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Career and Education Opportunities for Cost Analysts in Chesapeake, Virginia

Cost analysts can find both educational opportunities and jobs in the Chesapeake, 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.

Income for cost analysts is about $26 per hour or $54,680 yearly on average in Virginia. Nationally, their income is about $27 hourly or $56,510 annually. Compared with people working in the overall category of Adjustment and Analysis, people working as cost analysts in Virginia earn less. They earn more than people working in the overall category of Adjustment and Analysis nationally. Cost analysts work in a variety of jobs, including: estimator project manager, building estimator, and operations manager.

There are sixteen schools within twenty-five miles of Chesapeake where you can study to be a cost analyst, among thirty-six schools of higher education total in the Chesapeake area. The most common level of education 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

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 Chesapeake 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.
  • 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

Christopher Newport University - Newport News, VA

Christopher Newport University, 1 University Place, Newport News, VA 23606. Christopher Newport University is a small university located in Newport News, Virginia. It is a public school with primarily 4-year or above programs. It has 4,904 students and an admission rate of 56%. Christopher Newport University has a bachelor's degree program in Business Administration and Management which graduated one student in 2008.

Regent University - Virginia Beach, VA

Regent University, 1000 Regent University Dr, Virginia Beach, VA 23464. Regent University is a small university located in Virginia Beach, Virginia. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,197 students and an admission rate of 50%. Regent University has a master's degree program in Business Administration and Management which graduated sixty-seven students in 2008.

College of the Albemarle - Elizabeth City, NC

College of the Albemarle, 1208 N Road St, Elizabeth City, NC 27906-2327. College of the Albemarle is a small college located in Elizabeth City, North Carolina. It is a public school with primarily 2-year programs and has 2,329 students. College of the Albemarle has an associate's degree program in Business Administration and Management which graduated twelve students in 2008.

ECPI College of Technology - Virginia Beach, VA

ECPI College of Technology, 5555 Greenwich Rd Ste 300, Virginia Beach, VA 23462. ECPI College of Technology is a medium sized college located in Virginia Beach, Virginia. It is a private for-profit school with primarily 4-year or above programs. It has 8,934 students and an admission rate of 77%. ECPI College of Technology has a one to two year program in Business Administration and Management which graduated nine students in 2008.

Bryant and Stratton College-Virginia Beach - Virginia Beach, VA

Bryant and Stratton College-Virginia Beach, 301 Centre Pointe Dr, Virginia Beach, VA 23462. Bryant and Stratton College-Virginia Beach is a small college located in Virginia Beach, Virginia. It is a private for-profit school with primarily 4-year or above programs and has 567 students. Bryant and Stratton College-Virginia Beach has a bachelor's degree program in Business Administration and Management which graduated twenty-one students in 2008.

Elizabeth City State University - Elizabeth City, NC

Elizabeth City State University, 1704 Weeksville Rd, Elizabeth City, NC 27909. Elizabeth City State University is a small university located in Elizabeth City, North Carolina. It is a public school with primarily 4-year or above programs. It has 3,105 students and an admission rate of 80%. Elizabeth City State University has a bachelor's degree program in Business Administration and Management which graduated seventy-two students in 2008.

Tidewater Community College - Norfolk, VA

Tidewater Community College, 121 College Place, Norfolk, VA 23510. Tidewater Community College is a large college located in Norfolk, Virginia. It is a public school with primarily 2-year programs and has 25,900 students. Tidewater Community College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, one to two year.
  • Business Administration and Management, associate's degree which graduated 367 students in 2008.

Hampton University - Hampton, VA

Hampton University, , Hampton, VA 23668-0099. Hampton University is a medium sized university located in Hampton, Virginia. It is a private not-for-profit school with primarily 4-year or above programs and has an admission rate of 45%. Hampton University has a bachelor's degree and a master's degree program in Business Administration and Management which graduated eighty-eight and twenty-six students respectively in 2008.

Centura College - Virginia Beach, VA

Centura College, 2697 Dean Drive, Ste 100, Virginia Beach, VA 23452-7431. Centura College is a small college located in Virginia Beach, Virginia. It is a private for-profit school with primarily 4-year or above programs and has 1,423 students. Centura College has an associate's degree program in Business Administration and Management which graduated fifty-one students in 2008.

Norfolk State University - Norfolk, VA

Norfolk State University, 700 Park Ave, Norfolk, VA 23504-8000. Norfolk State University is a medium sized university located in Norfolk, Virginia. It is a public school with primarily 4-year or above programs. It has 6,330 students and an admission rate of 68%. Norfolk State University has 2 areas of study related to Cost Analyst. They are:

  • Construction Engineering Technology/Technician, bachelor's degree which graduated 9 students in 2008.
  • Business/Commerce, bachelor's degree which graduated 98 students in 2008.

Old Dominion University - Norfolk, VA

Old Dominion University, 5115 Hampton Blvd, Norfolk, VA 23529. Old Dominion University is a large university located in Norfolk, Virginia. It is a public school with primarily 4-year or above programs. It has 22,973 students and an admission rate of 72%. Old Dominion University has 2 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 62 students in 2008.
  • Business Administration and Management, bachelor's degree, master's degree, and doctor's degree which graduated one, eighty-nine, and ten students respectively in 2008.

Centura College - Newport News, VA

Centura College, 616 Denbigh Blvd, Newport News, VA 23608. Centura College is a small college located in Newport News, Virginia. It is a private for-profit school with primarily 2-year programs and has 224 students. Centura College has an associate's degree program in Business Administration and Management which graduated thirty-three students in 2008.

Centura College - Chesapeake, VA

Centura College, 932 Ventures Way, Chesapeake, VA 23320. Centura College is a small college located in Chesapeake, Virginia. It is a private for-profit school with primarily 2-year programs and has 44 students. Centura College has a one to two year and an associate's degree program in Business Administration and Management which graduated sixteen and seventeen students respectively in 2008.

ITT Technical Institute-Norfolk - Norfolk, VA

ITT Technical Institute-Norfolk, 863 Glenrock Rd, Ste 100, Norfolk, VA 23502-3701. ITT Technical Institute-Norfolk is a small school located in Norfolk, Virginia. It is a private for-profit school with primarily 4-year or above programs. It has 1,066 students and an admission rate of 46%. ITT Technical Institute-Norfolk has a bachelor's degree program in Business Administration and Management.

Thomas Nelson Community College - Hampton, VA

Thomas Nelson Community College, 99 Thomas Nelson Drive, Hampton, VA 23666. Thomas Nelson Community College is a large college located in Hampton, Virginia. It is a public school with primarily 2-year programs and has 7,541 students. Thomas Nelson Community College has an associate's degree program in Business Administration and Management which graduated 163 students in 2008.

Virginia Wesleyan College - Norfolk, VA

Virginia Wesleyan College, 1584 Wesleyan Dr, Norfolk, VA 23502-5599. Virginia Wesleyan College is a small college located in Norfolk, Virginia. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,381 students and an admission rate of 77%. Virginia Wesleyan College has a bachelor's degree program in Business Administration and Management which graduated fifty-three 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: Chesapeake, Virginia

Chesapeake, Virginia
Chesapeake, Virginia photo by BetacommandBot

Chesapeake is located in Chesapeake City County, Virginia. It has a population of over 220,111, which has grown by 10.5% in the past ten years. The cost of living index in Chesapeake, 87, is well below the national average. New single-family homes in Chesapeake are priced at $160,000 on average, which is well above the state average. In 2008, five hundred eighty-nine new homes were constructed in Chesapeake, down from seven hundred fifty-eight the previous year.

The three most popular industries for women in Chesapeake are educational services, health care, and public administration. For men, it is construction, public administration, and transportation equipment. The average travel time to work is about 25 minutes. More than 24.7% of Chesapeake residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 8.8%, is lower than the state average.

The unemployment rate in Chesapeake is 6.1%, which is less than Virginia's average of 6.4%.

Pleasant Grove Church, Refuge Mission Church and Saint Andrews Church are among the churches located in Chesapeake.

Chesapeake is home to the Jacks Camp and the Portlock Yard as well as Cascade Park and Ford Park. Shopping malls in the area include Great Bridge Shopping Center, Greenbrier Mall Shopping Center and Poplar Hill Plaza Shopping Center. Visitors to Chesapeake can choose from Courtyard By Marriott, Chesapeake Travelodge Motel and Comfort Inn Bowers Hill for temporary stays in the area.