Career and Education Opportunities for Cost Analysts in Killeen, Texas
If you want to be a cost analyst, the Killeen, Texas area offers many opportunities both for education and employment. Currently, 15,070 people work as cost analysts in Texas. This is expected to grow 29% to 19,360 people 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%. 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.
Cost analysts earn approximately $26 hourly or $55,070 annually on average in Texas. Nationally they average about $27 per hour or $56,510 yearly. 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. Cost analysts work in a variety of jobs, including: environmental marketing specialist, job cost estimator, and crating and moving estimator.
There are six schools of higher education in the Killeen area, including four within twenty-five miles of Killeen where you can get a degree to start your career as a cost analyst. The most common level of education for cost analysts is a Bachelor's degree. It will take about four years to learn to be a cost analyst if you already have a high school diploma.
CAREER DESCRIPTION: Cost Analyst
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 Killeen 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.
- 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.
- 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
Central Texas College - Killeen, TX
Central Texas College, 6200 West Central Texas Expressway, Killeen, TX 76540-1800. Central Texas College is a large college located in Killeen, Texas. It is a public school with primarily 2-year programs and has 23,736 students. Central Texas College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, associate's degree which graduated 51 students in 2008.
- Business Administration and Management, less than one year and associate's degree which graduated sixteen and sixty students respectively in 2008.
Temple College - Temple, TX
Temple College, 2600 S 1st St, Temple, TX 76504-7435. Temple College is a medium sized college located in Temple, Texas. It is a public school with primarily 2-year programs and has 5,182 students. Temple College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, associate's degree which graduated 17 students in 2008.
- Business Administration and Management, one to two year and associate's degree which graduated twenty-eight and twenty-three students respectively in 2008.
University of Mary Hardin-Baylor - Belton, TX
University of Mary Hardin-Baylor, 900 College St, Belton, TX 76513-2599. University of Mary Hardin-Baylor is a small university located in Belton, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,701 students and an admission rate of 43%. University of Mary Hardin-Baylor has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, bachelor's degree which graduated 1 student in 2008.
- Business Administration and Management, bachelor's degree and master's degree which graduated zero and eight 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.
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: Killeen, Texas
Killeen is situated in Bell County, Texas. It has a population of over 116,934, which has grown by 34.5% over the last ten years. The cost of living index in Killeen, 80, is well below the national average. New single-family homes in Killeen are valued at $121,700 on average, which is far less than the state average. In 2008, eight hundred fifty-five new homes were built in Killeen, down from 1,278 the previous year.
The top three industries for women in Killeen are educational services, health care, and accommodation and food services. For men, it is public administration, construction, and accommodation and food services. The average commute to work is about 22 minutes. More than 15.7% of Killeen residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.4%, is lower than the state average.
The unemployment rate in Killeen is 7.4%, which is less than Texas's average of 8.1%.
The percentage of Killeen residents that are affiliated with a religious congregation, 47.9%, is less than both the national and state average. Abiding Savior Lutheran Church, Power House Church of God in Christ and Primera Iglesia Bautista Church are all churches located in Killeen. The most common religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.
Killeen is home to Long Branch Park and Long Branch Park. Visitors to Killeen can choose from Best Western Killeen, Comfort Inn and Best Value Inn & Suites for temporary stays in the area.