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Career and Education Opportunities for Cost Analysts in Plano, Texas

Plano, Texas provides a wide variety of opportunities, both career and educational, for cost analysts. 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 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.

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. 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. Cost analysts work in a variety of jobs, including: construction job cost estimator, cost estimator, and job cost estimator.

The Plano area is home to seventy-nine schools of higher education, including twenty-four within twenty-five miles of Plano where you can get a degree as a cost analyst. Cost analysts usually hold a Bachelor's degree, so you can expect to spend about four years training to become 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 Plano 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

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.

DeVry University-Texas - Irving, TX

DeVry University-Texas, 4800 Regent Blvd, Irving, TX 75063-2439. DeVry University-Texas is a small university located in Irving, Texas. It is a private for-profit school with primarily 4-year or above programs. It has 3,647 students and an admission rate of 89%. DeVry University-Texas has a bachelor's degree and a master's degree program in Business Administration and Management which graduated seventy-two and 130 students respectively in 2008.

Southern Methodist University - Dallas, TX

Southern Methodist University, 6425 Boaz St, Dallas, TX 75275-0221. Southern Methodist University is a large university located in Dallas, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,965 students and an admission rate of 50%. Southern Methodist University has 4 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated two, eighteen, and three students respectively in 2008.
  • Construction Engineering, master's degree.
  • Manufacturing Engineering, master's degree which graduated 9 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated thirty-two and three students respectively in 2008.

Remington College-Fort Worth Campus - Fort Worth, TX

Remington College-Fort Worth Campus, 300 E. Loop 820, Fort Worth, TX 76112-1225. Remington College-Fort Worth Campus is a small college located in Fort Worth, Texas. It is a private for-profit school with primarily 2-year programs. It has 503 students and an admission rate of 62%. Remington College-Fort Worth Campus has an associate's degree program in Business Administration and Management which graduated twelve students 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.

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.

Arlington Career Institute - Grand Prairie, TX

Arlington Career Institute, 901 Ave K, Grand Prairie, TX 75050. Arlington Career Institute is a small school located in Grand Prairie, Texas. It is a private for-profit school with primarily 2-year programs and has 270 students. Arlington Career Institute has a less than one year program in Business/Commerce which graduated three students in 2008.

Northwood University - Cedar Hill, TX

Northwood University, 1114 W FM 1382, Cedar Hill, TX 75104-1204. Northwood University is a small university located in Cedar Hill, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 864 students and an admission rate of 55%. Northwood University has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated eighty and three 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.

Richland College - Dallas, TX

Richland College, 12800 Abrams Rd, Dallas, TX 75243-2199. Richland College is a large college located in Dallas, Texas. It is a public school with primarily 2-year programs and has 15,917 students. Richland College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 6 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated seventeen and sixteen 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.

Eastfield College - Mesquite, TX

Eastfield College, 3737 Motley Dr, Mesquite, TX 75150-2099. Eastfield College is a large college located in Mesquite, Texas. It is a public school with primarily 2-year programs and has 10,501 students. Eastfield College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 20 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated ten and nineteen students respectively in 2008.

University of Dallas - Irving, TX

University of Dallas, 1845 E Northgate Drive, Irving, TX 75062-4736. University of Dallas is a small university located in Irving, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,977 students and an admission rate of 91%. University of Dallas has a bachelor's degree and a master's degree program in Business Administration and Management which graduated twenty-nine and 381 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.

Everest College-Arlington - Arlington, TX

Everest College-Arlington, 2801 E Division St-Ste #250, Arlington, TX 76011. Everest College-Arlington is a small college located in Arlington, Texas. It is a private for-profit school with primarily 2-year programs. It has 599 students and an admission rate of 64%. Everest College-Arlington has an associate's degree program in Business Administration and Management which graduated fifteen students in 2008.

Brookhaven College - Farmers Branch, TX

Brookhaven College, 3939 Valley View Ln, Farmers Branch, TX 75244-4997. Brookhaven College is a large college located in Farmers Branch, Texas. It is a public school with primarily 2-year programs and has 11,173 students. Brookhaven College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 14 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated twelve and twenty-eight students respectively in 2008.

Dallas Baptist University - Dallas, TX

Dallas Baptist University, 3000 Mountain Creek Parkway, Dallas, TX 75211-9299. Dallas Baptist University is a medium sized university located in Dallas, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,297 students and an admission rate of 47%. Dallas Baptist University has bachelor's degree, postbaccalaureate certificate, master's degree, and post-master's certificate programs in Business Administration and Management which graduated six, one, one, and seven 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.

El Centro College - Dallas, TX

El Centro College, 801 Main, Dallas, TX 75202-3604. El Centro College is a medium sized college located in Dallas, Texas. It is a public school with primarily 2-year programs and has 8,114 students. El Centro College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 2 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated ten and seven students respectively 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.

Mountain View College - Dallas, TX

Mountain View College, 4849 W Illinois, Dallas, TX 75211-6599. Mountain View College is a medium sized college located in Dallas, Texas. It is a public school with primarily 2-year programs and has 7,126 students. Mountain View College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 14 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated thirteen 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.

North Lake College - Irving, TX

North Lake College, 5001 N MacArthur Blvd, Irving, TX 75038-3899. North Lake College is a large college located in Irving, Texas. It is a public school with primarily 2-year programs and has 10,174 students. North Lake College has 3 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 ten students respectively in 2008.
  • Business/Commerce, one to two year and associate's degree which graduated one and nineteen students respectively in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated four and six 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: Plano, Texas

Plano, Texas
Plano, Texas photo by Jmcstrav

Plano is situated in Collin County, Texas. It has a population of over 267,480, which has grown by 20.5% in the past ten years. The cost of living index in Plano, 91, is below the national average. New single-family homes in Plano are valued at $229,500 on average, which is far greater than the state average. In 2008, three hundred sixty-eight new homes were constructed in Plano, down from five hundred forty-six the previous year.

The three big industries for women in Plano are educational services, professional, scientific, and technical services, and health care. For men, it is professional, scientific, and technical services, computer and electronic products, and finance and insurance. The average travel time to work is about 28 minutes. More than 53.3% of Plano residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 17.6%, is higher than the state average.

The unemployment rate in Plano is 7.4%, which is less than Texas's average of 8.1%.

The percentage of Plano residents that are affiliated with a religious congregation, 53.7%, is more than the national average but less than the state average. Potters House Assembly of God Church, Central Baptist Church and Preston Meadow Lutheran Church are among the churches located in Plano. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Plano is home to the Heritage Farmstead Museum and the The Shops at Willow Bend as well as Enfield Park and Buckhorn Park. Shopping malls in the area include Preston Shepard Place Shopping Center, Preston Towne Crossing Shopping Center and Collin Creek Shopping Center. Visitors to Plano can choose from Amerisuites Dallas Plano North, Best Western Park Suites Hotel and AmeriSuites Plano for temporary stays in the area.