Cost Estimators

If you are good at budgeting, you would probably make an excellent cost estimator. Sometimes known as estimator project managers, cost analysts or sales engineers, cost estimators work to estimate costs for construction projects, services and product manufacturing.

Most cost estimators work in the manufacturing or construction industries. They analyze labor, location, material, equipment and time costs to help managers decide if an opportunity is lucrative.

This position is important because managers often rely on cost estimators to make bidding and project development decisions. Cost estimators also work closely with vendors, clients and employees in other departments.

As a cost estimator you will analyze whether or not costs are effective, estimate vendor costs, create cost monitoring programs and use blueprints and plans to estimate costs.

Tools like desktop, laptop and tablet computers, personal digital assistants and project management, spreadsheet, accounting, analytical and financial analysis software are used every day by people with this career.

Successful cost estimators are usually good at math, writing, communicating, critical thinking, managing resources, problem solving, listening, reasoning and organizing information.

To make it big in this field, you will need a bachelor’s degree. Cost estimators combine their expertise in a wide variety of areas and study subjects like math, economics, accounting, electronics, computers, design, building and construction, engineering and accounting. Be sure to look into the courses being offered in many locations.

Job opportunities for cost estimators are expected to increase very quickly. The average hourly wage for people with this career is about $27 and the average annual income is about $56,000.