

Austin is located in Travis County, Texas. It has a population of over 757,688, which has grown by 15.4% over the last ten years. The cost of living index in Austin, 88, is well below the national average. New single-family homes in Austin are valued at $139,500 on average, which is well below the state average. In 2008, 1,928 new homes were constructed in Austin, down from 3,155 the previous year.

The three big industries for women in Austin are educational services, health care, and professional, scientific, and technical services. For men, it is construction, professional, scientific, and technical services, and accommodation and food services. The average commute to work is about 22 minutes. More than 40.4% of Austin residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 14.7%, is higher than the state average.

The unemployment rate in Austin is 6.5%, which is less than Texas's average of 8.1%.

The percentage of Austin residents that are affiliated with a religious congregation, 46.2%, is less than both the national and state average. Pilgrim Rest Primitive Baptist Church, Adam and Eve Garden Baptist Church and Pleasant Hill Baptist Church are all churches located in Austin. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Austin is home to the Morris Williams Golf Course and the Sixth Street Historic District as well as Wild Basin Wilderness Park and Rudolph Gamblin Field. Shopping centers in the area include Capital Plaza Shopping Center, Capital Plaza Shopping Center and Lamar Plaza Shopping Center. Visitors to Austin can choose from Club Hotel by Doubletree Austin University Area, Austin Folk House and AmeriPark at Austin for temporary stays in the area.