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Career and Education Opportunities for Cost Analysts in Wyoming

Wyoming has a population of 544,270, which has grown by 10.22% in the last 10 years. Nicknamed the "Equality State," Wyoming's capital and biggest city is Cheyenne.

Currently, 240 people work as cost analysts in Wyoming. This is expected to grow 44% to 340 people by 2016. This is better than 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.

Cost analysts earn approximately $22 per hour or $46,430 annually on average in Wyoming. Nationally they average about $27 per hour or $56,510 yearly. Cost analysts earn more than people working in the category of Adjustment and Analysis generally in Wyoming and more than people in the Adjustment and Analysis category nationally. Cost analysts work in a variety of jobs, including: project manager, sales engineer, and job cost estimator.

In 2008, there were a total of 404,855 jobs in Wyoming. The average annual income was $48,580 in 2008, up from $46,726 in 2007. The unemployment rate in Wyoming was 6.4% in 2009, which has grown by 3.2% since the previous year. About 21.9% of Wyoming residents have college degrees, which is lower than the national average.

The top industries in Wyoming include mining, mining (except oil), and crude petroleum gas extraction. Notable tourist destinations include the Messenger Brothers Carriage Service, the Nelson Museum of the West, and the Old West Museum.

CITIES WITH Cost Analyst OPPORTUNITIES IN Wyoming


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 Wyoming 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.
  • 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: Wyoming

Wyoming
Wyoming photo by David Jolley

Wyoming has a population of 544,270, which has grown by 10.22% in the last 10 years. Nicknamed the "Equality State," Wyoming's capital and most populous city is Cheyenne. In 2008, there were a total of 404,855 jobs in Wyoming. The average annual income was $48,580 in 2008, up from $46,726 in 2007. The unemployment rate in Wyoming was 6.4% in 2009, which has grown by 3.2% since the previous year. Roughly 21.9% of Wyoming residents have college degrees, which is lower than the national average.

The top industries in Wyoming include mining, mining (except oil), and crude petroleum gas extraction. Notable tourist destinations include the Cheyenne Botanic Gardens, the Nelson Museum of the West, and the Union Pacific Historical Society.