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Career and Education Opportunities for Cost Analysts in Arlington, Virginia

Cost analysts can find both educational opportunities and jobs in the Arlington, Virginia area. The national trend for cost analysts 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.

Cost analysts earn approximately $26 hourly or $54,680 annually on average in Virginia. Nationally they average about $27 hourly or $56,510 yearly. Earnings for cost analysts are not quite as good as earnings in the general category of Adjustment and Analysis in Virginia and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: estimator project manager, construction job cost estimator, and electrical estimator.

There are thirty-seven schools within twenty-five miles of Arlington where you can study to be a cost analyst, among eighty-seven schools of higher education total in the Arlington area. 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 Arlington 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

Argosy University-Washington D.C. - Arlington, VA

Argosy University-Washington D.C., 1550 Wilson Boulevard, Suite 600, Arlington, VA 22209. Argosy University-Washington D.C. is a small university located in Arlington, Virginia. It is a private for-profit school with primarily 4-year or above programs. It has 1,139 students and an admission rate of 73%. Argosy University-Washington D.C. has bachelor's degree, master's degree, and doctor's degree programs in Business/Commerce which graduated one, one, and one students respectively in 2008.

Marymount University - Arlington, VA

Marymount University, 2807 N Glebe Rd, Arlington, VA 22207-4299. Marymount University is a small university located in Arlington, Virginia. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,541 students and an admission rate of 84%. Marymount University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated seventy-nine and seventy-nine students respectively in 2008.

University of Maryland-University College - Adelphi, MD

University of Maryland-University College, 3501 University Blvd East, Adelphi, MD 20783-8010. University of Maryland-University College is a large university located in Adelphi, Maryland. It is a public school with primarily 4-year or above programs and has 34,130 students. University of Maryland-University College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, doctor's degree which graduated 14 students in 2008.
  • Business Administration and Management, two to four year, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated sixty-one, one, seven, and 1,067 students respectively in 2008.

University of Phoenix-Northern Virginia Campus - Reston, VA

University of Phoenix-Northern Virginia Campus, 11730 Plaza America Drive, Suite 200, Reston, VA 20190-4742. University of Phoenix-Northern Virginia Campus is a small university located in Reston, Virginia. It is a private for-profit school with primarily 4-year or above programs and has 333 students. University of Phoenix-Northern Virginia Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated sixty-seven and forty-one students respectively in 2008.

Bowie State University - Bowie, MD

Bowie State University, 14000 Jericho Park Rd, Bowie, MD 20715-9465. Bowie State University is a medium sized university located in Bowie, Maryland. It is a public school with primarily 4-year or above programs. It has 5,541 students and an admission rate of 85%. Bowie State University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, master's degree which graduated 16 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 173 students in 2008.

Capitol College - Laurel, MD

Capitol College, 11301 Springfield Rd, Laurel, MD 20708. Capitol College is a small college located in Laurel, Maryland. It is a private not-for-profit school with primarily 4-year or above programs. It has 701 students and an admission rate of 38%. Capitol College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated one and six students respectively in 2008.

Potomac College - Herndon, VA

Potomac College, 1029 Herndon Pkwy, Herndon, VA 20170. Potomac College is a small college located in Herndon, Virginia. It is a private for-profit school with primarily 4-year or above programs and has 83 students. Potomac College has less than one year, associate's degree, and bachelor's degree programs in Business Administration and Management which graduated zero, zero, and three students respectively in 2008.

Potomac College - Washington, DC

Potomac College, 4000 Chesapeake St NW, Washington, DC 20016. Potomac College is a small college located in Washington, District of Columbia. It is a private for-profit school with primarily 4-year or above programs and has 374 students. Potomac College has less than one year, associate's degree, and bachelor's degree programs in Business Administration and Management which graduated thirteen, zero, and sixty students respectively in 2008.

University of Phoenix-Maryland Campus - Columbia, MD

University of Phoenix-Maryland Campus, 8830 Stanford Blvd., Suite 100, Columbia, MD 21045-5424. University of Phoenix-Maryland Campus is a small university located in Columbia, Maryland. It is a private for-profit school with primarily 4-year or above programs and has 694 students. University of Phoenix-Maryland Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated ninety-eight and 130 students respectively in 2008.

Everest College-McLean - McLean, VA

Everest College-McLean, 1430 Spring Hill Rd Suite 200, McLean, VA 22102-3000. Everest College-McLean is a small college located in McLean, Virginia. It is a private for-profit school with primarily 2-year programs. It has 413 students and an admission rate of 56%. Everest College-McLean has a one to two year program in Business Administration and Management which graduated four students in 2008.

Columbia Union College - Takoma Park, MD

Columbia Union College, 7600 Flower Ave, Takoma Park, MD 20912. Columbia Union College is a small college located in Takoma Park, Maryland. It is a private not-for-profit school with primarily 4-year or above programs and has 974 students. Columbia Union College has a bachelor's degree and a master's degree program in Business Administration and Management which graduated twenty-six and forty-seven students respectively in 2008.

Howard Community College - Columbia, MD

Howard Community College, 10901 Little Patuxent Pkwy, Columbia, MD 21044-3197. Howard Community College is a medium sized college located in Columbia, Maryland. It is a public school with primarily 2-year programs and has 7,905 students. Howard Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 59 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated two and eleven students respectively in 2008.

Trinity Washington University - Washington, DC

Trinity Washington University, 125 Michigan Ave NE, Washington, DC 20017-1094. Trinity Washington University is a small university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,734 students and an admission rate of 74%. Trinity Washington University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated zero and ten students respectively in 2008.

Georgetown University - Washington, DC

Georgetown University, 37th and O St NW, Washington, DC 20057. Georgetown University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 15,318 students and an admission rate of 19%. Georgetown University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fifty-seven and 291 students respectively in 2008.

University of Phoenix-Washington DC Campus - Washington, DC

University of Phoenix-Washington DC Campus, 25 Massachusetts Avenue NW, Washington, DC 20001-1431. University of Phoenix-Washington DC Campus is a small university located in Washington, District of Columbia. It is a private for-profit school with primarily 4-year or above programs and has 20 students. University of Phoenix-Washington DC Campus has a bachelor's degree program in Business Administration and Management which graduated three students in 2008.

Howard University - Washington, DC

Howard University, 2400 Sixth St NW, Washington, DC 20059-0001. Howard University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,696 students and an admission rate of 49%. Howard University 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 thirteen, four, and one students respectively in 2008.
  • Business Administration and Management, master's degree which graduated 59 students in 2008.

University of Maryland-Baltimore County - Baltimore, MD

University of Maryland-Baltimore County, 1000 Hilltop Circle, Baltimore, MD 21250. University of Maryland-Baltimore County is a large university located in Baltimore, Maryland. It is a public school with primarily 4-year or above programs. It has 12,268 students and an admission rate of 72%. University of Maryland-Baltimore County has bachelor's degree, postbaccalaureate certificate, master's degree, and doctor's degree programs in Mechanical Engineering which graduated seventy-one, two, sixteen, and six students respectively in 2008.

Everest College-Arlington - Arlington, VA

Everest College-Arlington, 801 N Quincy St-Ste 500, Arlington, VA 22203. Everest College-Arlington is a small college located in Arlington, Virginia. It is a private for-profit school with primarily 2-year programs. It has 285 students and an admission rate of 65%. Everest College-Arlington has an associate's degree program in Business Administration and Management which graduated twenty-four students in 2008.

University of the District of Columbia - Washington, DC

University of the District of Columbia, 4200 Connecticut Ave NW, Washington, DC 20008. University of the District of Columbia is a medium sized university located in Washington, District of Columbia. It is a public school with primarily 4-year or above programs and has 5,339 students. University of the District of Columbia has 4 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 5 students in 2008.
  • Construction Engineering Technology/Technician, bachelor's degree.
  • Business/Commerce, associate's degree and master's degree which graduated twenty-two and twenty-two students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated thirty-five and zero students respectively in 2008.

Prince George's Community College - Largo, MD

Prince George's Community College, 301 Largo Rd, Largo, MD 20774-2199. Prince George's Community College is a large college located in Largo, Maryland. It is a public school with primarily 2-year programs and has 12,005 students. Prince George's Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 75 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated ten and thirty-eight students respectively in 2008.

College of Southern Maryland - La Plata, MD

College of Southern Maryland, 8730 Mitchell Rd, La Plata, MD 20646-0910. College of Southern Maryland is a medium sized college located in La Plata, Maryland. It is a public school with primarily 2-year programs and has 8,240 students. College of Southern Maryland has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 93 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated nine and forty-three students respectively in 2008.

Stratford University - Falls Church, VA

Stratford University, 7777 Leesburg Pike, Falls Church, VA 22043-2403. Stratford University is a small university located in Falls Church, Virginia. It is a private for-profit school with primarily 4-year or above programs and has 1,644 students. Stratford University 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, bachelor's degree and master's degree which graduated fourteen and thirty-one students respectively in 2008.

George Washington University - Washington, DC

George Washington University, 2121 I Street, NW, Washington, DC 20052. George Washington University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 25,027 students and an admission rate of 37%. George Washington University has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree and postbaccalaureate certificate which graduated sixteen and one students respectively in 2008.
  • Business/Commerce, bachelor's degree which graduated 14 students in 2008.
  • Business Administration and Management, master's degree and doctor's degree which graduated 402 and six students respectively in 2008.

Catholic University of America - Washington, DC

Catholic University of America, 620 Michigan Avenue, NE, Washington, DC 20064. Catholic University of America is a medium sized university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,705 students and an admission rate of 81%. Catholic University of America 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 seven, three, and one students respectively in 2008.
  • Business Administration and Management, bachelor's degree which graduated 9 students in 2008.

University of Maryland-College Park - College Park, MD

University of Maryland-College Park, , College Park, MD 20742. University of Maryland-College Park is a large university located in College Park, Maryland. It is a public school with primarily 4-year or above programs. It has 37,000 students and an admission rate of 39%. University of Maryland-College Park has 4 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree, master's degree, and doctor's degree which graduated eight, one, and seven students respectively in 2008.
  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated 170, twenty-four, and twenty-three students respectively in 2008.
  • Business/Commerce, bachelor's degree, master's degree, and doctor's degree which graduated seventy-eight, seventy-seven, and thirteen students respectively in 2008.
  • Business Administration and Management, master's degree which graduated 534 students in 2008.

American University - Washington, DC

American University, 4400 Massachusetts Ave NW, Washington, DC 20016-8001. American University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,684 students and an admission rate of 53%. American University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated three and 115 students respectively in 2008.

DeVry University-Virginia - Arlington, VA

DeVry University-Virginia, 2450 Crystal Drive, Arlington, VA 22202-3843. DeVry University-Virginia is a small university located in Arlington, Virginia. It is a private for-profit school with primarily 4-year or above programs. It has 739 students and an admission rate of 93%. DeVry University-Virginia has a bachelor's degree and a master's degree program in Business Administration and Management which graduated twelve and thirty-three students respectively in 2008.

Strayer University - Washington, DC

Strayer University, 1133 15th St NW, Washington, DC 20005. Strayer University is a large university located in Washington, District of Columbia. It is a private for-profit school with primarily 4-year or above programs and has 41,565 students. Strayer University has less than one year, associate's degree, bachelor's degree, postbaccalaureate certificate, and master's degree programs in Business Administration and Management which graduated seventeen, seven, nineteen, twenty-one, and twenty students respectively in 2008.

George Mason University - Fairfax, VA

George Mason University, 4400 University Dr, Fairfax, VA 22030-4444. George Mason University is a large university located in Fairfax, Virginia. It is a public school with primarily 4-year or above programs. It has 30,800 students and an admission rate of 63%. George Mason University 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 nine and 136 students respectively in 2008.

DeVry University-Maryland - Bethesda, MD

DeVry University-Maryland, 4550 Montgomery Ave, Suite 100 North, Bethesda, MD 20814-3304. DeVry University-Maryland is a small university located in Bethesda, Maryland. It is a private for-profit school with primarily 4-year or above programs. It has 99 students and an admission rate of 92%. DeVry University-Maryland has a bachelor's degree and a master's degree program in Business Administration and Management which graduated one and fourteen students respectively in 2008.

Montgomery College - Rockville, MD

Montgomery College, 40 W. Gude Drive, Suite 220, Rockville, MD 20850. Montgomery College is a large college located in Rockville, Maryland. It is a public school with primarily 2-year programs and has 24,452 students. Montgomery College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 327 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated eleven and two students respectively in 2008.

ITT Technical Institute-Springfield - Springfield, VA

ITT Technical Institute-Springfield, 7300 Boston Blvd, Springfield, VA 22153. ITT Technical Institute-Springfield is a small school located in Springfield, Virginia. It is a private for-profit school with primarily 4-year or above programs. It has 744 students and an admission rate of 51%. ITT Technical Institute-Springfield has a bachelor's degree program in Business Administration and Management.

Anne Arundel Community College - Arnold, MD

Anne Arundel Community College, 101 College Pky, Arnold, MD 21012-1895. Anne Arundel Community College is a large college located in Arnold, Maryland. It is a public school with primarily 2-year programs and has 15,149 students. Anne Arundel Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 103 students in 2008.
  • Business Administration and Management, one to two year and associate's degree which graduated eighty-three and seventy-six students respectively in 2008.

Sanford-Brown College - Vienna, VA

Sanford-Brown College, 1980 Gallows Rd, Vienna, VA 22182. Sanford-Brown College is a small college located in Vienna, Virginia. It is a private for-profit school with primarily 4-year or above programs and has 736 students. Sanford-Brown College has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated twelve and four students respectively in 2008.

ITT Technical Institute-Chantilly - Chantilly, VA

ITT Technical Institute-Chantilly, 14420 Albemarle Point Pl, Ste100, Chantilly, VA 20151. ITT Technical Institute-Chantilly is a small school located in Chantilly, Virginia. It is a private for-profit school with primarily 4-year or above programs. It has 521 students and an admission rate of 44%. ITT Technical Institute-Chantilly has a bachelor's degree program in Business Administration and Management.

Northern Virginia Community College - Annandale, VA

Northern Virginia Community College, 4001 Wakefield Chapel Rd, Annandale, VA 22003-3796. Northern Virginia Community College is a large college located in Annandale, Virginia. It is a public school with primarily 2-year programs and has 41,870 students. Northern Virginia Community College has an associate's degree program in Business Administration and Management which graduated 620 students in 2008.

Gallaudet University - Washington, DC

Gallaudet University, 800 Florida Ave, NE, Washington, DC 20002-3695. Gallaudet University is a small university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,389 students and an admission rate of 64%. Gallaudet University has a bachelor's degree program in Business Administration and Management which graduated eleven 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: Arlington, Virginia

Arlington, Virginia
Arlington, Virginia photo by Postdlf

Arlington is located in Arlington County, Virginia. It has a population of over 209,969, which has grown by 10.8% over the last ten years. The cost of living index in Arlington, 126, is far greater than the national average.

The top three industries for women in Arlington are professional, scientific, and technical services, public administration, and educational services. For men, it is professional, scientific, and technical services, public administration, and construction. The average commute to work is about 27 minutes. More than 60.2% of Arlington residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 30.6%, is higher than the state average.

The percentage of Arlington residents that are affiliated with a religious congregation, 29.2%, is less than both the national and state average. Church of the Convenant Presbyterian, Abundant Life United Holy Church and Advent Lutheran Church are among the churches located in Arlington. The largest religious groups are the Catholic Church, the United Methodist Church and the Episcopal Church.

Arlington is home to the Clarendon Metro Station and the Virginia Square-GMU Metro Station as well as Arlington House-Robert E Lee Memorial and Doctors Branch Park. Shopping centers in the area include Lee-Harrison Shopping Center, Ballston Common Shopping Center and Lucas Market Shopping Center. Visitors to Arlington can choose from Econo Lodge National Airport, Crystal Gateway Marriott and Hilton Arlington & Towers for temporary stays in the area.