Become a Cost Estimator

CONSTRUCTION COST ESTIMATOR

Construction cost estimators typically need a bachelor’s degree in construction management or engineering. Some colleges offer master’s programs, preparing graduates for leadership roles. In this role, tasks include calculating costs for various projects and evaluating expenses for materials and labor. While some work directly for construction firms, others find roles in contractor and engineering firms.

MANUFACTURING COST ESTIMATORS

To become a manufacturing cost estimator, a bachelor’s degree in engineering, business, or finance is typically needed. In this role, responsibilities include calculating costs related to the development, production, or redesign of goods or services. For example, a cost estimator working for an auto manufacturer might assess the production costs of a new car model, offering crucial insights for managerial decision-making.

BUDGET ANALYSTS

Budget analysts may have a bachelors degree in one of many areas including accounting, finance, business, public administration, economics, statistics.

As a budget analyst, one needs strong numerical and analytical skills. Studies often center around courses in accounting, economics and statistics.

Government budget analysts may also earn the Certified Government Financial Manager credential from the Association of Government Accountants. Maintaining said credential requires 80 hours of continued education every 2 years.

OPERATIONS RESEARCH ANALYSTS

Many operations research analysts today have a masters degree in engineering, computer science, analytics, or math. Though, BLS tells that most entry level workers have a bachelors degree.

As an operations research analyst, you will identify and solve problems with advanced math, statistics and computer analytics. The skills of operations research analysts are used in areas such as business, logistics and health care.

ACCOUNTANTS

Accountants may get started with a bachelors degree. However, to bridge the gap of credits needed to pursue a Certified Public Accountant (CPA) credential, many pursue a Masters in Accounting or MBA.

As an accountant, one may assess and prepare taxes and financial records. This works to ensure the financial health of businesses and organizations. Also, within this dynamic field, many accountants choose a niche within which to apply their skills. Forensic accounting and cost accounting are two examples.

Many accredited colleges and universities offer concentrations so that students may line up studies with interests.

LOGISTICIANS

Some logisticians may get started with an associates degree. However, due to the complexity of supply chains, a bachelors degree in business, systems engineering, or supply chain management is more common. Masters and MBA in Supply Chain Management are also available.

Logisticians understand how to analyze and coordinate an organization’s supply chain. These individuals manage the entire life cycle of a product from design to disposal.

FINANCIAL MANAGERS

Financial managers typically hold a bachelor’s degree in finance, accounting, economics, or business administration. For investment professionals aiming for industry certifications like Chartered Financial Analyst (CFA), a bachelor’s degree is a prerequisite.

Presently, employers often prefer financial managers with a master’s degree in business administration, finance, accounting, or economics. These advanced graduate programs aid students in cultivating enhanced analytical abilities and delve into more intricate financial analysis techniques and relevant software applications.