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Career and Education Opportunities for Cost Analysts in West Virginia

West Virginia has a population of 1,819,777, which has grown by 0.63% in the last 10 years. Nicknamed the "Mountain State," West Virginia's capital and largest city is Charleston.

There are currently 630 jobs for cost analysts in West Virginia and this is projected to grow by 11% to about 690 jobs by 2016. This is not quite as good as 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.

The income of a cost analyst is about $21 per hour or $44,010 annually on average in West Virginia. In the U.S. as a whole, their income is about $27 hourly or $56,510 yearly on average. Earnings for cost analysts are not quite as good as earnings in the general category of Adjustment and Analysis in West Virginia and better than general Adjustment and Analysis category earnings nationally. People working as cost analysts can fill a number of jobs, such as: sales engineer, estimator project manager, and construction job cost estimator.

In 2008, there were a total of 934,944 jobs in West Virginia. The average annual income was $31,634 in 2008, up from $30,121 in 2007. The unemployment rate in West Virginia was 7.9% in 2009, which has grown by 3.6% since the previous year. About 14.8% of West Virginia residents have college degrees, which is lower than the national average.

The top industries in West Virginia include bituminous coal underground mining, plastics material manufacturing, and pipeline transportation. Notable tourist attractions include the Southridge Grand PRIX and Family Fun Center, the Cultural Center Information, and the South Charleston Museum.

CITIES WITH Cost Analyst OPPORTUNITIES IN West Virginia


JOB 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.

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.

Similar jobs with educational opportunities in West Virginia 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.
  • 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.
  • 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.

LOCATION INFORMATION: West Virginia

West Virginia
West Virginia photo by the U.S. Dept. of Transportation

West Virginia has a population of 1,819,777, which has grown by 0.63% over the past 10 years. Nicknamed the "Mountain State," West Virginia's capital and biggest city is Charleston. In 2008, there were a total of 934,944 jobs in West Virginia. The average annual income was $31,634 in 2008, up from $30,121 in 2007. The unemployment rate in West Virginia was 7.9% in 2009, which has grown by 3.6% since the previous year. Approximately 14.8% of West Virginia residents have college degrees, which is lower than the national average.

The top industries in West Virginia include bituminous coal underground mining, plastics material manufacturing, and pipeline transportation. Notable tourist attractions include the P A Denny, the Robert C Byrd Health Sciences C of W Vrgna Unvrsty, and the Craik.