Career and Education Opportunities for Cost Analysts in Essex, Vermont
For those living in the Essex, Vermont area, there are many career and education opportunities for cost analysts. There are currently 650 jobs for cost analysts in Vermont and this is projected to grow by 13% to 740 jobs by 2016. This is not quite as good as 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.
Income for cost analysts is about $27 hourly or $57,310 per year on average in Vermont. Nationally, their income is about $27 per hour or $56,510 per year. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Vermont 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: job estimator, crating and moving estimator, and estimator project manager.
There are fourteen schools of higher education in the Essex area, including six within twenty-five miles of Essex 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 training to become 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 Essex 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.
EDUCATIONAL OPPORTUNITIES: Cost Analyst Training
Johnson State College - Johnson, VT
Johnson State College, 337 College Hill, Johnson, VT 05656-9464. Johnson State College is a small college located in Johnson, Vermont. It is a public school with primarily 4-year or above programs. It has 1,850 students and an admission rate of 82%. Johnson State College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, associate's degree and bachelor's degree which graduated four and twenty-five students respectively in 2008.
- Business Administration and Management, bachelor's degree which graduated 3 students in 2008.
Champlain College - Burlington, VT
Champlain College, 163 S. Willard St, Burlington, VT 05401. Champlain College is a small college located in Burlington, Vermont. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,907 students and an admission rate of 73%. Champlain College has 2 areas of study related to Cost Analyst. They are:
- Business/Commerce, less than one year and associate's degree which graduated one and thirteen students respectively in 2008.
- Business Administration and Management, less than one year, associate's degree, and bachelor's degree which graduated zero, two, and ninety students respectively in 2008.
University of Vermont - Burlington, VT
University of Vermont, 85 S Prospect St, Burlington, VT 05405-0160. University of Vermont is a large university located in Burlington, Vermont. It is a public school with primarily 4-year or above programs. It has 12,800 students and an admission rate of 65%. University of Vermont has 2 areas of study related to Cost Analyst. They are:
- Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated thirty-six, five, and one students respectively in 2008.
- Business Administration and Management, bachelor's degree and master's degree which graduated 184 and twenty students respectively in 2008.
Community College of Vermont - Waterbury, VT
Community College of Vermont, 103 South Main Street, Waterbury, VT 05676-0120. Community College of Vermont is a medium sized college located in Waterbury, Vermont. It is a public school with primarily 2-year programs and has 5,550 students. Community College of Vermont has an associate's degree program in Business/Commerce which graduated forty-six students in 2008.
Norwich University - Northfield, VT
Norwich University, 158 Harmon Drive, Northfield, VT 05663-1035. Norwich University is a small university located in Northfield, Vermont. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,322 students and an admission rate of 66%. Norwich University has 2 areas of study related to Cost Analyst. They are:
- Mechanical Engineering, bachelor's degree which graduated 21 students in 2008.
- Business Administration and Management, bachelor's degree and master's degree which graduated twenty-four and 126 students respectively in 2008.
Saint Michaels College - Colchester, VT
Saint Michaels College, One Winooski Park, Colchester, VT 05439. Saint Michaels College is a small college located in Colchester, Vermont. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,428 students and an admission rate of 69%. Saint Michaels College has bachelor's degree, master's degree, and post-master's certificate programs in Business Administration and Management which graduated four, twenty-two, and zero students respectively 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: Essex, Vermont
Essex is situated in Chittenden County, Vermont. It has a population of over 19,649, which has grown by 5.5% over the last ten years. The cost of living index in Essex, 95, is below the national average. New single-family homes in Essex cost $228,000 on average, which is below the state average. In 2008, six new homes were built in Essex, down from thirteen the previous year.
The three big industries for women in Essex are educational services, health care, and computer and electronic products. For men, it is computer and electronic products, educational services, and construction. The average travel time to work is about 19 minutes. More than 45.6% of Essex residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 17.1%, is higher than the state average.
The unemployment rate in Essex is 4.8%, which is less than Vermont's average of 5.9%. About 2.6% of Essex's residents are below the poverty line, which is better than the state average.
The percentage of Essex residents that are affiliated with a religious congregation, 39.8%, is less than both the national and state average. Federated Church, Covenant Community Church and Essex Alliance Church are among the churches located in Essex. The largest religious groups are the Catholic Church, the United Church of Christ and the United Methodist Church.
Essex is home to the Essex Free Library and the Essex Town Hall.