Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Cost Analysts in Texas

Texas has a population of 24,782,302, which has grown by 18.85% over the past 10 years. Nicknamed the "Lone Star State," its capital is Austin, though its biggest city is Houston.

Currently, 15,070 people work as cost analysts in Texas. This is expected to grow by 29% to 19,360 people by 2016. This is better than 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 $26 per hour or $55,070 annually on average in Texas and about $27 per hour or $56,510 per year on average in the U.S. as a whole. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Texas and more than people in the Adjustment and Analysis category nationally. People working as cost analysts can fill a number of jobs, such as: environmental marketing specialist, procurement technician, and cost estimator.

In 2008, there were a total of 14,469,900 jobs in Texas. The average annual income was $37,809 in 2008, up from $36,838 in 2007. The unemployment rate in Texas was 7.6% in 2009, which has grown by 2.7% since the previous year. Roughly 23.2% of Texas residents have college degrees, which is lower than the national average.

The top industries in Texas include petroleum products merchant wholesalers, petroleum products merchant wholesalers (except bulk stations), and other basic organic chemical manufacturing. Notable tourist destinations include the Byzantine Fresco Chapel Museum, the Bayou Bend Collection and Gardens, and the Collectors Shop At The Houston Museum Of Natural Science.

CITIES WITH Cost Analyst OPPORTUNITIES IN Texas


JOB 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.

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.

Similar jobs with educational opportunities in Texas 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.

LOCATION INFORMATION: Texas

Texas
Texas photo by Flcelloguy

Texas has a population of 24,782,302, which has grown by 18.85% in the last 10 years. Nicknamed the "Lone Star State," its capital is Austin, though its biggest city is Houston. In 2008, there were a total of 14,469,900 jobs in Texas. The average annual income was $37,809 in 2008, up from $36,838 in 2007. The unemployment rate in Texas was 7.6% in 2009, which has grown by 2.7% since the previous year. Approximately 23.2% of Texas residents have college degrees, which is lower than the national average.

The top industries in Texas include petroleum products merchant wholesalers, petroleum products merchant wholesalers (except bulk stations), and other basic organic chemical manufacturing. Notable tourist destinations include the APT Galerie d' Art, the Art Car Museum, and the Byzantine Fresco Chapel Museum.