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Career and Education Opportunities for Cost Analysts in Provo, Utah

For those living in the Provo, Utah area, there are many career and education opportunities for cost analysts. There are currently 2,630 jobs for cost analysts in Utah and this is projected to grow 45% to about 3,830 jobs 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.

Cost analysts earn about $24 hourly or $51,720 per year on average in Utah and about $27 hourly or $56,510 per year on average nationally. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Utah earn more. They earn more than people working in the overall category of Adjustment and Analysis nationally. Jobs in this field include: design consultant, construction job cost estimator, and estimator.

The Provo area is home to thirty-five schools of higher education, including twelve within twenty-five miles of Provo where you can get a degree as a cost analyst. Cost analysts usually hold a Bachelor's degree, so 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

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 Provo 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

Brigham Young University - Provo, UT

Brigham Young University, Main Campus, Provo, UT 84602. Brigham Young University is a large university located in Provo, Utah. It is a private not-for-profit school with primarily 4-year or above programs. It has 34,227 students and an admission rate of 69%. Brigham Young 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 113, thirty-four, and three students respectively in 2008.
  • Manufacturing Engineering, bachelor's degree and master's degree which graduated forty-nine and two students respectively in 2008.
  • Business/Commerce, bachelor's degree which graduated 71 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated one and 201 students respectively in 2008.

Stevens-Henager College of Business-Provo - Orem, UT

Stevens-Henager College of Business-Provo, 1476 South Sandhill Road, Orem, UT 84058. Stevens-Henager College of Business-Provo is a small college located in Orem, Utah. It is a private for-profit school with primarily 4-year or above programs. It has 215 students and an admission rate of 50%. Stevens-Henager College of Business-Provo has a bachelor's degree program in Business Administration and Management which graduated nine students in 2008.

Utah Valley University - Orem, UT

Utah Valley University, 800 W University Parkway, Orem, UT 84058-5999. Utah Valley University is a large university located in Orem, Utah. It is a public school with primarily 4-year or above programs and has 26,696 students. Utah Valley University has one to two year, associate's degree, and bachelor's degree programs in Business Administration and Management which graduated zero, eighty-three, and 225 students respectively in 2008.

Utah Career College - West Jordan, UT

Utah Career College, 1902 W 7800 S, West Jordan, UT 84088. Utah Career College is a small college located in West Jordan, Utah. It is a private for-profit school with primarily 4-year or above programs. It has 593 students and an admission rate of 95%. Utah Career College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated three and zero students respectively in 2008.

Stevens-Henager College - Murray, UT

Stevens-Henager College, 383 W Vine St, Murray, UT 84123-5671. Stevens-Henager College is a small college located in Murray, Utah. It is a private for-profit school with primarily 4-year or above programs and has 823 students. Stevens-Henager College has a master's degree program in Business Administration and Management which graduated three students in 2008.

DeVry University-Utah - Sandy, UT

DeVry University-Utah, 9350 S. 150 East, Ste. 420, Sandy, UT 84070. DeVry University-Utah is a small university located in Sandy, Utah. It is a private for-profit school with primarily 4-year or above programs. It has 55 students and an admission rate of 80%. DeVry University-Utah has a bachelor's degree and a master's degree program in Business Administration and Management which graduated zero and one students respectively in 2008.

Everest College-West Valley City - West Valley City, UT

Everest College-West Valley City, 3280 W 3500 S, West Valley City, UT 84119-2632. Everest College-West Valley City is a small college located in West Valley City, Utah. It is a private for-profit school with primarily 4-year or above programs. It has 161 students and an admission rate of 75%. Everest College-West Valley City has an associate's degree program in Business Administration and Management which graduated thirteen students in 2008.

University of Phoenix-Utah Campus - Salt Lake City, UT

University of Phoenix-Utah Campus, 5373 S. Green Street, Salt Lake City, UT 84123-4617. University of Phoenix-Utah Campus is a small university located in Salt Lake City, Utah. It is a private for-profit school with primarily 4-year or above programs and has 2,867 students. University of Phoenix-Utah Campus has associate's degree, bachelor's degree, and master's degree programs in Business Administration and Management which graduated four, 253, and 238 students respectively in 2008.

Provo College - Provo, UT

Provo College, 1450 W 820 N, Provo, UT 84601. Provo College is a small college located in Provo, Utah. It is a private for-profit school with primarily 2-year programs and has 250 students. Provo College has an associate's degree program in Business Administration and Management which graduated ten students in 2008.

Salt Lake Community College - Salt Lake City, UT

Salt Lake Community College, 4600 S Redwood Rd, Salt Lake City, UT 84123. Salt Lake Community College is a large college located in Salt Lake City, Utah. It is a public school with primarily 2-year programs and has 29,539 students. Salt Lake Community College has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, associate's degree which graduated 14 students in 2008.
  • Business/Commerce, associate's degree which graduated 250 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated three and nine students respectively in 2008.

Neumont University - South Jordan, UT

Neumont University, 10701 S. River Front Parkway, Suite 300, South Jordan, UT 84095. Neumont University is a small university located in South Jordan, Utah. It is a private for-profit school with primarily 4-year or above programs. It has 267 students and an admission rate of 39%. Neumont University has a master's degree program in Business Administration and Management which graduated ten students in 2008.

Argosy University-Salt Lake City - Draper, UT

Argosy University-Salt Lake City, 121 Election Rd Ste 300, Draper, UT 84020. Argosy University-Salt Lake City is a small university located in Draper, Utah. It is a private for-profit school with primarily 4-year or above programs. It has 64 students and an admission rate of 100%. Argosy University-Salt Lake City has bachelor's degree, master's degree, and doctor's degree programs in Business Administration and Management.

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: Provo, Utah

Provo, Utah
Provo, Utah photo by Emes

Provo is situated in Utah County, Utah. It has a population of over 118,581, which has grown by 12.8% over the last ten years. The cost of living index in Provo, 92, is below the national average. New single-family homes in Provo cost $296,100 on average, which is far greater than the state average. In 2008, fifty-seven new homes were built in Provo, down from one hundred eighty-one the previous year.

The three most popular industries for women in Provo are educational services, health care, and accommodation and food services. For men, it is educational services, construction, and professional, scientific, and technical services. The average commute to work is about 16 minutes. More than 35.7% of Provo residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.9%, is higher than the state average.

The unemployment rate in Provo is 6.4%, which is greater than Utah's average of 6.3%.

The percentage of Provo residents that are affiliated with a religious congregation, 89.9%, is more than both the national and state average. Kingdom Hall of Jehovahs Witnesses, Seventh Day Adventist Church and The Church of Jesus Christ of Latter Day Saints are all churches located in Provo. The most prominent religious groups are the LDS (Mormon) Church, the Catholic Church and the Assemblies of God.

Provo is home to the Provo Temple and the Lakeside Campground as well as Utah Lake State Park and Cougar Stadium. Visitors to Provo can choose from Amenity Motor Inn, Hines Mansion Bed & Breakfast and Travelodge for temporary stays in the area.