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Career and Education Opportunities for Cost Analysts in Denton, Texas

Many educational and employment opportunities exist for cost analysts in the Denton, Texas area. About 15,070 people are currently employed as cost analysts in Texas. By 2016, this is expected to grow 29% to 19,360 people employed. 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. 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.

Cost analysts earn about $26 per hour or $55,070 annually on average in Texas and about $27 per hour or $56,510 annually on average nationally. Incomes for cost analysts are better than in the overall category of Adjustment and Analysis in Texas, and better than the overall Adjustment and Analysis category nationally. Jobs in this field include: building estimator, crating and moving estimator, and project manager.

There are twenty-seven schools of higher education in the Denton area, including eleven within twenty-five miles of Denton where you can get a degree to start your career 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 Denton 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

Amberton University - Garland, TX

Amberton University, 1700 Eastgate Dr, Garland, TX 75041-5595. Amberton University is a small university located in Garland, Texas. It is a private not-for-profit school with primarily 4-year or above programs and has 1,562 students. Amberton University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated seventeen and 119 students respectively in 2008.

Everest College-Dallas - Dallas, TX

Everest College-Dallas, 6080 North Central Expressway, Dallas, TX 75206. Everest College-Dallas is a small college located in Dallas, Texas. It is a private for-profit school with primarily 2-year programs. It has 356 students and an admission rate of 62%. Everest College-Dallas has an associate's degree program in Business Administration and Management which graduated twenty-eight students in 2008.

Remington College-Dallas Campus - Garland, TX

Remington College-Dallas Campus, 1800 Eastgate Dr, Garland, TX 75041. Remington College-Dallas Campus is a small college located in Garland, Texas. It is a private for-profit school with primarily 2-year programs. It has 1,277 students and an admission rate of 75%. Remington College-Dallas Campus has an associate's degree program in Business Administration and Management which graduated fifty-eight students in 2008.

Everest College-Fort Worth - Fort Worth, TX

Everest College-Fort Worth, 5237 N Riverside Dr Ste 100, Fort Worth, TX 76137. Everest College-Fort Worth is a small college located in Fort Worth, Texas. It is a private for-profit school with primarily 2-year programs. It has 465 students and an admission rate of 51%. Everest College-Fort Worth has an associate's degree program in Business Administration and Management which graduated thirteen students in 2008.

Argosy University-Dallas - Dallas, TX

Argosy University-Dallas, 8080 Park Lane, Suite 400A, Dallas, TX 75231. Argosy University-Dallas is a small university located in Dallas, Texas. It is a private for-profit school with primarily 4-year or above programs. It has 470 students and an admission rate of 90%. Argosy University-Dallas has a master's degree program in Business/Commerce which graduated two students in 2008.

University of North Texas - Denton, TX

University of North Texas, Chestnut Ave., Denton, TX 76203-1277. University of North Texas is a large university located in Denton, Texas. It is a public school with primarily 4-year or above programs. It has 34,795 students and an admission rate of 64%. University of North Texas has 4 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and master's degree.
  • Construction Engineering Technology/Technician, bachelor's degree.
  • Business/Commerce, bachelor's degree which graduated 106 students in 2008.
  • Business Administration and Management, bachelor's degree, postbaccalaureate certificate, master's degree, and doctor's degree which graduated zero, eight, ninety-five, and two students respectively in 2008.

The University of Texas at Dallas - Richardson, TX

The University of Texas at Dallas, 800 West Campbell Road, Richardson, TX 75080-3021. The University of Texas at Dallas is a large university located in Richardson, Texas. It is a public school with primarily 4-year or above programs. It has 14,940 students and an admission rate of 54%. The University of Texas at Dallas has 3 areas of study related to Cost Analyst. They are:

  • Materials Engineering, master's degree and doctor's degree which graduated three and zero students respectively in 2008.
  • Business/Commerce, bachelor's degree and postbaccalaureate certificate which graduated 371 and fifty-eight students respectively in 2008.
  • Business Administration and Management, master's degree and doctor's degree which graduated 505 and nine students respectively in 2008.

Dallas Christian College - Dallas, TX

Dallas Christian College, 2700 Christian Pkwy, Dallas, TX 75234-7299. Dallas Christian College is a small college located in Dallas, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 310 students and an admission rate of 18%. Dallas Christian College has an associate's degree and a bachelor's degree program in Business/Commerce which graduated one and zero students respectively in 2008.

University of Phoenix-Dallas Fort Worth Campus - Dallas, TX

University of Phoenix-Dallas Fort Worth Campus, 12400 Coit Road, Churchill Towers, Suite 200, Dallas, TX 75251-2009. University of Phoenix-Dallas Fort Worth Campus is a small university located in Dallas, Texas. It is a private for-profit school with primarily 4-year or above programs and has 1,198 students. University of Phoenix-Dallas Fort Worth Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated 246 and 133 students respectively in 2008.

Collin County Community College District - Plano, TX

Collin County Community College District, 4800 Preston Park Blvd., Plano, TX 75093. Collin County Community College District is a large college located in Plano, Texas. It is a public school with primarily 2-year programs and has 21,000 students. Collin County Community College District has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 49 students in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated eight and four students respectively in 2008.

Texas Woman's University - Denton, TX

Texas Woman's University, 304 Administration Dr, Denton, TX 76201. Texas Woman's University is a large university located in Denton, Texas. It is a public school with primarily 4-year or above programs. It has 12,341 students and an admission rate of 56%. Texas Woman's University has bachelor's degree, master's degree, and post-master's certificate programs in Business Administration and Management which graduated thirty-four, 333, and zero 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: Denton, Texas

Denton, Texas
Denton, Texas photo by Nv8200p

Denton is located in Denton County, Texas. It has a population of over 119,454, which has grown by 48.3% in the past ten years. The cost of living index in Denton, 92, is below the national average. New single-family homes in Denton are priced at $265,400 on average, which is far greater than the state average. In 2008, five hundred seventy-eight new homes were constructed in Denton, down from seven hundred eighty-seven the previous year.

The top three industries for women in Denton are educational services, health care, and accommodation and food services. For men, it is educational services, construction, and accommodation and food services. The average travel time to work is about 23 minutes. More than 35.5% of Denton residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 13.5%, is higher than the state average.

The unemployment rate in Denton is 6.0%, which is less than Texas's average of 8.1%.

The percentage of Denton residents that are affiliated with a religious congregation, 34.5%, is less than both the national and state average. Pleasant Grove Baptist Church, Pleasant Grove Church and Central Baptist Church are among the churches located in Denton. The most prominent religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.

Denton is home to the Denton County Courthouse and the Daughters of the American Revolution Museum as well as Phoenix Park and Evers Park. Visitors to Denton can choose from Best Western Denton Inn and Clayton House Motel for temporary stays in the area.