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Career and Education Opportunities for Cost Analysts in Huntington, West Virginia

There is a wide variety of career and education opportunities for cost analysts in the Huntington, West Virginia area. About 630 people are currently employed as cost analysts in West Virginia. By 2016, this is expected to grow 11% to about 690 people employed. 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%. 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.

A person working as a cost analyst can expect to earn about $21 per hour or $44,010 per year on average in West Virginia and about $27 per hour or $56,510 yearly on average in the U.S. as a whole. 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. Jobs in this field include: quantity surveyor, operations manager, and electrical estimator.

There are nine schools within twenty-five miles of Huntington where you can study to be a cost analyst, among seventeen schools of higher education total in the Huntington 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 Huntington 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.
  • 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.

EDUCATIONAL OPPORTUNITIES: Cost Analyst Training

Shawnee State University - Portsmouth, OH

Shawnee State University, 940 Second St, Portsmouth, OH 45662. Shawnee State University is a small university located in Portsmouth, Ohio. It is a public school with primarily 4-year or above programs and has 3,976 students. Shawnee State University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree which graduated 3 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 57 students in 2008.

Ohio University-Southern Campus - Ironton, OH

Ohio University-Southern Campus, 1804 Liberty Ave, Ironton, OH 45638. Ohio University-Southern Campus is a small university located in Ironton, Ohio. It is a public school with primarily 4-year or above programs and has 1,824 students. Ohio University-Southern Campus has an associate's degree program in Business Administration and Management which graduated seven students in 2008.

Gallipolis Career College - Gallipolis, OH

Gallipolis Career College, 1176 Jackson Pke, Suite 312, Gallipolis, OH 45631-2600. Gallipolis Career College is a small college located in Gallipolis, Ohio. It is a private for-profit school with primarily 2-year programs and has 140 students. Gallipolis Career College has an associate's degree program in Business Administration and Management which graduated three students in 2008.

Ashland Community and Technical College - Ashland, KY

Ashland Community and Technical College, 1400 College Drive, Ashland, KY 41101-3683. Ashland Community and Technical College is a small college located in Ashland, Kentucky. It is a public school with primarily 2-year programs and has 4,550 students. Ashland Community and Technical College has less than one year, one to two year, and associate's degree programs in Business Administration and Management which graduated fourteen, one, and seventeen students respectively in 2008.

Daymar College - New Boston, OH

Daymar College, 3879 Rhodes Ave., New Boston, OH 45662-4900. Daymar College is a small college located in New Boston, Ohio. It is a private for-profit school with primarily 2-year programs and has 121 students. Daymar College has an associate's degree program in Business Administration and Management which graduated six students in 2008.

Marshall University - Huntington, WV

Marshall University, 1 John Marshall Dr, Huntington, WV 25755. Marshall University is a large university located in Huntington, West Virginia. It is a public school with primarily 4-year or above programs. It has 13,656 students and an admission rate of 87%. Marshall University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, master's degree which graduated 114 students in 2008.
  • Business Administration and Management, bachelor's degree which graduated 102 students in 2008.

Southern West Virginia Community and Technical College - Mount Gay, WV

Southern West Virginia Community and Technical College, Dempsey Branch Road, Mount Gay, WV 25637. Southern West Virginia Community and Technical College is a small college located in Mount Gay, West Virginia. It is a public school with primarily 2-year programs and has 2,258 students. Southern West Virginia Community and Technical College has an associate's degree program in Business Administration and Management which graduated twenty-seven students in 2008.

Marshall Community and Technical College - Huntington, WV

Marshall Community and Technical College, 1 John Marshall Way, Huntington, WV 25755. Marshall Community and Technical College is a small college located in Huntington, West Virginia. It is a public school with primarily 2-year programs and has 2,533 students. Marshall Community and Technical College has an associate's degree program in Business/Commerce which graduated twenty-seven students in 2008.

Huntington Junior College - Huntington, WV

Huntington Junior College, 900 Fifth Ave, Huntington, WV 25701. Huntington Junior College is a small college located in Huntington, West Virginia. It is a private for-profit school with primarily 2-year programs and has 774 students. Huntington Junior College has an associate's degree program in Business Administration and Management which graduated seventeen 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: Huntington, West Virginia

Huntington, West Virginia
Huntington, West Virginia photo by DelanoPatterson

Huntington is situated in Cabell County, West Virginia. It has a population of over 49,185, which has shrunk by 4.4% over the last ten years. The cost of living index in Huntington, 84, is well below the national average. New single-family homes in Huntington cost $195,100 on average, which is far greater than the state average. In 2008, sixteen new homes were built in Huntington, down from thirty-five the previous year.

The top three industries for women in Huntington are health care, educational services, and accommodation and food services. For men, it is health care, educational services, and construction. The average travel time to work is about 18 minutes. More than 22.4% of Huntington residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 9.8%, is higher than the state average.

The unemployment rate in Huntington is 7.7%, which is the same as West Virginia's average of 7.7%. About 24.7% of Huntington's residents are below the poverty line, which is worse than the state average.

The percentage of Huntington residents that are affiliated with a religious congregation, 42.7%, is less than the national average but more than the state average. Glorious Church of God in Christ, South Side United Methodist Church and Good Samaritan United Methodist Church are some of the churches located in Huntington. The largest religious groups are the American Baptist Churches in the USA, the United Methodist Church and the Catholic Church.

Huntington is home to the Northcott Hall and the Foster Memorial Home as well as Holderby Commons and United States Post Office and Courthouse Historic District. Shopping malls in the area include Westland Plaza Shopping Center, Fairfield Plaza Shopping Center and Huntington Plaza Shopping Center. Visitors to Huntington can choose from Super 8, Cabell Huntington Hospital and Garden Park for temporary stays in the area.