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Career and Education Opportunities for Cost Analysts in Milwaukee, Wisconsin

Cost analysts can find many career and educational opportunities in the Milwaukee, Wisconsin area. About 4,990 people are currently employed as cost analysts in Wisconsin. By 2016, this is expected to grow 16% to about 5,780 people employed. 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.

The income of a cost analyst is about $25 per hour or $53,890 yearly on average in Wisconsin. In the U.S. as a whole, their income is about $27 per hour or $56,510 annually on average. Earnings for cost analysts are better than earnings in the general category of Adjustment and Analysis in Wisconsin and better than general Adjustment and Analysis category earnings nationally. Cost analysts work in a variety of jobs, including: environmental marketing specialist, cost estimator, and estimator project manager.

The Milwaukee area is home to thirty-nine schools of higher education, including nineteen within twenty-five miles of Milwaukee where you can get a degree as a cost analyst. The most common level of education for cost analysts is a Bachelor's degree. 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 Milwaukee 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.
  • 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

Marquette University - Milwaukee, WI

Marquette University, 615 N 11th St, Milwaukee, WI 53233. Marquette University is a large university located in Milwaukee, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,633 students and an admission rate of 65%. Marquette University has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree, master's degree, and doctor's degree which graduated forty-five, six, and three students respectively in 2008.
  • Manufacturing Engineering, bachelor's degree which graduated 1 student in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated eight and 137 students respectively in 2008.

Mount Mary College - Milwaukee, WI

Mount Mary College, 2900 N. Menomonee River Pky, Milwaukee, WI 53222-4597. Mount Mary College is a small college located in Milwaukee, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,821 students and an admission rate of 58%. Mount Mary College has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree.
  • Business Administration and Management, bachelor's degree.

Ottawa University-Milwaukee - Brookfield, WI

Ottawa University-Milwaukee, 245 South Executive Drive, Suite 110, Brookfield, WI 53005. Ottawa University-Milwaukee is a small university located in Brookfield, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs and has 399 students. Ottawa University-Milwaukee has a bachelor's degree and a master's degree program in Business Administration and Management which graduated fourteen and ten students respectively in 2008.

University of Wisconsin-Milwaukee - Milwaukee, WI

University of Wisconsin-Milwaukee, 2200 E Kenwood Blvd, Milwaukee, WI 53201-0413. University of Wisconsin-Milwaukee is a large university located in Milwaukee, Wisconsin. It is a public school with primarily 4-year or above programs. It has 28,995 students and an admission rate of 96%. University of Wisconsin-Milwaukee has 4 areas of study related to Cost Analyst. They are:

  • Materials Engineering, bachelor's degree which graduated 7 students in 2008.
  • Mechanical Engineering, bachelor's degree which graduated 58 students in 2008.
  • Manufacturing Engineering, bachelor's degree which graduated 10 students in 2008.
  • Business Administration and Management, master's degree which graduated 132 students in 2008.

Bryant and Stratton College-Wauwatosa - Wauwatosa, WI

Bryant and Stratton College-Wauwatosa, 10950 W Potter Road, Wauwatosa, WI 53226. Bryant and Stratton College-Wauwatosa is a small college located in Wauwatosa, Wisconsin. It is a private for-profit school with primarily 4-year or above programs and has 650 students. Bryant and Stratton College-Wauwatosa has a bachelor's degree program in Business Administration and Management which graduated thirteen students in 2008.

University of Phoenix-Milwaukee Campus - Brookfield, WI

University of Phoenix-Milwaukee Campus, 20075 Watertower Blvd, Brookfield, WI 53045-6608. University of Phoenix-Milwaukee Campus is a small university located in Brookfield, Wisconsin. It is a private for-profit school with primarily 4-year or above programs and has 348 students. University of Phoenix-Milwaukee Campus has a bachelor's degree and a master's degree program in Business Administration and Management which graduated eighty-eight and sixty-three students respectively in 2008.

ITT Technical Institute-Greenfield - Greenfield, WI

ITT Technical Institute-Greenfield, 6300 W Layton Ave, Greenfield, WI 53220-4612. ITT Technical Institute-Greenfield is a small school located in Greenfield, Wisconsin. It is a private for-profit school with primarily 4-year or above programs. It has 1,235 students and an admission rate of 52%. ITT Technical Institute-Greenfield has an associate's degree and a bachelor's degree program in Business Administration and Management.

Carthage College - Kenosha, WI

Carthage College, 2001 Alford Park Dr, Kenosha, WI 53140-1994. Carthage College is a small college located in Kenosha, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,990 students and an admission rate of 77%. Carthage College has a bachelor's degree program in Business Administration and Management which graduated seventeen students in 2008.

Milwaukee Area Technical College - Milwaukee, WI

Milwaukee Area Technical College, 700 W State St, Milwaukee, WI 53233-1443. Milwaukee Area Technical College is a large college located in Milwaukee, Wisconsin. It is a public school with primarily 2-year programs. It has 18,780 students and an admission rate of 54%. Milwaukee Area Technical College has 2 areas of study related to Cost Analyst. They are:

  • Materials Engineering, associate's degree which graduated 1 student in 2008.
  • Business Administration and Management, associate's degree which graduated 4 students in 2008.

Alverno College - Milwaukee, WI

Alverno College, 3400 S 43rd St, Milwaukee, WI 53234-3922. Alverno College is a small college located in Milwaukee, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,782 students and an admission rate of 89%. Alverno College has a bachelor's degree program in Business Administration and Management.

Wisconsin Lutheran College - Milwaukee, WI

Wisconsin Lutheran College, 8800 W Bluemound Rd, Milwaukee, WI 53226-4699. Wisconsin Lutheran College is a small college located in Milwaukee, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 753 students and an admission rate of 76%. Wisconsin Lutheran College has a bachelor's degree program in Business Administration and Management which graduated one student in 2008.

Sanford-Brown College - West Allis, WI

Sanford-Brown College, 6737 W Washington St - Ste 2355, West Allis, WI 53214. Sanford-Brown College is a small college located in West Allis, Wisconsin. It is a private for-profit school with primarily 2-year programs and has 1,062 students. Sanford-Brown College has an associate's degree program in Business Administration and Management which graduated fifteen students in 2008.

Milwaukee School of Engineering - Milwaukee, WI

Milwaukee School of Engineering, 1025 N Broadway, Milwaukee, WI 53202-3109. Milwaukee School of Engineering is a small school located in Milwaukee, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,622 students and an admission rate of 70%. Milwaukee School of Engineering has 3 areas of study related to Cost Analyst. They are:

  • Mechanical Engineering, bachelor's degree which graduated 77 students in 2008.
  • Business/Commerce, bachelor's degree which graduated 7 students in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated four and twenty-seven students respectively in 2008.

DeVry University-Wisconsin - Milwaukee, WI

DeVry University-Wisconsin, 100 E Wisconsin Ave, Ste 2550, Milwaukee, WI 53202. DeVry University-Wisconsin is a small university located in Milwaukee, Wisconsin. It is a private for-profit school with primarily 4-year or above programs. It has 273 students and an admission rate of 90%. DeVry University-Wisconsin has a bachelor's degree and a master's degree program in Business Administration and Management which graduated one and forty-two students respectively in 2008.

Concordia University-Wisconsin - Mequon, WI

Concordia University-Wisconsin, 12800 N Lake Shore Dr, Mequon, WI 53097-2402. Concordia University-Wisconsin is a medium sized university located in Mequon, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,549 students and an admission rate of 62%. Concordia University-Wisconsin has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, bachelor's degree which graduated 5 students in 2008.
  • Business Administration and Management, associate's degree, bachelor's degree, and master's degree which graduated ten, zero, and two students respectively in 2008.

Bryant and Stratton College-Milwaukee - Milwaukee, WI

Bryant and Stratton College-Milwaukee, 310 W. Wisconsin Avenue Suite 500, Milwaukee, WI 53203-2608. Bryant and Stratton College-Milwaukee is a small college located in Milwaukee, Wisconsin. It is a private for-profit school with primarily 4-year or above programs and has 800 students. Bryant and Stratton College-Milwaukee has a bachelor's degree program in Business Administration and Management.

Carroll University - Waukesha, WI

Carroll University, 100 N East Ave, Waukesha, WI 53186. Carroll University is a small university located in Waukesha, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,320 students and an admission rate of 73%. Carroll University has a bachelor's degree program in Business Administration and Management.

Waukesha County Technical College - Pewaukee, WI

Waukesha County Technical College, 800 Main Street, Pewaukee, WI 53072-4601. Waukesha County Technical College is a medium sized college located in Pewaukee, Wisconsin. It is a public school with primarily 2-year programs and has 6,955 students. Waukesha County Technical College has an associate's degree program in Business Administration and Management which graduated three students in 2008.

Cardinal Stritch University - Milwaukee, WI

Cardinal Stritch University, 6801 N Yates Rd, Milwaukee, WI 53217-3985. Cardinal Stritch University is a medium sized university located in Milwaukee, Wisconsin. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,300 students and an admission rate of 90%. Cardinal Stritch University has 2 areas of study related to Cost Analyst. They are:

  • Business/Commerce, associate's degree and bachelor's degree which graduated 144 and zero students respectively in 2008.
  • Business Administration and Management, bachelor's degree and master's degree which graduated two and 356 students respectively 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: Milwaukee, Wisconsin

Milwaukee, Wisconsin
Milwaukee, Wisconsin photo by Towpilot

Milwaukee is located in Milwaukee County, Wisconsin. It has a population of over 604,477, which has grown by 1.3% over the last ten years. The cost of living index in Milwaukee, 87, is well below the national average. New single-family homes in Milwaukee cost $167,400 on average, which is far less than the state average. In 2008, ninety-six new homes were built in Milwaukee, down from one hundred sixty-seven the previous year.

The three most popular industries for women in Milwaukee are health care, educational services, and finance and insurance. For men, it is administrative and support and waste management services, construction, and accommodation and food services. The average travel time to work is about 23 minutes. More than 18.3% of Milwaukee residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.0%, is lower than the state average.

The unemployment rate in Milwaukee is 10.6%, which is greater than Wisconsin's average of 7.7%.

The percentage of Milwaukee residents that are affiliated with a religious congregation, 47.5%, is less than both the national and state average. Church of the Epiphany, Saint Mark African Methodist Episcopal Church and German Full Gospel Church are among the churches located in Milwaukee. The largest religious groups are the Catholic Church, the Lutheran Church and the Evangelical Lutheran Church in America.

Milwaukee is home to the Caroline Hall and the Wood as well as Cannon Park and Fifth Ward Playground. Shopping malls in the area include Juneau Village Shopping Center, Times Square Shopping Center and Grand Avenue Mall Shopping Center. Visitors to Milwaukee can choose from Edge-O-Town Motel, Manor House Hotel and Days Inn West Allis for temporary stays in the area.