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Career and Education Opportunities for Cost Analysts in Houston, Texas

Cost analysts can find many career and educational opportunities in the Houston, Texas area. There are currently 15,070 working cost analysts in Texas; this should grow by 29% to about 19,360 working cost analysts in the state 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 yearly 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 Texas earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. People working as cost analysts can fill a number of jobs, such as: construction job cost estimator, procurement technician, and building construction estimator.

The Houston area is home to eighty-one schools of higher education, including twenty within twenty-five miles of Houston 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 Houston 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

University of St Thomas - Houston, TX

University of St Thomas, 3800 Montrose Blvd, Houston, TX 77006-4696. University of St Thomas is a small university located in Houston, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,246 students and an admission rate of 81%. University of St Thomas has a bachelor's degree and a master's degree program in Business Administration and Management which graduated thirty-one and 187 students respectively in 2008.

Galveston College - Galveston, TX

Galveston College, 4015 Ave Q, Galveston, TX 77550-7496. Galveston College is a small college located in Galveston, Texas. It is a public school with primarily 2-year programs and has 2,232 students. Galveston College has a one to two year and an associate's degree program in Business Administration and Management.

University of Phoenix-Houston Westside Campus - Houston, TX

University of Phoenix-Houston Westside Campus, 11451 Katy Freeway, Suite 100, Houston, TX 77079-2004. University of Phoenix-Houston Westside Campus is a small university located in Houston, Texas. It is a private for-profit school with primarily 4-year or above programs and has 2,336 students. University of Phoenix-Houston Westside Campus has less than one year, associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated three, two, 484, and 225 students respectively in 2008.

San Jacinto Community College - Pasadena, TX

San Jacinto Community College, 8060 Spencer Hwy, Pasadena, TX 77501-2007. San Jacinto Community College is a large college located in Pasadena, Texas. It is a public school with primarily 2-year programs and has 24,677 students. San Jacinto Community College has 3 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, associate's degree which graduated 1 student in 2008.
  • Business/Commerce, associate's degree which graduated 261 students in 2008.
  • Business Administration and Management, less than one year, one to two year, and associate's degree which graduated five, fifteen, and nineteen students respectively in 2008.

University of Houston-Clear Lake - Houston, TX

University of Houston-Clear Lake, 2700 Bay Area Blvd, Houston, TX 77058-1098. University of Houston-Clear Lake is a medium sized university located in Houston, Texas. It is a public school with primarily 4-year or above programs and has 7,638 students. University of Houston-Clear Lake has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 49 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated eighty-two and 134 students respectively in 2008.

Texas Southern University - Houston, TX

Texas Southern University, 3100 Cleburne St, Houston, TX 77004. Texas Southern University is a medium sized university located in Houston, Texas. It is a public school with primarily 4-year or above programs. It has 8,062 students and an admission rate of 99%. Texas Southern University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree and master's degree.
  • Business Administration and Management, bachelor's degree and master's degree which graduated eighty-six and twenty-one students respectively in 2008.

College of the Mainland - Texas City, TX

College of the Mainland, 1200 Amburn Road, Texas City, TX 77591-2499. College of the Mainland is a small college located in Texas City, Texas. It is a public school with primarily 2-year programs and has 3,585 students. College of the Mainland has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 11 students in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated five and two students respectively in 2008.

Texas A & M University at Galveston - Galveston, TX

Texas A & M University at Galveston, 200 Seawolf Parkway, Galveston, TX 77554. Texas A & M University at Galveston is a small university located in Galveston, Texas. It is a public school with primarily 4-year or above programs. It has 1,612 students and an admission rate of 91%. Texas A & M University at Galveston has a bachelor's degree program in Business Administration and Management which graduated sixty-five students in 2008.

Alvin Community College - Alvin, TX

Alvin Community College, 3110 Mustang Rd, Alvin, TX 77511-4898. Alvin Community College is a small college located in Alvin, Texas. It is a public school with primarily 2-year programs and has 4,386 students. Alvin Community College has 2 areas of study related to Cost Analyst. They are:

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

American Intercontinental University - Houston, TX

American Intercontinental University, 9999 Richmond Avenue, Houston, TX 77042. American Intercontinental University is a small university located in Houston, Texas. It is a private for-profit school with primarily 4-year or above programs. It has 535 students and an admission rate of 29%. American Intercontinental University has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management.

Lone Star College System - The Woodlands, TX

Lone Star College System, 5000 Research Forest Drive, The Woodlands, TX 77381-4399. Lone Star College System is a large college located in The Woodlands, Texas. It is a public school with primarily 2-year programs and has 41,331 students. Lone Star College System has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 54 students in 2008.
  • Business Administration and Management, less than one year, one to two year, and associate's degree which graduated forty-four, zero, and forty students respectively in 2008.

Houston Community College System - Houston, TX

Houston Community College System, 3100 Main Street, Houston, TX 77266-7517. Houston Community College System is a large college located in Houston, Texas. It is a public school with primarily 2-year programs and has 48,087 students. Houston Community College System has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, one to two year and associate's degree which graduated one and three students respectively in 2008.
  • Business Administration and Management, less than one year, one to two year, and associate's degree which graduated forty-nine, zero, and fifty-six students respectively in 2008.

Remington College-Houston Southeast - Webster, TX

Remington College-Houston Southeast, 20985 Interstate 45 South, Webster, TX 77598. Remington College-Houston Southeast is a small college located in Webster, Texas. It is a private for-profit school with primarily 2-year programs. It has 168 students and an admission rate of 52%. Remington College-Houston Southeast has an associate's degree program in Business Administration and Management.

Remington College-North Houston Campus - Houston, TX

Remington College-North Houston Campus, 11310 Greens Crossing Blvd, Ste 300, Houston, TX 77067. Remington College-North Houston Campus is a small college located in Houston, Texas. It is a private for-profit school with primarily 2-year programs. It has 639 students and an admission rate of 96%. Remington College-North Houston Campus has an associate's degree program in Business Administration and Management which graduated nineteen students in 2008.

Houston Baptist University - Houston, TX

Houston Baptist University, 7502 Fondren Rd, Houston, TX 77074-3298. Houston Baptist University is a small university located in Houston, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,564 students and an admission rate of 46%. Houston Baptist University has 2 areas of study related to Cost Analyst. They are:

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

University of Houston-Downtown - Houston, TX

University of Houston-Downtown, 1 Main Street, Houston, TX 77002-1014. University of Houston-Downtown is a large university located in Houston, Texas. It is a public school with primarily 4-year or above programs and has 12,283 students. University of Houston-Downtown has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 75 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 91 students in 2008.

Rice University - Houston, TX

Rice University, 6100 S Main, Houston, TX 77005-1827. Rice University is a medium sized university located in Houston, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,337 students and an admission rate of 23%. Rice University has 3 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree, master's degree, and doctor's degree which graduated one, zero, and two students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated forty-three, nine, and six students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated thirty-two and 238 students respectively in 2008.

Lee College - Baytown, TX

Lee College, 511 S Whiting, Baytown, TX 77520. Lee College is a medium sized college located in Baytown, Texas. It is a public school with primarily 2-year programs and has 5,968 students. Lee College has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, less than one year which graduated 1 student in 2008.
  • Business Administration and Management, less than one year and associate's degree which graduated fourteen and 104 students respectively in 2008.

Remington College-Houston Campus - Houston, TX

Remington College-Houston Campus, 3110 Hayes Road Suite 380, Houston, TX 77082. Remington College-Houston Campus is a small college located in Houston, Texas. It is a private for-profit school with primarily 2-year programs. It has 532 students and an admission rate of 53%. Remington College-Houston Campus has an associate's degree program in Business Administration and Management which graduated ten students in 2008.

University of Houston - Houston, TX

University of Houston, 212 E. Cullen Building, Houston, TX 77204-2018. University of Houston is a large university located in Houston, Texas. It is a public school with primarily 4-year or above programs. It has 36,080 students and an admission rate of 79%. University of Houston has 4 areas of study related to Cost Analyst. They are:

  • Materials Engineering, master's degree and doctor's degree which graduated two and three students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated sixty-two, thirteen, and four students respectively in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree which graduated 61 students in 2008.
  • Business Administration and Management, master's degree which graduated 291 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: Houston, Texas

Houston, Texas
Houston, Texas photo by Hequals2henry

Houston is located in Harris County, Texas. It has a population of over 2,242,193, which has grown by 14.8% in the past ten years. The cost of living index in Houston, 89, is well below the national average. New single-family homes in Houston are valued at $173,500 on average, which is near the state average. In 2008, 3,684 new homes were constructed in Houston, down from 6,035 the previous year.

The top three industries for women in Houston are health care, educational services, and accommodation and food services. For men, it is construction, professional, scientific, and technical services, and administrative and support and waste management services. The average commute to work is about 27 minutes. More than 27.0% of Houston residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.7%, is higher than the state average.

The unemployment rate in Houston is 8.0%, which is less than Texas's average of 8.1%.

The percentage of Houston residents that are affiliated with a religious congregation, 50.4%, is more than the national average but less than the state average. El Buen Pastor United Methodist Church, 34th Temple Church of God in Christ and Pentecostal Church of God in Christ are some of the churches located in Houston. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Houston is home to the Champion Rod and Gun Club and the Independence Heights Residential Historic District as well as Hermann Park and Hennessey Park. Shopping centers in the area include Windsor Plaza Shopping Center, Meyerland Plaza Shopping Center and Meyerland Shopping Center. Visitors to Houston can choose from Capital Inn, Bradford Homesuites - Houston Galleria and Best Western Fountainview Inn and Suites for temporary stays in the area.